Average Rent in Millburn, NJ and Rent Price Trends

Rent trends in Millburn, NJ

Average rent prices in Millburn have increased by 13% over the last month and have increased by 2% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Millburn, NJ

Rent prices in Millburn vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Millburn is $2,825, whereas a house costs $5,400. 1-bedroom apartments in Millburn run $2,550 on average, while 2-bedroom apartments are $3,500.


Studio	$1,400	-	-
1 bedroom	$2,603	13%	44%
2 bedroom	$2,750	15%	10%
3 bedroom	$5,125	6%	11%
4 bedroom	$5,350	69%	15%


Apartments	$2,825	16%	No Change
Condos	$2,925	35%	No Change
Houses	$5,400	24%	No Change

Studio

Average rent

$1,400

1 bedroom

Average rent

$2,603

Last 30 days

13%

Last year

44%

2 bedroom

Average rent

$2,750

Last 30 days

15%

Last year

10%

3 bedroom

Average rent

$5,125

Last 30 days

Last year

11%

4 bedroom

Average rent

$5,350

Last 30 days

69%

Last year

15%

The table above reflects average rent prices in Millburn, NJ, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Millburn, NJ compare to other cities?

Compare median rent prices in Millburn and Caldwell by all bedroom counts and property types.

Millburn

Median rent price$4,000

106%

higher than the national median

Median rent price$2,500

29%

higher than the national median

Takeaway

The median rent for all rentals in Millburn, NJ is 60% higher than the median rent in Caldwell, NJ.

Average rent in nearby cities

Explore rent trends in neighboring markets

$2,500

$3,108

$2,900

$2,500

$2,425

$3,695

$2,200

$3,120

$3,400

$2,900

$2,977

$2,659

Discover rentals in Millburn, NJ

5d+ ago

Condo for rent in Millburn

CONDOS - Millburn Twp., NJ

176 Millburn Ave #22, Millburn, NJ 07041

2 beds

1 bath

$2,600

Condo for rent

3d ago

Condo for rent in Millburn

SINGLE_FAMILY - Millburn Twp., NJ

52 Mechanic St, Millburn, NJ 07041

3 beds

1 bath

$3,300

Condo for rent

2d ago

House for rent in Millburn

SINGLE_FAMILY - Millburn Twp., NJ

14 Edgewood Ter, Millburn, NJ 07041

4 beds

1.5 baths

$5,600

$5,300

Price drop

House for rent

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Frequently asked questions for Millburn, NJ

Quick answers to common questions about the Millburn rental market.

How much is rent in Millburn?

The average rent in Millburn is $4,000 per month as of August 1, 2026.

Is rent up or down in Millburn?

Average rent prices in Millburn have increased by 13% over the last month and have increased by 2% since last year.

How does Millburn rent compare to the national average?

Rent in Millburn is 106% above the national average, which means renters are paying approximately $2,060 more per month.

What salary do I need to afford rent in Millburn?

To comfortably afford rent in Millburn, you'd need to earn approximately $160,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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