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Homes & Apartments for Rent in Millburn, NJ 07041

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What to Know About

Life in Millburn & Beyond

Millburn shares many of the great qualities that make New Jersey a desirable place to live.

New Jersey is known for its beaches along the Jersey Shore to some of the most iconic landmarks in the nation, such as the Liberty Bell, the Statue of Liberty, and Ellis Island. From the bustling streets of Newark to the picturesque shorelines of Cape May, New Jersey is a state unlike any other. Discover its dynamic culture and rich heritage by visiting iconic landmarks like Liberty State Park and the Ellis Island National Museum of Immigration. And for those seeking knowledge, New Jersey is home to renowned universities like Rutgers University and Princeton University.

Whether you're an outdoor enthusiast or a sports fan, New Jersey has plenty to offer, including the New York Giants (NFL), New York Jets (NFL), New Jersey Devils (NHL), and the New Jersey Nets (NBA). Enjoy the beautiful coastline by fishing, surfing, or sailing, and hit the slopes of nearby mountains. Make sure to visit famous attractions like the Atlantic City Boardwalk, the Camden Waterfront, and the historic town of Cape May.

A state that never stops moving, New Jersey is a melting pot of cultures, experiences, and opportunities waiting to be experienced, making it a great place to call home.

Rental Market Trends

Millburn, NJ

As of October 2026, Millburn's rental market is stable, with rentals spending about 28 days on the market, faster than in New Jersey (30), and rents down 3.3% over the past year. Millburn's average rent is 47.1% ($1,227) higher than the New Jersey average of $2,606 and 84.1% ($1,751) higher than the U.S. average of $2,082.

Average Rent
$3,833
Monthly ChangeMonth Over Month Change
Decreased0.29% ($11)
Yearly ChangeYear Over Year Change
Decreased3.3% ($132)
Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $3,172 Increased0.04% ($1) Increased0.3% ($9)
2 Beds $4,209 Decreased0.70% ($30) Decreased5.5% ($246)
3 Beds $5,579 Decreased0.74% ($42) Decreased9.9% ($611)
Nearby Cities Average Rent Avg. Rent vs. MillburnAverage Rent vs. Millburn Days on Market
Vauxhall $2,470 Decreased35.6% ($1,363) 28 days
Maplewood $2,890 Decreased24.6% ($943) 31 days
Short Hills $3,687 Decreased3.8% ($146) 28 days
Springfield $3,239 Decreased15.5% ($594) 28 days
Union $2,651 Decreased30.8% ($1,182) 31 days
Based on rentals advertised on RentalSource in and around Millburn.
Frequently Asked Questions
Millburn Rental Market FAQs

Explore rental prices, market conditions, and affordability in Millburn, NJ.

The average rent in Millburn, NJ is about $3,833 per month.
In Millburn, the average rent is about $3,172 per month for a 1-bedroom home, about $4,209 for a 2-bedroom home and about $5,579 for a 3-bedroom home.
The average rent in Millburn is 84.1% ($1,751) higher than the national average of $2,082 per month.
The rental market in Millburn, NJ is currently stable, with rentals spending about 28 days on the market, faster than in New Jersey (30), and rents down 3.3% over the past year.
Based on the current averages, a household would need an annual income of about $168,400 to comfortably afford a 2-bedroom home in Millburn.
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