The Metropolitan
92 Millburn Ave,
Springfield, NJ 07081
1-3 Beds | $3,275 - $9,195
Rental Market Trends in Millburn, NJ
Updated September 2026
The average rent in Millburn, NJ is $1,913/month.
Rent in Millburn is roughly equal to the national average rent of of $1,664/month.
$1,913/month
Average Rent
494 Sq Ft
Average Size
+1.8%
Change / Year
118
Available Apartments
Millburn rent varies by unit size and layout:
- Studio apartments in Millburn average $1,649 per month.
- One-bedroom apartments in Millburn average $1,913 per month.
- Two-bedroom apartments in Millburn average $3,814 per month.
- Three-bedroom apartments in Millburn average or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Millburn, NJ?
In the past year, rent has increased by 1.8%, which averages out to $34 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Millburn, NJ
September 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
10%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
40%
Above $2,000/month
What salary do I need to live comfortably in Millburn, NJ?
Because the average rent in Millburn is $1,913, you’ll want to make about $6,376 per month or $76,512 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Millburn, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Millburn, NJ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Millburn Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Short Hills
Avg Rent: $2,605/month
-
Summit
Avg Rent: $2,257/month
-
Springfield
Avg Rent: $2,460/month
-
Chatham
Avg Rent: $2,748/month
-
Maplewood
Avg Rent: $2,350/month
-
Livingston
Avg Rent: $2,914/month
-
South Orange
Avg Rent: $2,603/month
Apartment Communities in Millburn We Think You'll Love
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Frequently Asked Questions
What is the average rent in Millburn?
The average rent in Millburn is $1,913 per month, which is 15.0% higher than the national average of $1,664.
What is the average rent for a house in Millburn?
The average rent for a house in Millburn, NJ is $4,645 per month.
Are rents going up or down in Millburn?
Rents in Millburn, NJ are increasing, with prices up 1.8% year-over-year and $34 more per month.
What rent range is most common in Millburn?
In Millburn, NJ, 50% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.