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In New Milford 9% of the housing is rented out compared to 91% of homes are owned, according to the most recent Census Bureau estimates. none of New Milford's apartments are found in large buildings of 50 units or more, none are located in smaller apartment complexes with less than 50 units, and 80% are single-family rentals.

The average age of rental buildings in New Milford is 39 years old, with 10% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in New Milford come in a range of sizes and floorplans. Studio apartments represent 0.2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 45% of the total apartments in the city, while 2-bedroom floorplans represent around 50% of all rentals in New Milford. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.