McFarland returned to the Rangers for the 2003–04 season. In 59 games with the Rangers, McFarland scored 12 goals and 34 points. He suffered a late-season injury, and was limited to only one post-season game, where he was held to no points. Following the season, McFarland won the Herchenrader Family Award, which is given to the Rangers player with the Best Defensive Ability.
