1 Day Ago
Location
242 Lake Road, Morristown, New Jersey 07960, United States
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Amenities for 242 Lake Road
Apartment Amenities
| Central Air |
Grounds
| Outdoor Space |
Other
| Nine Rooms |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 242 Lake Road
Property Status: Active Remarks: A stunning private property set on 5.73 Acres including your own lake! A unique property for the most discerning owner. There's a patio surrounded with the lush park-like acreage. The open floor plan features four bedrooms and two baths. The brand-new kitchen includes quartz countertops and stainless-steel appliances. Keyfeatures include new high efficiency heating and cooling system, newly remodeled bathrooms with tasteful finishes throughout! Only three miles from Morristown's finedining, shopping, and entertainment, but feels like a private oasis. Under 3.5 Miles from either Morris Plains or Morristown Train Station. ALSO LISTED FOR SALE GSMLS # 3896955. If rented it will be removed from sale. Office Phone: (908) 273-0400 Copyright © 2025 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 242 Lake Road compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
Considerations
- No in-unit dishwasher
- Dishwashers aren't available
Address details
| Zip code | 07960 |
|---|---|
| Type | House for rent |
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Rent trends in Morristown
4-bedroom apartments at 242 Lake Road cost about 6% more than the average rent price for 4-bedroom apartments in Morristown.
Median rents as of Dec 6 2025.
Morristown
| Month | Median Rent |
|---|---|
| December 2023 | $4,250 |
| January 2024 | $4,250 |
| March 2024 | $4,500 |
| April 2024 | $4,500 |
| May 2024 | $4,250 |
| June 2024 | $4,685 |
| July 2024 | $4,475 |
| August 2024 | $4,250 |
| September 2024 | $4,775 |
| October 2024 | $5,125 |
| November 2024 | $4,940 |
| December 2024 | $4,000 |
| February 2025 | $5,495 |
| March 2025 | $5,067 |
| April 2025 | $4,375 |
| May 2025 | $4,575 |
| June 2025 | $4,583 |
| July 2025 | $5,700 |
| August 2025 | $6,100 |
| September 2025 | $5,940 |
| October 2025 | $5,541 |
| November 2025 | $4,590 |
| December 2025 | $4,545 |
Affordability calculator
Can I afford to live at 242 Lake Road?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$192,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $192,000 annually to afford this 4-bedrooms monthly rent price of $4,800.
For more information on rent affordability, visit our rent calculator.
Schools near 242 Lake Road
Sussex Avenue School
125 sussex ave
morristown, NJ, 7960
3-5Public
B+
Alexander Hamilton School
24 mills st
morristown, NJ, 7960
3-5Public
B+
Alfred Vail School
125 speedwell ave
morris plains, NJ, 7950
PK, K-2Public
A-
Hillcrest School
160 hillcrest ave
morristown, NJ, 7960
PK, K-2Public
A-
Lafayette Learning Center Preschool
31 hazel st
morristown, NJ, 7960
PKPublic
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Internet available near 242 Lake Road
Getting around Morristown near 242 Lake Road
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
1/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 242 Lake Road, Morristown
Groceries
1/10
Closest supermarket further than a 30-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
3/10
Some restaurants within walking distance
Primary schools
1/10
Closest elementary school further than a 30-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Parks
9/10
Very large amount of park space within a few minutes' walk
Nightlife
1/10
Few or no bars within walking distance
Explore the area around 242 Lake Road
Quick Food Stores
1075 Sussex Tpke
Whole Foods Market
110 Washington St
American Super Market
186 Speedwell Ave
Lidl
191 E Hanover Ave
Pink Grocery Cart Inc
Wolves Wear
3 Executive Dr
Variedades Lined
112 Speedwell Ave
Enchanted Images Lingerie
5 Cattano Ave
Burlington
191 E Hanover Ave
Red Wing Shoe Store
191 E Hanover Ave
WFM Coffee Bar
110 Washington St
Dunkin'
401 Speedwell Ave
Tropical Smoothie Cafe
191 E Hanover Ave
Dunkin'
1980 New Jersey 10 West
Tatte Bakery & Cafe Morristown
100 Morris St
Tiffs Grill & Ale House
231 Speedwell Ave
Arthurs Tavern
520 Speedwell Ave
Arthur's Tavern
700 Speedwell Ave
Horseshoe Tavern
36 Speedwell Ave
SM23
88 Headquarters Plz
Designcrime
530 Sussex Ave
Pan Casero Bakery Corp
199 Speedwell Ave
Xsto Solutions LLC
150 Speedwell Ave
Nothing Bundt Cakes
170 E Hanover Ave
Suzi Cakes
Morris County 9/11 Memorial
Central Park of Morris County
Foster Fields Living History Farm
Burnham Park
Central Park
Capacs
3 Fieldstone Dr
Lovey's Pizza & Grill
91 W Hanover Ave
Hibiscus Island Grill
196B Speedwell Ave
Island Cuisine LLC
196 Speedwell Ave
Mario's Brick Oven Pizza Inc
196 Speedwell Ave
MORRIS VIEW DR 519'E OF RAYNOR AVE
HILL COMPLEX OFF MORRIS VIEW DR
CENTRAL AVE AT LATHROP LN
CENTRAL AVE AT LATHROP LN
MEDICAL DRIVE AT CENTRAL AVE
MORRIS PLAINS
Morris & Essex Line
MORRISTOWN
Morris & Essex Line
MOUNT TABOR
Morris & Essex Line
CONVENT
Morris & Essex Line
DENVILLE
Montclair-Boonton Line, Morris & Essex Line
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