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5+ Days Ago
Location
242 Lake Rd, Morristown, NJ 07960, USA
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
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About 242 Lake Rd
2 Year Lease A stunning private Estate set on 5.83 Acres including your own pond! You will love entertaining guests outside on the 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. Key features include new high efficiency heating and cooling system, newly remodeled bathrooms with tasteful finishes throughout! Only three miles from Morristown?s fine dining, shopping, and entertainment, but feels like a private oasis. Under 3.5 Miles from either Morris Plains or Morristown Train Station.
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 Rd compares to other nearby properties.
Positives
- More space
- The 4-bedroom is 1822 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 1 mile away
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 2 miles away
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
- No in-unit dishwasher
- Dishwashers aren't available
Address details
| Zip code | 07960 |
|---|---|
| Type | House for rent |
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Available rentals nearby
Rent trends in Morristown
4-bedroom apartments at 242 Lake Rd cost about 13% less than the average rent price for 4-bedroom apartments in Morristown.
Median rents as of Mar 14 2026.
Morristown
| Month | Median Rent |
|---|---|
| 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 | $4,686 |
| January 2026 | $4,792 |
| February 2026 | $4,650 |
| March 2026 | $4,500 |
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 6 years ago | $3,900 |
Schools near 242 Lake Rd
Regional Day School
5 jean st
morristown, NJ, 7960
PK, K-12Public
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-
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Internet available near 242 Lake Rd
Getting around Morristown near 242 Lake Rd
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 Rd, 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
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