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Highlights

  • Pet Friendly
  • Keyless entry
  • Quartz countertops
  • Central air conditioning
  • Usb outlets
  • State-of-the-art fitness center
  • In-home washers and dryers

Location

45 Market St, Morristown, NJ 07960, USA
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Contact

Management

35-41 Market Street Urban Renewal LLC

Leasing office

(973) 267-4500

Property Overview

Forty Five Market offers a strong mix of value, convenience, and standout amenities, with a high expert rating supported by excellent scores for price, amenities, and location. Notable features include keyless entry, quartz countertops, central air conditioning, USB outlets, a state-of-the-art fitness center, and in-home washers and dryers, while 22 photos and a strong value per square foot add to its appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.1
Very Good
With a solid 8.1 out of 10 overall, Forty Five Market is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Forty Five Market has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Images Available
  • Pet friendly

Great for

  • Pet owners

Floor plans

S1Studio1 bath480 sqft$2,625 /mo1 unit availableStep into luxury in our spacious studios, complete with custom closets, stainless steel appliances and modern finishes. This brand-new home was carefully curated for a chic suburban lifestyle. * Ask our leasing agent for details today. Pricing and offers subject to change.

Let's explore this property.

Amenities for Forty Five Market

Apartment Amenities

Butterfly MX Entry System

Appliances

DishwasherGas Range
In-Unit LaundryRange
Stackable Washer & DryerStainless Steel Appliances

Building

Bike StorageCats OK
Dogs OKFitness Center
Lobby LoungeResidents Lounge
Rooftop Fitness CenterRooftop Lounge
Smart Locks

Grounds

Storage

Services

Package Service
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.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units54
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About Forty Five Market

HomeApartments in Morristown Forty Five Market

Welcome Home to 45 Market. New Rental Residences in Morristown. Contextual, elegant and integrated with its surroundings, 45 Market is a bold addition to historic central Morristown, raising the bar on understated luxury rental residences. Entrance + Lobby Drawing inspiration from the surrounding neighborhood, 45 Market’s distinctive skylit lobby welcomes residents with a rich palette of warm tones, natural materials and eclectic furnishings. The Package Concierge® system tracks and accepts packages on behalf of residents. Resident Lounge The penthouse amenity lounge is defined by soaring architectural vaulted glass ceilings and eclectic leather furnishings, opening onto an outdoor roof deck with exceptional views of the surrounding area. Fitness Retreat A state-of-the-art fitness center with a comprehensive selection of equipment allows residents to maintain a healthy lifestyle without ever having to leave the building. Residences The spacious residences at 45 Market boast in-home washers and dryers, chic modern finishings, central air conditioning and a suite of smart home features including keyless entry and ButterflyMX video access system. Living Spaces With wide plank flooring throughout, bedroom and living spaces at 45 Market are well-proportioned and conveniently include USB outlets, custom closet systems and oversized windows framing idyllic city views. Custom Kitchens Kitchens are elegantly outfitted with an extensive collection of Bosch appliances including soft close cabinets, solid stone backsplash and quartz countertops with waterfall kitchen islands. Bath Details Bathrooms at 45 Market are well laid out, fully tiled from floor to ceiling and feature modern, functional fixtures, encouraging a clean and modern lifestyle for residents.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.1
/10
Very Good
With a solid 8.1 out of 10 overall, Forty Five Market is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Forty Five Market has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Forty Five Market
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Forty Five Market stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Forty Five Market is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Forty Five Market is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Forty Five Market does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Forty Five Market is great for:

Pet owners

  • 2 pet grooming services nearby
  • 2 pet hospitals in the area
  • 6 pet supply stores near the property

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 Forty Five Market compares to other nearby properties.

Positives

Less expensive
Studio units are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this address
Pet friendly
This property allows pets

Considerations

No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Morristown

studio apartments at Forty Five Market cost about 38% more than the average rent price for studio apartments in Morristown.

Median rents as of Jul 11 2026.
Morristown
A table of studio rental data trends in Morristown
MonthMedian Rent
October 2024$2,552
January 2025$2,150
February 2025$1,916
May 2025$1,862
June 2025$1,687
July 2025$1,675
August 2025$1,646
September 2025$1,595
October 2025$1,380
November 2025$1,275
December 2025$1,195
January 2026$1,417
February 2026$1,514
March 2026$1,850
April 2026$1,850
May 2026$1,980
June 2026$2,081
July 2026$1,900

Affordability calculator

Can I afford to live at 45 Market St?

Bedrooms

Studio

Rent-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

$105,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $105,000 annually to afford this studio monthly rent price of $2,625.
For more information on rent affordability, visit our rent calculator.

Schools near Forty Five Market

Alexander Hamilton School

24 mills st

morristown, NJ, 7960

3-5Public
B+

Lafayette Learning Center Preschool

31 hazel st

morristown, NJ, 7960

PKPublic

Hillcrest School

160 hillcrest ave

morristown, NJ, 7960

PK, K-2Public
A-

Sussex Avenue School

125 sussex ave

morristown, NJ, 7960

3-5Public
B+

Alfred Vail School

125 speedwell ave

morris plains, NJ, 7950

PK, K-2Public
A-
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Internet available near Forty Five Market

Getting around Morristown near 45 Market St

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 45 Market St, Morristown

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

7/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

5/10
At least one elementary school within a 30-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

9/10
Variety of bars within a few minutes' walk

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