Average Rent in Morristown, NJ and Rent Price Trends

Rent trends in Morristown, NJ

Average rent prices in Morristown have increased by 3% over the last month and have decreased by 5% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Morristown, NJ

Rent prices in Morristown vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Morristown is $2,975, whereas a house costs $3,800. 1-bedroom apartments in Morristown run $2,670 on average, while 2-bedroom apartments are $3,995.


Studio	$2,300	11%	31%
1 bedroom	$2,600	No Change	2%
2 bedroom	$3,700	5%	9%
3 bedroom	$4,200	9%	1%
4 bedroom	$5,350	36%	1%


Apartments	$2,975	2%	No Change
Condos	$3,000	5%	No Change
Houses	$3,800	1%	No Change

Studio

Average rent

$2,300

Last 30 days

11%

Last year

31%

1 bedroom

Average rent

$2,600

Last 30 days

No Change

Last year

2 bedroom

Average rent

$3,700

Last 30 days

Last year

3 bedroom

Average rent

$4,200

Last 30 days

Last year

4 bedroom

Average rent

$5,350

Last 30 days

36%

Last year

The table above reflects average rent prices in Morristown, NJ, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Morristown, NJ compare to other cities?

Compare median rent prices in Morristown and Bernardsville by all bedroom counts and property types.

Morristown

Median rent price$3,000

54%

higher than the national median

Median rent price$2,650

36%

higher than the national median

Takeaway

The median rent for all rentals in Morristown, NJ is 13% higher than the median rent in Bernardsville, NJ.

Average rent in nearby cities

Explore rent trends in neighboring markets

$2,650

$2,275

$3,900

$2,550

$4,016

$2,750

$2,300

Parsippany Troy Hills

$2,910

$2,049

$2,800

$3,747

$2,955

Cost of living in Morristown, NJ

Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.

Expenses accrued by most renters	Average cost compared to national average
Goods & Services	1% higher
Groceries	2% higher
Health	7% higher
Housing	23% higher
Transportation	5% lower
Utilities	2% lower

Discover rentals in Morristown, NJ

2h ago

Apartment for rent in Morristown

$2,595- Spacious 2BR 1BTH Apartment In Classic Morristown Building

50 Western Ave #1L, Morristown, NJ 07960

2 beds

1 bath

$2,595

Apartment for rent

Available Jul 10

5d+ ago

Apartment for rent in Morristown

Apartment - Morristown Town, NJ

81 Western Ave, Morristown, NJ 07960

2 beds

2 baths

$2,650

Apartment for rent

5d+ ago

Apartment for rent in Morristown

2 Stories, Apartment Complex - Morristown Town, NJ

46 Mount Kemble Ave #A, Morristown, NJ 07960

2 beds

1 bath

$3,100

Apartment for rent

5d+ ago

Apartment for rent in Morristown

2 Stories, Apartment Complex - Morristown Town, NJ

48 Mount Kemble Ave #B, Morristown, NJ 07960

2 beds

1 bath

$3,100

Apartment for rent

3d ago

Apartment for rent in Morristown

Duplex, Multi Floor Unit - Morristown Town, NJ

259 Speedwell Ave, Morristown, NJ 07960

3 beds

2 baths

$3,300

Apartment for rent

5d+ ago

Apartment for rent in Morristown

Condominium - Morristown Town, NJ

81 Western Ave, Morristown, NJ 07960

3 beds

2 baths

$3,300

Apartment for rent

5d+ ago

8.3

Very good

34 SSX

34 Sussex Ave, Morristown, NJ 07960

3 beds

1 bath

$3,500

Price drop

Apartment for rent

5d+ ago

Apartment for rent in Morristown

34 Sussex Ave #B, Morristown, NJ 07960

3 beds

1 bath

$3,500

Apartment for rent

Stay up to date with rental market insights

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Frequently asked questions for Morristown, NJ

Quick answers to common questions about the Morristown rental market.

How much is rent in Morristown?

The average rent in Morristown is $3,000 per month as of June 13, 2026.

Is rent up or down in Morristown?

Average rent prices in Morristown have increased by 3% over the last month and have decreased by 5% since last year.

How does Morristown rent compare to the national average?

Rent in Morristown is 54% above the national average, which means renters are paying approximately $1,050 more per month.

What salary do I need to afford rent in Morristown?

To comfortably afford rent in Morristown, you'd need to earn approximately $120,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Morristown?

Morristown's 2025 rental market shows one-bedroom apartments averaging around $2,700 per month, while two-bedroom units rent for around $3,300 monthly. These figures reflect current market conditions following year-over-year changes in the local rental landscape.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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