Average Rent in Morristown, NJ and Rent Price Trends

Rent price trends in
Morristown, NJ

Rent price trends

Rent prices for all bedroom counts and property types in Morristown, NJ have increased by 1% in the last month and have increased by 10% in the last year.

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

Rent comparables in
Morristown, NJ
The monthly rent for an apartment in Morristown, NJ is $3,175. A 1-bedroom apartment in Morristown, NJ costs about $2,635 on average, while a 2-bedroom apartment is $3,700. Houses for rent in Morristown, NJ are more expensive, with an average monthly cost of $3,550.


1 bedroom	$2,556	No Change	9%
2 bedroom	$3,500	No Change	20%
3 bedroom	$3,989	3%	8%
4 bedroom	$5,000	3%	15%
Studio	$2,270	11%	No Change


Apartments	$3,175	1%	No Change
Condos	$2,775	3%	No Change
Houses	$3,550	2%	No Change

Studio

Average rent

$2,270

Last 30 days

11%

Last year

No Change

1 bedroom

Average rent

$2,556

Last 30 days

No Change

Last year

2 bedroom

Average rent

$3,500

Last 30 days

No Change

Last year

20%

3 bedroom

Average rent

$3,989

Last 30 days

Last year

4 bedroom

Average rent

$5,000

Last 30 days

Last year

15%

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.

Compare rent prices in Morristown, NJ to other cities

Median rent prices in Morristown, NJ for all bedroom counts and property types compared to Bernardsville, NJ.

Morristown

Median rent price$3,200

68%

higher than the national median

Median rent price$3,360

77%

higher than the national median

Takeaway

The median rent for all rentals in Morristown, NJ is 5% lower than the median rent in Bernardsville, NJ.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Bernardsville

$3,360

Last year

Dover

$2,287

14%

Last year

East Hanover

$3,542

Last year

Garwood

$2,500

23%

Last year

Livingston

$4,475

Last year

Maplewood

$2,850

Last year

North Plainfield

$2,250

16%

Last year

Parsippany Troy Hills

$3,000

N/A

Last year

Plainfield

$1,937

Last year

Summit

$3,000

10%

Last year

West Caldwell

$3,263

Last year

Westfield

$2,600

20%

Last year

Cost of living in
Morristown, NJ

The overall cost of living in Morristown, NJ is 10% higher than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.