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 3% in the last month and have increased by 2% 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 $3,009. A 1-bedroom apartment in Morristown, NJ costs about $2,852 on average, while a 2-bedroom apartment is $3,295. Houses for rent in Morristown, NJ are more expensive, with an average monthly cost of $3,500.


1 bedroom	$2,700	2%	5%
2 bedroom	$3,295	2%	1%
3 bedroom	$3,987	No Change	1%
4 bedroom	$5,250	3%	16%
Studio	$2,300	2%	14%


Apartments	$3,009	2%	No Change
Condos	$2,850	4%	No Change
Houses	$3,500	No Change	No Change

Studio

Average rent

$2,300

Last 30 days

Last year

14%

1 bedroom

Average rent

$2,700

Last 30 days

Last year

2 bedroom

Average rent

$3,295

Last 30 days

Last year

3 bedroom

Average rent

$3,987

Last 30 days

No Change

Last year

4 bedroom

Average rent

$5,250

Last 30 days

Last year

16%

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$3,074

62%

higher than the national median

Median rent price$3,375

78%

higher than the national median

Takeaway

The median rent for all rentals in Morristown, NJ is 9% 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

$3,375

19%

Last year

Dover

$2,200

Last year

East Hanover

$3,348

Last year

Garwood

$3,200

21%

Last year

Livingston

$4,400

Last year

Maplewood

$2,757

Last year

North Plainfield

$2,282

Last year

Parsippany Troy Hills

$3,000

N/A

Last year

Plainfield

$1,912

Flat

Last year

Summit

$3,800

Last year

West Caldwell

$3,400

Last year

Westfield

$2,403

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.