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 remained the same in the last month and have decreased by 7% 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 $2,850. A 1-bedroom apartment in Morristown, NJ costs about $2,595 on average, while a 2-bedroom apartment is $3,250. Houses for rent in Morristown, NJ are more expensive, with an average monthly cost of $3,725.


1 bedroom	$2,450	4%	2%
2 bedroom	$3,272	3%	7%
3 bedroom	$4,250	7%	4%
4 bedroom	$5,600	3%	9%
Studio	$2,300	7%	26%


Apartments	$2,850	4%	No Change
Condos	$3,450	4%	No Change
Houses	$3,725	4%	No Change

Studio

Average rent

$2,300

Last 30 days

Last year

26%

1 bedroom

Average rent

$2,450

Last 30 days

Last year

2 bedroom

Average rent

$3,272

Last 30 days

Last year

3 bedroom

Average rent

$4,250

Last 30 days

Last year

4 bedroom

Average rent

$5,600

Last 30 days

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.

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$2,900

49%

higher than the national median

Median rent price$2,740

41%

higher than the national median

Takeaway

The median rent for all rentals in Morristown, NJ is 6% higher 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

$2,740

Last year

Dover

$2,297

Flat

Last year

East Hanover

$3,500

Last year

Garwood

$2,640

41%

Last year

Livingston

$3,950

Last year

Maplewood

$2,570

Last year

North Plainfield

$2,910

44%

Last year

Parsippany Troy Hills

$3,400

Last year

Plainfield

$1,875

Last year

Summit

$3,000

Last year

West Caldwell

$3,437

Last year

Westfield

$3,500

13%

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.