Average Rent in Morristown, NJ
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Morristown’s rental market blends historic charm with modern convenience, making it a sought‑after destination for both professionals and families. The downtown corridor, anchored by the iconic Morristown Green and a vibrant mix of boutique shops, cafés, and cultural venues, offers a lively backdrop for apartment living. Well‑connected transit options, including NJ Transit’s Morristown Line and easy access to I‑287, attract commuters who value a short ride into Manhattan while enjoying a suburban lifestyle. Neighborhoods such as the Riverdale section and the historic Lafayette Village provide a variety of housing styles, from sleek studio apartments to spacious multi‑bedroom homes, catering to diverse lifestyle needs.
Rental rates in Morristown reflect the area’s desirability, with studio apartments typically positioned in the $2200‑$2300 range, while larger two‑bedroom units and family homes often command rents in the $3800‑$5500 bracket. Prospective renters can choose from contemporary apartment complexes near the train station, as well as well‑maintained single‑family homes in quiet, tree‑lined streets of the surrounding suburbs. Proximity to top‑rated schools, the Morristown National Historical Park, and a thriving local dining scene further enhance the appeal of this dynamic New Jersey city, solidifying its reputation as a premier rental market in the region.
Morristown Rent by Property Type & Bedroom Count
Averages, medians, and ranges across recent rental listings
| Property Type | Bedrooms | Average | Median | Min – Max | 25th – 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $2,001 | $1,925 | $1,195 – $3,296 | $1,850 – $2,350 |
| Apartment | 1 Bedroom | $2,590 | $2,549 | $1,100 – $3,450 | $2,300 – $2,921 |
| Apartment | 2 Bedroom | $3,723 | $3,528 | $295 – $8,395 | $3,000 – $4,325 |
| Apartment | 3 Bedroom | $4,207 | $3,700 | $3,500 – $6,300 | $3,650 – $3,885 |
| House | 3 Bedroom | $4,650 | $4,400 | $3,200 – $6,500 | $3,650 – $6,000 |
| House | 4+ Bedroom | $5,002 | $5,150 | $1,925 – $6,750 | $4,800 – $5,500 |
Current rent in Morristown (all property types): Studio $2,002, 1 Bedroom $2,577, 2 Bedroom $3,700, 3 Bedroom $4,492, 4+ Bedroom $4,902.
Map of Town of Morristown
Outlined area shows the city boundary. Shaded regions show where rentals cluster.
About this data
Rent statistics, listings analysis, and visualizations on this page are produced by Rentometer, Inc.
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