Rentometer, Inc. | Data as of 10/23/2025
Morristown’s rental market offers a dynamic mix of apartments and single‑family homes that cater to a wide range of lifestyles. Studio apartments are typically found in the $2,200 range, while one‑bedroom units often rent in the $2,600 bracket, providing convenient options for young professionals and couples. Larger apartments, such as two‑bedrooms, hover around the $3,800 range and three‑bedrooms near the $3,700 level, delivering ample space for families seeking proximity to downtown amenities.
For those preferring the privacy of a house, two‑bedroom homes generally command rents in the $3,700‑$4,200 range, and three‑bedroom properties align closely with the $3,800‑$4,000 spectrum. Larger four‑plus bedroom residences are positioned in the $5,500 range, reflecting the premium associated with spacious living in this historic city. These price points underscore Morristown’s reputation as a desirable rental destination within New Jersey.
The city’s charm is amplified by its vibrant downtown, home to the iconic Morristown Green, cultural venues like the Mayo Performing Arts Center, and a variety of boutique shops and eateries. Neighborhoods such as Hanover Township and the historic Lafayette Section provide additional rental options, each offering easy access to commuter rail, major highways, and top‑rated schools. Whether you’re drawn to the lively urban core or the tranquil suburbs, Morristown’s rental landscape delivers a blend of convenience, character, and quality of life that appeals to renters across the region.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $2,283 | $2,127 | $1,875 - $3,296 | $2,010 - $2,675 |
| Apartment | 1 Bedroom | $2,618 | $2,599 | $610 - $3,785 | $2,394 - $2,954 |
| Apartment | 2 Bedroom | $3,864 | $3,527 | $810 - $10,000 | $3,112 - $4,450 |
| Apartment | 3 Bedroom | $3,776 | $3,650 | $3,350 - $4,500 | $3,500 - $4,049 |
| House | 2 Bedroom | $4,150 | $3,750 | $3,200 - $5,500 | $3,200 - $5,500 |
| House | 3 Bedroom | $3,800 | $3,900 | $3,500 - $4,000 | $3,500 - $4,000 |
| House | 4+ Bedroom | $5,341 | $5,225 | $4,000 - $6,850 | $4,750 - $6,000 |
In the current period, the average rent in Morristown was $2,284 for Studio, $2,619 for 1 Bedroom, $3,877 for 2 Bedroom, $3,783 for 3 Bedroom, and $5,008 for 4+ Bedroom.
Data provided by Rentometer, Inc.