Rentometer, Inc. | Data as of 10/22/2025
Silver Lake, New Jersey offers a tight‑knit residential community with convenient access to the broader Morris County amenities. Nestled near the scenic Silver Lake Reservoir and just a short drive from downtown Morristown, the area blends suburban tranquility with easy commuter routes via NJ Transit and major highways. Residents enjoy a variety of local parks, boutique shops, and a vibrant dining scene that reflects the borough’s welcoming character.
The rental market in Silver Lake features a mix of housing options, including both single‑family homes and a range of apartment configurations. Studio apartments hover around the $2000 range, while one‑bedroom units often sit in the $2300 range, reflecting strong demand for comfortable, well‑located spaces. Larger two‑bedroom apartments typically command prices in the $2600 range, offering generous living areas for families or professionals seeking extra room. Throughout the community, modern amenities such as in‑unit laundry, updated kitchens, and pet‑friendly policies are common, catering to a diverse tenant base.
Beyond the apartments themselves, Silver Lake’s proximity to cultural attractions like the Morris Museum and the historic Greenwood Lake Trail enhances the quality of life for renters. With a blend of convenient transportation, recreational opportunities, and a friendly neighborhood atmosphere, the area remains an appealing choice for anyone looking to rent in the heart of New Jersey’s thriving suburban corridor.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,976 | $1,970 | $1,930 - $2,030 | $1,930 - $2,030 |
| Apartment | 1 Bedroom | $2,351 | $2,290 | $2,235 - $2,590 | $2,240 - $2,590 |
| Apartment | 2 Bedroom | $2,636 | $2,900 | $1,695 - $3,050 | $2,850 - $3,050 |
In the current period, the average rent in Silver Lake was
$1,977 for Studio,
$2,351 for 1 Bedroom, and
$2,636 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.