What's the average rent in Morristown, NJ?

Rental Market Trends in Morristown, NJ

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Morristown, NJ is $3,100 per month, which is 58% higher than the national average rent of $1,962 per month.

AVERAGE RENT

$3,100

5.1%$150 increase month-over-month

0.7%$22 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$3,174

HOUSES

$4,850

TOWNHOUSES

$3,850

As of August 2026, apartments are the most affordable rental option in Morristown, NJ at $3,174 per month, while houses are the most expensive at $4,850 per month. Townhomes average $3,850 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$2,475
2 Bedrooms	$3,350
3 Bedrooms	$3,825
4 Bedrooms	$4,925
All	$3,100

As of August 2026, the average rent for a 1 bedroom rental in Morristown, NJ is $2,475 per month, followed by $3,350 for a 2 bedroom rental, $3,825 for a 3 bedroom rental, and $4,925 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$2,200
2 Bedrooms	$3,850
3 Bedrooms	$5,000
4 Bedrooms	$4,000
All	$3,850

As of August 2026, the average rent for a 1 bedroom townhome in Morristown, NJ is $2,200 per month, followed by $3,850 for a 2 bedroom townhome, $5,000 for a 3 bedroom townhome, and $4,000 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,600
2 Bedrooms	$3,100
3 Bedrooms	$3,000
4 Bedrooms	$4,950
All	$3,000

As of August 2026, the average rent for a 1 bedroom apartment in Morristown, NJ is $2,600 per month, followed by $3,100 for a 2 bedroom apartment, $3,000 for a 3 bedroom apartment, and $4,950 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,475
3 Bedrooms	$4,850
4 Bedrooms	$5,350
All	$4,850

As of August 2026, the average rent for a 2 bedroom house in Morristown, NJ is $1,475 per month, followed by $4,850 for a 3 bedroom house, and $5,350 for a 4 bedroom house.