What's the average rent in Morristown, NJ?

Rental Market Trends in Morristown, NJ

SOURCE: TRULIA DATA

Rental market highlights

As of July 2026, the average rent in Morristown, NJ is $2,900 per month, which is 49% higher than the national average rent of $1,951 per month.

AVERAGE RENT

$2,900

-1.7%-$50 decrease month-over-month

0.0%No change year over year

AVAILABLE RENTALS

APARTMENTS

$2,900

HOUSES

$4,400

TOWNHOUSES

$2,200

As of July 2026, townhomes are the most affordable rental option in Morristown, NJ at $2,200 per month, while houses are the most expensive at $4,400 per month. Apartments average $2,900 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$2,500
2 Bedrooms	$3,425
3 Bedrooms	$3,842
4 Bedrooms	$4,500
All	$2,900

As of July 2026, the average rent for a 1 bedroom rental in Morristown, NJ is $2,500 per month, followed by $3,425 for a 2 bedroom rental, $3,842 for a 3 bedroom rental, and $4,500 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$2,200
2 Bedrooms	—
3 Bedrooms	$3,750
4 Bedrooms	$4,900
All	$2,200

As of July 2026, the average rent for a 1 bedroom townhome in Morristown, NJ is $2,200 per month, followed by $3,750 for a 3 bedroom townhome, and $4,900 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,550
2 Bedrooms	$3,475
3 Bedrooms	$3,600
4 Bedrooms	$4,500
All	$3,000

As of July 2026, the average rent for a 1 bedroom apartment in Morristown, NJ is $2,550 per month, followed by $3,475 for a 2 bedroom apartment, $3,600 for a 3 bedroom apartment, and $4,500 for a 4 bedroom apartment.