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Rental market trends in Morristown, NJ

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Average Rent in Morristown, NJ

Average Rent in Morristown, NJ

Avg. RentAnnual Change
Studio - $1,725-20%
1 Bed - $2,550-5%
2 Beds - $5,465-5%
Last updated 6/12/2024

Average Apartment Cost in Morristown, NJ

The average rent for apartments in Morristown, NJ, is between $1,725 and $5,465 in 2024. For a studio apartment in Morristown, NJ, the average rent is $1,725. When it comes to 1-bedroom apartments, the average rent in Morristown, NJ, is $2,550. For a 2-bedroom apartment, the average rent is $5,465.

Apartment Rent Ranges in Morristown, NJ

Apartment PricesProportion
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How Other Cities Compare to Morristown, NJ

CityStudio Avg RentAnnual Change
New York$4,010-6%
Hoboken$3,470+74%
Jersey City$3,449-3%
Long Island City$3,322--
Brooklyn$3,313-10%
Weehawken$3,212-1%
Newark$2,6850%
Maplewood$2,432+10%
Queens$1,800+9%
Montclair$1,650+2%
Bronx$1,517-37%
City1 Bed Avg RentAnnual Change
New York$5,097-5%
Brooklyn$4,456+6%
Long Island City$4,269--
Jersey City$3,792-1%
Weehawken$3,703-5%
Hoboken$3,610+5%
Newark$2,542-5%
Queens$2,400+20%
Maplewood$2,305-7%
Montclair$2,249+5%
Bronx$1,767-31%
City2 Beds Avg RentAnnual Change
New York$6,992-8%
Long Island City$6,503--
Brooklyn$6,169+116%
Weehawken$5,826+2%
Jersey City$4,862-1%
Hoboken$4,469+5%
Maplewood$3,097+6%
Queens$2,800+12%
Montclair$2,575+7%
Newark$2,1000%
Bronx$2,0170%

Morristown, NJ Rent Trends

Studio1 Bed2 Beds
Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024Jun 2024
$2215$2262$2262$2142$2142$2142$1997$1997$1997$1997$1845$1795$1917
$2572$2597$2579$2560$2645$2620$2525$2562$2592$2565$2550$2550$2600
$4834$4679$4925$5052$4960$4741$4454$4099$4108$4445$5058$4874$4689
$1995$2000$2000$2005$2015$2025$2025$2035$2040$2050$2050$2060$2060

Nearby Listings

  • 30 Court property

    $4,925

    30 Court

    2 Beds • 2–2.5 Baths

    1265–2024 Sqft

    Available 7/3

  • The Metropolitan at 40 Park property

    $3,264+

    The Metropolitan at 40 Park

    Studio–2 Beds • 1–2 Baths

    699–1292 Sqft

    4 Units Available

  • Lindsley Arms Apartments property

    $1,705+

    Lindsley Arms Apartments

    1–3 Beds • 1–2 Baths

    780–1170 Sqft

    Contact for Availability

  • Blair House property

    $2,675

    Blair House

    Studio–2 Beds • 1–2 Baths

    1440 Sqft

    Available 8/30

  • Hamilton Court Apartments property

    $2,045+

    Hamilton Court Apartments

    Studio–2 Beds • 1–2 Baths

    Available 7/1

  • Chatham Hill property

    $2,494+

    Chatham Hill

    1–3 Beds • 1–2 Baths

    780–1190 Sqft

    8 Units Available