Homes & Apartments for Rent in 07960

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What to Know About

Life in Morristown & Beyond

Morristown shares many of the great qualities that make New Jersey a desirable place to live.

New Jersey is known for its beaches along the Jersey Shore to some of the most iconic landmarks in the nation, such as the Liberty Bell, the Statue of Liberty, and Ellis Island. From the bustling streets of Newark to the picturesque shorelines of Cape May, New Jersey is a state unlike any other. Discover its dynamic culture and rich heritage by visiting iconic landmarks like Liberty State Park and the Ellis Island National Museum of Immigration. And for those seeking knowledge, New Jersey is home to renowned universities like Rutgers University and Princeton University.

Whether you're an outdoor enthusiast or a sports fan, New Jersey has plenty to offer, including the New York Giants (NFL), New York Jets (NFL), New Jersey Devils (NHL), and the New Jersey Nets (NBA). Enjoy the beautiful coastline by fishing, surfing, or sailing, and hit the slopes of nearby mountains. Make sure to visit famous attractions like the Atlantic City Boardwalk, the Camden Waterfront, and the historic town of Cape May.

A state that never stops moving, New Jersey is a melting pot of cultures, experiences, and opportunities waiting to be experienced, making it a great place to call home.

Rental Market Trends

Morristown, NJ

As of June 2026, Morristown's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Morristown's average rent is 8.5% ($208) higher than the New Jersey average of $2,449 and 47.9% ($860) higher than the U.S. average of $1,797.

Average Rent
$2,657
Monthly ChangeMonth Over Month Change
Increased0.8% ($22)
Yearly ChangeYear Over Year Change
Increased7.7% ($189)
Avg. Days on MarketAverage Days on Market
41
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,381 Decreased5.6% ($142) Decreased2.5% ($60)
2 Beds $3,052 Increased6% ($173) Decreased3.5% ($112)
3 Beds $4,108 Increased3.5% ($139) Decreased16.6% ($819)
Nearby Cities Average Rent Avg. Rent vs. MorristownAverage Rent vs. Morristown Avg. Days on MarketAverage Days on Market
Florham Park $3,088 Increased16.2% ($431) 36 days
Parsippany $2,093 Decreased21.2% ($564) 41 days
Denville $2,486 Decreased6.4% ($171) 42 days
New Providence $2,282 Decreased14.1% ($375) 47 days
Livingston $3,482 Increased31.1% ($825) 29 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Morristown Rental Market FAQs

Explore rental prices, market trends, and availability in Morristown, NJ.

The average rent in Morristown, NJ is $2,657 per month.
Homes in Morristown typically rent for between $1,667 and $5,340 per month, with an average of $2,657 per month.
In Morristown, the average rent for a 1-bedroom home is $2,381 per month, for a 2-bedroom home, $3,052 per month, and a 3-bedroom home is $4,108 per month.
The average rent in Morristown is 47.9% ($860) higher than the national average of $1,797 per month.
The average rent in Morristown has increased by 0.8% ($22) in the last month and increased by 7.7% ($189) over the past year.
The rental market in Morristown, NJ, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Morristown, NJ, the average rental stays on the market for approximately 41 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 12 rental properties available in Morristown, NJ.
Based on the current averages, a household would need an annual income of $122,080 to comfortably afford a 2-bedroom home in Morristown.
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