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Homes & Apartments for Rent in Morristown, NJ

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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

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As of October 2026, Morristown's rental market is stable, with rentals spending about 29 days on the market, about the same as in New Jersey (30), and rents down 2.9% over the past year. Morristown's average rent is 22.7% ($592) higher than the New Jersey average of $2,606 and 53.6% ($1,116) higher than the U.S. average of $2,082.

Average Rent
$3,198
Monthly ChangeMonth Over Month Change
Decreased0.36% ($12)
Yearly ChangeYear Over Year Change
Decreased2.9% ($94)
Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,848 Decreased0.22% ($6) Decreased0.8% ($22)
2 Beds $3,685 Decreased0.51% ($19) Decreased5.1% ($197)
3 Beds $4,430 Decreased0.78% ($35) Decreased9.9% ($485)
Nearby Cities Average Rent Avg. Rent vs. MorristownAverage Rent vs. Morristown Days on Market
Cedar Knolls $3,128 Decreased2.2% ($70) 28 days
Morris Plains $3,021 Decreased5.5% ($177) 28 days
Florham Park $3,559 Increased11.3% ($361) 28 days
Whippany $3,232 Increased1.1% ($34) 28 days
Parsippany $2,387 Decreased25.4% ($811) 28 days
Based on rentals advertised on RentalSource in and around Morristown.
Frequently Asked Questions
Morristown Rental Market FAQs

Explore rental prices, market conditions, and affordability in Morristown, NJ.

The average rent in Morristown, NJ is about $3,198 per month.
In Morristown, the average rent is $2,848 per month for a 1-bedroom home, about $3,685 for a 2-bedroom home and about $4,430 for a 3-bedroom home.
The average rent in Morristown is 53.6% ($1,116) higher than the national average of $2,082 per month.
The rental market in Morristown, NJ is currently stable, with rentals spending about 29 days on the market, about the same as in New Jersey (30), and rents down 2.9% over the past year.
Based on the current averages, a household would need an annual income of about $147,400 to comfortably afford a 2-bedroom home in Morristown.
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