Rental Market Trends in Morristown, NJ

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The average rent in Morristown, NJ, as of June 2025, is approximately $1050 per month for all property types. Rent prices can vary depending on the neighborhood and the type of rental property. Rent prices are influenced by factors like neighborhood popularity, proximity to amenities, and the overall housing market trends in the city.

Market summary

Data is based on rental rates on sulekha.com. Last updated in June 2025.

Average Rental Price Over Time

How much has the average rent changed in Morristown, NJ?

The average rent for all property types is $1050,which is 0% increase compared to the previous year.

2023
2024

Occupied Housing Units in Morristown, NJ

Property

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Morristown, NJvs

$1050

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Neighborhood Rent Trends in Morristown, NJ

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Neighborhoods	Average rent
Bergen Hill, NJ	$1200

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FAQs

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What is the average rent in Morristown, NJ?

The average rent in Morristown, NJ is around $1050 per month. However, this can vary depending on the neighborhood, the size of the rental unit, and the property's condition. For example, rents are typically higher in desirable areas close to amenities and popular destinations. Larger apartments or homes with multiple bedrooms or modern amenities can also be more expensive. Keep these factors in mind when searching for a rental in Morristown, NJ.
How many rentals are available in Morristown, NJ?

Currently, there are 134 rental properties available in Morristown, NJ. This includes a variety of options such as apartments, condos, town homes, single-family homes, single rooms, shared rooms and pg accommodations catering to different budgets and preferences. So, if you're looking for a place to rent in Morristown, NJ, you have plenty of choices to explore!
What are the best neighborhoods to rent in Morristown, NJ?
If you're looking for budget-friendly neighborhoods in Morristown, NJ, consider these options:
- Bergen Hill: Average rent is $1200 per month.
- Western Slope: Average rent is $1100 per month.
These neighborhoods offer rental rates lower than the city's overall average, making them attractive options for renters.
What are the most affordable neighborhoods in Morristown, NJ?
The most expensive neighborhoods in Morristown, NJ are:
- Western Slope: Average rent is $1100 per month.
- Bergen Hill: Average rent is $1200 per month.
How much has the average rent changed in Morristown, NJ?

Over the past year, the average rent in Morristown, NJ have increased by approximately 0%, which translates to $87 per month. This change reflects shifting market trends and evolving housing demand in the area, impacting renters' costs and affordability.
How much has the rent in Morristown, NJ increased or decreased in the last month?

The Average rent price in Morristown, NJ for June 2025 is $1050, which is $68 less than in May.