Morristown, NJ rental market

What is the average rent in Morristown, NJ?

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Last updated December 7, 2025

Rental market summary

The average rent for all bedrooms and all property types in Morristown, NJ is $3,046.

Average rent

$3,046

Month-over-month change

-$154

Year-over-year change

+$296

Available rentals

87

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $1,195 to $6,700.

Rent frequencies
Rent priceNumber of rental properties
$1,1001
$1,7001
$1,8002
$1,9004
$2,0001
$2,1002
$2,2003
$2,3005
$2,4007
$2,5006
$2,60011
$2,7007
$2,8002
$2,9001
$3,0005
$3,1006
$3,2007
$3,3002
$3,4003
$3,5006
$3,6005
$3,7003
$3,8002
$3,9003
$4,0003
$4,2001
$4,3004
$4,4006
$4,5004
$4,6001
$4,7001
$4,9001
$5,000+5

Average rent price over time

In the last year, rent has increased by $296 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$2,962$2,700
Feb$2,950$2,798
Mar$2,945$2,920
Apr$2,949$3,064
May$2,840$3,001
Jun$2,815$2,900
Jul$2,900$2,900
Aug$3,100$3,000
Sep$2,996$3,100
Oct$3,000$3,000
Nov$2,950$3,200
Dec$2,800$2,910

Market temperature

The Morristown, NJ rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in Morristown, NJ is 52% higher than the national average.

Morristown, NJvs.

$3,046

$2,000

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Frequently asked questions

1. What is the average rent in Morristown, NJ?

The average rent in Morristown, NJ is $3,046.

2. What is the average rent for a studio apartment in Morristown, NJ?

The average rent for a studio apartment in Morristown, NJ is $2,095 per month.

3. What is the average rent for a one-bedroom apartment in Morristown, NJ?

The average rent for a one-bedroom apartment in Morristown, NJ is $2,495 per month.

4. What is the average rent for a two-bedroom apartment in Morristown, NJ?

The average rent for a two-bedroom apartment in Morristown, NJ is $3,295 per month.

5. What is the average rent for a three-bedroom apartment in Morristown, NJ?

The average rent for a three-bedroom apartment in Morristown, NJ is $4,000 per month.

6. What is the average rent for a four-bedroom apartment in Morristown, NJ?

The average rent for a four-bedroom apartment in Morristown, NJ is $4,500 per month.

7. How much does it cost to rent a house in Morristown, NJ?

Houses in Morristown, NJ rent between $1,195 - $6,700 with an average rent of $3,046.

8. How has the rent in Morristown, NJ changed in the last year?

In the last year, the rent in Morristown, NJ increased by $296

9. How much has the rent in Morristown, NJ increased/decreased in the last month?

In the last month, the rent in Morristown, NJ decreased by $154

10. How many available rentals are there in Morristown, NJ?

There are currently 87 rentals available in Morristown, NJ.

11. How do rent prices in Morristown, NJ compare with the national average?

The average rent in Morristown, NJ is $3,046 — 52.3% higher the national average of $2,000.

Zip codes in Morristown, NJ