Apartments in Morristown

1 - 8 of 8 Results
14
3D Tour
$3,073 - 10,436
40 Market St Morristown, NJ
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Covered Parking
10
$2,250 - 2,875
114 Franklin St Morristown, NJ
1 - 2 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
41
$2,328 - 4,501
55 Prospect St. Morristown, NJ
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
52
$2,444 - 5,561
44 Prospect Street Morristown, NJ
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Section 8
Covered Parking
2
$3,115 - 3,275
45 Market St Morristown, NJ
1 BR | Apr. 22, 2024
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Dog Friendly
Cat Friendly
Storage
Disability Access
1
$2,300 - 2,350
35 Flagler and MLK Ave. Morristown, NJ
1 BR | Available Now
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Cat Friendly
Air Conditioning
Surface Parking
Storage
Disability Access
16
$4,350
Morristown, NJ
3 BR | Apr. 8, 2024
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House
Storage
Dishwasher
$2,495 - 3,295
21 Mt. Kemble Avenue Morristown, NJ
1 - 2 BR | Available Now
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1 - 8 of 8 Results
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How much does it cost to rent an apartment in Morristown?

Morristown Apartments
Bed Type Average Rent Range
Studio $3,230 $3,230 - $3,230
1BR $2,830 $2,310 - $3,620
2BR $3,760 $2,980 - $4,540
3BR $4,350 $4,350 - $4,350

Search Cities Near Morristown, NJ

Morristown:
March Rent Report

Welcome to the March 2024 Morristown Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Morristown rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Morristown and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Morristown average rent prices in the chart below.

Monthly Rent Report

$3,750
$2,810
$1,880
$940
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Morristown Rent Prices Increase From February to March

Morristown rent prices increased over the last month. From February to March, the city experienced a 1.21% increase for the price of a one-bedroom apartment. The rent price for a Morristown one-bedroom apartments currently stands at $2,587.0.

When we take a look at the two-bedroom comparison from February to March, Morristown experienced a -1.07% decrease for the price of a two-bedroom apartment. The rent price for a Morristown two-bedroom apartments currently stands at $3,333.0.

March Prices: Morristown vs. Surrounding Areas

Rent Prices in Morristown and Surrounding Areas

Rent prices have increased in Morristown over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Morristown suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Morristown suburbs

  • Rents did not decrease in any of the Morristown suburbs.

March 2024 Pricing Trends: Morristown vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Morristown Rent Prices More Affordable Than Major Cities

Rent growth in Morristown over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Morristown average rent prices appear to be relatively affordable for local residents.

The price for a Morristown one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Morristown and surrounding area rent prices, take a look at the complete data set below.

Data set for Morristown and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.