155

Newest Homes for Rent in Morristown, NJ

Section Image
  • /16

    Starting at $2,666 Per Month

    • 1 - 2 Beds

    10 Lafayette Ave, Morristown, NJ 07960

    Located in the heart of Morristown and adjacent to the Morristown Train Station at the intersection of Morris Street and Lafayette Avenue, Sofi at Morristown Station is the ultimate choice in apartment home living. This exceptional community includes a clubroom, landscaped deck & pool, fitness center, conference room and a yoga studio. Entertaining, dining, shopping and the train station is just

    Sofi at Morristown Station

    (862) 217-5791

    10 Lafayette Ave, Morristown, NJ 07960
  • /47

    Starting at $2,195 Per Month

    • Studio - 2 Beds

    21 Mount Kemble Ave, Morristown, NJ 07960

    Five story elevator high rise, 1 block to Green and square. All units are completely remodeled with hardwood floors, new windows, ceramic tile bathrooms, 6" wood moldings, new interior doors and new electrical outlets. Kitchen is either oak or light shaker cabinets, with ceramic or vinyl tile floors. Quartz counters. Appliances include new refrigerator, range, dishwasher and microwave. Color is

    Heritage House

    (855) 976-2526

    21 Mount Kemble Ave, Morristown, NJ 07960
  • /40

    Starting at $2,752

    Total Monthly Price

    • 1 - 2 Beds

    11 Cattano Ave, Morristown, NJ 07960

    Chancery Square Apartments in Morristown, NJ combines superior amenities with the perfect location to create the ultimate in sophisticated living. Our newly renovated apartment homes feature everything you need to settle in and get comfortable, including gourmet kitchens with stainless steel appliances, in-home washers and dryers, and hardwood floors. We’re within walking distance to a selection

    Chancery Square

    (862) 325-9142

    11 Cattano Ave, Morristown, NJ 07960
  • /23

    Starting at $2,469 Per Month

    • 1 - 3 Beds

    18-23 Max Dr, Morristown, NJ 07960

    3D Virtual Walkthrough tour available - For comfort and luxury just minutes from downtown Morristown, NJ, there is no better place to call home than Morris Crossing. Our beautiful community features one, two, and three bedroom residences with modern kitchens and bathrooms complete with smart home technology ( Nest doorbell and thermostat.) Whether you're taking the train or commuting to New

    Morris Crossing Townhouses

    (908) 860-9503

    18-23 Max Dr, Morristown, NJ 07960
  • /39

    Starting at $2,375 Per Month

    • 1 - 2 Beds

    34 Hill St, Morristown, NJ 07960

    Morris-Hill Apartments is a twenty-six (26) unit, three (3) story upscale residential apartment complex located at 34 Hill Street, Morristown, New Jersey (the “Property”). The complex is situated on impeccably landscaped grounds with thirty-three (33) on-site parking spaces. The Property is ideally located on a residential street within walking distance to the NJ Transit train station (direct

    Morris-Hill Apartments

    (862) 263-7048

    34 Hill St, Morristown, NJ 07960
  • /33

    Starting at $1,900 Per Month

    • Studio - 2 Beds

    30 Elm St, Morristown, NJ 07960

    Elmwood Gardens is a thirty-four (34) unit residential garden apartment complex located at 30 Elm Street, Morristown, New Jersey (the “Property”). The complex is situated on impeccably landscaped grounds with thirty-six (36) on-site parking spaces. The Property is ideally located within walking distance to the NJ Transit train station (direct service to Manhattan), exclusive South Street shopping

    Elmwood Gardens

    (862) 465-9705

    30 Elm St, Morristown, NJ 07960
  • /35

    Starting at $2,625 Per Month

    • Studio - 2 Beds

    45 Market St, Morristown, NJ 07960

    Welcome Home to 45 Market.New Rental Residences in Morristown.Contextual, elegant and integrated with its surroundings, 45 Market is a bold addition to historic central Morristown, raising the bar on understated luxury rental residences.Entrance + LobbyDrawing inspiration from the surrounding neighborhood, 45 Market’s distinctive skylit lobby welcomes residents with a rich

    Forty Five Market

    (862) 397-7036

    45 Market St, Morristown, NJ 07960
  • /41

    Starting at $2,533 Per Month

    • 1 - 2 Beds

    55 Prospect St, Morristown, NJ 07960

    Live with refinement in sophisticated studio, one-, two-, and three-bedroom Morristown apartments, lofts, and townhomes at Modera 55, with stunning amenities for a perfect night in, or your work-from-home lifestyle. Open inviting floor plans feature soaring nine-foot ceilings and floor-to-ceiling windows let in an abundance of natural light. Chef-inspired kitchen calls out to aspiring cooks with

    Modera 55

    (833) 685-1440

    55 Prospect St, Morristown, NJ 07960
  • /50

    Starting at $4,995 Per Month

    • 2 Beds

    30 Court St, Morristown, NJ 07960

    Congratulations... You have arrived at 30 Court.A boutique community of just 58 stunning new luxury apartment homes that live like single-family residences.A once-in-a-lifetime opportunity to command the lifestyle of your dreams and a location at the height of Morristown.Floorplans featuring up to 2,000 square feet of amazing indoor and outdoor living space. Every detail

    30 Court Street Apartments

    (908) 860-9658

    30 Court St, Morristown, NJ 07960
  • /18

    Starting at $2,155 Per Month

    • Studio - 2 Beds

    232 South St, Morristown, NJ 07960

    Just thirty miles west of New York City, nestled in the heart of historic Morristown, you'll find Hamilton Court Apartments - minutes from downtown shopping, world-class entertainment venues and nearly one hundred restaurants serving every type of cuisine imaginable. Hamilton Court is easily accessible via I-287, Highway 202, Route 24, I-80, and I-78. In addition, New Jersey Transit's Midtown

    Hamilton Court Apartments

    (908) 795-8459

    232 South St, Morristown, NJ 07960
  • /17

    Starting at $3,200 Per Month

    • 1 - 2 Beds

    22 Schuyler Place, Morristown, NJ 07960

    NOW OFFERNG 1 MONTH FREE ON 13 MONTH LEASE AND A $500 SECURITY DEPOSIT!! Welcome to Schuyler Lofts! Schuyler Lofts in Morristown, New Jersey is an exclusive residential complex featuring exquisite amenities. The building boasts 26 luxurious 1- and 2-bedroom units, each fitted with high-end appliances, providing tenants with modern-day living comfort. The wellness center of the complex offers a

    Schuyler Lofts

    (973) 490-4138

    22 Schuyler Place, Morristown, NJ 07960
  • /35

    Starting at $2,095 Per Month

    • Studio - 2 Beds

    218 South St, Morristown, NJ 07960

    Just thirty miles west of New York City, nestled in the heart of historic Morristown, you'll find Blair House Apartments - minutes from downtown shopping, world-class entertainment venues and nearly one hundred restaurants serving every type of cuisine imaginable. Blair House is easily accessible via I-287, Highway 202, Route 24, I-80, and I-78. In addition, New Jersey Transit's Midtown Direct

    Blair House

    (862) 701-4264

    218 South St, Morristown, NJ 07960
  • /55

    Starting at $2,275 Per Month

    • 1 - 3 Beds

    24 Farmhouse Ln, Morristown, NJ 07960

    Visit beautiful Olde Forge East Town Homes in historic Morris Township. Spacious floor plans with updated kitchens and beautiful hardwood floors are just a few of the many great features. Pet friendly!

    Olde Forge East Townhouses

    (877) 606-4639

    24 Farmhouse Ln, Morristown, NJ 07960
  • /44

    Starting at $2,775 Per Month

    • 1 - 2 Beds

    30 Cattano Ave, Morristown, NJ 07960

    Our Morristown apartments for rent offer its residents tranquility, luxury, and convenience. Unwind in one of our community amenities including a on-site fitness center, beautifully landscaped botanical garden, rooftop deck, and outdoor barbecue patio. Explore one of our newly renovated, open concept floor plans with high-end finishes and deluxe features. Our convenient location next to The Green

    The Monroe Morristown

    (908) 860-8370

    30 Cattano Ave, Morristown, NJ 07960
  • /41

    Starting at $3,675 Per Month

    • 2 Beds

    85 Martin Luther King Ave, Morristown, NJ 07960

    MOVE-IN SPECIAL -CALL FOR DETAILS ! DONT MISS THIS OPPORTUNITY *** Welcome to The Flats @ 85 in Morristown, NJ! Our apartments offer a range of amenities to enhance your living experience. Enjoy the convenience of a 24-hour emergency line, a sprinkler system for added safety, and a smart apartment security package for peace of mind. The stainless steel appliances and quarts countertops

    The Flats @ 85

    (862) 217-5376

    85 Martin Luther King Ave, Morristown, NJ 07960
  • /2

    $2,750 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    50 South St Unit 304, Morristown, NJ 07960

    LOCATED ABOVE THE ROMANTIC BYOB PAVESAI RESTAURANT KNOWN FOR IT'S LITTLE ITALY VIBE OFFERING FLAVORFUL FRESH ITALIAN CUISINE, INCLUDES A SEPARATE PARKING LOCATION and the convenience of living directly on the Morristown Green with the benefit of a highly walkable, amenity-rich urban lifestyle in the heart of New Jersey. Residents enjoy immediate access to over 150 bars and restaurants, boutique

    Jo Ann Hesse WEICHERT REALTORS

    50 South St Unit 304, Morristown, NJ 07960
  • /2

    $2,200 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    2 South St Unit 18, Morristown, NJ 07960

    BEAUTIFUL VIEW OF THE MORRISTOWN GREEN, INCLUDES A SEPARATE PARKING LOCATION and the convenience of living directly on the Morristown Green with the benefit of a highly walkable, amenity-rich urban lifestyle in the heart of New Jersey. Residents enjoy immediate access to over 150 bars and restaurants, boutique shopping, parks, and direct NJ Transit train service to New York. COMMUTER FRIENDLY:

    Jo Ann Hesse WEICHERT REALTORS

    2 South St Unit 18, Morristown, NJ 07960
  • /18

    $2,550 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    25 Atno Ave Unit 2, Morristown, NJ 07960

    Welcome home to this 1BR gem in downtown Morristown! Enter through the shared enclosed porch and head upstairs to the landing outside the main living space. Walk straight ahead and you'll find the upgraded kitchen with newer stainless-steel appliances, granite countertops, and a peninsula with space for seating and storage. An in-unit laundry room, complete with wash and dryer, is conveniently

    JENNIFER KOO CHRISTIE'S INT. REAL ESTATE GROUP

    25 Atno Ave Unit 2, Morristown, NJ 07960
  • /10

    $2,300 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    249 Speedwell Ave, Morristown, NJ 07960

    Welcome to this beautifully renovated first-floor unit in the heart of Morristown! This spacious apartment features one bedroom plus an additional room perfect for a home office, guest room, or flex space. Enjoy luxury vinyl flooring throughout, a bright eat-in kitchen with brand-new stainless-steel appliances, an in-unit washer and dryer, and new split AC/heating units in every room.

    Genesis Garcia WEICHERT REALTORS

    249 Speedwell Ave, Morristown, NJ 07960
  • /7

    $3,500 Per Month

    • 3 Beds
    • 1 Bath
    • Apartment for Rent

    34 Sussex Ave Unit b, Morristown, NJ 07960

    Updated 3 Bedroom In Desirable Morristown!!! Detached Garage, Newer Flooring & More!! Great Rental!!! Must See!

    Christopher Bruscino REALTY EXECUTIVES EXCEPTIONAL

    34 Sussex Ave Unit b, Morristown, NJ 07960
  • /29

    $6,500 Per Month

    • 5 Beds
    • 3.5 Baths
    • 2,000 Sq Ft
    • Townhouse for Rent

    90 Chestnut St Unit B, Morristown, NJ 07960

    Rare opportunity to lease a newly reconstructed luxury residence offering the size and functionality of a single-family home while enjoying the flexibility of a side-by-side duplex configuration. Available July 1.This expansive 5-bedroom, 3.5-bath residence has been finished with high-end materials and modern systems throughout. The thoughtfully designed floor plan provides generous living

    EVGENY ONISHKEVICH WEICHERT REALTORS

    90 Chestnut St Unit B, Morristown, NJ 07960
  • /25

    $4,500 Per Month

    • 3 Beds
    • 3.5 Baths
    • 1,530 Sq Ft
    • Townhouse for Rent

    90 Chestnut St Unit A, Morristown, NJ 07960

    Welcome to a newly reconstructed luxury residence in one of Morristown's most desirable and walkable locations. Available July 1, this exceptional 3-bedroom, 3.5-bath side-by-side townhouse-style home offers the comfort, efficiency, and quality of modern construction combined with the convenience of downtown living.Thoughtfully designed with high-end finishes throughout, the home features an

    EVGENY ONISHKEVICH WEICHERT REALTORS

    90 Chestnut St Unit A, Morristown, NJ 07960
  • /29

    $6,500 Per Month

    • 4 Beds
    • 4 Baths
    • House for Rent

    4 Copperfield Way, Morristown, NJ 07960

    Welcome to 4 Copperfield Way, a beautifully maintained four bedroom, three full and one half bathroom home in one of Morris Township's most desirable neighborhoods. This home blends comfort, functionality, and lifestyle with thoughtfully designed spaces that support everyday living. The spacious eat-in kitchen features a wood-burning fireplace, abundant cabinetry, and direct access to the patio,

    4 Copperfield Way, Morristown, NJ 07960
  • /9

    $1,995 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    37 Hill St Unit C8, Morristown, NJ 07960

    Beautifully updated studio in sought-after Tempe Wick Condos! This bright, top-floor unit features a newer kitchen with quartz countertops, tile backsplash, stainless steel appliances, and a breakfast bar perfect for casual dining. The renovated bathroom showcases stylish sea-glass subway tile, while laminate flooring runs throughout the space. Enjoy abundant natural light and the privacy of

    PRISCILLA ELMS WEICHERT REALTORS CORP HQ

    37 Hill St Unit C8, Morristown, NJ 07960
  • /10

    $2,400 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    125 Washington St Unit A, Morristown, NJ 07960

    Don't miss this recently updated first-floor 1-bedroom, 1-bath apartment in a fantastic Morristown location! Enter through the back of the house, once inside you will find a bright and spacious apartment with tons of natural light. The newly renovated eat-in kitchen featuring stainless steel appliances, extra cabinetry for storage, and direct access to the rear parking area. The updated full

    JANE SCHELLING COLDWELL BANKER REALTY

    125 Washington St Unit A, Morristown, NJ 07960
  • /7

    $2,300

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 540 Sq Ft
    • Condo for Rent

    50 Elm St Unit 4A, Morristown, NJ 07960

    Corner unit! Air conditioned 1 bedroom, 1 bathroom apartment on 2nd floor with off-street parking, laundry in building.Ideal location with an easy walk to both train and town, 1 minute drive to 287.Available 8/1.Rent includes heat, hot water, water, sewer, and trash. No broker fee - you save up front.

    50 Elm St Unit 4A, Morristown, NJ 07960
  • /18

    $3,900 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    42 Olyphant Dr, Morristown, NJ 07960

    Charming and beautifully updated 3-bedroom, 2-bath single-family home located on a quiet residential street just minutes from downtown Morristown and the NYC Direct Train. Recently renovated, this home seamlessly blends classic character with modern conveniences, featuring hardwood floors, exposed brick accents, updated lighting, and a thoughtfully designed floor plan.The renovated kitchen offers

    Michael Parker KELLER WILLIAMS METROPOLITAN

    42 Olyphant Dr, Morristown, NJ 07960
  • /11

    $2,850 Per Month

    • 1 Bed
    • 1.5 Baths
    • Condo for Rent

    9 Prospect St Unit 103, Morristown, NJ 07960

    Spacious and conveniently located 1-bedroom apartment in the heart of Morristown! This well-maintained unit features in-unit laundry, central heat and air conditioning, and modern finishes throughout. Parking available. Tenant responsible for all utilities. Enjoy easy access to shops, dining, and transportation just minutes away!

    Dominic Maida BRIGHT STAR REALTY & RENTALS LLC

    9 Prospect St Unit 103, Morristown, NJ 07960
  • /37

    $9,500 Per Month

    • 6 Beds
    • 5.5 Baths
    • House for Rent

    32 E Main St, Morristown, NJ 07960

    Superb, extra large 6+ bedroom rental opportunity in Brookside section of Mendham Township, just 5.6 miles from Morristown green! This modern home offers all conveniences - stylish kitchen with professional gas range, s/s appliances, 3 ovens; updated baths, sumptuous freestanding tub in primary bath; natural gas backup generator and 4 garage spaces, surrounded by greenery and country life. 6

    Marie Tripaldi STATION CITIES

    32 E Main St, Morristown, NJ 07960
  • /16

    $3,500 Per Month

    • 2 Beds
    • 2 Baths
    • Condo for Rent

    61 Mt Kemble Ave Unit 308, Morristown, NJ 07960

    Immaculately kept 2 bed 2 bath condo minutes from the Morristown Green! This bright, spacious unit features an open floor plan for seamless entertaining, and a modern kitchen with stainless steel appliances, and gleaming hardwood floors.Enjoy the convenience of in-unit laundry and a primary bedroom with ensuite bath. Located in a secure elevator building with a welcoming lobby, plus plenty

    61 Mt Kemble Ave Unit 308, Morristown, NJ 07960
  • /20

    $2,400

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 9,999 Sq Ft
    • Condo for Rent

    82 Maple Ave Unit A, Morristown, NJ 07960

    Perfectly located just moments from vibrant downtown Morristown! This charming 1 bedroom, 1 bathroom rental offers convenience, character and comfort all in one. Enjoy being close to restaurants, shops, nightlife, train and more! Inside you'll find a spacious living room filled with natural light, a nice size bedroom featuring double closets and an eat in kitchen with plenty of cabinetry and

    82 Maple Ave Unit A, Morristown, NJ 07960
  • /2

    $1,975 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    105 Pitney Place, Morristown, NJ 07960

    One bedroom condo with hardwood floors, renovated bathroom, newer kitchen sink and countertop. Loads of closet space! Great location. 1 mile to train station and close to downtown Morristown with an abundance of shops and restaurants. Wonderful community. Pool! Back door access to reserved parking spot. Rent includes heat and hot water.

    105 Pitney Place, Morristown, NJ 07960
  • /14

    $3,300 Per Month

    • 3 Beds
    • 2 Baths
    • Apartment for Rent

    81 Western Ave, Morristown, NJ 07960

    This is a classic Victorian layout! That third-floor suite sounds like a massive selling point it's essentially a private retreat within the apartment.Victorian Elegance Meets Modern Comfort - 3 BR 2 BA 1,400 Sq. Ft. Multi-Level Living. Experience the perfect blend of Old World charm and spacious living in this two-story apartment. Occupying the 2nd and 3rd floors of a grand Victorian home, this

    Joanne Lagno BHHS FOX & ROACH

    81 Western Ave, Morristown, NJ 07960
  • /21

    $2,900 Per Month

    • 1 Bed
    • 1 Bath
    • House for Rent

    39 Wetmore Ave Unit A, Morristown, NJ 07960

    Step onto the inviting front porch and enter the main front door to this Architectural 1 bedroom apartment in a charming Victorian-style house. Meticulously cared for, it has a spacious foyer area, HW floors, newer carpet, energy efficient windows, plenty of closet and storage space and a new roof. There is a 1st floor living room/dining room combo and a kitchen with a newer gas range/oven. On

    LEONA DANIELS WEICHERT REALTORS

    39 Wetmore Ave Unit A, Morristown, NJ 07960
  • /2

    $4,700 Per Month

    • 3 Beds
    • 2.5 Baths
    • Apartment for Rent

    18 Mendham Ave, Morristown, NJ 07960

    Spacious 3 bedroom, 2.5 bath house (bedrooms all nice sizes) situated in front of Burnham Park! Relax on the large deck or entertain while overlooking the pond. Dining room with an additional bonus room on the first floor (can possibly be 4th bedroom). Hardwood floors on the first floor, carpet upstairs. Master bedroom has private bathroom with tons of closet Space. Powder room on first floor for

    RONDA MARIE TOLLIVER TOLLIVER REALTY GROUP LLC

    18 Mendham Ave, Morristown, NJ 07960
  • /27

    $5,400 Per Month

    • 3 Beds
    • 2.5 Baths
    • Townhouse for Rent

    11 Windmill Dr, Morristown, NJ 07960

    Bright and sunny, recently renovated end-unit 3 Bedroom, 2.5 bath townhome with oversized 2-car garage. The light-filled, open-concept main level showcases an easy flow from dining room to spacious 2-story family room with wood burning fireplace. The kitchen has all new cabinets, coffee bar area, quartz countertops with undercabinet lighting and all stainless steel high-end appliances that

    A. GREGORY RAO COLDWELL BANKER REALTY

    11 Windmill Dr, Morristown, NJ 07960
  • /24

    $2,900 Per Month

    • 1 Bed
    • 1 Bath
    • House for Rent

    39 Wetmore Ave Unit B, Morristown, NJ 07960

    Move right into this newly Architecturally updated, very bright 1 bedroom apartment in a charming Victorian-style house. Meticulously cared for, it has modern updates and appliances, HW floors, new carpet, energy efficient windows, plenty of closet and storage space and a new roof. This 2nd floor apt has a kitchen, dining room with balcony and living room with high ceilings. As you venture to the

    LEONA DANIELS WEICHERT REALTORS

    39 Wetmore Ave Unit B, Morristown, NJ 07960
  • /17

    $3,750 Per Month

    • 1 Bed
    • 1.5 Baths
    • Condo for Rent

    40 W Park Place Unit 204, Morristown, NJ 07960

    All utilities included except cable and internet in this Luxurious 1bed/1.5bath plus den located in the heart of Morristown. Steps from the Green, South Street and all the shopping, dining, and nightlife it has to offer. The kitchen features granite counter tops, stainless steel appliances and a breakfast bar. Spacious bedroom with ensuite full bath and custom walk-in closet. One of only four

    DOUGLAS MARRA WEICHERT REALTORS

    40 W Park Place Unit 204, Morristown, NJ 07960
  • /19

    $2,600 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    30 Sussex Ave Unit 1, Morristown, NJ 07960

    Welcome to 30 Sussex Ave Unit 1. Just moments from vibrant downtown shops, dining, nightlife, and NJ Transit direct trains to NYC, this residence offers the perfect blend of comfort, convenience, and lifestyle. This spacious first-floor unit features a bright and inviting layout with high ceilings and abundant natural light throughout. The updated kitchen boasts modern cabinetry, ample counter

    Jeremy Gulish KELLER WILLIAMS METROPOLITAN

    30 Sussex Ave Unit 1, Morristown, NJ 07960
  • /17

    $3,800 Per Month

    • 2 Beds
    • 2.5 Baths
    • 1,762 Sq Ft
    • Townhouse for Rent

    47 Taft Ln, Morristown, NJ 07960

    Welcome to this beautifully refreshed 2-bedroom, 2.5-bath townhome located in the heart of trendy, historic Morristown. Freshly painted throughout, this home offers a bright, move-in-ready interior paired with the convenience of a private 1-car garage.Step inside to find an inviting layout ideal for both everyday living and entertaining. The main level features comfortable living and dining

    THERESA DEARNESS WEICHERT REALTORS CORP HQ

    47 Taft Ln, Morristown, NJ 07960

Showing Results 1 - 40, Page 1 of 3

Frequently Asked Questions

How much does it cost to rent a home in Morristown, NJ?
The median rent for a home in Morristown, NJ is $3,600 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Morristown, NJ?
To comfortably afford the median rent in Morristown, NJ, a household needs to earn roughly $144,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,600 per month in Morristown, NJ, renters typically need to show $10,800 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Morristown, NJ?
In Morristown, NJ, the price-to-rent ratio is 19.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Morristown, NJ

Rental Home Trends

Number of Homes for Rent
86
Median Rent
$3,600
Median Single Family Home Rent
$3,550
Median Townhouse Rent
$65,900
Median Condo Rent
$3,300
How to Rent a Home