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morristown
Last updated September 21 2020 at 3:56 PM

149 Apartments for rent in Morristown, NJ

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Check out 148 verified apartments for rent in Morristown, NJ with rents starting as low as $1300. Some apartments for rent in Morristown might offer rent specials. Look out for the
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rent special icon!
Verified
14 Units Available
Sterling Parc at Hanover
2101 Glen Dr, Morristown, NJ
1 Bedroom
$1,957
915 sqft
2 Bedrooms
$2,513
1145 sqft
3 Bedrooms
Ask
Last updated September 21 at 03:42 PM
Close to I-285. Apartments feature private entrance as well as tall ceilings, walk-in closets, steel appliances, extra storage and in-unit laundry. Fireplace available. Amenities include coffee bar, 24-hour gym, grilling area and pool. Pet-friendly.
Verified
7 Units Available
Chancery Square
11 Cattano Ave, Morristown, NJ
Morristown
1 Bedroom
$2,204
786 sqft
2 Bedrooms
$2,331
1108 sqft
Last updated September 21 at 03:44 PM
Located in the heart of Morristown, NJ, near the Morristown Green. Unit amenities include dishwasher, garbage disposal and stainless steel appliances. Community features 24-hour gym, elevator, clubhouse and parking.
Verified
4 Units Available
Jefferson
51 Elm Street, Morristown, NJ
Morristown
Studio
$1,350
655 sqft
1 Bedroom
$1,625
1040 sqft
Last updated September 21 at 11:01 AM
Major renovations underway! New windows, New laundry rooms, New kitchens and Baths, Upgraded hallway lighting, New exteriors and more! Our property is conveniently located near the old fashioned working downtown is a pleasure to walk and shop.
$
Verified
5 Units Available
Metropolitan Lofts
11 De Hart Street, Morristown, NJ
Morristown
1 Bedroom
$2,738
755 sqft
2 Bedrooms
$3,702
1122 sqft
Last updated September 21 at 03:42 PM
Beautifully designed and ideally located, The Metropolitan Lofts is the newest addition to life in historic Morristown. Living here means having an apartment home with style and space. It means having amenities that are both relaxing and engaging.
Verified
15 Units Available
Modera 55
55 Prospect St, Morristown, NJ
Morristown
Studio
Ask
1 Bedroom
$1,982
768 sqft
2 Bedrooms
Ask
Last updated September 21 at 12:32 PM
Many amenities including high ceilings, freestanding bathtubs, private balconies and upgraded interior finishes. Located just off 202 near Speedwell Park. Car charging station and pet spa on-site.
Verified
7 Units Available
Woodmont Knolls
200 Woodmont Drive, Morristown, NJ
1 Bedroom
$2,385
933 sqft
2 Bedrooms
$2,475
1219 sqft
Last updated September 21 at 03:42 PM
Excellent location for commuters, just off of I-287. Community includes parking, pool, BBQ grills, bike storage and clubhouse. Residents live in units with stainless steel appliances, walk-in closets and extra storage.
Verified
24 Units Available
Modera 44
44 Prospect St, Morristown, NJ
Morristown
Studio
$1,836
607 sqft
1 Bedroom
$1,900
766 sqft
2 Bedrooms
$2,837
1146 sqft
Last updated September 21 at 12:05 PM
Stylish apartments situated conveniently in downtown Morristown. Stunning interiors with movable kitchen islands, stainless steel appliances, and custom cabinetry. Rooftop deck, outdoor kitchen, and fitness studio with yoga and spin rooms.
Verified
2 Units Available
Alister Morristown
1 Washington Avenue, Bldg. 7, Apt. 4A, Morristown, NJ
Morristown
1 Bedroom
$1,875
653 sqft
2 Bedrooms
Ask
Last updated September 21 at 12:12 PM
Pet-friendly community offers 1-2 bedroom units with hardwood floors and on-site parking garage. Located right off I-287 and close to Morristown National Park, Jacob Ford Park, New Jersey Transit, shopping and dining.
$
Verified
11 Units Available
Sofi Morristown Station
10 Lafayette Ave, Morristown, NJ
Morristown
1 Bedroom
$1,893
734 sqft
2 Bedrooms
$2,531
1059 sqft
Last updated September 21 at 03:43 PM
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.
$
Verified
16 Units Available
The Monroe
30 Cattano Ave, Morristown, NJ
Morristown
Studio
$1,747
541 sqft
1 Bedroom
$1,883
660 sqft
2 Bedrooms
$2,596
977 sqft
Last updated September 21 at 12:03 PM
This community's Morristown location is minutes from the high school and Mayo Performing Arts Center. It provides easy access to NYC and offers a courtyard, garage parking and 24-hour gym. Recently-renovated units offer hardwood flooring.
$
Verified
19 Units Available
The Metropolitan at 40 Park
40 Market St, Morristown, NJ
Morristown
Studio
$2,150
756 sqft
1 Bedroom
$2,100
812 sqft
2 Bedrooms
$3,199
1129 sqft
Last updated September 21 at 03:42 PM
The Metropolitan at 40 Park is located on the historic Morristown Green at the center of Morristown’s walkable retail and entertainment district, furnishing your lifestyle with fine restaurants, cafes, boutiques, galleries and the Community Theatre.
1 Unit Available
51 MT KEMBLE AVE 310
51 Mount Kemble Avenue, Morristown, NJ
Morristown
2 Bedrooms
$2,375
1445 sqft
Last updated September 21 at 03:00 PM
Beautifully updated third floor unit in elevator building, close to all Morristown has to offer. New kitchen (2019) with stainless steel appliances, granite counter and glass subway tile backsplash.
1 Unit Available
37-C COBB PL
37 Cobb Pl, Morristown, NJ
Morristown
2 Bedrooms
$3,100
1203 sqft
Last updated September 21 at 03:00 PM
Newly renovated 2 bedroom, 2 bath condo. This condo has just been renovated with a brand new kitchen featuring new tile backsplash, all new SS appliances and granite counter tops. Both bathrooms have also been updated.
1 Unit Available
75 MAPLE AVE
75 Maple Avenue, Morristown, NJ
Morristown
Studio
$1,300
1 Bedroom
Ask
Last updated September 21 at 03:00 PM
Great location, close to town, train, shopping. fee paid by landlord. Nice Studio apartment, private bathroom, gas range, refrigerator, microwaveoff street parking All utilities included in rent.
1 Unit Available
60 CHESTNUT ST UNIT 5
60 Chestnut Street, Morristown, NJ
Morristown
2 Bedrooms
$3,600
Last updated September 21 at 03:00 PM
Beautifully updated townhouse just minutes away from downtown Morristown. The unit is located on the first floor and the number on the door is Unit #1.
1 Unit Available
7 PROSPECT ST UNIT 506
7 Prospect Street, Morristown, NJ
Morristown
Studio
Ask
1 Bedroom
Ask
2 Bedrooms
$2,800
1069 sqft
Last updated September 21 at 03:00 PM
Young in-town Condo living in Downtown Morristown. Secured elevator building, 5th floor faces East, sunny with large balcony. 3 Unit heat/cooling. wood floors, central AC. Washer/dryer INSIDE unit. Assoc. Gym & storage avail.
1 Unit Available
31 PROSPECT ST
31 Prospect Street, Morristown, NJ
Morristown
3 Bedrooms
$2,400
Last updated September 21 at 03:00 PM
Completely updated 3 bedroom 1 bath multifloor unit! Updates include New kitchen w/ Stainless Steel Appliances, New Bathroom, and H/W floors.
1 Unit Available
140 FRANKLIN ST
140 Franklin Street, Morristown, NJ
Morristown
2 Bedrooms
$2,100
Last updated September 21 at 03:00 PM
2 bed, 1 bath, townhouse style unit. Freshly painted throughout. Living room flows to formal dining room. 2 off st parking spots. Laundry hookup in basement. Pets are negotiable. Virtual tour available. Located across from the hospital.
1 Unit Available
12 PROSPECT ST 2
12 Prospect Street, Morristown, NJ
Morristown
1 Bedroom
Ask
3 Bedrooms
$2,150
Last updated September 21 at 03:00 PM
LOCATION, LOCATION, LOCATION!! LARGE APT ENJOY LIVING IN THIS DOWNTOWN MASTERPIECE! BEAUTIFUL BUILDING IN THE HEART OF MORRISTOWN, 1 BLOCK FROM THE COURTHOUSE, HEADQUARTERS PLAZA, RESTURANTS & SHOPS! ALSO NEAR THE NYC TRAIN STATION.
1 Unit Available
2 Ogden Place
2 Ogden Pl, Morristown, NJ
Morristown
2 Bedrooms
$2,350
Last updated September 21 at 03:00 PM
2nd fl, 2 bed, 2 bath, 3 off st parking spots. Kitchen, Dining & Living rooms with a balcony. Laundry in basement, 2 off street spots. 1 mile to the Morristown train, 1/2 to the Green. 2nd floor unit in a 4 family home.
1 Unit Available
3 MAPLE AVE
3 Maple Avenue, Morristown, NJ
Morristown
3 Bedrooms
$2,500
Last updated September 21 at 03:00 PM
LOCATION! LOCATION! LOCATION! Beautiful and Spacious 3 Bedroom apartment in the heart of Fabulous Morristown. Close to the Green, Starbucks, Midtown Direct train, restaurants, bars, Mayo Performing Arts Center.
1 Unit Available
Morristown Gateway
12 Ridgedale Ave, Morristown, NJ
Morristown
2 Bedrooms
$2,600
Last updated September 21 at 03:00 PM
Spacious open concept! Quality details & finishes - hardwood floors, plush carpeting, breakfast bar, & granite, wood cabinetry & stainless steel appliances in the KIT.
1 Unit Available
19 CLINTON ST
19 Clinton Street, Morristown, NJ
Morristown
1 Bedroom
Ask
3 Bedrooms
$2,995
Last updated September 21 at 03:00 PM
All the charm & style of yesteryear with the modern conveniences of today. Beautifully updated light filled Victorian home w/great multi flr apartment . 3 Beds 1 Bath.
1 Unit Available
39 Pine Street
39 Pine Street, Morristown, NJ
Morristown
1 Bedroom
$1,750
Last updated September 21 at 03:00 PM
Charming with built-ins & freshly painted in the heart of Morristown. LR, BR & eat-in-kitchen with pantry. Plus an office for working from home! Brand new full size washer & dryer! No need to pay for storage. Take advantage of the huge walk-up attic.
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Find an apartment for rent in Morristown, NJ

Searching for an apartment for rent in Morristown, NJ? Look no further! Apartment List will help you find a perfect apartment near you. There are 148 available rental units listed on Apartment List in Morristown. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!

The median rent in Morristown is $1,583 for a studio, $1,758 for a one-bedroom apartment, and $2,094 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.

Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Morristown apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.

You can trust ApartmentList.com to help you find your next Morristown, NJ apartment rental! After all, everyone deserves a home they love.
Frequently Asked Questions (FAQs)
Frequently Asked Questions
How much is rent in Morristown?
In Morristown, the median rent is $1,583 for a studio, $1,758 for a 1-bedroom, $2,094 for a 2-bedroom, and $2,701 for a 3-bedroom. For more information on rental trends in Morristown, check out our monthly Morristown Rent Report.
How much is rent in Morristown?
In Morristown, the median rent is $1,583 for a studio, $1,758 for a 1-bedroom, $2,094 for a 2-bedroom, and $2,701 for a 3-bedroom. For more information on rental trends in Morristown, check out our monthly Morristown Rent Report.
How can I find a cheap apartment in Morristown?
You can get the best deal by searching by apartments that are offering move-in specials in Morristown.
How can I find a cheap apartment in Morristown?
You can get the best deal by searching by apartments that are offering move-in specials in Morristown.
How can I find a pet-friendly apartment in Morristown?
You can use the pet-friendly filter to find Morristown apartments that allow pets.
How can I find a pet-friendly apartment in Morristown?
You can use the pet-friendly filter to find Morristown apartments that allow pets.
How can I tour apartments during the COVID-19 pandemic?
While some Morristown properties may not allow visitors at this time, most are open for business by phone or email. Please reach out to them directly for virtual touring options. Additionally, some properties may offer video and 3D tours, which can be found on the listing details page.
How can I tour apartments during the COVID-19 pandemic?
While some Morristown properties may not allow visitors at this time, most are open for business by phone or email. Please reach out to them directly for virtual touring options. Additionally, some properties may offer video and 3D tours, which can be found on the listing details page.
How much should I pay for rent in Morristown?
The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Morristown.
How much should I pay for rent in Morristown?
The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Morristown.
How can I find off-campus housing in Morristown?
You can use the off-campus housing filters to find apartments near colleges located in or around Morristown. Some of the colleges and universities in the area include Kean University, New Jersey Institute of Technology, Essex County College, Hudson County Community College, and New Jersey City University.
How can I find off-campus housing in Morristown?
You can use the off-campus housing filters to find apartments near colleges located in or around Morristown. Some of the colleges and universities in the area include Kean University, New Jersey Institute of Technology, Essex County College, Hudson County Community College, and New Jersey City University.

Median Rent in Morristown

Last updated Aug. 2020
The median rent for a 1 bedroom apartment in Morristown is $1,758, while the median rent for a 2 bedroom apartment is $2,094.
Studio
$1,583
1 Bed
$1,758
2 Beds
$2,094
3+ Beds
$2,701
City GuideMorristown
Welcome to Morristown, a quaint village life anyone would be eager to jump into. However, before you make the leap, have your self a quick read through this handy little apartment guide to get all the local living and renting info you will need.
Welcome to Morristown, a quaint village life anyone would be eager to jump into. However, before you make the leap, have your self a quick read through this handy little apartment guide to get all the local living and renting info you will need.
Life in Morristown

Morristown has a little bit of everything. There are quaint country areas, rolling hills of quiet suburbia, lakeside settings, trendy downtown neighborhoods, as well as plenty of historical homes and buildings, all full of some of the most affordable rentals you can find in the area. And, with Manhattan just a 40-minute train ride away, you can enjoy all these affordable options with the convenience of a quick commute to The City That Never Sleeps. So, if you like the idea of a laid back village life combined with a quick skip to an endless nightlife, then Morristown is sure to please.

Rental rates range from $1,000 to $5,000, with all kinds of different housing options. There's lots of distinguished architecture around here, with historic homes, mansions, and apartments, a few historically-inspired apartment buildings, some custom country homes and classic colonials, as well as some more modern rental properties. In the $1,000 - $2,500 range, you can find some beautiful studio apartments for rent, as well as one-bedroom apartments and townhomes. It's rare, though not unheard of, to find a two-bedroom apartment for less than $1,800. For the cheap apartments, look into older apartment buildings and old homes converted into duplexes and split-level apartments. These types of rentals are often leased by the owner, and therefore easier to find in local classifieds than online. Now, if you're prepared to spend over $2,000 a month, then there are some amazing luxuries to look for around here. You can get a trendy downtown studio, a four-bedroom colonial house, or a lavish two-bedroom luxury rental in the Vail Mansion.

Apartment-dwellers will be happy to know that many apartment communities are full of convenient and luxurious amenities. For instance, at Metropolitan at 40 Park, there's a rooftop terrace, a conference room, a gym, a clubhouse, and a game room. Many places come with on-site laundry facilities and fitness centers, as well as convenient public transportation. In-unit amenities to look for include a fireplace, an in-unit washer and dryer, and thermal-pane windows.

Those moving to Morristown with pets should be warned that the cost of their furry friends will really drive up the price of housing. Most places charge a non-refundable pet fee around $500 per pet, plus a monthly pet rent of about $50 per pet. There are also breed and weight restrictions to watch out for, so be sure to do your research and save up lots of extra money if you plan on bring along the dog or cat.

That's the gist of this big-little village life. Now you're ready to rent like a local Morristown renter. Mozel Tov!

-By Katy Comal

Life in Morristown
+

Morristown has a little bit of everything. There are quaint country areas, rolling hills of quiet suburbia, lakeside settings, trendy downtown neighborhoods, as well as plenty of historical homes and buildings, all full of some of the most affordable rentals you can find in the area. And, with Manhattan just a 40-minute train ride away, you can enjoy all these affordable options with the convenience of a quick commute to The City That Never Sleeps. So, if you like the idea of a laid back village life combined with a quick skip to an endless nightlife, then Morristown is sure to please.

Rental rates range from $1,000 to $5,000, with all kinds of different housing options. There's lots of distinguished architecture around here, with historic homes, mansions, and apartments, a few historically-inspired apartment buildings, some custom country homes and classic colonials, as well as some more modern rental properties. In the $1,000 - $2,500 range, you can find some beautiful studio apartments for rent, as well as one-bedroom apartments and townhomes. It's rare, though not unheard of, to find a two-bedroom apartment for less than $1,800. For the cheap apartments, look into older apartment buildings and old homes converted into duplexes and split-level apartments. These types of rentals are often leased by the owner, and therefore easier to find in local classifieds than online. Now, if you're prepared to spend over $2,000 a month, then there are some amazing luxuries to look for around here. You can get a trendy downtown studio, a four-bedroom colonial house, or a lavish two-bedroom luxury rental in the Vail Mansion.

Apartment-dwellers will be happy to know that many apartment communities are full of convenient and luxurious amenities. For instance, at Metropolitan at 40 Park, there's a rooftop terrace, a conference room, a gym, a clubhouse, and a game room. Many places come with on-site laundry facilities and fitness centers, as well as convenient public transportation. In-unit amenities to look for include a fireplace, an in-unit washer and dryer, and thermal-pane windows.

Those moving to Morristown with pets should be warned that the cost of their furry friends will really drive up the price of housing. Most places charge a non-refundable pet fee around $500 per pet, plus a monthly pet rent of about $50 per pet. There are also breed and weight restrictions to watch out for, so be sure to do your research and save up lots of extra money if you plan on bring along the dog or cat.

That's the gist of this big-little village life. Now you're ready to rent like a local Morristown renter. Mozel Tov!

-By Katy Comal

Read More
City GuideMorristown
Welcome to Morristown, a quaint village life anyone would be eager to jump into. However, before you make the leap, have your self a quick read through this handy little apartment guide to get all the local living and renting info you will need.
Welcome to Morristown, a quaint village life anyone would be eager to jump into. However, before you make the leap, have your self a quick read through this handy little apartment guide to get all the local living and renting info you will need.
Life in Morristown

Morristown has a little bit of everything. There are quaint country areas, rolling hills of quiet suburbia, lakeside settings, trendy downtown neighborhoods, as well as plenty of historical homes and buildings, all full of some of the most affordable rentals you can find in the area. And, with Manhattan just a 40-minute train ride away, you can enjoy all these affordable options with the convenience of a quick commute to The City That Never Sleeps. So, if you like the idea of a laid back village life combined with a quick skip to an endless nightlife, then Morristown is sure to please.

Rental rates range from $1,000 to $5,000, with all kinds of different housing options. There's lots of distinguished architecture around here, with historic homes, mansions, and apartments, a few historically-inspired apartment buildings, some custom country homes and classic colonials, as well as some more modern rental properties. In the $1,000 - $2,500 range, you can find some beautiful studio apartments for rent, as well as one-bedroom apartments and townhomes. It's rare, though not unheard of, to find a two-bedroom apartment for less than $1,800. For the cheap apartments, look into older apartment buildings and old homes converted into duplexes and split-level apartments. These types of rentals are often leased by the owner, and therefore easier to find in local classifieds than online. Now, if you're prepared to spend over $2,000 a month, then there are some amazing luxuries to look for around here. You can get a trendy downtown studio, a four-bedroom colonial house, or a lavish two-bedroom luxury rental in the Vail Mansion.

Apartment-dwellers will be happy to know that many apartment communities are full of convenient and luxurious amenities. For instance, at Metropolitan at 40 Park, there's a rooftop terrace, a conference room, a gym, a clubhouse, and a game room. Many places come with on-site laundry facilities and fitness centers, as well as convenient public transportation. In-unit amenities to look for include a fireplace, an in-unit washer and dryer, and thermal-pane windows.

Those moving to Morristown with pets should be warned that the cost of their furry friends will really drive up the price of housing. Most places charge a non-refundable pet fee around $500 per pet, plus a monthly pet rent of about $50 per pet. There are also breed and weight restrictions to watch out for, so be sure to do your research and save up lots of extra money if you plan on bring along the dog or cat.

That's the gist of this big-little village life. Now you're ready to rent like a local Morristown renter. Mozel Tov!

-By Katy Comal

Life in Morristown
+

Morristown has a little bit of everything. There are quaint country areas, rolling hills of quiet suburbia, lakeside settings, trendy downtown neighborhoods, as well as plenty of historical homes and buildings, all full of some of the most affordable rentals you can find in the area. And, with Manhattan just a 40-minute train ride away, you can enjoy all these affordable options with the convenience of a quick commute to The City That Never Sleeps. So, if you like the idea of a laid back village life combined with a quick skip to an endless nightlife, then Morristown is sure to please.

Rental rates range from $1,000 to $5,000, with all kinds of different housing options. There's lots of distinguished architecture around here, with historic homes, mansions, and apartments, a few historically-inspired apartment buildings, some custom country homes and classic colonials, as well as some more modern rental properties. In the $1,000 - $2,500 range, you can find some beautiful studio apartments for rent, as well as one-bedroom apartments and townhomes. It's rare, though not unheard of, to find a two-bedroom apartment for less than $1,800. For the cheap apartments, look into older apartment buildings and old homes converted into duplexes and split-level apartments. These types of rentals are often leased by the owner, and therefore easier to find in local classifieds than online. Now, if you're prepared to spend over $2,000 a month, then there are some amazing luxuries to look for around here. You can get a trendy downtown studio, a four-bedroom colonial house, or a lavish two-bedroom luxury rental in the Vail Mansion.

Apartment-dwellers will be happy to know that many apartment communities are full of convenient and luxurious amenities. For instance, at Metropolitan at 40 Park, there's a rooftop terrace, a conference room, a gym, a clubhouse, and a game room. Many places come with on-site laundry facilities and fitness centers, as well as convenient public transportation. In-unit amenities to look for include a fireplace, an in-unit washer and dryer, and thermal-pane windows.

Those moving to Morristown with pets should be warned that the cost of their furry friends will really drive up the price of housing. Most places charge a non-refundable pet fee around $500 per pet, plus a monthly pet rent of about $50 per pet. There are also breed and weight restrictions to watch out for, so be sure to do your research and save up lots of extra money if you plan on bring along the dog or cat.

That's the gist of this big-little village life. Now you're ready to rent like a local Morristown renter. Mozel Tov!

-By Katy Comal

Rent Report
Morristown

September 2020 Morristown Rent Report

Welcome to the September 2020 Morristown Rent Report. Morristown rents declined over the past month. In this report, we'll evaluate trends in the Morristown rental market, including comparisons to similar cities nationwide.

Morristown rents declined moderately over the past month

Morristown rents have declined 0.3% over the past month, and have decreased sharply by 5.8% in comparison to the same time last year. Currently, median rents in Morristown stand at $1,759 for a one-bedroom apartment and $2,095 for a two-bedroom. This is the fifth straight month that the city has seen rent decreases after an increase in March. Morristown's year-over-year rent growth lags the state average of -0.5%, as well as the national average of 0.3%.

    Many large cities nationwide show more affordable rents compared to Morristown

    As rents have fallen sharply in Morristown, large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Morristown is less affordable for renters.

    • Morristown's median two-bedroom rent of $2,095 is above the national average of $1,195. Nationwide, rents have held steady over the past year.
    • While rents in Morristown fell sharply over the past year, many cities nationwide saw increases, including Phoenix (+1.7%) and Detroit (+0.8%).
    • Renters will generally find more expensive prices in Morristown than most large cities. For example, Detroit has a median 2BR rent of $902, where Morristown is more than twice that price.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

    Read More

    September 2020 Morristown Rent Report

    Welcome to the September 2020 Morristown Rent Report. Morristown rents declined over the past month. In this report, we'll evaluate trends in the Morristown rental market, including comparisons to similar cities nationwide.

    View full Rent Report

    September 2020 Morristown Rent Report

    Welcome to the September 2020 Morristown Rent Report. Morristown rents declined over the past month. In this report, we'll evaluate trends in the Morristown rental market, including comparisons to similar cities nationwide.

    Morristown rents declined moderately over the past month

    Morristown rents have declined 0.3% over the past month, and have decreased sharply by 5.8% in comparison to the same time last year. Currently, median rents in Morristown stand at $1,759 for a one-bedroom apartment and $2,095 for a two-bedroom. This is the fifth straight month that the city has seen rent decreases after an increase in March. Morristown's year-over-year rent growth lags the state average of -0.5%, as well as the national average of 0.3%.

      Many large cities nationwide show more affordable rents compared to Morristown

      As rents have fallen sharply in Morristown, large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Morristown is less affordable for renters.

      • Morristown's median two-bedroom rent of $2,095 is above the national average of $1,195. Nationwide, rents have held steady over the past year.
      • While rents in Morristown fell sharply over the past year, many cities nationwide saw increases, including Phoenix (+1.7%) and Detroit (+0.8%).
      • Renters will generally find more expensive prices in Morristown than most large cities. For example, Detroit has a median 2BR rent of $902, where Morristown is more than twice that price.

      For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

      Methodology - Recent Updates:

      Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

      Read more about our new methodology below, or see a more detailed post here.

      Methodology:

      Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

      Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

      Read more about our methodology here.

      About Rent Reports:

      Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

      We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.