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Studio Apartments for Rent in Morristown, NJ

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  • /55

    Starting at $2,095 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

    21 Mount Kemble Ave, Morristown, NJ 07960
  • /34

    Starting at $2,625 Per Month

    • Studio

    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

    45 Market St, Morristown, NJ 07960
  • /8

    Starting at $1,905 Per Month

    • Studio - 1 Bed

    137 Washington St, Morristown, NJ 07960

    Washington Park Terrace is close to town and within walking distance to the town of “green” which is surrounded by convenient shopping, dining, and entertainment.Just minutes from bus and train transportation to New York City, Washington Park Terrace is also close to major highways such as Routes 10, 24, 124 and I-287! Local universities are less than 11 minutes away, and beautiful state

    Washington Park Terrace

    137 Washington St, Morristown, NJ 07960
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    Starting at $1,925 Per Month

    • Studio

    34-36 Elm St, Morristown, NJ 07960

    Morris-Elm is a mixed-use complex comprised of two (2) buildings with thirty-four (34) residential apartments and 3 office suites located at 34-36 Elm Street, Morristown, New Jersey (the “Property”). The Property is situated on approximately one (1) acre of beautifully landscaped grounds with forty-one (41) on-site parking spaces. It is ideally located within walking distance to the NJ Transit

    Morris-Elm Apartments

    34-36 Elm St, Morristown, NJ 07960

Why Live in Morristown

Morristown, NJ, a historic city surrounded by Morris Township, offers a blend of Revolutionary War history, vibrant nightlife, and a strong local economy. With over 20,000 residents and a median age of 34, Morristown features cultural attractions like statues and the Gothic Revival St. Peter’s Episcopal Church. The Morristown Medical Center, employing over 5,000 people, anchors the local economy alongside manufacturers and engineering firms like Honeywell and the Louis Berger Group. Housing options range from refurbished historic homes to high-rise condos, with styles including colonial, split-level, and Cape Cod. The Morristown School District is highly rated, serving over 5,500 students with a favorable student-teacher ratio. The Green, a central gathering spot, hosts events like the annual Festival on the Green and a Christmas festival. Nearby lakes such as Lake Parsippany offer recreational opportunities. Nightlife includes historic venues like Jockey Hollow Bar & Kitchen and modern spots like Ironbar. The downtown train station provides convenient access to New York City, just over 30 miles away, while major corridors like U.S. Route 202 and Interstate 287 facilitate local travel. Morristown boasts lower crime rates compared to nearby cities, with significant decreases in both violent and property crimes from 2022 to 2023.

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 $3,737 per month, though prices vary by neighborhood, size, and property type. As of August 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 $149,480 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 $3,737 per month in Morristown, NJ, renters typically need to show $11,211 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 20.5, 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 Home Trends

Number of Homes for Rent
4
Median Rent
$3,737
Median Single Family Home Rent
$4,150
Median Townhouse Rent
$4,400
Median Condo Rent
$3,250
How to Rent a Home