6

Studio Apartments for Rent in Morristown, NJ

Section Image
  • /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
  • /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
  • /45

    Starting at $2,400 Per Month

    • Studio - 2 Beds

    30 Cattano Ave, Morristown, NJ 07960

    Set within a staggering nine-story high-rise, our Morristown apartments for rent offer 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.

    The Monroe Morristown

    (908) 860-8370

    30 Cattano Ave, Morristown, NJ 07960
  • /33

    Starting at $1,950 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

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 $3,700 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option while condos 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 $148,000 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 $3,700 per month in Morristown, NJ, renters typically need to show $11,100 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 19.2, 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
4
Median Rent
$3,700
Median Single Family Home Rent
$3,000
Median Townhouse Rent
$4,600
Median Condo Rent
$3,500
How to Rent a Home