Rental market snapshot for Morristown, New Jersey

Morristown, New Jersey Rental Property Market Overview

Morristown, New Jersey is a vibrant town with a population of 20,276 as of 2021, according to the US Census. It is located in Morris County and is home to a variety of businesses, restaurants, and attractions. The town is known for its historic sites, such as the Ford Mansion and the Morristown Green, as well as its many parks and recreational activities. It is also home to a thriving arts and culture scene, with a variety of galleries, theaters, and music venues. Morristown is a great place to live and visit, offering something for everyone.

The average rent for an apartment in Morristown is $2,909. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Morristown New Jersey | Cost of Living

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Morristown ZIP codes with the highest, most expensive rent

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Live near Morristown, New Jersey's Top Sights and Attractions

Morristown National Historical Park is a historic site that commemorates the role of Morristown, New Jersey in the American Revolutionary War. The park features several historic buildings, including the Ford Mansion, which served as the headquarters of General George Washington during the winter of 1779-1780. Visitors can explore the grounds, visit the museum, and take part in educational programs and special events. The park also offers a variety of outdoor activities, such as hiking, biking, and bird watching.

Fort Nonsense is a historic site located on a hilltop in Morristown, New Jersey. It was built in 1777 by General George Washington and his troops during the Revolutionary War. The fort was used as a lookout point and a place to store ammunition. Today, visitors can explore the grounds and learn about the history of the fort. The site includes a museum, a walking trail, and a picnic area. Visitors can also take part in educational programs and special events.

Fort Nonsense is a historic site located on a hilltop in Morristown, New Jersey. It was built in 1777 by General George Washington and his troops during the Revolutionary War. The fort was used as a lookout point and a place to store ammunition. Today, visitors can explore the grounds and learn about the history of the fort. The site includes a museum, a walking trail, and a picnic area. Visitors can also take part in educational programs and special events.

Speedwell Park is a picturesque outdoor space located in the heart of a bustling town. It features lush green lawns, winding walking paths, and a tranquil pond. The park also has a playground, picnic areas, and a gazebo. Visitors can enjoy a variety of activities, such as fishing, bird watching, and playing sports. The park is also home to a variety of wildlife, including ducks, geese, and other birds. With its peaceful atmosphere and natural beauty, Speedwell Park is a great place to relax and enjoy the outdoors.

Morristown National Historical Park is a historic site that commemorates the role of Morristown, New Jersey in the American Revolutionary War. The park features several historic buildings, including the Ford Mansion, which served as the headquarters of General George Washington during the winter of 1779-1780. Visitors can explore the grounds, visit the museum, and take part in educational programs and special events. The park also offers a variety of outdoor activities, such as hiking, biking, and bird watching.

Burnham Park is a large, picturesque park located in Morristown, New Jersey. It features a variety of recreational activities, including a playground, walking trails, picnic areas, and a lake. The park also has a variety of wildlife, including ducks, geese, and other birds. The park is a great place to spend a day outdoors, with plenty of open space to explore and enjoy.

Morristown Green is a large public park located in the heart of the town. It is a popular gathering place for locals and visitors alike, with its lush green grass, towering trees, and a central fountain. The park is surrounded by historic buildings, including the Morristown Town Hall, the Presbyterian Church, and the Morristown Library. The Green is also home to a variety of events throughout the year, such as concerts, festivals, and holiday celebrations.

The Mozzarella Museum is a unique attraction located in Morristown, New Jersey. It is a fun and interactive way to learn about the history and production of mozzarella cheese. Visitors can explore the museum's interactive exhibits, watch a live cheese-making demonstration, and sample some of the delicious cheese. The museum also offers educational classes and workshops, as well as special events and activities for kids. Whether you're a cheese lover or just looking for a fun and educational experience, the Mozzarella Museum is the perfect place to explore and learn about this delicious food.

Njcf 072 is a historic landmark located in Morristown, New Jersey. It is a two-story, brick building with a distinctive cupola on the roof. Built in 1810, it was originally a tavern and inn, but now serves as a museum and educational center. Inside, visitors can explore the history of Morristown and the surrounding area, including the Revolutionary War and the Industrial Revolution. The museum also features a variety of interactive exhibits, including a replica of a 19th-century kitchen, a blacksmith shop, and a printing press. Njcf 072 is a great place to learn about the history of Morristown and the surrounding area.

Lidgerwood Park is a beautiful outdoor destination located in the heart of Morristown. It features a variety of recreational activities, including a playground, a basketball court, a baseball field, and a walking path. The park also has a large pond, which is home to a variety of wildlife, including ducks, geese, and turtles. The park is a great place to take a stroll, have a picnic, or just relax and enjoy the scenery.

Morristown, New Jersey area median rent change by ZIP code map

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How does Morristown compare to other cities in New Jersey?

citymedian price
Oceanport$3,650
Rutherford$3,495
Barrington$3,300
Freehold$3,200
Long Branch$2,800
Glassboro$2,600
Boonton$2,570
Marlton$2,060
Collingswood$1,895
Palmyra$1,795

Average household income in Morristown area graph - US Census

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The median household income in Morristown in 2021 was $112,570. This represents a 60.1% change from 2011 when the median was $70,293.

#categorypercent
0Less than $10,0004.7%
1$10,000 to $14,9994.0%
2$15,000 to $19,9993.3%
3$20,000 to $24,9991.0%
4$25,000 to $29,9991.1%
5$30,000 to $34,9992.5%
6$35,000 to $39,9992.8%
7$40,000 to $44,9991.3%
8$45,000 to $49,9990.9%
9$50,000 to $59,9996.3%
10$60,000 to $74,9997.0%
11$75,000 to $99,99911.9%
12$100,000 to $124,9998.6%
13$125,000 to $149,9998.2%
14$150,000 to $199,99914.2%
15$200,000 or more22.1%

Neighborhoods in Morristown

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Morristown is $2,909.
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