202 E Taylor St
ShelbyvilleIN46176
Cheap Homes for Rent in Morristown, IN from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Morristown.
392 W Broadway St
ShelbyvilleIN46176
529 West Washington St
ShelbyvilleIN46176
316 E Franklin St
ShelbyvilleIN46176
2142 W US Hwy 40
GreenfieldIN46140
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
216 Progress Rd
ShelbyvilleIN46176
106 W Broadway St
ShelbyvilleIN46176
321 E Mechanic St
ShelbyvilleIN46176
217 N Hamilton St
ShelbyvilleIN46176
4881 300W
New PalestineIN46163
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
647 W Franklin St
ShelbyvilleIN46176
22 Wilson St
GreenfieldIN46140
703 Center St
ShelbyvilleIN46176
34 Mildred St
ShelbyvilleIN46176
10166 Southeastern Ave
IndianapolisIN46239
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
239 Legends Creek Way
IndianapolisIN46229
Showing Results 1-16, Page 1 of 1
Morristown, IN Local Guide
Indiana train tracks by Chris Bowman is licensed under CC BY 2.0
How much does it cost to rent a home in Morristown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Morristown 2 Bedroom Homes for Rent | $1,128 | $775 | $1,550 |
| Morristown 3 Bedroom Homes for Rent | $1,799 | $1,400 | $2,200 |
| Morristown 4 Bedroom Homes for Rent | $2,203 | $1,575 | $3,150 |
| Morristown 5 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
| Morristown 6 Bedroom Homes for Rent | $1,650 | $1,650 | $1,650 |
Browse Top Homes for Rent in Morristown
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Morristown, IN Local Guide
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Cheapest Available Morristown Apartments for Rent and Nearby
The cheapest available apartment rental in Morristown, IN is a Studio unit found at LINCOLN PARK APARTMENTS priced from $645. Academy Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Morristown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| LINCOLN PARK APARTMENTS | Studio | Studio,1BA | $645 |
| Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $675 |
| Elmtree Park | Studio 1 Bath | Studio,1BA | $700 |
| Willowood East | Studio | Studio,1BA | $760 |
| Spanish Oaks | Studio | Studio,1BA | $775 |
Best Value Apartments for Rent in Morristown, IN and Nearby
As of June 13, 2026 the best value apartment in the Morristown area is the $1.28 price per square foot 4 Bed, 1.5 bath Townhome Model at Knoll Ridge Townhomes in the in the Southeast Indianapolis neighborhood starting from $1,600. The second greatest value Morristown apartment is the 3 Bed 2 Bath Model at Knightstown Villas starting at $1,175 with a $1.12 price per square foot . Here is today’s list of the best values for Morristown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Knoll Ridge Townhomes | 4 Bed, 1.5 bath Townhome | 4BR,1.5BA | $1.28 |
| Knightstown Villas | 3 Bed 2 Bath | 3BR,2BA | $1.12 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| The Life at Belhaven Place | 2 Bed 2 Bath | 2BR,2BA | $1.25 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $0.79 |
| LINCOLN PARK APARTMENTS | Studio | Studio ,1BA | $0.81 |
| Reflections I | 1x1 60%ctv | 1BR,1BA | $1.32 |
| Cumberland Manor | 2 Bedroom 1 Bath | 2BR,1BA | $1.20 |
| 116 Chestnut St, Unit 120 Chestnut apt 8 | 116 Chestnut St | 1BR,1BA | $1.29 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Explore Morristown, IN Rentals by Map
See the most popular apartments and homes in Morristown, IN
Frequently Asked Questions about Morristown
What type of rentals are currently available in Morristown?
There are currently 59 Apartments for Rent in Morristown, IN with pricing that ranges from $479 to $2,854. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morristown ranging from $525 to $3,150.
What is the current price range for Rental Homes in Morristown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Morristown ranges from $525 to $3,150 with an average monthly rent of $1,572.
How much are larger Three and Four Bedroom Rentals in Morristown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Morristown range from $1,165 to $2,789, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,575 and Four Bedroom Apartments start at $1,600.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.