Cheap Apartments for Rent in Morristown, NJ from $1,400 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in Morristown.

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.

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property at 7 Prospect St

$2,250 - $2,500

1 Bedroom Rentals

Available Now

7 Prospect St

MorristownNJ07960

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.

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16 Washington St
2 Bedroom Apartments

16 Washington St

16 Washington StMorristown, NJ 07960

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.

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Alister Morristown
1 to 2 Bedroom Apartments

Alister Morristown

1 Washington AveMorristown, NJ 07960
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Max on Morris
Studio to 2 Bedroom Apartments

Max on Morris

175 Morris StMorristown, NJ 07960
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Modera 44
Studio to 2 Bedroom Apartments

Modera 44

44 Prospect StMorristown, NJ 07960

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

Morristown, NJ Local Guide

Cheapest Neighborhoods for Apartments in Morristown, NJ

Pricing Updated: 07/11/2026

Current apartment rentals in the Morristown, NJ area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Morristown Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Morristown$5,200$1,80047

Cheapest Available Morristown Apartments for Rent

 

The cheapest available apartment rental in Morristown, NJ is a 1 Bed unit found at Parsippany Village priced from $1,750. Park Avenue At Florham Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,250. Here is today’s list of the most affordable Morristown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parsippany VillageOne Bedroom1BR,1BA$1,750
Park Avenue At Florham Park1 Bedroom1BR,1BA$2,250
Olde Forge East TownhousesOne Bedroom1BR,1BA$2,275
Beverly GardensDeluxe 1 Bed 1 Bath1BR,1BA$2,400
Franklin Manor Apartments1BR/1BA1BR,1BA$2,450
Morris Crossing Townhouses1 Bedroom Deluxe LG1BR,1BA$2,469
Modera 55A111BR,1BA$2,499
View Point Terrace1 Bedroom1BR,1BA$2,505
Chatham Hill Apartments1BR 1BA (820sf)1BR,1BA$2,519

Best Value Apartments for Rent in Morristown, NJ

As of July 11, 2026 the best value apartment in the Morristown area is the $2.16 price per square foot $2.16/sq.ft. - Tulip Model at Mountain Way Estates in the starting from $4,000. The second greatest value Morristown apartment is the Three Bed Model at Carriage House Townhomes starting at $3,885 with a $2.21 price per square foot in the Downtown Morristown neighborhood. Here is today’s list of the best values for Morristown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mountain Way Estates$2.16/sq.ft. - Tulip2BR,2.5BA$2.16
Carriage House TownhomesThree Bed3BR,2.5BA$2.21
Hanover MillsB8 - Aspen2BR,2BA$2.66
Ridgeview Commons$2.69/sq.ft. - Dogwood2BR,2BA$2.69
The Carlton1 bedroom 1 bathroom1BR,1BA$2.36
Morristown Gateway ApartmentsTwo Bedroom Standard2BR,2BA$2.94
The M at MorristownA41BR,1BA$2.97
104 Ridgedale Ave, Unit Ridgedale ave Unit 2104 Ridgedale Ave2BR,1BA$2.61
Olde Forge East TownhousesOne Bedroom1BR,1BA$2.55
Parsippany VillageOne Bedroom1BR,1BA$2.69

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.

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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.

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Quick 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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Best Local Schools in
Morristown, NJ

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Morristown Apartments

What is the Cheapest Studio apartment in Morristown?

Currently the most affordable Cheap Studio Apartment in Morristown is at The District at 15Fifteen listed at $2,664.

How much is rent for a Cheap One Bedroom Morristown Apartment?

The lowest price for a Cheap One Bedroom Morristown Apartment is $1,750 at Parsippany Village.

What is the lowest price for a Cheap Two Bedroom Morristown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Morristown is starting from $2,500 at Park Avenue At Florham Park.

What is the most affordable Morristown Three Bedroom Apartment?

The best deal on a cheap Morristown Three Bedroom Apartment rental is at Olde Forge East Townhouses and starts from $3,650.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.