
Cheap Homes for Rent in Downtown Morristown Neighborhood of Morristown, NJ from $2,400 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Morristown area of Morristown.


104 Maple Ave
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.

196 Mt Kemble Ave

11 Atno Ave
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.
Downtown Morristown, Morristown, NJ Local Guide

How much does it cost to rent a home in Downtown Morristown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Morristown 2 Bedroom Homes for Rent | $3,333 | $3,000 | $3,900 |
| Downtown Morristown 3 Bedroom Homes for Rent | $4,750 | $4,300 | $5,200 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Morristown Neighborhood of Morristown, NJ.
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Downtown Morristown, Morristown, NJ Local Guide
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Best Value Apartments for Rent in Downtown Morristown, NJ
As of May 09, 2026 the best value apartment in the Downtown Morristown area is the $0.23 price per square foot 161 Washington St Model at 161 Washington St, Unit 1 in the in the Downtown Morristown neighborhood starting from $2,300. The second greatest value Downtown Morristown apartment is the 50 Western Ave Model at 50 Western Ave, Unit 2L starting at $4,150 with a $2.08 price per square foot in the Downtown Morristown neighborhood. Here is today’s list of the best values for Downtown Morristown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 161 Washington St, Unit 1 | 161 Washington St | 1BR,1BA | $0.23 |
| 50 Western Ave, Unit 2L | 50 Western Ave | 4BR,2BA | $2.08 |
| Carriage House Townhomes | Three Bed | 3BR,2.5BA | $2.21 |
| The Carlton | 1 bedroom 1 bathroom | 1BR,1BA | $2.36 |
| Blair House | ONE BEDROOM. 1.5 BATH | 1BR,1.5BA | $2.54 |
| Morristown Gateway Apartments | Two Bedroom Standard | 2BR,2BA | $2.94 |
| Modera 55 | B04 | 2BR,2BA | $3.51 |
| Olde Forge East Townhouses | One Bedroom | 1BR,1BA | $2.55 |
| Morris Crossing Townhouses | 1 Bedroom with Back Patio/Yard | 1BR,1BA | $3.01 |
| Washington Park Terrace | 1 Bedroom | 1BR,1BA | $3.60 |
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 ArticleReal 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.
Pet Friendly LifestyleDowntown Morristown, Morristown, NJ
Ranked #1
Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown Morristown
What type of rentals are currently available in Downtown Morristown?
There are currently 92 Apartments for Rent in Downtown Morristown, NJ with pricing that ranges from $1,195 to $6,350. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Morristown ranging from $2,450 to $5,200.
What is the current price range for Rental Homes in Downtown Morristown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Morristown ranges from $2,450 to $5,200 with an average monthly rent of $3,536.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.