48 Mt Kemble Ave
MorristownNJ07960
Cheap Homes for Rent in Downtown Morristown Neighborhood of Morristown, NJ from $3,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Morristown area of Morristown.
46 Mt Kemble Ave
MorristownNJ07960
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.
61 Mt Kemble Ave
MorristownNJ07960
259 Speedwell Ave
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.
1 Franklin Pl
MorristownNJ07960
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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 | $3,166 | $3,100 | $3,300 |
| Downtown Morristown 3 Bedroom Homes for Rent | $4,168 | $3,300 | $4,975 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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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Cheapest Available Downtown Morristown Apartments for Rent
The cheapest available apartment rental in the Downtown Morristown area of Morristown, NJ is a 1 Bed unit found at Olde Forge East Townhouses priced from $2,275. Franklin Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,450. Here are the most affordable Downtown Morristown apartments for rent in Morristown, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Olde Forge East Townhouses | One Bedroom | 1BR,1BA | $2,275 |
| Franklin Manor Apartments | 1BR/1BA | 1BR,1BA | $2,450 |
| Morris Crossing Townhouses | 1 Bedroom Deluxe LG | 1BR,1BA | $2,469 |
Best Value Apartments for Rent in Downtown Morristown, NJ
As of June 23, 2026 the best value apartment in the Downtown Morristown area is the $2.21 price per square foot Three Bed Model at Carriage House Townhomes in the in the Downtown Morristown neighborhood starting from $3,885. The second greatest value Downtown Morristown apartment is the J1 Model at 30 Court Street Apartments starting at $5,555 with a $3.90 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. |
|---|---|---|---|
| Carriage House Townhomes | Three Bed | 3BR,2.5BA | $2.21 |
| 30 Court Street Apartments | J1 | 2BR,2BA | $3.90 |
| The Carlton | 1 bedroom 1 bathroom | 1BR,1BA | $2.32 |
| Olde Forge East Townhouses | One Bedroom | 1BR,1BA | $2.55 |
| The Monroe Morristown | 2BR/2.0BA | 2BR,2BA | $4.48 |
| The Flats @ 85 | Deluxe 1 Bed 1 Bath rear facing | 1BR,1BA | $3.27 |
| Morris Crossing Townhouses | 1 Bedroom with Back Patio/Yard | 1BR,1BA | $3.00 |
| Schuyler Lofts | B | 1BR,1BA | $4.08 |
| Franklin Manor Apartments | 1BR/1BA | 1BR,1BA | $3.60 |
| Eleven Dehart | ml-a02 | 1BR,1BA | $4.16 |
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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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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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 91 Apartments for Rent in Downtown Morristown, NJ with pricing that ranges from $1,195 to $6,350. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Morristown ranging from $3,100 to $4,975.
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 $3,100 to $4,975 with an average monthly rent of $3,667.
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
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.
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.