Cheap Homes for Rent in Downtown Morristown Neighborhood of Morristown, NJ from $2,500 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Morristown area of Morristown.

property at 320 South St

$2,500

1 Bedroom, 1 Bath Home for Rent

Available Now

320 South St

MorristownNJ07960
property at 41 Mt Kemble Ave

$2,700

2 Bedroom, 2 Bath Home for Rent

Available Now

41 Mt Kemble 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.

property at 31 Bellevue Ter

$3,000

2 Bedroom, 1.5 Bath Condo for Rent

Available Apr 1

31 Bellevue Ter

MorristownNJ07960

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.

Downtown Morristown, Morristown, NJ Local Guide

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 Franklin Manor Apartments priced from $2,150. Beverly Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,195. Here are the most affordable Downtown Morristown apartments for rent in Morristown, NJ:

Apartment ListingModel NameBed/BathPriced From
Franklin Manor Apartments1BR/1BA1BR,1BA$2,150
Beverly GardensDeluxe 1 Bed 1 Bath1BR,1BA$2,195
Washington Park Terrace1 Bedroom1BR,1BA$2,275

Best Value Apartments for Rent in Downtown Morristown, NJ

As of January 28, 2026 the best value apartment in the Downtown Morristown area is the $2.21 price per square foot Three Bed Model at Carriage House in the in the Downtown Morristown neighborhood starting from $3,885. The second greatest value Downtown Morristown apartment is the Eisenhower Model at The Monroe starting at $4,144 with a $3.10 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Carriage HouseThree Bed3BR,2.5BA$2.21
The MonroeEisenhower2BR,2BA$3.10
The Regency on Elm2 Bedroom2BR,2BA$2.65
Morristown Gateway ApartmentsTwo Bedroom Standard2BR,2BA$2.90
LAFAYETTE COURT L.L.C.LAFAYETTE2BR,2BA$3.00
The Carlton1 bedroom 1 bathroom1BR,1BA$2.36
Morris-Hill Apartments2 BR Spacious Renovated2BR,1BA$2.52
Blair HouseONE BEDROOM. 1.5 BATH1BR,1.5BA$2.54
Olde Forge East TownhousesOne Bedroom1BR,1BA$2.55
Morris Crossing Townhouses1 Bedroom with Back Patio/Yard1BR,1BA$3.00

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
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Pet Friendly Lifestyle
Downtown Morristown, Morristown, NJ

Ranked #1

Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown Morristown

What type of rentals are currently available in Downtown Morristown?

There are currently 94 Apartments for Rent in Downtown Morristown, NJ with pricing that ranges from $1,195 to $8,395. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Morristown ranging from $2,500 to $6,500.

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 $2,500 to $6,500 with an average monthly rent of $4,315.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.