Cheap Homes for Rent in Morristown, NJ from $1,900 (9 Rentals)

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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.

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.

Morristown, NJ Local Guide

Cheapest Neighborhoods for Apartments in Morristown, NJ

Pricing Updated: 05/07/2026

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$4,150$1,19553

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
Washington Park Terrace1 Bedroom1BR,1BA$2,275

Best Value Apartments for Rent in Morristown, NJ

As of May 07, 2026 the best value apartment in the 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 Morristown apartment is the Townhome E Model at Hanover Mills starting at $5,100 with a $2.28 price per square foot . 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.
161 Washington St, Unit 1161 Washington St1BR,1BA$0.23
Hanover MillsTownhome E2BR,2.5BA$2.28
Powder Mill Heights$2.27/sq.ft. - Model P2WB/P2EB2BR,2BA$1.46
50 Western Ave, Unit 2L50 Western Ave4BR,2BA$2.08
Carriage House TownhomesThree Bed3BR,2.5BA$2.21
Ridgeview Commons$2.77/sq.ft. - Dogwood2BR,2BA$2.77
Olde Forge East TownhousesTwo Bedroom2BR,1.5BA$2.48
The Carlton1 bedroom 1 bathroom1BR,1BA$2.36
Blair HouseONE BEDROOM. 1.5 BATH1BR,1.5BA$2.54
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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Morristown

What type of rentals are currently available in Morristown?

There are currently 153 Apartments for Rent in Morristown, NJ with pricing that ranges from $1,195 to $6,600. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morristown ranging from $1,950 to $5,300.

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 $1,950 to $5,300 with an average monthly rent of $3,629.

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 $3,000 to $6,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,850 to $5,300. Four Bedroom Single-Family rentals are also available starting from $4,500 and Four Bedroom Apartments start at $4,150.

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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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.

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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.

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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.

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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.