Cheap Homes for Rent in Morristown, NJ from $2,100 (10 Rentals)

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

property at 320 South St

$2,500

1 Bedroom, 1 Bath Home for Rent

Available Now

320 South 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.

property at 41 Mt Kemble Ave

$2,700

2 Bedroom, 2 Bath Home for Rent

Available Now

41 Mt Kemble Ave

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.

Morristown, NJ Local Guide

Cheapest Neighborhoods for Apartments in Morristown, NJ

Pricing Updated: 02/04/2026

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$5,900$2,50012

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 $1,705. General Wayne and Ridgedale Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,040. Here is today’s list of the most affordable Morristown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parsippany VillageOne Bedroom1BR,1BA$1,705
General Wayne and Ridgedale GardensONE BEDROOM1BR,1BA$2,040
Heritage HouseSTUDIO 03Studio,1BA$2,150

Best Value Apartments for Rent in Morristown, NJ

As of February 04, 2026 the best value apartment in the Morristown area is the $1.49 price per square foot $3.52/sq.ft. - Model P2WSB/P2ESB Model at Powder Mill Heights in the starting from $2,995. The second greatest value Morristown apartment is the $2.13/sq.ft. - Oak Model at Mountain Way Estates starting at $4,050 with a $2.24 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.
Powder Mill Heights$3.52/sq.ft. - Model P2WSB/P2ESB2BR,2BA$1.49
Mountain Way Estates$2.13/sq.ft. - Oak3BR,2.5BA$2.24
Carriage HouseThree Bed3BR,2.5BA$2.21
Ridgeview Commons$2.60/sq.ft. - Dogwood2BR,2BA$2.60
The Regency on Elm2 Bedroom2BR,2BA$2.65
Morris-Hill Apartments2 BR Spacious Renovated2BR,1BA$2.52
The Carlton1 bedroom 1 bathroom1BR,1BA$2.36
Blair HouseONE BEDROOM. 1.5 BATH1BR,1.5BA$2.54
Olde Forge East TownhousesOne Bedroom1BR,1BA$2.55
Parsippany VillageOne Bedroom1BR,1BA$2.62

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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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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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 152 Apartments for Rent in Morristown, NJ with pricing that ranges from $1,195 to $9,033. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morristown ranging from $2,100 to $6,500.

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 $2,100 to $6,500 with an average monthly rent of $4,203.

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 $3,500 to $6,105, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,850 to $6,500. Four Bedroom Single-Family rentals are also available starting from $4,400 and Four Bedroom Apartments start at $6,400.

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.