The American
1000 The American Rd,
Morris Plains, NJ 07950
1-2 Beds | $2,644 - $4,575
$2,565/month
Average Rent
764 Sq Ft
Average Apartment Size
+2.2%
Increase in the Last Year
As of March 2025, the average rent in Morristown, NJ is $2,565 per month. This is 65% higher than the national average rent price of $1,559/month, making Morristown one of the most expensive cities in the US. When you rent an apartment in Morristown, you can expect to pay about $2,130 per month for a studio, $2,565 for a one-bedroom apartment, and around $3,424 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,408 or more.
In the past year, rent has increased by 2.2%, which averages out to $58 more per month.
Based on current rent prices, Downtown Morristown is the most affordable neighborhood in Morristown.
Based on current rent prices, Downtown Morristown is the most expensive neighborhood in Morristown.
The neighborhood in Morristown with the most apartments available is Downtown Morristown .
Because the average rent in Morristown is $2,565, you’ll want to make about $8,550 per month or $102,600 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
The cost of living in Morristown, NJ is 6.5% higher than the national average. Generally, housing in Morristown is 22.8% more expensive than the national average, with rent falling between $2,130 - $3,424. You can expect to pay 2.3% more for groceries, 3.2% less for utilities, and 3.1% less for transportation.
Use the tool below to compare Morristown, NJ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.