True Cost of Renting in Morristown, NJ
Morristown is the Morris County seat and one of New Jersey's most dynamic suburban downtowns — genuinely walkable with excellent restaurants, a historic green, and strong arts programming. The Morristown Green has been the heart of New Jersey colonial history. NJ Transit Morris & Essex line access to NYC Penn Station (55 min) makes it popular with NYC commuters seeking suburban quality of life.
Neighborhoods & Average Rents
Downtown Morristown / The Green
- Studio:
- $1,800/mo
- 1 Bed:
- $2,200/mo
- 2 Bed:
- $3,000/mo
Walkable downtown surrounding the historic Morristown Green; restaurants, bars, and boutique shops within walking distance. New luxury apartment buildings with amenity packages. JCP&L electric. Monthly NJ Transit pass to NYC Penn ~$265. Parking included in most buildings.
Morris Township / Convent Station
- 1 Bed:
- $2,000/mo
- 2 Bed:
- $2,800/mo
Surrounding township with suburban apartment complexes; Convent Station NJ Transit stop provides alternative commute option. Quieter residential character. Car helpful. More family-oriented demographics than downtown.
Florham Park / Madison Adjacent
- 1 Bed:
- $2,100/mo
- 2 Bed:
- $2,900/mo
Upscale suburban township with major corporate headquarters (Genentech, Honeywell International, Zoetis); Madison NJ Transit station. Higher rents reflecting premium school districts and corporate employment concentration. Car required.
Utility Providers
- Electric
- JCP&L (Jersey Central Power & Light)
- Water
- New Jersey American Water
- Internet
- Optimum, Verizon Fios, Spectrum
Commute & Transportation
The Morristown NJ Transit station (Morris & Essex Line) serves Midtown Direct trains to NYC Penn Station in 55–65 minutes. Monthly passes run approximately $260–280. I-287 (the Western Bypass) connects Morris County to the Turnpike (south) and I-80 (north). Major employers in the Morristown area: Atlantic Health System (Morristown Medical Center, 6,000+ employees), Honeywell International (Florham Park), Genentech/Roche (Parsippany), Zoetis, and numerous financial services firms that relocated to Morris County for lower taxes.
Rental Market Overview
Morristown commands a premium in Morris County for its walkable downtown — an authentic rarity in suburban New Jersey. JCP&L electric rates are moderate. The NJ Transit commute to NYC is longer than Hudson County (55 min vs 10 min) but rents are significantly lower than Hoboken or Jersey City. Morris County has excellent schools, contributing to family renter demand. Monthly NJ Transit passes add ~$265/month for NYC commuters. Renters insurance averages $14–20/month. New luxury construction has increased supply but demand remains strong from both local corporate employment and NYC commuters.
Data last updated: 2026-04
Compare Apartments in Morristown
Enter your rental options below to see the true all-in monthly cost.