Cheap Homes for Rent in Downtown Morristown Neighborhood of Morristown, NJ from $2,500 (3 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

property at 6 Altamont Ct

6 Altamont Ct, Unit 2

6 Altamont Ct
MorristownNJ07960

Downtown Morristown, Morristown, NJ Local Guide

Best Value Apartments for Rent in Downtown Morristown, NJ

As of April 15, 2025 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 Two Bedroom Standard Model at Morristown Gateway Apartments starting at $2,950 with a $2.67 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
Morristown Gateway ApartmentsTwo Bedroom Standard2BR,2BA$2.67
Elmwood Gardens2 BR 1 Bath Renovated2BR,1BA$2.52
View Point Terrace2 Bedroom2BR,1BA$2.90
Franklin Hill Apartments1BR Avail 3/15/251BR,1BA$2.58
Olde Forge East TownhousesOne Bedroom1BR,1BA$2.55
Eleven Dehartml-a051BR,1BA$3.72
The Metropolitan at 40 ParkA11BR,1BA$3.94
Chancery SquareA11BR,1BA$3.92
Washington Park Terrace1 Bedroom1BR,1BA$3.60

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown Morristown

What type of rentals are currently available in Downtown Morristown?

There are currently 91 Apartments for Rent in Downtown Morristown, NJ with pricing that ranges from $1,850 to $10,000. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Morristown ranging from $2,500 to $5,750.

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 $5,750 with an average monthly rent of $4,579.

How much are larger Three and Four Bedroom Rentals in Downtown Morristown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Morristown range from $3,650 to $5,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,500 to $5,300. Four Bedroom Single-Family rentals are also available starting from $4,750 and Four Bedroom Apartments start at $3,995.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.