Cheap Homes for Rent in Morristown, NJ from $1,900 (8 Rentals)

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

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Morristown, NJ Local Guide

Cheapest Neighborhoods for Apartments in Morristown, NJ

Pricing Updated: 05/14/2025

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$5,250$1,85060

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 $1,825. General Wayne and Ridgedale Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,185. Here is today’s list of the most affordable Morristown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parsippany VillageOne Bedroom1BR,1BA$1,825
General Wayne and Ridgedale GardensONE BEDROOM1BR,1BA$2,185
Modera 44S1 StudioStudio,1BA$2,202

Best Value Apartments for Rent in Morristown, NJ

As of May 15, 2025 the best value apartment in the 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 Morristown apartment is the 32 Madison St Model at 32 Madison St, Unit 1 starting at $3,200 with a $2.13 price per square foot in the Downtown Morristown neighborhood. 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.
Carriage HouseThree Bed3BR,2.5BA$2.21
32 Madison St, Unit 132 Madison St1BR,1BA$2.13
Ridgeview Commons$2.12/sq.ft. - Garland2BR,2BA$2.13
Powder Mill Heights$3.12/sq.ft. - Model P1W/P1E1BR,1BA$1.93
Whippany Village ApartmentsB92BR,2BA$2.75
Elmwood Gardens2 BR 1 Bath Renovated2BR,1BA$2.52
The M at MorristownA51BR,1BA$3.10
Franklin Hill Apartments1BR Avail 3/15/251BR,1BA$2.58
Olde Forge East TownhousesOne Bedroom1BR,1BA$2.55
Parsippany VillageOne Bedroom1BR,1BA$2.81

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 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 $1,664 to $8,893. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morristown ranging from $1,950 to $15,500.

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 $1,950 to $15,500 with an average monthly rent of $4,739.

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 $1,917 to $5,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,750 to $5,300. Four Bedroom Single-Family rentals are also available starting from $3,550 and Four Bedroom Apartments start at $4,000.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.