Morristown, NJ Rent History
114 months of data, 2017–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-06)
$2,860
1-year change
-1.6%
$-46/mo
5-year change
+21.5%
$506/mo
Monthly rent trend
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Year-by-year rent in Morristown
| Year | Median rent | YoY change | vs 2017 |
|---|---|---|---|
| 2017 | $2,188/mo | — | 0.0% |
| 2018 | $2,259/mo | +3.2% | +3.2% |
| 2019 | $2,293/mo | +1.5% | +4.8% |
| 2020 | $2,311/mo | +0.8% | +5.6% |
| 2021 | $2,275/mo | -1.6% | +4.0% |
| 2022 | $2,595/mo | +14.1% | +18.6% |
| 2023 | $2,774/mo | +6.9% | +26.8% |
| 2024 | $2,805/mo | +1.1% | +28.2% |
| 2025 | $2,904/mo | +3.5% | +32.7% |
| 2026 | $2,923/mo | +0.7% | +33.6% |
Frequently asked questions
How much has rent in Morristown changed since 2017?
Median rent in Morristown, NJ was $2,169 in 2017-01 and is $2,860 as of 2026-06 — a change of $691 per month over 9 years.
How much has Morristown rent increased in the last 5 years?
Over the past 5 years, median rent in Morristown, NJ has changed +21.5% ($506 per month). The current median is $2,860.
Is rent in Morristown going up or down year over year?
Year over year, median rent in Morristown, NJ has decreased -1.6% ($-46/mo). Current median: $2,860.