Morristown, NJ Rent History
117 months of data, 2017–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-09)
$3,119
1-year change
+2.1%
$63/mo
5-year change
+20.2%
$524/mo
10-year change
+39.1%
$877/mo
Monthly rent trend
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Year-by-year rent in Morristown
| Year | Median rent | YoY change | vs 2017 |
|---|---|---|---|
| 2017 | $2,259/mo | — | 0.0% |
| 2018 | $2,340/mo | +3.6% | +3.6% |
| 2019 | $2,373/mo | +1.4% | +5.0% |
| 2020 | $2,391/mo | +0.8% | +5.8% |
| 2021 | $2,365/mo | -1.1% | +4.7% |
| 2022 | $2,697/mo | +14.0% | +19.4% |
| 2023 | $2,882/mo | +6.9% | +27.6% |
| 2024 | $2,924/mo | +1.5% | +29.4% |
| 2025 | $3,056/mo | +4.5% | +35.3% |
| 2026 | $3,066/mo | +0.3% | +35.7% |
Frequently asked questions
How much has rent in Morristown changed since 2017?
Median rent in Morristown, NJ was $2,242 in 2017-01 and is $3,119 as of 2026-09 — a change of $877 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 +20.2% ($524 per month). The current median is $3,119.
What has rent in Morristown done over the past decade?
Over the past 10 years, median rent in Morristown, NJ has changed +39.1% ($877 per month). It is now $3,119.
Is rent in Morristown going up or down year over year?
Year over year, median rent in Morristown, NJ has increased +2.1% ($63/mo). Current median: $3,119.