Fair Market Rent · New Jersey
Fair Market Rent in Morris County, NJ
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Morris County is $2,233 a month, +1.3% from FY2026. Morris County is part of the Newark, NJ HUD Metro FMR Area (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $1,637 | $1,612 | +1.6% | $1,473–1,801 |
| 1 bedroom | $1,850 | $1,822 | +1.5% | $1,665–2,035 |
| 2 bedrooms | $2,233 | $2,205 | +1.3% | $2,010–2,456 |
| 3 bedrooms | $2,785 | $2,761 | +0.9% | $2,506–3,064 |
| 4 bedrooms | $3,188 | $3,137 | +1.6% | $2,869–3,507 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Morris County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 07005 | Boonton | $2,460 | $1,755 | $1,869 |
| 07034 | Lake Hiawatha | $1,990 | $1,797 | $1,550 |
| 07035 | Lincoln Park | $2,400 | $1,984 | $1,857 |
| 07045 | Montville | $2,770 | – | $2,846 |
| 07046 | Mountain Lakes | $2,480 | – | $3,500+ |
| 07054 | Parsippany | $2,640 | $2,005 | $1,731 |
| 07058 | Pine Brook | $3,160 | $2,636 | $2,366 |
| 07082 | Towaco | $2,670 | $3,056 | $1,950 |
| 07405 | Butler | $2,230 | $1,765 | $1,676 |
| 07438 | Oak Ridge | $2,210 | $1,652 | $1,387 |
| 07440 | Pequannock | $2,640 | – | $950 |
| 07444 | Pompton Plains | $2,860 | $3,162 | $3,129 |
| 07457 | Riverdale | $3,280 | $2,540 | $2,424 |
| 07801 | Dover | $2,430 | $1,859 | $1,809 |
| 07803 | Mine Hill | $2,460 | – | $1,771 |
| 07828 | Budd Lake | $2,050 | $1,707 | $1,587 |
| 07834 | Denville | $2,440 | $2,305 | $1,866 |
| 07836 | Flanders | $2,550 | $2,285 | $1,862 |
| 07842 | Hibernia | $2,460 | – | – |
| 07847 | Kenvil | $2,880 | – | $2,220 |
| 07849 | Lake Hopatcong | $2,210 | $1,634 | $1,734 |
| 07850 | Landing | $2,290 | $1,734 | $1,730 |
| 07852 | Ledgewood | $2,560 | $2,543 | $2,118 |
| 07853 | Long Valley | $2,310 | – | $1,677 |
| 07856 | Mount Arlington | $3,170 | $2,559 | $2,447 |
| 07857 | Netcong | $1,990 | $1,848 | $1,443 |
| 07866 | Rockaway | $2,390 | $1,917 | $1,695 |
| 07869 | Randolph | $2,410 | $1,967 | $1,807 |
| 07870 | Schooleys Mountain | $2,200 | – | – |
| 07876 | Succasunna | $3,120 | $1,977 | $2,516 |
| 07878 | Mount Tabor | $3,250 | – | – |
| 07885 | Wharton | $2,550 | $2,207 | $1,798 |
| 07926 | Brookside | $3,340 | – | – |
| 07927 | Cedar Knolls | $3,350 | $3,058 | $2,849 |
| 07928 | Chatham | $3,250 | $2,708 | $2,535 |
| 07930 | Chester | $2,570 | $2,111 | $1,653 |
| 07932 | Florham Park | $3,350 | $2,977 | $3,114 |
| 07933 | Gillette | $2,610 | – | – |
| 07935 | Green Village | $3,300 | – | $2,857 |
| 07936 | East Hanover | $3,350 | $3,172 | $2,711 |
| 07940 | Madison | $3,040 | $2,595 | $2,251 |
| 07945 | Mendham | $2,980 | $3,500+ | $3,500+ |
| 07946 | Millington | $2,940 | – | – |
| 07950 | Morris Plains | $3,350 | $2,746 | $2,612 |
| 07960 | Morristown | $3,340 | $2,609 | $2,306 |
| 07961 | Convent Station | $3,240 | – | – |
| 07970 | Mount Freedom | $2,910 | – | – |
| 07976 | New Vernon | $2,550 | – | – |
| 07980 | Stirling | $2,160 | $1,236 | $1,399 |
| 07981 | Whippany | $3,350 | $3,036 | $2,556 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.