Rent by ZIP · Morris County
Rent in Morristown, NJ 07960
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $3,340 (+3.1% vs FY2026). Renters in this ZIP code pay a median $2,306 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,450 | $2,370 | +3.4% | $2,205–2,695 | $1,721 ±$359 |
| 1 bedroom | $2,770 | $2,680 | +3.4% | $2,493–3,047 | $2,096 ±$116 |
| 2 bedrooms | $3,340 | $3,240 | +3.1% | $3,006–3,674 | $2,609 ±$209 |
| 3 bedrooms | $4,170 | $4,060 | +2.7% | $3,753–4,587 | $2,576 ±$220 |
| 4 bedrooms | $4,770 | $4,610 | +3.5% | $4,293–5,247 | $3,197 ±$270 |
Small Area FMRs for the Newark, NJ HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Newark, NJ HUD Metro FMR Area, 2 bedrooms: $2,233.
What renters pay in 07960
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 07950 | Morris Plains | $3,350 | $2,746 |
| 07946 | Millington | $2,940 | – |
| 07974 | New Providence | $2,620 | $2,230 |
| 07945 | Mendham | $2,980 | $3,500+ |
| 07976 | New Vernon | $2,550 | – |
| 07977 | Peapack | $2,750 | – |
Fair Market Rents across Morris County, NJ · All NJ counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.