Rent by ZIP ·
Rent in Morristown, NJ 07962
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,550 (-1.2% vs FY2026).
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,870 | $1,890 | -1.1% | $1,683–2,057 | – |
| 1 bedroom | $2,110 | $2,130 | -0.9% | $1,899–2,321 | – |
| 2 bedrooms | $2,550 | $2,580 | -1.2% | $2,295–2,805 | – |
| 3 bedrooms | $3,180 | $3,230 | -1.5% | $2,862–3,498 | – |
| 4 bedrooms | $3,640 | $3,670 | -0.8% | $3,276–4,004 | – |
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.
The Census doesn't publish reliable rent figures for this ZIP code, usually because few homes here are rented.
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 07960 | Morristown | $3,340 | $2,609 |
| 07950 | Morris Plains | $3,350 | $2,746 |
| 07974 | New Providence | $2,620 | $2,230 |
| 07976 | New Vernon | $2,550 | – |
| 07977 | Peapack | $2,750 | – |
| 07946 | Millington | $2,940 | – |
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.