Morristown
Over the past 3–6 months, rents in Morristown have remained relatively stable to modestly rising. For smaller units (studios & 1-bedrooms) we have seen slight increases. 2-bedroom units also remain relatively stable, and we see the largest increase in larger 3-bedroom units. This dynamic is largely driven by tight inventory, steady demand from commuters and local professionals, and limited new high-density supply in the short term. As of October 2025, the median rent across all unit types in Morristown is about $3,000/month, indicating the area's competitive rental market.
Princeton
Over the past 3-6 months, average rents in Princeton have held relatively steady to modestly upward, with slight month-to-month increases in many segments. Recent Zillow data suggests rents have ticked up by about $77 over a month, while year-over-year figures show a small decline overall in average rent. This stability (and modest upward pressure) is largely driven by tight inventory, sustained demand from students/academics and professionals, and limited new rental supply in a small market. As of October 2025, the current average rent across all unit types in Princeton is approximately $3,406/month.
Jersey City
Over the past 3 to 6 months, rental rates in Jersey City have shown a modest downward drift after a period of relative stability. Some sources indicate that one-bedroom rents have dropped ~12% year-over-year and two-bedroom rents by ~16%, even as higher end buildings hold firmer. These shifts are largely being driven by increased new construction supply, softening demand at the top end, and heightened competition among landlords in newer developments. While market averages largely differ by proximity to downtown areas and public transit, as of October 2025, the current median rent across the region is about $3,000/month (all unit types combined).
Recent listings
Below are some recent listing examples.
Morristown
Princeton
Jersey City
(Data sourced from Apartments.com)