Forty Five Market
45 Market St,
Morristown, NJ 07960
$4,450 | 2 Beds
Downtown Morristown
Morristown, NJ
Downtown Morristown - Morristown, NJ
Area Guide
An alluring blend of historic charm and modern convenience
Historic
•
Charming
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Vibrant
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Walkable
•
Picturesque
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Morristown is home to one of the best downtown areas in New Jersey. Downtown Morristown offers a unique blend of historic charm and modern convenience with a slew of diverse restaurants, boutiques, bars, and cafes in brick buildings along South Street, Morris Street, and Speedwell Avenue.
The Morristown Green lies at the heart of the neighborhood, providing 2.5 acres of lush green space for community festivals and events held throughout the year. Apartments in Downtown Morristown are generally within walking distance of the Green as well as the countless shopping and dining options on the community’s main thoroughfares. NJ Transit’s Morristown Station sits in the eastern portion of the neighborhood, connecting Downtown Morristown to Manhattan in about an hour.
Rent Trends
As of July 2025, the average apartment rent in Downtown Morristown is $2,077 for a studio, $2,664 for one bedroom, $3,682 for two bedrooms, and $4,261 for three bedrooms. Apartment rent in Downtown Morristown has increased by 0.8% in the past year.
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Studio
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461 sq ft
Average Sq Ft
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$2,077/month
Average Rent
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1 BR
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737 sq ft
Average Sq Ft
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$2,664/month
Average Rent
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2 BR
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1,081 sq ft
Average Sq Ft
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$3,682/month
Average Rent
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3 BR
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1,584 sq ft
Average Sq Ft
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$4,261/month
Average Rent
Transportation
95
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
37
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
45
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Historic Speedwell
- Willowwood Arboretum
- Patriot's Path
- Frelinghuysen Arboretum
- Fosterfields Living Historical Farm
Commuter Rail
Military Bases
Airports
- Newark Liberty International
- LaGuardia
Top Apartments in Downtown Morristown
Houses for Rent in Downtown Morristown
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.