The Regency on Elm
41 Elm St,
Morristown, NJ 07960
$2,130 - $2,610
Studio - 1 Bed
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
•
Walkable
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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 April 2026, the average apartment rent in Downtown Morristown is $2,105 for a studio, $2,636 for one bedroom, $3,697 for two bedrooms, and $4,128 for three bedrooms. Apartment rent in Downtown Morristown has decreased by -0.7% in the past year.
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Studio
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464 sq ft
Average Sq Ft
-
$2,105/month
Average Rent
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1 BR
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751 sq ft
Average Sq Ft
-
$2,636/month
Average Rent
-
2 BR
-
1,080 sq ft
Average Sq Ft
-
$3,697/month
Average Rent
-
3 BR
-
1,584 sq ft
Average Sq Ft
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$4,128/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Morristown - Morristown, NJ is for everyday living.
Very Walkable
Walkability
80
/ 100
Some Public Transit
Transit
50
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Daily Essentials
Downtown Morristown - Morristown, NJ offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 5 Minute Walk
Groceries
90
/ 100
Good Restaurant Variety Nearby
Restaurants
70
/ 100
Good Café Variety Nearby
Cafes
60
/ 100
Good Variety of Shops Nearby
Shopping
60
/ 100
Recreation
Downtown Morristown - Morristown, NJ provides green space and wellness resources in certain areas.
Very Large Amount of Park Space Nearby
Parks
80
/ 100
Good Wellness Amenity Variety Nearby
Wellness
60
/ 100
Local Vibe
Get a sense of what it’s like to live in Downtown Morristown - Morristown, NJ from everyday activity to noise and nightlife.
Vibrant Atmosphere at Times
Vibrancy
50
/ 100
Fair Nightlife Variety Nearby
Nightlife
50
/ 100
Moderately Noisy
Quiet Score
40
/ 100
Scores provided by
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
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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 February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.