|Rent Price||Apr||vs Last Month|
|1 bed apartments||$1,882||+36.8%|
|2 bed apartments||$2,760||+49.2%|
|3 bed apartments||$2,880||N/A|
|4+ bed apartments||$2,400||-40%|
|Rent Type Price||Apr||vs Last Month|
Over the May 2020, the average rent for an apartment in/near Morris Plains, NJ decreased by 13.5% to $2,425. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 36.8% to $1,882. Pricing for 2-bed apartment also increased by 49.2% and a place of this size will now cost you $2,760. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $2,880. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 40% and made it down to $2,400.
Looking at the median rent price for an apartment in Morris Plains, NJ, you can note that it remains flat with a price tag of $2,826. Statistics show that house rent price decreased by 35.8% this month making it up to $2,567. Condos faced an upward trend these days. The median rent for a condo increased by 5.1%, it’s now available for $1,695. An average duplex is now available for $3,200, cause median rent for a duplex remains the same this month. Townhouse rent pricing didn’t change, the price still starts at $2,233.