|Rent Price||Dec||vs Last Month|
|1 bed rentals||$2,677||+0.8%|
|2 bed rentals||$3,121||+10.7%|
|3 bed rentals||$2,400||+0%|
|4+ bed rentals||$2,854||+0.9%|
|Rent Type Price||Dec||vs Last Month|
Over the Jan 2020, the average rent for an apartment in/near Morris Township, NJ increased by 4.4% to $2700. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 0.8% to $2677. Pricing for 2-bed apartment also increased by 10.7% and a place of this size will now cost you $3121. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $2400. We tend to note the rise of 4- and more bed apartment pricing. It increased by 0.9% and made it up to $2829.
The median rent for an apartment in Morris Township, NJ increased by 1.4% to $2775. Statistics show that house rent price increased by 5.9% this month making it up to $3200. Condo for rent is now available for the same pricing as previously — $1975. The median rent for a loft did not face significant changes this time, it now still goes for $3675.