Morris County, NJ

2024 Fair Market Rents

Tags: 2024 Newark, NJ HUD Metro FMR Area

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Return to the state page to see where New Jersey ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Morris County are Morristown, Parsippany, Hackettstown, and Basking Ridge. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Morris County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Morris County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Morris County compare?

Morris County ($1,916) has a 1.4% higher FMR for 2-Bedroom housing than the average of New Jersey ($1,889) and therefore a higher gross rent.

Morris County is rank 6th out of 21 counties. This means the FMRs, or in other words, the gross rent is higher than 15 other counties. Morris County is the 6th most expensive county in terms of FMRs.

Rent Tables Morris County, NJ

Fair Market Rent (40th Percentile)

$1,379
studio
$1,590
1-Bedroom
$1,916
2-Bedroom
$2,424
3-Bedroom
$2,800
4-Bedroom

Median Rent (50th Percentile)

$1,484
studio
$1,710
1-Bedroom
$2,061
2-Bedroom
$2,607
3-Bedroom
$3,012
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
07828 $1,260 $1,450 $1,750 $2,210 $2,560
07840 $1,260 $1,390 $1,680 $2,120 $2,470
07403 $1,660 $1,950 $2,240 $2,770 $3,490
07435 $1,530 $1,780 $2,090 $2,610 $3,160
07438 $1,570 $1,810 $2,170 $2,740 $3,190
07460 $2,070 $2,380 $2,870 $3,620 $4,200
07920 $2,150 $2,410 $3,040 $3,680 $4,050
07931 $1,950 $2,210 $2,760 $3,370 $3,750
07934 $1,790 $2,010 $2,530 $3,060 $3,370
07005 $1,500 $1,730 $2,090 $2,640 $3,050
07034 $1,240 $1,430 $1,720 $2,180 $2,510
07035 $1,610 $1,860 $2,240 $2,830 $3,270
07045 $2,070 $2,380 $2,870 $3,630 $4,190
07046 $1,560 $1,800 $2,170 $2,740 $3,170
07054 $1,580 $1,830 $2,200 $2,780 $3,210
07058 $2,000 $2,310 $2,780 $3,520 $4,060
07082 $2,070 $2,380 $2,870 $3,630 $4,190
07405 $1,430 $1,650 $1,990 $2,520 $2,910
07435 $1,530 $1,780 $2,090 $2,610 $3,160
07438 $1,570 $1,810 $2,170 $2,740 $3,190
07440 $1,500 $1,730 $2,090 $2,640 $3,050
07444 $1,780 $2,050 $2,470 $3,120 $3,610
07457 $2,070 $2,380 $2,870 $3,630 $4,190
07460 $2,070 $2,380 $2,870 $3,620 $4,200
07801 $1,610 $1,850 $2,230 $2,820 $3,260
07802 $1,660 $1,910 $2,300 $2,910 $3,360
07803 $1,770 $2,040 $2,460 $3,110 $3,590
07806 $1,660 $1,910 $2,300 $2,910 $3,360
07828 $1,260 $1,450 $1,750 $2,210 $2,560
07834 $1,610 $1,850 $2,230 $2,820 $3,260
07836 $1,680 $1,930 $2,330 $2,950 $3,400
07840 $1,260 $1,390 $1,680 $2,120 $2,470
07842 $1,620 $1,860 $2,240 $2,840 $3,280
07845 $1,660 $1,910 $2,300 $2,910 $3,360
07847 $1,710 $1,970 $2,380 $3,010 $3,480
07849 $1,500 $1,730 $2,090 $2,640 $3,050
07850 $1,460 $1,680 $2,030 $2,570 $2,970
07852 $1,610 $1,850 $2,230 $2,820 $3,260
07853 $1,530 $1,810 $2,170 $2,760 $3,240
07856 $2,070 $2,380 $2,870 $3,630 $4,190
07857 $1,200 $1,390 $1,670 $2,110 $2,440
07866 $1,560 $1,790 $2,160 $2,730 $3,160
07869 $1,540 $1,780 $2,140 $2,710 $3,130
07870 $1,260 $1,400 $1,690 $2,120 $2,470
07876 $1,880 $2,170 $2,610 $3,300 $3,810
07878 $1,880 $2,160 $2,600 $3,290 $3,800
07885 $1,730 $2,000 $2,410 $3,050 $3,520
07920 $2,150 $2,410 $3,040 $3,680 $4,050
07926 $2,000 $2,310 $2,780 $3,520 $4,060
07927 $2,070 $2,380 $2,870 $3,630 $4,190
07928 $2,030 $2,340 $2,820 $3,570 $4,120
07930 $1,630 $1,870 $2,260 $2,860 $3,300
07931 $1,950 $2,210 $2,760 $3,370 $3,750
07932 $2,070 $2,380 $2,870 $3,630 $4,190
07933 $1,770 $2,030 $2,460 $3,100 $3,560
07934 $1,790 $2,010 $2,530 $3,060 $3,370
07935 $1,880 $2,170 $2,620 $3,310 $3,820
07936 $2,070 $2,380 $2,870 $3,630 $4,190
07940 $1,910 $2,210 $2,660 $3,360 $3,890
07945 $1,700 $1,960 $2,360 $2,990 $3,450
07946 $2,070 $2,380 $2,870 $3,630 $4,190
07950 $2,070 $2,380 $2,870 $3,630 $4,190
07960 $2,000 $2,310 $2,780 $3,520 $4,060
07961 $2,060 $2,370 $2,860 $3,610 $4,170
07962 $1,660 $1,910 $2,300 $2,910 $3,360
07963 $1,660 $1,910 $2,300 $2,910 $3,360
07970 $1,730 $2,000 $2,410 $3,050 $3,520
07974 $1,800 $2,070 $2,500 $3,160 $3,650
07976 $1,390 $1,600 $1,930 $2,440 $2,820
07980 $1,530 $1,760 $2,120 $2,680 $3,100
07981 $2,070 $2,380 $2,870 $3,630 $4,190
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
07828 $1,134 $1,305 $1,575 $1,989 $2,304
07840 $1,134 $1,251 $1,512 $1,908 $2,223
07403 $1,494 $1,755 $2,016 $2,493 $3,141
07435 $1,377 $1,602 $1,881 $2,349 $2,844
07438 $1,413 $1,629 $1,953 $2,466 $2,871
07460 $1,863 $2,142 $2,583 $3,258 $3,780
07920 $1,935 $2,169 $2,736 $3,312 $3,645
07931 $1,755 $1,989 $2,484 $3,033 $3,375
07934 $1,611 $1,809 $2,277 $2,754 $3,033
07005 $1,350 $1,557 $1,881 $2,376 $2,745
07034 $1,116 $1,287 $1,548 $1,962 $2,259
07035 $1,449 $1,674 $2,016 $2,547 $2,943
07045 $1,863 $2,142 $2,583 $3,267 $3,771
07046 $1,404 $1,620 $1,953 $2,466 $2,853
07054 $1,422 $1,647 $1,980 $2,502 $2,889
07058 $1,800 $2,079 $2,502 $3,168 $3,654
07082 $1,863 $2,142 $2,583 $3,267 $3,771
07405 $1,287 $1,485 $1,791 $2,268 $2,619
07435 $1,377 $1,602 $1,881 $2,349 $2,844
07438 $1,413 $1,629 $1,953 $2,466 $2,871
07440 $1,350 $1,557 $1,881 $2,376 $2,745
07444 $1,602 $1,845 $2,223 $2,808 $3,249
07457 $1,863 $2,142 $2,583 $3,267 $3,771
07460 $1,863 $2,142 $2,583 $3,258 $3,780
07801 $1,449 $1,665 $2,007 $2,538 $2,934
07802 $1,494 $1,719 $2,070 $2,619 $3,024
07803 $1,593 $1,836 $2,214 $2,799 $3,231
07806 $1,494 $1,719 $2,070 $2,619 $3,024
07828 $1,134 $1,305 $1,575 $1,989 $2,304
07834 $1,449 $1,665 $2,007 $2,538 $2,934
07836 $1,512 $1,737 $2,097 $2,655 $3,060
07840 $1,134 $1,251 $1,512 $1,908 $2,223
07842 $1,458 $1,674 $2,016 $2,556 $2,952
07845 $1,494 $1,719 $2,070 $2,619 $3,024
07847 $1,539 $1,773 $2,142 $2,709 $3,132
07849 $1,350 $1,557 $1,881 $2,376 $2,745
07850 $1,314 $1,512 $1,827 $2,313 $2,673
07852 $1,449 $1,665 $2,007 $2,538 $2,934
07853 $1,377 $1,629 $1,953 $2,484 $2,916
07856 $1,863 $2,142 $2,583 $3,267 $3,771
07857 $1,080 $1,251 $1,503 $1,899 $2,196
07866 $1,404 $1,611 $1,944 $2,457 $2,844
07869 $1,386 $1,602 $1,926 $2,439 $2,817
07870 $1,134 $1,260 $1,521 $1,908 $2,223
07876 $1,692 $1,953 $2,349 $2,970 $3,429
07878 $1,692 $1,944 $2,340 $2,961 $3,420
07885 $1,557 $1,800 $2,169 $2,745 $3,168
07920 $1,935 $2,169 $2,736 $3,312 $3,645
07926 $1,800 $2,079 $2,502 $3,168 $3,654
07927 $1,863 $2,142 $2,583 $3,267 $3,771
07928 $1,827 $2,106 $2,538 $3,213 $3,708
07930 $1,467 $1,683 $2,034 $2,574 $2,970
07931 $1,755 $1,989 $2,484 $3,033 $3,375
07932 $1,863 $2,142 $2,583 $3,267 $3,771
07933 $1,593 $1,827 $2,214 $2,790 $3,204
07934 $1,611 $1,809 $2,277 $2,754 $3,033
07935 $1,692 $1,953 $2,358 $2,979 $3,438
07936 $1,863 $2,142 $2,583 $3,267 $3,771
07940 $1,719 $1,989 $2,394 $3,024 $3,501
07945 $1,530 $1,764 $2,124 $2,691 $3,105
07946 $1,863 $2,142 $2,583 $3,267 $3,771
07950 $1,863 $2,142 $2,583 $3,267 $3,771
07960 $1,800 $2,079 $2,502 $3,168 $3,654
07961 $1,854 $2,133 $2,574 $3,249 $3,753
07962 $1,494 $1,719 $2,070 $2,619 $3,024
07963 $1,494 $1,719 $2,070 $2,619 $3,024
07970 $1,557 $1,800 $2,169 $2,745 $3,168
07974 $1,620 $1,863 $2,250 $2,844 $3,285
07976 $1,251 $1,440 $1,737 $2,196 $2,538
07980 $1,377 $1,584 $1,908 $2,412 $2,790
07981 $1,863 $2,142 $2,583 $3,267 $3,771
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
07828 $1,386 $1,595 $1,925 $2,431 $2,816
07840 $1,386 $1,529 $1,848 $2,332 $2,717
07403 $1,826 $2,145 $2,464 $3,047 $3,839
07435 $1,683 $1,958 $2,299 $2,871 $3,476
07438 $1,727 $1,991 $2,387 $3,014 $3,509
07460 $2,277 $2,618 $3,157 $3,982 $4,620
07920 $2,365 $2,651 $3,344 $4,048 $4,455
07931 $2,145 $2,431 $3,036 $3,707 $4,125
07934 $1,969 $2,211 $2,783 $3,366 $3,707
07005 $1,650 $1,903 $2,299 $2,904 $3,355
07034 $1,364 $1,573 $1,892 $2,398 $2,761
07035 $1,771 $2,046 $2,464 $3,113 $3,597
07045 $2,277 $2,618 $3,157 $3,993 $4,609
07046 $1,716 $1,980 $2,387 $3,014 $3,487
07054 $1,738 $2,013 $2,420 $3,058 $3,531
07058 $2,200 $2,541 $3,058 $3,872 $4,466
07082 $2,277 $2,618 $3,157 $3,993 $4,609
07405 $1,573 $1,815 $2,189 $2,772 $3,201
07435 $1,683 $1,958 $2,299 $2,871 $3,476
07438 $1,727 $1,991 $2,387 $3,014 $3,509
07440 $1,650 $1,903 $2,299 $2,904 $3,355
07444 $1,958 $2,255 $2,717 $3,432 $3,971
07457 $2,277 $2,618 $3,157 $3,993 $4,609
07460 $2,277 $2,618 $3,157 $3,982 $4,620
07801 $1,771 $2,035 $2,453 $3,102 $3,586
07802 $1,826 $2,101 $2,530 $3,201 $3,696
07803 $1,947 $2,244 $2,706 $3,421 $3,949
07806 $1,826 $2,101 $2,530 $3,201 $3,696
07828 $1,386 $1,595 $1,925 $2,431 $2,816
07834 $1,771 $2,035 $2,453 $3,102 $3,586
07836 $1,848 $2,123 $2,563 $3,245 $3,740
07840 $1,386 $1,529 $1,848 $2,332 $2,717
07842 $1,782 $2,046 $2,464 $3,124 $3,608
07845 $1,826 $2,101 $2,530 $3,201 $3,696
07847 $1,881 $2,167 $2,618 $3,311 $3,828
07849 $1,650 $1,903 $2,299 $2,904 $3,355
07850 $1,606 $1,848 $2,233 $2,827 $3,267
07852 $1,771 $2,035 $2,453 $3,102 $3,586
07853 $1,683 $1,991 $2,387 $3,036 $3,564
07856 $2,277 $2,618 $3,157 $3,993 $4,609
07857 $1,320 $1,529 $1,837 $2,321 $2,684
07866 $1,716 $1,969 $2,376 $3,003 $3,476
07869 $1,694 $1,958 $2,354 $2,981 $3,443
07870 $1,386 $1,540 $1,859 $2,332 $2,717
07876 $2,068 $2,387 $2,871 $3,630 $4,191
07878 $2,068 $2,376 $2,860 $3,619 $4,180
07885 $1,903 $2,200 $2,651 $3,355 $3,872
07920 $2,365 $2,651 $3,344 $4,048 $4,455
07926 $2,200 $2,541 $3,058 $3,872 $4,466
07927 $2,277 $2,618 $3,157 $3,993 $4,609
07928 $2,233 $2,574 $3,102 $3,927 $4,532
07930 $1,793 $2,057 $2,486 $3,146 $3,630
07931 $2,145 $2,431 $3,036 $3,707 $4,125
07932 $2,277 $2,618 $3,157 $3,993 $4,609
07933 $1,947 $2,233 $2,706 $3,410 $3,916
07934 $1,969 $2,211 $2,783 $3,366 $3,707
07935 $2,068 $2,387 $2,882 $3,641 $4,202
07936 $2,277 $2,618 $3,157 $3,993 $4,609
07940 $2,101 $2,431 $2,926 $3,696 $4,279
07945 $1,870 $2,156 $2,596 $3,289 $3,795
07946 $2,277 $2,618 $3,157 $3,993 $4,609
07950 $2,277 $2,618 $3,157 $3,993 $4,609
07960 $2,200 $2,541 $3,058 $3,872 $4,466
07961 $2,266 $2,607 $3,146 $3,971 $4,587
07962 $1,826 $2,101 $2,530 $3,201 $3,696
07963 $1,826 $2,101 $2,530 $3,201 $3,696
07970 $1,903 $2,200 $2,651 $3,355 $3,872
07974 $1,980 $2,277 $2,750 $3,476 $4,015
07976 $1,529 $1,760 $2,123 $2,684 $3,102
07980 $1,683 $1,936 $2,332 $2,948 $3,410
07981 $2,277 $2,618 $3,157 $3,993 $4,609

Fair Market Rents on this page apply to the following cities in Morris County, New Jersey: Morristown, Parsippany, Hackettstown, Basking Ridge, Randolph, Rockaway, Dover, Morris Plains, Chatham, Denville, Butler, Boonton, Madison, Long Valley, Budd Lake, East Hanover, New Providence, Flanders, Oak Ridge, and Pompton Plains.

These Fair Market Rents also apply to the following ZIP codes in Morris County, New Jersey: 07960, 07054, 07840, 07920, 07869, 07866, 07801, 07950, 07928, 07834, 07405, 07005, 07940, 07853, 07828, 07936, 07974, 07836, 07438, and 07444.

Morris County, NJ is considered part of the following metro FMR area: NEWARK, NJ HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Essex County, NJ, Sussex County, NJ, and Union County, NJ.

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Fair Market Rents are published by the Department of Housing And Urban Development.