What's the average rent in Parsippany, NJ?
Rental Market Trends in Parsippany, NJ
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SOURCE: TRULIA DATA
Rental market highlights
As of September 2026, the average rent in Parsippany, NJ is $2,295 per month, which is 18% higher than the national average rent of $1,948 per month.
AVERAGE RENT
$2,295
-6.3%-$155 decrease month-over-month
-8.2%-$205 decrease year-over-year
AVAILABLE RENTALS
19
APARTMENTS
HOUSES
TOWNHOUSES
As of September 2026, apartments are the most affordable rental option in Parsippany, NJ at $2,250 per month, while townhomes are the most expensive at $4,150 per month. Houses average $3,950 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,990 |
| 2 Bedrooms | $2,500 |
| 3 Bedrooms | $4,150 |
| 4 Bedrooms | $3,950 |
| All | $2,295 |
As of September 2026, the average rent for a 1 bedroom rental in Parsippany, NJ is $1,990 per month, followed by $2,500 for a 2 bedroom rental, $4,150 for a 3 bedroom rental, and $3,950 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $4,150 |
| 4 Bedrooms | — |
| All | $4,150 |
As of September 2026, the average rent for a 3 bedroom townhome in Parsippany, NJ is $4,150 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $2,500 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $2,500 |
As of September 2026, the average rent for a 2 bedroom apartment in Parsippany, NJ is $2,500 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $3,700 |
| 4 Bedrooms | $3,950 |
| All | $3,950 |
As of September 2026, the average rent for a 3 bedroom house in Parsippany, NJ is $3,700 per month, followed by $3,950 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +5% compared to the previous year, which is a +$125 increase.
This year (2026)
Last year (2025)
Rent distribution
50% of rentals have rent of $1,500-$2,199/month
Rental price range
The price range for rentals is $1,738 to $4,195.
