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 May 2026, the average rent in Parsippany, NJ is $2,206 per month, which is 15% higher than the national average rent of $1,910 per month.
AVERAGE RENT
$2,206
1.9%$41 increase month-over-month
0.8%$16 increase year-over-year
AVAILABLE RENTALS
17
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, apartments are the most affordable rental option in Parsippany, NJ at $1,714 per month, while townhomes are the most expensive at $3,917 per month. Houses average $3,750 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,940 |
| 2 Bedrooms | $2,745 |
| 3 Bedrooms | $3,917 |
| 4 Bedrooms | — |
| All | $2,206 |
As of May 2026, the average rent for a 1 bedroom rental in Parsippany, NJ is $1,940 per month, followed by $2,745 for a 2 bedroom rental, and $3,917 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $3,917 |
| 4 Bedrooms | — |
| All | $3,917 |
As of May 2026, the average rent for a 3 bedroom townhome in Parsippany, NJ is $3,917 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $925 |
| 2 Bedrooms | — |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $925 |
As of May 2026, the average rent for a 1 bedroom apartment in Parsippany, NJ is $925 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $3,750 |
| 4 Bedrooms | — |
| All | $3,750 |
As of May 2026, the average rent for a 3 bedroom house in Parsippany, NJ is $3,750 per month.
Average rent trends and rent ranges
Average rent price over time
In the past year, there has been no change in rent price.
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 $925 to $3,975.
