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 June 2026, the average rent in Parsippany, NJ is $2,291 per month, which is 17% higher than the national average rent of $1,951 per month.
AVERAGE RENT
$2,291
3.4%$74 increase month-over-month
-6.5%-$159 decrease year-over-year
AVAILABLE RENTALS
17
APARTMENTS
HOUSES
TOWNHOUSES
As of June 2026, apartments are the most affordable rental option in Parsippany, NJ at $2,241 per month, while houses are the most expensive at $4,250 per month. Townhomes average $4,000 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $2,036 |
| 2 Bedrooms | $2,643 |
| 3 Bedrooms | $4,000 |
| 4 Bedrooms | $4,250 |
| All | $2,291 |
As of June 2026, the average rent for a 1 bedroom rental in Parsippany, NJ is $2,036 per month, followed by $2,643 for a 2 bedroom rental, $4,000 for a 3 bedroom rental, and $4,250 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $4,000 |
| 4 Bedrooms | — |
| All | $4,000 |
As of June 2026, the average rent for a 3 bedroom townhome in Parsippany, NJ is $4,000 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $2,500 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $2,500 |
As of June 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 | — |
| 4 Bedrooms | $4,250 |
| All | $4,250 |
As of June 2026, the average rent for a 4 bedroom house in Parsippany, NJ is $4,250 per month.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -3% compared to the previous year, which is a $66 decrease.
This year (2026)
Last year (2025)
Rent distribution
37% of rentals have rent of $2,200-$2,999/month
Rental price range
The price range for rentals is $1,777 to $4,250.
