Cheap Apartments for Rent in 07054
28 rentals
- ROOM FOR RENT
- PET FRIENDLY$1,800 - $2,100/mo1-2 Beds1 BathTivoli Gardens | 1100 Parsippany Blvd #b6b9ce2b5,
Parsippany, NJ 07054 - SPECIAL OFFERPET FRIENDLY
- PET FRIENDLY$1,863 - $3,039/moStudio-2 Beds1 BathParsippany Gardens | 380-388 Parsippany Rd #F1,
Parsippany, NJ 07054 - SPECIAL OFFERPET FRIENDLY
- NEW - 2 DAYS AGOPET FRIENDLY
- SPECIAL OFFERSENIOR HOUSING
- $2,330 - $4,315/moStudio-2 Beds1-2 BathsAvalon Parsippany | 3 Campus Dr #33874c820,
Parsippany, NJ 07054 - $2,452 - $4,691/moStudio-2 Beds1-2 BathsThe District at 15Fifteen | 1501 Route 10 E #1-213,
Parsippany, NJ 07054 - $2,471 - $3,361/mo1-2 Beds1-2 BathsHalstead Parsippany | 1715 US Route 46 #2388,
Parsippany, NJ 07054 Save Search in 07054
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Apartments For Rent Near 07054
We found 30 more apartments matching your filters just outside 07054
- APPLY INSTANTLYFURNISHEDROOM FOR RENT
- NEW - 15 HRS AGOAPPLY INSTANTLY
- SPECIAL OFFERPET FRIENDLY
- NEW - 1 DAY AGOAPPLY INSTANTLY
- SPECIAL OFFER
- $2,090 - $4,210/moStudio-3 Beds1-2 BathsAvalon Montville | 85 Bloomfield Ave #0B-1Ba-507Sqft,
Pine Brook, NJ 07058 - $2,275 - $3,650/mo1-3 Beds1-2 BathsOlde Forge East Apartments & Townhomes | 19 Farmhouse Ln #1B,
Morristown, NJ 07960
Average Rent Trends in 07054
Rent in 07054 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $3,448 |
| Jul 2025 | $2,947 |
| Aug 2025 | $3,150 |
| Sep 2025 | $3,200 |
| Oct 2025 | $3,243 |
| Nov 2025 | $2,745 |
| Dec 2025 | $2,990 |
| Jan 2026 | $2,600 |
| Feb 2026 | $2,500 |
| Mar 2026 | $2,400 |
| Apr 2026 | $2,292 |
| May 2026 | $3,023 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,986 | $2,745 | $3,917 | $4,500 | $2,979 |
| Townhomes | — | $3,500 | $3,990 | — | $3,975 |
| Apartments and Condos | $925 | $2,800 | $3,500 | — | $1,700 |
| Houses | — | — | $3,750 | $4,500 | $3,950 |
Frequently Asked Questions about Rentals in 07054
- What is the average rent of an apartment in 07054?The average rent of an apartment in 07054 is $1,993 per month. This is about 3% higher than the national average.
- What is the average rent of a house in 07054?The average rent of a house in 07054 is $3,950 per month. This is about 105% higher than the national average.
- What is the average rent of a townhome in 07054?The average rent of a townhome in 07054 is $3,975 per month. This is about 106% higher than the national average.
- When is the average rent cheapest in 07054?In the last year, the average rent in 07054 was lowest in May 2025 when it was $2,369 per month.
- When is the average rent most expensive in 07054?In the last year, the average rent in 07054 was highest in Jun 2025 when it was $3,448 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 07054?The average rent of a 1 bedroom apartment in 07054 is $1,986 per month. That is about $271 less than the cost of a studio apartment.
- How many available rental listings are in 07054?There are 27 available rental listings in 07054.
- What are some cities near 07054?Some nearby cities include: Parsippany, Lake Hiawatha, Whippany, Mountain Lakes, Pine Brook, East Hanover Township. These cities may have more rental options to explore.

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