Cheap Apartments for Rent in 07981
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Apartments For Rent Near 07981
We found 30 more apartments matching your filters just outside 07981
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- PET FRIENDLY$1,863 - $3,039/moStudio-2 Beds1 BathParsippany Gardens | 380-388 Parsippany Rd #F1,
Parsippany, NJ 07054 - $1,925 - $2,280/mo1-3 Beds1-2 BathsLindsley Arms Apartments | 400 Lindsley Dr #632e47483,
Morristown, NJ 07960 - $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
Average Rent Trends in 07981
Rent in 07981 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 Oct 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,699 |
| Jul 2025 | $3,068 |
| Aug 2025 | $3,275 |
| Sep 2025 | $3,289 |
| Oct 2025 | $3,500 |
| Nov 2025 | $3,300 |
| Dec 2025 | $3,400 |
| Jan 2026 | $3,300 |
| Feb 2026 | $3,300 |
| Mar 2026 | $3,000 |
| Apr 2026 | $2,650 |
| May 2026 | $2,950 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,650 | $3,450 | — | $6,500 | $2,950 |
| Townhomes | $3,000 | $2,950 | — | — | $2,950 |
| Apartments and Condos | $2,800 | $3,450 | — | — | $2,800 |
| Houses | — | — | — | $6,500 | $6,500 |
Frequently Asked Questions about Rentals in 07981
- What is the average rent of an apartment in 07981?The average rent of an apartment in 07981 is $2,878 per month. This is about 49% higher than the national average.
- What is the average rent of a house in 07981?The average rent of a house in 07981 is $6,500 per month. This is about 237% higher than the national average.
- What is the average rent of a townhome in 07981?The average rent of a townhome in 07981 is $2,950 per month. This is about 53% higher than the national average.
- When is the average rent cheapest in 07981?In the last year, the average rent in 07981 was lowest in May 2025 when it was $2,600 per month.
- When is the average rent most expensive in 07981?In the last year, the average rent in 07981 was highest in Oct 2025 when it was $3,500 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 07981?The average rent of a 1 bedroom apartment in 07981 is $2,650 per month. That is about $78 less than the cost of a studio apartment.
- How many available rental listings are in 07981?There are 7 available rental listings in 07981.
- What are some cities near 07981?Some nearby cities include: Whippany, Cedar Knolls, Parsippany, East Hanover Township, Florham Park, Morris Plains. These cities may have more rental options to explore.

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