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What Renters Must Photograph Before Moving In
Your landlord just gave you the keys. You're excited to move in, but one thing that could cost you hundreds later is not documenting what's already broken.
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Viewing 1-4 of 4 rentals in Parsippany
What to Know About
Life in Parsippany & Beyond
Parsippany shares many of the great qualities that make New Jersey a desirable place to live.
New Jersey is known for its beaches along the Jersey Shore to some of the most iconic landmarks in the nation, such as the Liberty Bell, the Statue of Liberty, and Ellis Island. From the bustling streets of Newark to the picturesque shorelines of Cape May, New Jersey is a state unlike any other. Discover its dynamic culture and rich heritage by visiting iconic landmarks like Liberty State Park and the Ellis Island National Museum of Immigration. And for those seeking knowledge, New Jersey is home to renowned universities like Rutgers University and Princeton University.
Whether you're an outdoor enthusiast or a sports fan, New Jersey has plenty to offer, including the New York Giants (NFL), New York Jets (NFL), New Jersey Devils (NHL), and the New Jersey Nets (NBA). Enjoy the beautiful coastline by fishing, surfing, or sailing, and hit the slopes of nearby mountains. Make sure to visit famous attractions like the Atlantic City Boardwalk, the Camden Waterfront, and the historic town of Cape May.
A state that never stops moving, New Jersey is a melting pot of cultures, experiences, and opportunities waiting to be experienced, making it a great place to call home.
Rental Market Trends
Parsippany, NJ
As of June 2025, Parsippany's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Parsippany's average rent is 17.7% ($435) lower than the New Jersey average of $2,454 and 13.2% ($235) higher than the U.S. average of $1,784.
Average Rent
$2,019
Monthly ChangeMonth Over Month Change
2.9% ($57)
Yearly ChangeYear Over Year Change
0.7% ($14)
Avg. Days on MarketAverage Days on Market
41
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,921 | 0.2% ($3) | 2.5% ($49) |
| 2 Beds | $2,421 | 0.4% ($9) | 4.1% ($95) |
| 3 Beds | $3,770 | 2.1% ($79) | 9.6% ($330) |
| Nearby Cities | Average Rent | Avg. Rent vs. ParsippanyAverage Rent vs. Parsippany | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Denville | $2,629 | 30.2% ($610) | 42 days |
| Florham Park | $3,226 | 59.8% ($1207) | 36 days |
| Morristown | $2,468 | 22.2% ($449) | 41 days |
| Lincoln Park | $2,516 | 24.6% ($497) | 43 days |
| Dover | $2,294 | 13.6% ($275) | 38 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Parsippany Rental Market FAQs
Explore rental prices, market trends, and availability in Parsippany, NJ.
The average rent in Parsippany, NJ is $2,019 per month.
Homes in Parsippany typically rent for between $1,345 and $4,901 per month, with an average of $2,019 per month.
In Parsippany, the average rent for a 1-bedroom home is $1,921 per month, for a 2-bedroom home, $2,421 per month, and a 3-bedroom home is $3,770 per month.
The average rent in Parsippany is 13.2% ($235) higher than the national average of $1,784 per month.
The average rent in Parsippany has increased by 2.9% ($57) in the last month and increased by 0.7% ($14) over the past year.
The rental market in Parsippany, NJ, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Parsippany, NJ, the average rental stays on the market for approximately 41 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 4 rental properties available in Parsippany, NJ.
Based on the current averages, a household would need an annual income of $96,840 to comfortably afford a 2-bedroom home in Parsippany.
