Parsippany, NJ rental market

What is the average rent in Parsippany, NJ?

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Last updated November 1, 2026

Rental market summary

The average rent for all bedrooms and all property types in Parsippany, NJ is $2,236.

Average rent

$2,236

Month-over-monthMoM change

-$41

Year-over-yearYoY change

-$154

Available rentals

20

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $975 to $4,200.

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Rent frequencies
Rent priceNumber of rental properties
$9002
$1,7001
$1,8001
$1,9002
$2,0002
$2,1001
$2,2004
$2,3001
$2,8001
$2,9001
$3,2002
$3,6001
$3,7001
$4,1001
$4,200+1

Average rent price over time

In the last year, rent has decreased by $154 compared to the previous year.

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Average rent price over time
Last year (2025)This year (2026)
Jan$2,285$2,367
Feb$2,218$2,320
Mar$2,193$2,249
Apr$2,147$2,192
May$2,186$2,187
Jun$2,301$2,235
Jul$2,248$2,509
Aug$2,463$2,303
Sep$2,375$2,500
Oct$2,409$2,277
Nov$2,390$2,236
Dec$2,500No data

Market temperature

The Parsippany, NJ rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

warm

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in Parsippany, NJ is 12% higher than the national average.

Parsippany, NJvs.
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$2,236

$2,000

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Frequently asked questions

1. What is the average rent in Parsippany, NJ?

The average rent in Parsippany, NJ is $2,236.

2. What is the average rent for a studio apartment in Parsippany, NJ?

The average rent for a studio apartment in Parsippany, NJ is $2,200 per month.

3. What is the average rent for a one-bedroom apartment in Parsippany, NJ?

The average rent for a one-bedroom apartment in Parsippany, NJ is $1,990 per month.

4. What is the average rent for a two-bedroom apartment in Parsippany, NJ?

The average rent for a two-bedroom apartment in Parsippany, NJ is $2,585 per month.

5. What is the average rent for a three-bedroom apartment in Parsippany, NJ?

The average rent for a three-bedroom apartment in Parsippany, NJ is $3,750 per month.

6. How much does it cost to rent a house in Parsippany, NJ?

Houses in Parsippany, NJ rent between $975 - $4,200 with an average rent of $2,236.

7. How has the rent in Parsippany, NJ changed in the last year?

In the last year, the rent in Parsippany, NJ decreased by $154

8. How much has the rent in Parsippany, NJ increased/decreased in the last month?

In the last month, the rent in Parsippany, NJ decreased by $41

9. How many available rentals are there in Parsippany, NJ?

There are currently 20 rentals available in Parsippany, NJ.

10. How do rent prices in Parsippany, NJ compare with the national average?

The average rent in Parsippany, NJ is $2,236 — 11.8% higher the national average of $2,000.

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