Parsippany, NJ Homes for Rent

• 

  

  

  /29

  $3,450 Per Month

  • 2 Beds
  • 2.5 Baths
  • Townhouse for Rent

  26 Decroce Ct, Parsippany, NJ 07054

  Young Tulip unit - Open floor plan. Newer flooring in living & dining area. Granite counters in kitchen. Great room has Gas fireplace. Second level offers huge master suite & a second suite with walk in closets & bath. Gas heat, Central Air & water softener - Full basement with laundry & plenty of storage. 1 Car garage with a Tesla EV outlet, opener & driveway - Plenty of visitor parking - Great

  

  Triveni Gurikar

  RE/MAX NEIGHBORHOOD PROPERTIES

  

  26 Decroce Ct, Parsippany, NJ 07054
• Explore Parsippany

• 

  

  

  /33

  Starting at $2,230 Per Month

  • Studio - 2 Beds

  11-21 Upper Pond Rd, Parsippany, NJ 07054

  Welcome to Lexica Apartments, where luxury meets convenience in the heart of Parsippany, New Jersey. Located at 11-21 Upper Pond Road, Lexica provides easy access to major employment centers, highways, and the Mountain Lakes train station, making it an ideal choice for commuters. Choose from a variety of thoughtfully designed floor plans, including studios, one- and spacious two-bedroom

  Lexica

  

  11-21 Upper Pond Rd, Parsippany, NJ 07054
• 

  

  

  /17

  $4,000 Per Month

  • 3 Beds
  • 3.5 Baths
  • Townhouse for Rent

  223 Emily Place, Parsippany, NJ 07054

  Ready for Immediate Occupancy -3 bedroom Oak model with finished walk out basement with full bath - Brazilian cherry floors on lower level, crown molding & recessed lights- Tile entry foyer - open concept dining & living room with fireplace - Sliders to deck & yard. Kitchen has tile back splash, corian counters- dishwasher, microwave & vented gas range. Appliances Included. 1 Car Garage &

  

  Triveni Gurikar

  RE/MAX NEIGHBORHOOD PROPERTIES

  

  223 Emily Place, Parsippany, NJ 07054
• 

  

  

  /77

  Starting at $2,225 Per Month

  • Studio - 2 Beds

  2-3 Campus Dr, Parsippany, NJ 07054

  We believe that elevating where you live is all about blending it seamlessly with how you live. We go to great lengths designing amenities and choosing locations that put everything within reach. Where you live, is where you come alive. Located in Morris County, our Avalon Parsippany community offers brand new apartments for lease. Our studio, one-, and two-bedroom apartments are thoughtfully

  Avalon Parsippany

  

  2-3 Campus Dr, Parsippany, NJ 07054
• 

  

  /2

  $3,500 Per Month

  • 2 Beds
  • 2.5 Baths
  • Townhouse for Rent

  4 Decroce Ct, Parsippany, NJ 07054

  Young & upgraded Tulip unit - Open floor plan. Hardwood floors in living & dining area. SS appl. & Granite kitchen. Second level offers. Huge master suite & a second suite with walk in closets & bath. granite vanities in all baths - water softener - Full basement with laundry & plenty of storage. 1 Car garage with opener & driveway - Plenty of visitor parking - Great location - Close to highways,

  

  Triveni Gurikar

  RE/MAX NEIGHBORHOOD PROPERTIES

  

  4 Decroce Ct, Parsippany, NJ 07054
• 

  

  /53

  Starting at $2,664

  Total Monthly Price

  • Studio - 2 Beds

  1515 Nj-10, Parsippany, NJ 07054

  Experience elevated living at District 1515, a premier residential destination in Parsippany featuring three distinctive communities: Smyth, Mason, and Mason East, a 55+ community. Ideally located just off Route 10 and minutes from downtown Morristown, District 1515 offers luxury apartment living with seamless access to shopping, dining, entertainment, major employers, and commuter routes.

  The District at 15Fifteen

  

  1515 Nj-10, Parsippany, NJ 07054
• 

  

  /55

  Starting at $2,176

  Total Monthly Price

  • Studio - 3 Beds

  500 Park Rd, Parsippany, NJ 07054

  Welcome to 500 Parq, the pinnacle of luxury living within Parq Life Reimagined - a new community that redefines understated luxury in Morris County. Our six-story architectural design seamlessly combines contemporary elegance and urban convenience, captivating your senses from the moment you arrive. Immerse yourself in a world where boundaries fade and engagement thrives. 500 PARQ is more than

  500 Parq

  

  500 Park Rd, Parsippany, NJ 07054
• 

  

  /14

  Starting at $1,850 Per Month

  • 1 - 2 Beds

  300 Parsippany Rd, Parsippany, NJ 07054

  VIRTUAL TOURS ARE AVAILABLE. CALL FOR MORE INFOCome see why Colonial Heights is so popular and why we consistently rank among the most highly rated communities in New Jersey. We offer a clean, quiet, and friendly place that you can come home to. These beautifully refurbished apartments at Colonial Heights are available with spacious floor plans, modern kitchen appliances, gleaming

  Colonial Heights

  

  300 Parsippany Rd, Parsippany, NJ 07054
• 

  

  /6

  Starting at $1,840 Per Month

  • 1 - 2 Beds

  1 Redstone Dr, Parsippany, NJ 07054

  The Morris County Township of Parsippany, N.J. is home to Redstone Gardens, a quaint collection of 92 rental apartments. Each residence comes complete with a dishwasher, refrigerator, oven, hardwood floors throughout, air conditioner and patio or balcony (per plan). Interior layouts range in size from 725 to 970 square feet of living space. Ideal for commuters, Redstone Gardens is within close

  Redstone Gardens

  1 Redstone Dr, Parsippany, NJ 07054
• 

  

  /45

  Starting at $2,346

  Total Monthly Price

  • Studio - 2 Beds

  1715 US Highway 46, Parsippany, NJ 07054

  Thoughtfully tailored to meet your needs, apartment homes at Halstead Parsippany boast upscale in-home features such as chef-inspired well-appointed kitchens with movable islands, floor-to-ceiling windows, and classic sliding barn doors. Less than a one-hour train ride to New York City, Halstead Parsippany is a commuter's paradise and a city explorer's dream spot. Enjoy a beverage from the

  Halstead Parsippany

  

  1715 US Highway 46, Parsippany, NJ 07054
• 

  

  /31

  Starting at $1,925 Per Month

  • 1 - 2 Beds

  130 New Rd, Parsippany, NJ 07054

  Partridge Run offers a beautiful and serene place of living. Our floor plans are the largest in the area. We offer a mix of fully renovated and partially renovated units to choose from. Our expansive manicured grounds and impeccably maintained buildings are attended to by our eager and professional on-site staff. We are located in a prime area that is desirable for both the local renter and

  Partridge Run Apartments

  

  130 New Rd, Parsippany, NJ 07054
• 

  

  /35

  Starting at $1,694 Per Month

  • Studio - 2 Beds

  380 Parsippany Rd, Parsippany, NJ 07054

  As you may know, you have made a terrific choice in Parsippany Gardens. This premier community, situated in “One of the best places to live in America” (NUMBER 5 this year) as voted by Money Magazine on multiple occasions! Parsippany Gardens boasts stunningly landscaped lawns and gardens, lovely, spacious, studios, one or two-bedroom apartments (subject to availability), many of which feature

  Parsippany Gardens

  

  380 Parsippany Rd, Parsippany, NJ 07054
• 

  

  /13

  Starting at $1,995 Per Month

  • 1 - 2 Beds

  350 Parsippany Rd, Parsippany, NJ 07054

  This quiet rental community in Parsippany boasts spacious, fully renovated one and two bedroom apartments with ample closet space and up-to-date kitchens. Westgate Gardens has assigned off-street parking, and is conveniently located between Routes 287 and 24. Minutes from excellent schools, shopping and restaurants, it is within easy access to New York City transportation.Don't miss out

  Westgate Gardens

  

  350 Parsippany Rd, Parsippany, NJ 07054
• 

  

  /25

  Starting at $2,095 Per Month

  • 1 - 2 Beds

  3579 US Highway 46, Parsippany, NJ 07054

  Spacious, custom designed apartment homes are available at Meadowbrook Gardens in wonderful Parsippany, New Jersey. Our lovely community is minutes from acclaimed schools, fantastic dining, thrilling entertainment venues, and nearby lakes.Living in Parsippany doesn't get any better than this! We offer two impressive floor plans with 1 or 2 bedrooms to choose from. Meadowbrook Gardens

  MEADOWBROOK GARDENS APARTMENTS

  

  3579 US Highway 46, Parsippany, NJ 07054
• 

  

  /35

  Starting at $1,825 Per Month

  • 1 - 2 Beds

  350 Baldwin Rd, Parsippany, NJ 07054

  Park Lake Village

  350 Baldwin Rd, Parsippany, NJ 07054
• 

  

  /29

  Starting at $1,950 Per Month

  • 1 - 3 Beds

  1480 US Highway 46, Parsippany, NJ 07054

  Troy Hills Village is the Perfect Example of Convenient and Comfortable LivingStart your next chapter at Troy Hills Village, where comfort, connection, and convenience come together in a peaceful, pet-friendly community. Nestled in the heart of Morris County, our apartments in Parsippany, NJ, offer generous layouts, beautiful green spaces, and easy access to major roads—making every day

  Troy Hills Village

  

  1480 US Highway 46, Parsippany, NJ 07054
• 

  

  /17

  Starting at $1,965 Per Month

  • 1 - 2 Beds

  200 Vail Rd, Parsippany, NJ 07054

  Come visit Lakeview Gardens. Located off Route 46 in Parsippany, we offer our residents an affordable, comfortable place to live. We are conveniently located near all major highways and a 45 minute commute to New York City. All residences offer a fully equipped kitchen, hardwood floors, ample parking on site, cable ready, an air conditioner unit, swimming pool & Optimum Hotspot through out the

  Lakeview Gardens

  

  200 Vail Rd, Parsippany, NJ 07054
• 

  

  /35

  Starting at $1,750 Per Month

  • 1 - 2 Beds

  200 Baldwin Rd, Parsippany, NJ 07054

  Call and ask about our great rental prices, among the best in Parsippany! Our property is conveniently located near bus to NYC, highways, public parks, restaurants, shopping, and schools. Property grounds feature lush landscaping, grassy areas, free and plentiful parking. 24/7 on-site manager and superintendents.We are constantly told how serene and quiet we are, tucked away in a beautiful park

  Baldwin Manor

  200 Baldwin Rd, Parsippany, NJ 07054
• 

  

  /35

  Starting at $1,825 Per Month

  • 1 - 2 Beds

  270 Baldwin Rd, Parsippany, NJ 07054

  VIRTUAL TOURS ARE AVAILABLE - CONTACT US FOR MORE INFORMATIONDartmouth Village is ideally located within walking distance of parks, shopping, medical offices and buses to NYC. This lovely rental community offers 1 & 2 bedroom remodeled and refurbished garden apartments with three spacious floor plans to choose from.Apartment features include new windows, hardwood floors, oversized

  Dartmouth Village

  

  270 Baldwin Rd, Parsippany, NJ 07054
• 

  

  /5

  Starting at $1,750 Per Month

  • 1 - 2 Beds

  3379 Us Highway 46, Parsippany, NJ 07054

  Welcome to Intervale Gardens, our classic garden apartment community offering affordability and convenience in a centrally located Parsippany, New Jersey setting. We have studio, one and two bedroom apartments available and are situated right off of Route 46 to provide easy access to all other major roadways. Our property features a peaceful environment with proximity to shopping, restaurants,

  Intervale Gardens

  3379 Us Highway 46, Parsippany, NJ 07054
• 

  

  /11

  Starting at $1,887 Per Month

  • 1 - 2 Beds

  649 Littleton Rd, Parsippany, NJ 07054

  Welcome to Camelot Gardens in Parsippany, NJ. We offer 1 and 2 bedroom apartments that include pricing, cooking gas, heat and hot water with your rent. Nearby the museum and zoo, please contact us today!

  Camelot Gardens

  

  649 Littleton Rd, Parsippany, NJ 07054
• 

  

  /20

  Starting at $1,650 Per Month

  • 1 Bed

  889 Edwards Rd, Parsippany, NJ 07054

  Call for One-Bedroom availability on our newly renovated apartments! Quietly tucked amidst a lush landscape of majestic maple, pine, and dogwood trees is Edwards Gardens Apartments. Enter the apartment complex and you will immediately experience the quiet of our lovely one-bedroom garden apartment community.Your private apartment entrance will draw you toward your sprawling living room, dining

  Edwards Gardens Apartments

  

  889 Edwards Rd, Parsippany, NJ 07054
• 

  

  /5

  Starting at $1,650 Per Month

  • Studio - 2 Beds

  100 Vail Rd, Parsippany, NJ 07054

  Welcome to Vail Gardens, our classic garden apartment community offering affordability and convenience in a centrally located Parsippany, New Jersey setting. We have studio, one and two bedroom apartments available and are situated right off of Route 46 to provide easy access to all other major roadways. Our property features a peaceful environment with proximity to shopping, restaurants, and

  Vail Gardens

  100 Vail Rd, Parsippany, NJ 07054
• 

  

  /7

  Starting at $1,800 Per Month

  • 1 Bed

  80 New Rd, Parsippany, NJ 07054

  HEAT AND HOT WATER INCLUDED IN RENTAL FEE! Situated in Parsippany, NJ between Route 46 and Route 280 with access to public transportation just off-site, Rutgers Village is a delightful garden-style apartment complex offering a comfortable and affordable lifestyle. Residents enjoy spacious and thoughtfully designed living spaces and unsurpassed attentive service. Most units have been renovated,

  Rutgers Village Apartments

  

  80 New Rd, Parsippany, NJ 07054
• 

  

  /9

  Starting at $1,800 Per Month

  • 1 - 2 Beds

  220 Littleton Rd, Parsippany, NJ 07054

  Troy Gardens Apartments

  220 Littleton Rd, Parsippany, NJ 07054
• 

  

  /18

  Starting at $1,700 Per Month

  • 1 - 2 Beds

  1100 Parsippany Blvd, Parsippany, NJ 07054

  Tivoli Gardens

  

  1100 Parsippany Blvd, Parsippany, NJ 07054
• 

  

  /8

  $2,500 Per Month

  • 2 Beds
  • 1 Bath
  • Condo for Rent

  189 Littleton Rd Unit 103, Parsippany, NJ 07054

  Welcome to this newly renovated, first-floor two-bedroom condo in the desirable Cambridge Village community. This bright and inviting unit features modern updates throughout and is conveniently located in the heart of Parsippany, close to shopping, dining, and major highways. One assigned parking space is included.

  Joseph Nardone GERVIN MANAGEMENT & REALTY LLC

  

  189 Littleton Rd Unit 103, Parsippany, NJ 07054
• 

  

  /30

  $3,800 Per Month

  • 3 Beds
  • 3 Baths
  • House for Rent

  640 Vail Rd, Parsippany, NJ 07054

  Spacious and well-maintained 3-bedrooms, 3-bathrooms rental home offering comfort, functionality, and plenty of living space. The home features a spacious kitchen with ample cabinetry and counter space, bright living room, formal dining room, and a cozy entertainment room perfect for everyday living and entertaining. The finished basement provides additional versatile space ideal for a recreation

  Roshaniben Ratanpara H P REALTY

  

  640 Vail Rd, Parsippany, NJ 07054
• 

  /2

  $4,200 Per Month

  • 5 Beds
  • 3 Baths
  • 2,400 Sq Ft
  • House for Rent

  93 Orston Rd, Parsippany, NJ 07054

  CLEAN RANCH NESTLED ON A FLAT CORNER 100 X 100 BEAUTIFUL LOT. VERY SPACIOUS HOME OFFERING FINISHED BASEMENT, GARAGE, EAT INKITCHEN AND MUCH MORE. GREAT LOCATION AND CONVENIENT TO ALL MAJOR HIGHWAYS. NEW BATHS,NEW DECK. 5 BED ROOMS AND 3 FULL BATHS.

  ASHUTOSH H. DESAI WEICHERT REALTORS

  

  93 Orston Rd, Parsippany, NJ 07054
• 

  

  /32

  $4,200 Per Month

  • 3 Beds
  • 2.5 Baths
  • 1,719 Sq Ft
  • Townhouse for Rent

  19 Gordon Cir, Parsippany, NJ 07054

  LOCATION! LOCATION! LOCATION!Welcome to this beautifully renovated WEST FACING Abbey Model, nestled in a peaceful setting within the highly sought-after Hunting Ridge community in Parsippany. This move-in-ready townhome offers 3 spacious bedrooms, 3.5 updated bathrooms, and the perfect blend of comfort, style, and convenience.The home features elegant hardwood flooring throughout, beautifully

  Shiva Lakshmi Mahankali 3SIXTY REALTY LLC

  

  19 Gordon Cir, Parsippany, NJ 07054
• 

  

  /44

  $3,750 Per Month

  • 3 Beds
  • 2 Baths
  • House for Rent

  5 Reaville Ct, Parsippany, NJ 07054

  Goran Matlijoski Keller Williams Integrity

  

  5 Reaville Ct, Parsippany, NJ 07054
• 

  

  /23

  $4,800 Per Month

  • 4 Beds
  • 2.5 Baths
  • House for Rent

  25 Haddon Rd, Parsippany, NJ 07054

  Updated CHC. All Hardwood floors.Repainting Interior with a Neutral color, .in progress. Spacious kitchen with a center Island and separate breakfast area.. Formal dining with Bay window, LR, The family room has a cozy Gas Fireplace. The kitchen patio door leads to the deck and backyard. Well-maintained home.. Large Primary suite over the GaragHigh ceiling, recessed lighting.The updated bathroom

  Pat Novak BHHS HORIZON REALTY

  

  25 Haddon Rd, Parsippany, NJ 07054
• 

  

  /28

  $4,150 Per Month

  • 3 Beds
  • 2.5 Baths
  • 1,930 Sq Ft
  • Townhouse for Rent

  38 Gordon Cir, Parsippany, NJ 07054

  LOCATION! LOCATION! Welcome to this beautiful 3-BEDROOM BRITTANY MODEL offering approximately 1,930 SQ. FT. of thoughtfully designed living space in the highly desirable HUNTING RIDGE COMMUNITY. This MOVE-IN-READY HOME features RECENTLY RENOVATED BATHROOMS, elegant upgrades throughout, and an exceptional location close to everything.The first floor showcases HARDWOOD FLOORING, while the second

  Shiva Lakshmi Mahankali 3SIXTY REALTY LLC

  

  38 Gordon Cir, Parsippany, NJ 07054
• 

  

  /21

  $3,200 Per Month

  • 3 Beds
  • 2 Baths
  • House for Rent

  59 Troy Rd, Parsippany, NJ 07054

  Welcome to this charming and sun-drenched single-family home. The first floor features a spacious living and dining area, a tastefully updated kitchen, two comfortable bedrooms, and a full bathroom. The second floor offers a primary bedroom with a full bathroom, plus a versatile home office. Downstairs, a full, unfinished basement provides abundant storage space and a convenient laundry area.

  DOROTA KUNDERA KELLER WILLIAMS METROPOLITAN

  

  59 Troy Rd, Parsippany, NJ 07054
• 

  

  /50

  $4,000 Per Month

  • 3 Beds
  • 2.5 Baths
  • 1,719 Sq Ft
  • Townhouse for Rent

  72 Albert Ct, Parsippany, NJ 07054

  FRESHLY PAINTED and RENOVATED IN JULY 2026! SMALL PETS ACCEPTED! Builder's Model ABBEY UNIT OPPOSITE THE POOL in Hunting Ridge. Beautiful east-facing home with HARDWOOD & Pergo floors, custom moldings throughout. Spacious open living & dining rooms with GAS FIREPLACE. Granite eat-in kitchen with stainless steel refrigerator, gas range and pantry. Great private deck. 1st floor powder room, direct

  TANVINI Y. GOGRI GREEN ESTATE REALTY LLC

  

  72 Albert Ct, Parsippany, NJ 07054
• 

  

  /20

  $5,800 Per Month

  • 3 Beds
  • 3.5 Baths
  • Townhouse for Rent

  24 Willow Ln, Parsippany-Troy Hills, NJ 07054

  Welcome to PARQ, an upscale community with modern details in the heart of Parsippany. Ideally situated, this stunning Rockefeller w Library model home offers state of the art design with loads of builder upgrades, is just minutes from Routes 287 & 80. The main level features rich floors & a bright, open layout designed for both everyday living & entertaining and many upgrades. A formal dining

  DONNA LERNER WEICHERT REALTORS

  

  24 Willow Ln, Parsippany-Troy Hills, NJ 07054
• 

  

  /30

  $4,500 Per Month

  • 3 Beds
  • 2.5 Baths
  • 2,051 Sq Ft
  • Townhouse for Rent

  178 Crown Point Rd Unit 178, Parsippany, NJ 07054

  Beautiful Emerson Model for Rent in HUNTING RIDGE !!Welcome to this stunning CORNER-LOT HOME in the highly sought-after HUNTING RIDGE COMMUNITY. This sun-filled Emerson Model offers 3 SPACIOUS BEDROOMS, 2.5 UPGRADED BATHROOMS, a FULLY FINISHED BASEMENT with a PRIVATE OFFICE, and a 1-CAR GARAGE, combining comfort, style, and convenience.The main level features HARDWOOD FLOORS throughout the living

  Shiva Lakshmi Mahankali 3SIXTY REALTY LLC

  

  178 Crown Point Rd Unit 178, Parsippany, NJ 07054
• 

  

  /12

  $4,000 Per Month

  • 4 Beds
  • 2.5 Baths
  • 2,000 Sq Ft
  • House for Rent

  86 Kingston Rd, Parsippany, NJ 07054

  Beautifully updated 4-bedroom, 2.5-bath home in Parsippany with new quartz kitchen countertop, roof, water softener, and water heater (all 2025). Features include a spacious layout, private driveway, garage, and a backyard perfect for relaxing or entertaining. Conveniently located near schools, shopping, and major highways.

  Joseph Nardone GERVIN MANAGEMENT & REALTY LLC

  

  86 Kingston Rd, Parsippany, NJ 07054
• 

  

  /30

  $3,300 Per Month

  • 3 Beds
  • 2 Baths
  • 2,000 Sq Ft
  • House for Rent

  223 Halsey Rd Unit 3, Parsippany, NJ 07054

  Completed renovated Freshly Painted, New Kitchen with new Stainless steel appliances, New Flooring, New 2 Bathrooms, New Laundry, New Heating and Central AC. New Flooring, Recessed lights through out. Private backyard with lots of Parking. Available immediately.

  ASHUTOSH H. DESAI WEICHERT REALTORS

  

  223 Halsey Rd Unit 3, Parsippany, NJ 07054
• 

  

  /23

  $4,000 Per Month

  • 4 Beds
  • 2 Baths
  • House for Rent

  17 Longport Rd, Parsippany, NJ 07054

  This lake community home offers two beautifully finished levels and a flexible layout ideal for anyone seeking a pleasant neighborhood close to parks, shopping, and major commuter routes. The upper level features an updated kitchen with granite counters and stainless-steel appliances, a spacious living room open to the formal dining room, three bedrooms, and a full bath. The lower level adds

  ELISA BUCKLEY KELLER WILLIAMS METROPOLITAN

  

  17 Longport Rd, Parsippany, NJ 07054

Showing Results 1 - 40, Page 1 of 2

Why Live in Parsippany

Parsippany, NJ, is a modern retail hub with deep historical roots, home to over 50,000 residents and spanning 25 square miles. The area features a designated historic district in Mount Tabor, showcasing late 19th-century Victorian homes, while the Parsippany Presbyterian Church dates back to 1828. Housing options range from midcentury Cape Cods, ranches, and split-levels to contemporary townhouses and single-owner homes with bold colors and stone accents. The highly rated schools, including Lake Parsippany Elementary, Brooklawn Middle, and Parsippany Hills High, attract families to the area. Parsippany Hills High offers a unique internship program for seniors. For things to do, Parsippany boasts over 30 parks, including Veterans Memorial Park with its athletic facilities and walking paths, and Lake Parsippany, where residents enjoy beaches and non-motorized boating. Golf enthusiasts can visit Knoll Country Club or Mount Tabor Country Club. The Stickley Museum at Craftsman Farms offers tours of its historic house and grounds. Shopping and dining options are plentiful, with big-box retailers like Target and Whole Foods, and locally owned restaurants such as Tandoori Flames and Grato. Commuting to NYC is facilitated by Route 46 and Interstate 80, with train stations in Denville and Morris Plains, and bus services from Beverwyck Park and Ride and Lakeland Bus Lines. Parsippany has a low crime risk compared to the national average, making it a safe place for residents to explore.

Learn more about living in Parsippany

Frequently Asked Questions

How much does it cost to rent a home in Parsippany, NJ?

The median rent for a home in Parsippany, NJ is $4,000 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while single-family homes are currently more expensive.

How much do you need to make to afford rent in Parsippany, NJ?

To comfortably afford the median rent in Parsippany, NJ, a household needs to earn roughly $160,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $4,000 per month in Parsippany, NJ, renters typically need to show $12,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Parsippany, NJ?

In Parsippany, NJ, the price-to-rent ratio is 15.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Parsippany, NJ

There are currently 49 homes available for rent in Parsippany, NJ. The median rent is $4,000 per month, with single-family homes renting at $4,000 and townhouses at $3,500.

Rental Home Trends

Number of Homes for Rent 49	Median Rent $4,000
Median Single Family Home Rent $4,000	Median Townhouse Rent $3,500