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Newest Homes for Rent in Parsippany, NJ

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  • /35

    Starting at $1,683 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
  • /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
  • /53

    Starting at $2,664

    Total Monthly Price

    • Studio - 2 Beds

    1515 Nj-10, Parsippany, NJ 07054

    Discover upscale living at District 1515, situated in Parsippany; an exciting town center enclave of brand-new luxury rentals just off Route 10, within easy reach of downtown Morristown. Revel in a full suite of exclusive resident amenities that enhance your daily life, while being surrounded by an array of shops, restaurants, and retail conveniences in this vibrant and transit-friendly

    The District at 15Fifteen

    1515 Nj-10, Parsippany, NJ 07054
  • /77

    Starting at $2,600 Per Month

    • 1 - 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
  • /55

    Starting at $2,076

    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
  • /45

    Starting at $2,684

    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
  • /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
  • /31

    Starting at $1,925 Per Month

    • 1 - 3 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
  • /29

    Starting at $1,995 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
  • /13

    Starting at $2,045 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
  • /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
  • /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

    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 $1,825 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
  • /6

    Starting at $1,880 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
  • /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,

    Agent Photo

    Triveni Gurikar

    RE/MAX NEIGHBORHOOD PROPERTIES

    4 Decroce Ct, Parsippany, NJ 07054
  • /24

    $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
  • /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 FURNISHED 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 FURNISHED 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

    Shiva Lakshmi Mahankali 3SIXTY REALTY LLC

    178 Crown Point Rd Unit 178, Parsippany, NJ 07054
  • /2

    $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
  • /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
  • /50

    $3,850 Per Month

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

    72 Albert Ct, Parsippany, NJ 07054

    SMALL PETS ACCEPTED! PICK YOUR NEUTRAL COLORS! LANDLORD WILL REPAINT THE COMPLETE HOME. 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

    TANVINI Y. GOGRI GREEN ESTATE REALTY LLC

    72 Albert Ct, Parsippany, NJ 07054
  • /9

    $4,000 Per Month

    • 3 Beds
    • 2.5 Baths
    • Townhouse for Rent

    317 Raymound Blvd, Parsippany, NJ 07054

    Beautiful 3 Bedroom, 2.5 Bath Townhouse located in the highly desirable Preserve at Mazdabrook community. This home features gleaming hardwood floors, a gas fireplace with stone surround in the living room, and a dramatic two-story entry foyer.The kitchen offers upgraded cabinets and newer stainless-steel appliances, with direct access to an open and airy deck overlooking the backyard perfect for

    RANJAN TAKIER TOP VALUE REALTY

    317 Raymound Blvd, Parsippany, NJ 07054
  • /31

    $6,500 Per Month

    • 5 Beds
    • 4 Baths
    • House for Rent

    12 Yorke Rd, Mountain Lakes, NJ 07046

    Welcome to your dream rental home! This beautifully appointed, **fully furnished** 5-bedroom residence offers the perfect blend of comfort, style, and convenience. Step inside to discover a spacious and beautifully updated kitchen featuring modern appliances, generous counter space, and everything needed for everyday living or entertaining. The large dining room provides the perfect setting for

    MEGAN LAVENBURG CENTURY 21 THE CROSSING

    12 Yorke Rd, Mountain Lakes, NJ 07046
  • /7

    $1,750 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    17 Lincoln Gardens, Lake Hiawatha, NJ 07034

    Quiet, Bright and Sunny unit at 2/F. Wood Floor in Living Room. Large Bedroom with sizable walk-in closet. Parking on shared parking lot and Laundry on-site. Close to Transit, downtown, shopping and restaurants. Easy access to Hwy 46, 80 and 287. No Pets and No Smokers. Tenant screening through NTN application & Employment verification. Tenant pay first $100 for each repair, Tenant insurance is

    VENUS TZE WONG WEICHERT REALTORS

    17 Lincoln Gardens, Lake Hiawatha, NJ 07034
  • /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

    $4,800 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
  • /18

    $4,000 Per Month

    • 3 Beds
    • 3.5 Baths
    • Townhouse for Rent

    223 Emily Place, Parsippany, NJ 07054

    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 & driveway for parking. No smoking on

    Agent Photo

    Triveni Gurikar

    RE/MAX NEIGHBORHOOD PROPERTIES

    223 Emily Place, Parsippany, NJ 07054
  • /21

    $3,500 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
  • /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

    Agent Photo

    Triveni Gurikar

    RE/MAX NEIGHBORHOOD PROPERTIES

    26 Decroce Ct, Parsippany, NJ 07054
  • /19

    $4,100 Per Month

    • 3 Beds
    • 2.5 Baths
    • Townhouse for Rent

    96 Jillian Blvd, Parsippany, NJ 07054

    Welcome to Mazdabrook Commons!! Spectacular - Move in ready- Sun filled End unit. Great location in the complex. Wood floors & 2 Storey foyer welcome you to this open concept floor plan. Beautiful Kitchen - Granite counters & backsplash - Vented gas range & built in microwave. Crown molding, recessed lights & neutral colors. Corner fireplace & sliders to private deck overlooking a grassy yard & a

    Shibu Thomas ELITE REALTORS OF NEW JERSEY

    96 Jillian Blvd, Parsippany, NJ 07054
  • /44

    $4,000 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
  • /25

    $4,300 Per Month

    • 3 Beds
    • 2.5 Baths
    • Townhouse for Rent

    215 Raymound Blvd, Parsippany, NJ 07054

    Great location in desirable Mazdabrook, Hardwood floors, gas fireplace with stone in LR, 2 story entry foyer, Walk into kitchen with upgraded cabinets and newer appliances all stainless. Open and airy Deck off kitchen viewing large back yard backed by woods and huge side yard. Now upstairs has newer carpet, upgraded bathrooms, Master has large walk in closet and since it is an end unit plenty of

    KATHRYN MASTERS KELLER WILLIAMS METROPOLITAN

    215 Raymound Blvd, Parsippany, NJ 07054
  • /12

    $2,900 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,020 Sq Ft
    • Apartment for Rent

    1209 Littleton Rd Unit B, Morris Plains, NJ 07950

    Welcome to this brand-new 2-bedroom, 1.5-bath residence offering the perfect blend of style, comfort, and convenience. Featuring approximately 1,020 square feet of thoughtfully designed living space, this home showcases beautiful hardwood floors, oversized windows, premium LG stainless steel appliances, in-unit laundry, and modern finishes throughout. Designed with everyday living in mind, the

    Andreia Melnikoff UNITED REAL ESTATE

    1209 Littleton Rd Unit B, Morris Plains, NJ 07950
  • /14

    $3,300 Per Month

    • 2 Beds
    • 2 Baths
    • Apartment for Rent

    1209 Littleton Rd Unit E, Morris Plains, NJ 07950

    Welcome to 1209 Littleton Road, a brand-new 2-bedroom, 2-bath residence offering approximately 1,477 square feet of thoughtfully designed living space. This spacious home combines modern style, comfort, and convenience in a beautifully designed multifamily building. The open-concept layout is filled with natural light and features beautiful hardwood floors, oversized windows, premium LG stainless

    Andreia Melnikoff UNITED REAL ESTATE

    1209 Littleton Rd Unit E, Morris Plains, NJ 07950
  • /12

    $2,900 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,020 Sq Ft
    • Apartment for Rent

    1209 Littleton Rd Unit C, Morris Plains, NJ 07950

    Welcome to this brand-new 2-bedroom, 1.5-bath residence offering the perfect blend of style, comfort, and convenience. Featuring approximately 1,020 square feet of thoughtfully designed living space, this home showcases beautiful hardwood floors, oversized windows, premium LG stainless steel appliances, in-unit laundry, and modern finishes throughout. Designed with everyday living in mind, the

    Andreia Melnikoff UNITED REAL ESTATE

    1209 Littleton Rd Unit C, Morris Plains, NJ 07950
  • /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
  • /4

    $1,295 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    186 Kingston Rd, Parsippany, NJ 07054

    Quaint studio apartment in the heart of Parsippany in Lake Parsippany.

    JOHN RODERICK JR. UNITED REAL ESTATE

    186 Kingston Rd, Parsippany, NJ 07054
  • /22

    $3,750 Per Month

    • 2 Beds
    • 2.5 Baths
    • Condo for Rent

    7 Newcastle Ct, Mountain Lakes, NJ 07046

    This bright, open 2-bedroom, 2 1/2 bath townhome in Pine Edge offers all the benefits of the Mountain Lakes lifestyle without the maintenance or taxes! You'll appreciate the gleaming hardwood floors throughout, neutral paint palette, and high ceilings. The main floor features an inviting open floor plan. The spacious living room offers sliders to a sunny balcony at one end, and a two-sided

    ANDREW SYLVESTER COLDWELL BANKER REALTY

    7 Newcastle Ct, Mountain Lakes, NJ 07046
  • /37

    $4,100 Per Month

    • 4 Beds
    • 2 Baths
    • House for Rent

    859 Lake Shore Dr, Parsippany, NJ 07054

    A gem in Lake Parsippany!! Beautiful 2 STORY BI-LEVEL is totally renovated. Welcome to this 4 BEDROOMS, 2 FULL BATHS BI-LEVEL WITH GORGEOUS LAKE VIEW. Wood burning fireplace in the family room. Spacious living room with bay windows. SLIDERS FROM EAT IN KITCHEN TO A LARGE DECK OVERLOOKING A FLAT BACKYARD. PLENTY OF PARKING. LED LIGHTS. EZ ACCESS TO ALL MAJOR HIGHWAYS 202, 46, 80, 287. A Perfect

    VIVEK MALHOTRA COLDWELL BANKER REALTY

    859 Lake Shore Dr, 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

Showing Results 1 - 40, Page 1 of 2

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 July 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 Home Trends

Number of Homes for Rent
50
Median Rent
$4,000
Median Single Family Home Rent
$4,000
Median Townhouse Rent
$3,500
How to Rent a Home