Parsippany, NJ rental market

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Last updated August 8, 2025

Rental market summary

The average rent for all bedrooms and all property types in Parsippany, NJ is $2,420.

Average rent

$2,420

Month-over-month change

+$91

Year-over-year change

+$342

Available rentals

18

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $1,800 to $4,350.

Rent frequencies
Rent priceNumber of rental properties
$1,9002
$2,1003
$2,3003
$2,4001
$2,5001
$2,7002
$2,8001
$2,9001
$3,1001
$3,4001
$3,9001
$4,0002
$4,1001
$4,400+1

Average rent price over time

In the last year, rent has increased by $342 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$2,165$2,285
Feb$1,972$2,218
Mar$1,985$2,193
Apr$1,942$2,147
May$2,015$2,186
Jun$2,108$2,301
Jul$2,087$2,248
Aug$2,066$2,463
Sep$2,298No data
Oct$2,300No data
Nov$2,286No data
Dec$2,298No data

Market temperature

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

hot

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in Parsippany, NJ is 15% higher than the national average.

Parsippany, NJvs.

$2,420

$2,100

Rent in Parsippany, NJ

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Frequently asked questions

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

The average rent in Parsippany, NJ is $2,420.

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

Houses in Parsippany, NJ rent between $1,800 - $4,350 with an average rent of $2,420.

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

In the last year, the rent in Parsippany, NJ increased by $342

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

In the last month, the rent in Parsippany, NJ increased by $91

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

There are currently 18 rentals available in Parsippany, NJ.

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

The average rent in Parsippany, NJ is $2,420 — 15.24% higher the national average of $2,100.