Cheap Apartments for Rent in Parsippany, NJ from $1,500 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in Parsippany.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Vail Manor 55+
1 to 2 Bedroom Apartments

Vail Manor 55+

186 Vail RdParsippany, NJ 07054
Senior Living
  • Utilities Included
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Redstone Gardens
1 to 2 Bedroom Apartments

Redstone Gardens

1 Redstone DrParsippany, NJ 07054
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 189 Littleton Rd

189 Littleton Rd

Parsippany Troy HillsNJ07054

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Parsippany, NJ Local Guide

Cheapest Available Parsippany Apartments for Rent

 

The cheapest available apartment rental in Parsippany, NJ is a Studio unit found at Vail Gardens priced from $1,650. Parsippany Gardens has the second lowest priced unit, which is a Studio apartment currently listed from $1,670. Here is today’s list of the most affordable Parsippany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vail GardensStudioStudio,1BA$1,650
Parsippany GardensStudioStudio,1BA$1,670
Baldwin Manor1 bedroom1BR,1BA$1,695
Knoll Gardens$2.42/sq.ft. - One Bedroom Standard w/Balcony1BR,1BA$1,770
Rutgers Village ApartmentsOne Bedroom1BR,1BA$1,800
Parsippany VillageOne Bedroom1BR,1BA$1,825
Vail Manor 55+$5.01/sq.ft. - V1S1BR,1BA$1,890
Colonial HeightsLarge Apt-w/Dining Room, 2 WIC's1BR,1BA$1,895
Redstone Gardens$2.59/sq.ft. - One Bedroom_A1BR,1BA$1,895
Partridge Run Apartments1 Bed 1 Bath | Classic1BR,1BA$1,925

Best Value Apartments for Rent in Parsippany, NJ

As of October 21, 2025 the best value apartment in the Parsippany area is the $1.66 price per square foot 89 Grant St Model at 89 Grant St, Unit 1 in the starting from $2,995. The second greatest value Parsippany apartment is the $3.12/sq.ft. - Model P1W/P1E Model at Powder Mill Heights starting at $2,625 with a $2.01 price per square foot . Here is today’s list of the best values for Parsippany apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
89 Grant St, Unit 189 Grant St3BR,2BA$1.66
Powder Mill Heights$3.12/sq.ft. - Model P1W/P1E1BR,1BA$2.01
Knoll Gardens$2.14/sq.ft. - Two Bedroom2BR,1BA$2.14
Lakeview Gardens$2.52/sq.ft. - Two Bedroom2BR,1BA$2.52
Colonial HeightsBright & Spacious 2 BR - Huge Kitchen2BR,1BA$2.66
Dartmouth VillageBright & Spacious 2BR - Huge Kitchen2BR,1BA$2.61
Partridge Run Apartments1 Bed 1 Bath | Renovated1BR,1BA$2.41
Westgate Gardens$2.54/sq.ft. - Ash1BR,1BA$2.54
Redstone Gardens$2.58/sq.ft. - One Bedroom_B1BR,1BA$2.65
Rutgers Village ApartmentsOne Bedroom1BR,1BA$2.57

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Parsippany, NJ Rentals by Map

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Getting Around Parsippany, NJ

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Parsippany Apartments

What is the Cheapest Studio apartment in Parsippany?

Currently the most affordable Cheap Studio Apartment in Parsippany is at Vail Gardens listed at $1,650.

How much is rent for a Cheap One Bedroom Parsippany Apartment?

The lowest price for a Cheap One Bedroom Parsippany Apartment is $1,695 at Baldwin Manor.

What is the lowest price for a Cheap Two Bedroom Parsippany Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Parsippany is starting from $2,150 at Vail Manor 55+.

What is the most affordable Parsippany Three Bedroom Apartment?

The best deal on a cheap Parsippany Three Bedroom Apartment rental is at Avalon Montville and starts from $3,965.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.