Cheap Apartments for Rent in Parsippany, NJ from $1,600 (43 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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

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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property at 2467 NJ-10

$1,825 - $2,600

1 To 2 Bedroom Rentals

Available Now

2467 NJ-10

Morris PlainsNJ07950

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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property at 2467 NJ-10

$1,825

Total Monthly Price

Total Monthly Price

Base Rent
$1,825
Total Monthly Price
$1,825

1 Bedroom, 1 Bath Home for Rent

Available Now

2467 NJ-10

Morris PlainsNJ07950
property at 2350 NJ-10

$1,950 - $2,000

1 Bedroom Rentals

Available Now

2350 NJ-10

Morris PlainsNJ07950

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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Showing Results 1-43, Page 1 of 1

Parsippany, NJ Local Guide

Cheapest Available Parsippany Apartments for Rent

 

The cheapest available apartment rental in Parsippany, NJ is a Studio unit found at Parsippany Gardens priced from $1,590. Edwards Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,650. Here is today’s list of the most affordable Parsippany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parsippany GardensStudioStudio,1BA$1,590
Edwards Gardens Apartments1 Bedroom Downstairs1BR,1BA$1,650
Knoll Gardens$2.29/sq.ft. - One Bedroom Standard w/Balcony1BR,1BA$1,670
Parsippany VillageOne Bedroom1BR,1BA$1,705
Baldwin Manor1 bedroom1BR,1BA$1,750
Park Lake VillageOne Bedroom-Eat In Kitchen-Traditional1BR,1BA$1,785
Troy Gardens Apartments1BR/1BA1BR,1BA$1,800
Rutgers Village ApartmentsOne Bedroom1BR,1BA$1,800
Dartmouth Village1 BR-Oversized LR, EIK,Loads of Closets1BR,1BA$1,825
Westgate Gardens$2.29/sq.ft. - Ash1BR,1BA$1,895

Best Value Apartments for Rent in Parsippany, NJ

As of April 23, 2026 the best value apartment in the Parsippany area is the $2.56 price per square foot B8 Loft - Aspen w/Loft Model at Hanover Mills in the starting from $3,500. 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.
Hanover MillsB8 Loft - Aspen w/Loft2BR,2BA$2.56
Powder Mill Heights$3.12/sq.ft. - Model P1W/P1E1BR,1BA$2.01
Lakeview Gardens$2.16/sq.ft. - Two Bedroom2BR,1BA$2.25
Rachel Gardens2 Bed 1.5 Bath Townhouse End2BR,1.5BA$2.61
Edwards Gardens Apartments1 Bedroom Upstairs1BR,1BA$1.89
Partridge Run Apartments1 Bed 1 Bath | Renovated1BR,1BA$2.21
Knoll Gardens$2.32/sq.ft. - One Bedroom Deluxe1BR,1BA$1.99
Westgate Gardens$2.29/sq.ft. - Ash1BR,1BA$2.41
Rutgers Village ApartmentsOne Bedroom1BR,1BA$2.57
Parsippany VillageOne Bedroom1BR,1BA$2.62

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Explore Parsippany, NJ Rentals by Map

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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 Parsippany Gardens listed at $1,590.

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

The lowest price for a Cheap One Bedroom Parsippany Apartment is $1,650 at Edwards Gardens Apartments.

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 Knoll Gardens.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.