Cheap Apartments for Rent in Parsippany, NJ from $1,485 (57 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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500 Parq
Rent Specials
$2,176 - $4,571

Total Monthly Price

Base Rent$2,176 - $4,571
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

500 Parq

500 Parq LnParsippany, NJ 07054
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Halstead Parsippany
$2,455 - $3,837

Total Monthly Price

Base Rent$2,455 - $3,837
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Halstead Parsippany

1715 US Highway 46Parsippany, NJ 07054
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Vail Manor - 55+
1 to 2 Bedroom Apartments

Vail Manor - 55+

186 Vail RdParsippany, NJ 07054
Senior Living
  • Utilities Included
property at 2467 NJ-10
$1,875 - $2,275
1 To 2 Bedroom Rentals
Available Now

2467 NJ-10

Morris PlainsNJ07950

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 2467 NJ-10
$1,899

Total Monthly Price

Base Rent$1,899
Total Monthly Price$1,899
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

2467 NJ-10, Unit 48-2A

2467 NJ-10
Morris PlainsNJ07950

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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property at 101 Birch St
$1,900

Total Monthly Price

Base Rent$1,900
Total Monthly Price$1,900
1 Bedroom, 1 Bath Home for Rent
Available Now

101 Birch St

BoontonNJ07005
property at 2467 NJ-10
$2,100

Total Monthly Price

Base Rent$2,100
Total Monthly Price$2,100
2 Bedroom, 1 Bath Home for Rent
Available Now

2467 NJ-10, Unit 1B

2467 NJ-10
Morris PlainsNJ07950

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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Showing Results 1-50, Page 1 of 2

Parsippany, NJ Local Guide

Cheapest Available Parsippany Apartments for Rent

 

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

Apartment ListingModel NameBed/BathPriced From
Edwards Gardens Apartments1 Bedroom Downstairs1BR,1BA$1,650
Knoll Gardens$2.29/sq.ft. - One Bedroom Standard w/Balcony1BR,1BA$1,670
Vail Manor - 55+$4.64/sq.ft. - V2B2b2BR,2BA$1,715
Parsippany GardensOne Bedroom One Bath1BR,1BA$1,728
Parsippany VillageOne Bedroom1BR,1BA$1,750
Baldwin Manor1 Bedroom with Balcony or Patio1BR,1BA$1,750
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
Colonial Heights1 BR-Over-sized Living - Eat-in Kitchen1BR,1BA$1,850

Best Value Apartments for Rent in Parsippany, NJ

As of September 06, 2026 the best value apartment in the Parsippany area is the $2.16 price per square foot $3.36/sq.ft. - Model P1W/P1E Model at Powder Mill Heights in the starting from $2,825. The second greatest value Parsippany apartment is the A10 Model at Whippany Village Apartments starting at $2,700 with a $2.28 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.
Powder Mill Heights$3.36/sq.ft. - Model P1W/P1E1BR,1BA$2.16
Whippany Village ApartmentsA102BR,2BA$2.28
Regis on Church Street1BR/1.0BA1BR,1BA$2.21
Camelot Gardens1 Bedroom1BR,1BA$1.96
Westgate Gardens$2.35/sq.ft. - Birch2BR,1BA$2.47
Edwards Gardens Apartments1 Bedroom Upstairs1BR,1BA$1.89
Lakeview Gardens$2.22/sq.ft. - One Bedroom1BR,1BA$2.22
Partridge Run Apartments1BR - 1BTH Upgraded1BR,1BA$2.41
Knoll Gardens$2.29/sq.ft. - One Bedroom Deluxe1BR,1BA$1.99
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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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 $1,868.

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 $1,715 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 $3,835.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.