Cheap Apartments for Rent in Parsippany, NJ from $1,400 (49 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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500 Parq
Rent Specials
$2,176 - $4,026
Total Monthly Price

Total Monthly Price

Base Rent
$2,176 - $4,026
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

500 Parq

500 Parq LnParsippany, NJ 07054
Luxury
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Vail Manor - 55+
1 to 2 Bedroom Apartments

Vail Manor - 55+

186 Vail RdParsippany, NJ 07054
Senior Living
  • 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 2350 NJ-10

$2,050

Total Monthly Price

Total Monthly Price

Base Rent
$2,050
Total Monthly Price
$2,050

1 Bedroom, 1 Bath Condo for Rent

Available Now

2350 NJ-10, Unit A26

2350 NJ-10
Morris PlainsNJ07950

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 19 Foxwood Dr

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500
Total Monthly Price
$2,500

1 Bedroom, 1.5 Bath Condo for Rent

Available Jul 15

19 Foxwood Dr, Unit H

19 Foxwood Dr
Morris PlainsNJ07950
property at 2467 NJ-10

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

2467 New Jersey 10 2B

2467 NJ-10
Morris PlainsNJ07950
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 2467 NJ-10

$1,825 - $1,900

1 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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Showing Results 1-49, 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 $1,469. 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$1,469
Edwards Gardens Apartments1 Bedroom Downstairs1BR,1BA$1,650
Knoll Gardens$2.32/sq.ft. - One Bedroom Deluxe1BR,1BA$1,695
Parsippany VillageOne Bedroom1BR,1BA$1,750
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 VillageHOLIIDAY SPECIAL- $1,795 effective rent1BR,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 June 07, 2026 the best value apartment in the Parsippany area is the $2.28 price per square foot Townhome E Model at Hanover Mills in the starting from $5,100. The second greatest value Parsippany apartment is the $2.27/sq.ft. - Model P2WB/P2EB Model at Powder Mill Heights starting at $2,925 with a $1.46 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 MillsTownhome E2BR,2.5BA$2.28
Powder Mill Heights$2.27/sq.ft. - Model P2WB/P2EB2BR,2BA$1.46
Lakeview Gardens$2.25/sq.ft. - Two Bedroom2BR,1BA$2.25
Rachel Gardens2 Bed 1.5 Bath Townhouse2BR,1.5BA$2.50
Edwards Gardens Apartments1 Bedroom Upstairs1BR,1BA$1.89
Partridge Run Apartments1 BR 1 BTH | Renovated1BR,1BA$2.58
Knoll Gardens$2.32/sq.ft. - One Bedroom Deluxe1BR,1BA$1.99
Westgate Gardens$2.29/sq.ft. - Ash1BR,1BA$2.48
Camelot Gardens1 Bedroom1BR,1BA$2.55
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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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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 $1,469.

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 $2,125 at Baldwin Manor.

What is the most affordable Parsippany Three Bedroom Apartment?

The best deal on a cheap Parsippany Three Bedroom Apartment rental is at Sterling Parc at Hanover and starts from $4,354.

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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.