Cheap Apartments for Rent in Parsippany, NJ from $1,400 (47 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article
close
View Me
500 Parq
Rent Specials
$2,076 - $4,663
Total Monthly Price

Total Monthly Price

Base Rent
$2,076 - $4,663
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

500 Parq

500 Parq LnParsippany, NJ 07054
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
close
View Me
Vail Manor - 55+
1 to 2 Bedroom Apartments

Vail Manor - 55+

186 Vail RdParsippany, NJ 07054
Senior Living
  • Utilities Included

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.

Read Article
property at 2467 NJ-10

$1,800 - $2,290

1 To 2 Bedroom Rentals

Available Now

2467 NJ-10

Morris PlainsNJ07950
property at 2350 NJ-10

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250
Total Monthly Price
$2,250

2 Bedroom, 1 Bath Condo for Rent

Available Now

2350 NJ-10, Unit Building A, 2

2350 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.

Read Article
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 NJ-10

Morris PlainsNJ07950
property at 112B Minnehaha Blvd

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

1 Bedroom, 1 Bath Home for Rent

Available Now

112B Minnehaha Blvd

Parsippany Troy HillsNJ07034
property at 101 Birch St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

2 Bedroom, 1 Bath Home for Rent

Available Now

101 Birch St

BoontonNJ07005
property at 2889 NJ-10

$2,190 - $2,640

1 To 2 Bedroom Rentals

Available Now

2889 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.

Read Article
Showing Results 1-47, Page 1 of 1

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. Parsippany Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,733. 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
Parsippany GardensOne Bedroom One Bath1BR,1BA$1,733
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
Redstone Gardens$2.54/sq.ft. - One Bedroom_A1BR,1BA$1,880
Partridge Run Apartments1 BR 1 BTH | Classic1BR,1BA$1,925

Best Value Apartments for Rent in Parsippany, NJ

As of July 22, 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 $1.92/sq.ft. - Two Bedroom Model at Knoll Gardens starting at $2,150 with a $1.92 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
Knoll Gardens$1.92/sq.ft. - Two Bedroom2BR,1BA$1.92
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 | Classic1BR,1BA$2.21
Baldwin Manor2 Bedroom with Balcony or Patio2BR,1BA$2.66
Westgate Gardens$2.29/sq.ft. - Ash1BR,1BA$2.61
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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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

Explore Parsippany, NJ Rentals by Map

Decorative image of map

See the most popular apartments and homes in Parsippany, NJ

View Map
Parsippany, NJ Apartments Map
View Map
Parsippany, NJ Rental Homes Map

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 $2,042.

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 $4,153.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.