Cheap Apartments for Rent in Parsippany, NJ from $1,500 (45 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 2467 NJ-10

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

2467 NJ-10

Morris PlainsNJ07950
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Modera Montville
1 to 3 Bedroom Apartments

Modera Montville

340 Changebridge RdPine Brook, NJ 07058

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 1-45, 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 Vail Gardens priced from $1,650. Parsippany 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
Vail GardensStudioStudio,1BA$1,650
Parsippany GardensOne Bedroom One Bath1BR,1BA$1,670
Parsippany VillageOne Bedroom1BR,1BA$1,705
Baldwin Manor1 bedroom1BR,1BA$1,725
Knoll Gardens$2.42/sq.ft. - One Bedroom Standard w/Balcony1BR,1BA$1,770
Rutgers Village ApartmentsOne Bedroom1BR,1BA$1,800
Troy Gardens Apartments1BR/1BA1BR,1BA$1,875
Partridge Run Apartments1 Bed 1 Bath | Classic1BR,1BA$1,895
Redstone Gardens$2.59/sq.ft. - One Bedroom_A1BR,1BA$1,895
Troy Hills VillageThe Alpine I - No Balcony (2 occupants max)1BR,1BA$1,925

Best Value Apartments for Rent in Parsippany, NJ

As of December 08, 2025 the best value apartment in the Parsippany area is the $1.55 price per square foot $3.52/sq.ft. - Model P2WSB/P2ESB Model at Powder Mill Heights in the starting from $3,100. The second greatest value Parsippany apartment is the $2.69/sq.ft. - Dogwood Model at Ridgeview Commons starting at $3,225 with a $2.69 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$3.52/sq.ft. - Model P2WSB/P2ESB2BR,2BA$1.55
Ridgeview Commons$2.69/sq.ft. - Dogwood2BR,2BA$2.69
Knoll Gardens$2.14/sq.ft. - Two Bedroom2BR,1BA$2.14
Lakeview Gardens$2.52/sq.ft. - Two Bedroom2BR,1BA$2.52
Partridge Run Apartments2 Bed 1.5 Bath | Renovated2BR,1.5BA$2.31
Denville Manor4 Room 2 Bedroom2BR,1BA$2.66
Redstone Gardens$2.58/sq.ft. - One Bedroom_B1BR,1BA$2.65
Camelot Gardens1 Bedroom1BR,1BA$2.68
Rutgers Village ApartmentsOne Bedroom1BR,1BA$2.57
Parsippany VillageOne Bedroom1BR,1BA$2.62

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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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.

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

Explore Parsippany, NJ Rentals by Map

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See the most popular apartments and homes in Parsippany, NJ

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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 $1,672 at Parsippany Gardens.

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 $2,200 at Vail Gardens.

What is the most affordable Parsippany Three Bedroom Apartment?

The best deal on a cheap Parsippany Three Bedroom Apartment rental is at Powder Mill Heights and starts from $3,900.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.