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Apartments in 07054

1 - 8 of 8 Results
31
$2,375 - 4,285
The Lawrence
Deal
169 Johnson Rd Parsippany, NJ
Studio - 2 BR | Available Now
Contact
Covered Parking
Fitness Center
20
3D Tour
$1,925 - 2,745
Partridge Run Apartments
130 New Rd Parsippany, NJ
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Dishwasher
28
$2,230 - 3,915
Lexica
Deal
11-21 Upper Pond Rd Parsippany, NJ
Studio - 2 BR | Available Now
Contact
Air Conditioning
Covered Parking
Surface Parking
In Unit Laundry
Fitness Center
27
3D Tour
$1,812 - 3,005
Parsippany Gardens
380-388 Parsippany RD Parsippany, NJ
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Dishwasher
63
$2,205 - 4,315
Avalon Parsippany
3 Campus Dr Parsippany, NJ
Studio - 2 BR | Available Now
Contact
2
$1,825 - 2,345
Dartmouth Village Apartments
270 Baldwin Rd Parsippany, NJ
1 - 2 BR | Available Now
Contact
Cat Friendly
Storage
Disability Access
3
$1,850 - 2,045
Colonial Heights
5.0
300 Parsippany Rd Parsippany, NJ
1 BR | Available Now
Contact
Cat Friendly
Storage
Disability Access
Dishwasher
$1,965 - 1,975
Park Lake Village
350 Baldwin Rd Parsippany, NJ
1 BR | Available Now
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1 - 8 of 8 Results
  1. Home
  2. New York Area Apartments
  3. Parsippany
  4. 07054

How much does it cost to rent an apartment in 07054?

07054 apartments
Bed Type Average Rent Range
Studio $2,380 $2,210 - $2,840
1BR $2,700 $1,880 - $3,000
2BR $3,750 $2,950 - $4,160
Frequently Asked Questions

How many apartments are available in 07054 on Rentable.co?

Rentable.co has 8 apartments available for rent in 07054.

What is the average rent for an apartment in 07054?

The average rent for an apartment in 07054 is around $2,700 per month.

What is the average rent for a one-bedroom apartment in 07054?

The average rent for a one-bedroom apartment in 07054 is around $2,695 per month.

What is the average rent for a two-bedroom apartment in 07054?

The average rent for a two-bedroom apartment in 07054 is around $3,745 per month.

What is the average rent for a studio apartment in 07054?

The average rent for a studio apartment in 07054 is around $2,375 per month.

Find an Apartment in 07054
Looking for apartments for rent in 07054 Parsippany, NJ? Rentable currently has a number of rental units available in this zip code. The average rent in 07054 is $2,700, and you can find 237 units listed on Rentable.

If you're looking for a specific floor plan type, the minimum rent for that type is $1,876. With a variety of options available, you'll be able to find the perfect apartment to suit your needs.

Parsippany, NJ offers a great location for residents, with easy access to nearby points of interest and amenities. There are several parks in the area, providing opportunities for outdoor recreation and relaxation. Additionally, you'll find a range of community amenities close by, such as shopping centers, restaurants, and entertainment venues.

To find your next rental in the 07054 area, browse Rentable's selection of apartments near 07054 and discover the perfect place for you.

Parsippany:
May Rent Report

Welcome to the May 2026 Parsippany Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 key findings and figures for the Parsippany rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Parsippany and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Parsippany average rent prices in the chart below.

Monthly Rent Report

$2,800
$2,100
$1,400
$700
$0
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
May. 2026
1 BR       2 BR

Parsippany Rent Prices Decrease From April to May

Parsippany rent prices decreased over the last month. From April to May, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Parsippany one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from April to May, Parsippany experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Parsippany two-bedroom apartments currently stands at $.

May Prices: Parsippany vs. Surrounding Areas

Rent Prices in Parsippany and Surrounding Areas

Rent prices have decreased in Parsippany over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Parsippany suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Parsippany suburbs

  • Rents did not decrease in any of the Parsippany suburbs.

May 2026 Pricing Trends: Parsippany vs. National Comparisons

Parsippany Rent Prices More Affordable Than Major Cities

Rent growth in Parsippany over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Parsippany average rent prices appear to be relatively affordable for local residents.

The price for a Parsippany one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Parsippany and surrounding area rent prices, take a look at the complete data set below.

Data set for Parsippany and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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