1-Bedroom Apartment Rent in Parsippany, NJ
Median asking rent for a 1-bedroom apartment in Parsippany, New Jersey as of August 2026. That's +30% lower than the citywide median of $2,825 and +42% above the national 1-bedroom median of $1,395.
Income needed for a 1-bedroom in Parsippany
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 1-bedroom at the current median rent.
Rent by apartment size in Parsippany
Compare Parsippany's median rent across every apartment size.
Cheapest cities for a 1-bedroom in New Jersey
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Tinton Falls | $1,187 |
| 2 | Camden | $1,190 |
| 3 | West Deptford Township | $1,230 |
| 4 | Atlantic City | $1,240 |
| 5 | Bellmawr | $1,240 |
| 6 | Vineland | $1,240 |
| 7 | Millville | $1,250 |
| 8 | Pleasantville | $1,270 |
| 9 | Blackwood | $1,324 |
| 10 | Phillipsburg | $1,350 |
| 11 | Seaside Heights | $1,350 |
| 12 | Somerdale | $1,360 |
| 13 | Lakewood | $1,380 |
| 14 | Burlington Township | $1,410 |
| 15 | Passaic | $1,430 |
Most expensive cities for a 1-bedroom in New Jersey
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Hoboken | $3,040 |
| 2 | Edgewater | $2,710 |
| 3 | Cresskill | $2,710 |
| 4 | Mount Arlington | $2,650 |
| 5 | Morris Plains | $2,650 |
| 6 | Livingston | $2,650 |
| 7 | East Hanover Township | $2,650 |
| 8 | Cedar Knolls | $2,650 |
| 9 | Berkeley Heights | $2,650 |
| 10 | Secaucus | $2,590 |
| 11 | Pine Brook | $2,580 |
| 12 | South Orange | $2,560 |
| 13 | Chatham | $2,550 |
| 14 | Morristown | $2,540 |
| 15 | Weehawken | $2,470 |
Nearby cities — 1-bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 1-bedroom rents than Parsippany.
| City | Distance | 1-Bedroom rent | vs Parsippany |
|---|---|---|---|
| Cedar Knolls, NJ | 4.2 mi | $2,650 | +$670 (+34%) |
| Madison, NJ | 6.6 mi | $2,450 | +$470 (+24%) |
| Livingston, NJ | 6.9 mi | $2,650 | +$670 (+34%) |
| Short Hills, NJ | 9 mi | $2,430 | +$450 (+23%) |
| Summit, NJ | 9.9 mi | $2,440 | +$460 (+23%) |
| West Orange, NJ | 10.5 mi | $2,080 | +$100 (+5%) |
| Montclair, NJ | 12.9 mi | $2,260 | +$280 (+14%) |
| Westfield, NJ | 14.5 mi | $2,420 | +$440 (+22%) |
| Plainfield, NJ | 16.4 mi | $1,630 | $-350 (-18%) |
| Roselle, NJ | 17 mi | $1,610 | $-370 (-19%) |
| Warren Township, NJ | 17.2 mi | $2,080 | +$100 (+5%) |
| Hawthorne, NJ | 18.2 mi | $1,820 | $-160 (-8%) |
1-Bedroom rent in Parsippany — common questions
How much is a 1-bedroom apartment in Parsippany?
As of August 2026, the median 1-bedroom apartment rent in Parsippany, New Jersey is $1,980 per month. This is +30% below the citywide median of $2,825.
What income do you need to afford a 1-bedroom in Parsippany?
Using the standard 30% rent-to-income rule, you would need an annual income of about $79,200 ($6,600/month gross), which works out to roughly $38.08/hour at a full-time job.
Is Parsippany expensive for a 1-bedroom compared to the rest of the US?
Parsippany's 1-bedroom median of $1,980 is +42% above the national 1-bedroom median of $1,395. It ranks in the 81th percentile of US cities tracked.
How does Parsippany rank for 1-bedroom rent in New Jersey?
Among the 176 cities in New Jersey with 1-bedroom data, Parsippany ranks #121 from cheapest to most expensive.
Are there cheaper 1-bedroom options near Parsippany?
Yes — nearby cities with cheaper 1-bedroom rents include Plainfield ($1,630), Roselle ($1,610), Hawthorne ($1,820).