Parsippany, NJ Rent History
57 months of data, 2021–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-09)
$2,832
1-year change
+3.2%
$87/mo
5-year change
+27.4%
$609/mo
Monthly rent trend
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Year-by-year rent in Parsippany
| Year | Median rent | YoY change | vs 2021 |
|---|---|---|---|
| 2021 | $2,223/mo | — | 0.0% |
| 2022 | $2,297/mo | +3.3% | +3.3% |
| 2023 | $2,489/mo | +8.4% | +12.0% |
| 2024 | $2,620/mo | +5.3% | +17.9% |
| 2025 | $2,748/mo | +4.9% | +23.6% |
| 2026 | $2,791/mo | +1.6% | +25.6% |
Frequently asked questions
How much has rent in Parsippany changed since 2021?
Median rent in Parsippany, NJ was $2,223 in 2021-12 and is $2,832 as of 2026-09 — a change of $609 per month over 5 years.
How much has Parsippany rent increased in the last 5 years?
Over the past 5 years, median rent in Parsippany, NJ has changed +27.4% ($609 per month). The current median is $2,832.
Is rent in Parsippany going up or down year over year?
Year over year, median rent in Parsippany, NJ has increased +3.2% ($87/mo). Current median: $2,832.