Parsippany, NJ Rent History
54 months of data, 2021–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-06)
$2,925
1-year change
+14.0%
$360/mo
5-year change
+33.4%
$732/mo
Monthly rent trend
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Year-by-year rent in Parsippany
| Year | Median rent | YoY change | vs 2021 |
|---|---|---|---|
| 2021 | $2,193/mo | — | 0.0% |
| 2022 | $2,271/mo | +3.6% | +3.6% |
| 2023 | $2,454/mo | +8.1% | +11.9% |
| 2024 | $2,584/mo | +5.3% | +17.8% |
| 2025 | $2,555/mo | -1.1% | +16.5% |
| 2026 | $2,774/mo | +8.6% | +26.5% |
Frequently asked questions
How much has rent in Parsippany changed since 2021?
Median rent in Parsippany, NJ was $2,193 in 2021-12 and is $2,925 as of 2026-06 — a change of $732 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 +33.4% ($732 per month). The current median is $2,925.
Is rent in Parsippany going up or down year over year?
Year over year, median rent in Parsippany, NJ has increased +14.0% ($360/mo). Current median: $2,925.