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Parsippany Apartments For Rent

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Avg. RentAnnual Change
Studio - $1,605+2%
1 Bed - $1,750+14%
2 Beds - $2,087+10%
3 Beds - $3,200-
Last updated 8/14/2022

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Overview of Parsippany

Ranked no. 13 in CNN/Money Magazine's Best Places to Live in 2008, Parsippany, New Jersey, is a quaint township in Morris County, New Jersey. Technically labeled Parsippany-Troy Hills Township, Parsippany sits on just 25 square miles of beautiful New Jersey land. Home to about 52,000 residents, this quaint bedroom community boasts a small-town feel and a strong town culture. Parsippany's family-oriented community structure offers neighborhood events and public parks, which encourage the community to come together over civic matters and town issues. The town also boasts mature wooded lots, convenient freeway access and a quiet living style.

Although Parsippany has a small-town vibe, it has a high population density as a result of its small land mass. Those searching for Parsippany apartments for rent will be happy to note that about 31 percent of homes in Parsippany are renter-occupied, while 69 percent of homes are owner-occupied.

Living in Parsippany, NJ

Parsippany's residents enjoy numerous activities, such as summer concerts, holiday events, green events, career fairs, barbecues and farmers markets. The community's involvement in daily town life is symbolic of its commitment to involvement, relationships, and a sense of place.

Parsippany has done a fantastic job of preserving its character: Some Parsippany homes date back to the 1700s. The Parsippany Playhouse hosts local theater performances, giving residents an opportunity to socialize and have fun. The city preserves itself in other ways, too: It is widely known for its aggressive recycling program.

The median age in Parsippany is generally averages in the range of 38 years. Parsippany's population is mainly made up of families, empty-nesters and commuters. Those looking for a family-friendly suburban vibe will be happy to begin calling Parsippany, New Jersey, your home.

Parsippany Work and Study

Although Parsippany isn't home to any colleges or universities, a number of education options exist in the surrounding area. Caldwell College, College of Saint Elizabeth, Drew College, FDU-Florham College, Montclair State College and N.J.I.T. College are all located within 10 miles of Parsippany.

Many Parsippany residents commute for work, but the Parsippany area is home to numerous businesses and stores. Major companies are also headquartered in Parsippany, including PNY, Wyndham Worldwide and Curtiss-Wright.

Rentals in Parsippany, NJ and Cost of Living

Those looking for Parsippany rentals should be aware of the relatively high costs of living in Parsippany. The New York City metropolitan area is known for its higher living costs, and Parsippany is no exception. Parsippany's cost of living index is 150.4, which is 50.4 percent higher than the national cost of living average.

Incoming residents should also note that Parsippany does not have a significant public transit option within the city. Commuters will want to factor in gasoline costs, as the city is not particularly walkable either.

Parsippany Attractions and Special Events

Parsippany's community events highlight its close-knit vibe and family-friendliness. From concerts in the park to school involvement, this township is truly a place for families.

Natural beauty, such as Lake Parsippany, Manor Lake, Rainbow Lakes and Troy Meadows allow residents to kick back and enjoy nature, and Parsippany's interspersing greenery is sure to delight any tree-lover.

The Knoll Golf Club, a pristine 339-acre golf course in the heart of the Parsippany-Troy Hills Township, is a par 70 course that is enjoyed by residents and visitors alike.

To find your next rental apartment or house in Parsippany, take a look at our listings on Rent.com®.

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