How much is a 2-bedroom apartment in Parsippany-Troy Hills Township, NJ?

Name: Rent by bedrooms in Parsippany-Troy Hills Township, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

In Parsippany-Troy Hills Township, NJ, the median gross rent for a two-bedroom home is $2,004 (±$108) a month (2020–2024 American Community Survey, table B25031).

A one-bedroom home rents for a median of $1,617 (±$51).

A three-bedroom home rents for a median of $2,446 (±$487).

HUD’s fiscal year 2027 Fair Market Rent for a two-bedroom home in the Newark, NJ HUD Metro FMR Area is $2,233.

Figures last updated on November 12, 2026.

Studio: $1,404 (±$189)
1 bedroom: $1,617 (±$51)
2 bedrooms: $2,004 (±$108)
3 bedrooms: $2,446 (±$487)

Rent by bedroom count in Parsippany-Troy Hills Township

Median gross rent by number of bedrooms, estimate (90% margin of error)
	Parsippany-Troy Hills Township	Morris County	New Jersey	United States
Studio	$1,404 (±$189)	$1,553 (±$175)	$1,363 (±$30)	$1,248
1 bedroom	$1,617 (±$51)	$1,669 (±$28)	$1,465 (±$9)	$1,235
2 bedrooms	$2,004 (±$108)	$2,183 (±$59)	$1,804 (±$9)	$1,407
3 bedrooms	$2,446 (±$487)	$2,471 (±$128)	$2,037 (±$18)	$1,584
4 bedrooms	$3,133 (±$294)	$3,102 (±$198)	$2,365 (±$47)	$1,957

A median for a bedroom size is published only where enough renting households of that size were surveyed; a dash means the Census Bureau did not publish one.

Census rents against HUD’s Fair Market Rent, fiscal year 2027

Dollars a month; the Fair Market Rent is for the Newark, NJ HUD Metro FMR Area
	Census median, this place	HUD Fair Market Rent
1 bedroom	$1,617 (±$51)	$1,850
2 bedrooms	$2,004 (±$108)	$2,233
3 bedrooms	$2,446 (±$487)	$2,785

A Fair Market Rent is HUD’s estimate of the gross rent of a modest rental home across the whole HUD area, set for the voucher program; the Census median is what renting households in this place reported paying.

The two answer different questions and are not expected to match.

Median gross rent, 2 bedrooms in places near Parsippany-Troy Hills Township

Nearest places with a published estimate, compared with Parsippany-Troy Hills Township
Place	Distance	Median gross rent, 2 bedrooms	Compared with this place
Parsippany-Troy Hills Township	—	$2,004 (±$108)	—
Whippany	2.5 mi	$3,036 (±$925)	Higher
Hanover Township	2.8 mi	$3,054 (±$282)	Higher
Morris Plains Borough	3.0 mi	$2,973 (±$594)	Higher
Boonton Town	3.2 mi	$1,727 (±$46)	Lower
Cedar Knolls	3.3 mi	$3,058 (±$325)	Higher
Denville Township	3.9 mi	$2,313 (±$341)	Not measurably different
Pine Brook	4.2 mi	$2,636 (±$136)	Higher
East Hanover Township	4.2 mi	$3,172 (±$215)	Higher

Nearby places with a measurably lower figure: Boonton Town, NJ ($1,727).

Nearby places with a measurably higher figure: Whippany, NJ ($3,036), Hanover Township, NJ ($3,054), Morris Plains Borough, NJ ($2,973).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent, 2 bedrooms across Morris County, place by place

Rank	Place	Median gross rent, 2 bedrooms
14	Riverdale Borough	$2,540 (±$927)
15	Chatham Borough	$2,375 (±$142)
16	Kinnelon Borough	$2,351 (±$234)
17	Denville Township	$2,313 (±$341)
18	Roxbury Township	$2,165 (±$212)
19	Chester Borough	$2,111 (±$516)
20	Parsippany-Troy Hills Township	$2,004 (±$108)
21	Lincoln Park Borough	$1,984 (±$295)
22	Randolph Township	$1,967 (±$225)
23	Washington Township (Morris County)	$1,943 (±$360)
24	Mount Olive Township	$1,931 (±$196)
25	Rockaway Borough	$1,870 (±$286)
26	Dover Town	$1,866 (±$146)

Showing 13 of 33 places in Morris County, ranked from highest to lowest.

The figures for Parsippany-Troy Hills Township include the places inside it that have pages of their own: Lake Hiawatha, Mount Tabor, Parsippany, Rainbow Lakes, Troy Hills.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Parsippany-Troy Hills Township

How much is a one-bedroom apartment in Parsippany-Troy Hills Township?

The median gross rent for a one-bedroom home in Parsippany-Troy Hills Township, NJ is $1,617 (±$51) a month (2020–2024 American Community Survey).

How much is a two-bedroom apartment in Parsippany-Troy Hills Township?

The median gross rent for a two-bedroom home in Parsippany-Troy Hills Township, NJ is $2,004 (±$108) a month (2020–2024 American Community Survey).

How much does a three-bedroom rental cost in Parsippany-Troy Hills Township?

The median gross rent for a three-bedroom home in Parsippany-Troy Hills Township, NJ is $2,446 (±$487) a month (2020–2024 American Community Survey).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year detailed tables (acs/acs5) for Parsippany-Troy Hills township, Morris County, New Jersey (county subdivision:56460, in state:34 county:027).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

B25031_002E, B25031_002M, B25031_003E, B25031_003M, B25031_004E, B25031_004M, B25031_005E, B25031_005M, B25031_006E, B25031_006M, B25031_007E, B25031_007M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.