500 Parq
500 Parq Ln,
Parsippany, NJ 07054
$2,397 - $5,142 | Studio - 3 Beds
Parsippany
Parsippany, NJ
Area Guide
Where the river winds through the valley
Wooded
•
Lakes
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Attractive
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Historic
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Commutes
•
Mass Transit
•
Parks
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From the sandy Hoffman Beach on Lake Parsippany to the beautiful homes in tree-filled neighborhoods, Parsippany exemplifies New Jersey's "Garden State" slogan. The town is award-winning, often topping "best" lists for places to live, and it has been a "Tree City USA" for more than 40 years. The town's history dates back to the first Dutch colony established in 1611, and several historic locations provide a glimpse into the town's history. One of those locations, the Benjamin Howell Homestead, was built in 1763. Another, the Stickley Museum at Craftsman Farms, was designed and built by Gustav Stickley -- the only home he built for himself. The museum offers guided tours of the 1911 homestead, which provides a unique glimpse at the arts and crafts movement.
Parsippany wraps around two large lakes, Lake Parsippany and Boonton Reservoir. It is home to several parks and golf courses, adding to the natural beauty of the town. The Troy Meadows Wetlands provides hiking and bird-watching opportunities, while Mountain Way provides the Mountain Way Trails, a playground, a basketball court, and picnic areas. Parsippany is located about 25 miles northwest of New York City, with I-280 leading directly into Manhattan. Bus and train service to Penn Station is also available. Route 46, which extends through Parsippany, is lined with a variety of shopping centers, restaurants, and other businesses.
Rent Trends
As of March 2025, the average apartment rent in Parsippany, NJ is $2,240 for a studio, $1,964 for one bedroom, $2,580 for two bedrooms, and $4,768 for three bedrooms. Apartment rent in Parsippany has increased by 2.5% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,964/month
766 Sq Ft
House
$3,449/month
588 Sq Ft
Townhome
$3,860/month
408 Sq Ft
Transportation
42
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
1
Minimal Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
38
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Whippany Railway Museum
- Conklin Farm
- Frelinghuysen Arboretum
- Tourne County Park
- Hamilton Farms
Transit / Subway
Commuter Rail
Military Bases
Airports
- Newark Liberty International
- Laguardia
Top Apartments in Parsippany
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Property Management Companies in Parsippany, NJ
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.