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Avalon Parsippany

3 Campus Dr, Parsippany, NJ, 07054

Market rate 48 units (unit count basis: listing-reported) FEMA/NRI hazard read: Relatively Moderate

Asking & effective rent by bedroom

Average asking rent across observed units: $2,890. Average effective rent: $2,890.

TypeAsking rentEffective rentAvg sqftObservations
1 bedroom$2,525$2,525not observed1
2 bedroom$3,255$3,255not observed1

HUD Fair Market Rent gap

HUD area: Newark, NJ HUD Metro FMR Area.

FMR comparison not observed for this property.

Amenities

4 mi from downtown Morristown with an array of dining, arts, entertainment, and retail optionsBalcony/Patio (In select homes)Courtyard with outdoor lounge areasFitness CenterGreen CommunityIn-Unit Washer/DryerKeyless entry via Latch app or keycodeLess than 2 mi from Wegman's and 3 mi from Trader Joe's, ShopRite, and Whole FoodsLoungePackage AcceptanceParkingPet FriendlyPoolQuartz CountertopsStainless Steel AppliancesWalk-in Closets

Operator

Managed by AvalonBay Communities.

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

No nearby comparables with rent data were found within 3 miles.

Sources & provenance

Sourced from https://www.avaloncommunities.com/new-jersey/parsippany-apartments/avalon-parsippany/ — 5 observation(s), last observed Jul 27, 2026.

Data age: 21 days. Last observed: Jul 27, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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