Comptroveby RentSpire

Luxury Parsippany

11-21 Upper Pond Road, Parsippany, NJ, 07054

unknown not observed units (unit count basis: listing-reported) Hazard/risk read: not observed

Asking & effective rent by bedroom

Average asking rent across observed units: $3,162. Average effective rent: $3,162.

TypeAsking rentEffective rentAvg sqftObservations
Studio$2,230$2,2305011
1 bedroom$2,868$2,8689113
2 bedroom$3,767$3,7671,1393

HUD Fair Market Rent gap

HUD area: Newark, NJ HUD Metro FMR Area.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

not observed

Nearby comparable properties

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

PropertyLocationDistanceAvg askingSimilarity
Avalon Boonton Boonton, NJ 1.77 mi not observed 53%
Avalon Montville Pine Brook, NJ 2.2 mi $2,910 49%

Sources & provenance

Sourced from https://livelexica.com/floorplans/ — 7 observation(s), last observed Aug 6, 2026.

Data age: 11 days. Last observed: Aug 6, 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.

Open the interactive comp report →