Surfactant-free polypyrrole (PPy) nanoparticles, which were colloidally stable in aqueous medium, were successfully synthesized by coupling polymerization of pyrrole using Fe(NO3)3 solids in the absence of any colloidal stabilizer. The pyrrole monomers were gradually supplied from the vapor phase, and the coupling reaction of the monomers could proceed to generate PPy in a water medium. The resulting PPy nanoparticles were extensively characterized in terms of diameter, bulk chemical composition, surface chemistry, and colloidal stability by dynamic light scattering, electron microscopy, elemental microanalysis, Fourier transform infrared spectroscopy, Raman spectroscopy, electrophoresis, and X-ray photoelectron spectroscopy. The characterization results indicated that the PPy nanoparticles can be colloidally stable based on the electrostatic stabilization mechanism due to cationic charges generated on the PPy molecules by doping during the polymerization. General chemical oxidative polymerization in aqueous medium using the Fe(NO3)3 oxidant without a colloidal stabilizer as a control experiment resulted in generation of atypical PPy aggregates with over a micrometer size, indicating that the polymerization at low ionic strength is essential for colloidal particle formation. Finally, it was demonstrated that the PPy nanoparticles worked as a surfactant-free black-colored particulate emulsifier by adsorption at the oil-water interface to stabilize Pickering-type oil-in-water emulsions.