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Cheap Apartments for Rent in Paterson, NJ from $600 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Paterson.
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$1,350 - $1,950Studio to 2 Bedroom Apartments Available Now
324,339 and 431 Broadway
324 BroadwayPaterson, NJ 07501
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$1,398 - $1,4051 Bedroom Apartments Available Now
Freedom Village Senior 55+
69 Straight StPaterson, NJ 07501
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252 N 4th St
PatersonNJ07522
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Studio to 2 Bedroom Apartments
Redwood Apartments Newly Constructed!
208 Redwood AvePaterson, NJ 07522
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12 Quincy St
PassaicNJ07055
101 Center St
CliftonNJ07011
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$1,4501 Bedroom Apartment Available Now
232 Haledon Ave, Unit 3
232 Haledon AveProspect Park, NJ 07508
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$1,595 - $2,1951 to 2 Bedroom Apartments Available Now
Martha Washington Apartments
1401 Van Houten AveClifton, NJ 07013
40 Quincy St
PassaicNJ07055
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Showing Results 1-38, Page 1 of 1
Paterson, NJ Local Guide
How much does it cost to rent an apartment in Paterson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Paterson Studio Apartments | $1,945 | $1,450 | $2,400 |
| Cheap Paterson 1 Bedroom Apartments | $2,193 | $650 | $3,625 |
| Cheap Paterson 2 Bedroom Apartments | $2,766 | $1,600 | $4,970 |
| Cheap Paterson 3 Bedroom Apartments | $2,911 | $1,900 | $5,220 |
| Cheap Paterson 4 Bedroom Apartments | $2,799 | $2,100 | $3,400 |
Browse Top Apartments in Paterson
See all Apartments in PatersonExplore Paterson
Paterson, NJ Local Guide
Written By:
Justin HabersaatEditing Staff
- Paterson Neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Neighborhoods for Apartments in Paterson, NJ
Pricing Updated: 10/24/2025Current apartment rentals in the Paterson, NJ area range in price from $650 to $4,800 with an overall median price of $2,884. The three Paterson neighborhoods with the lowest median rent pricing are Downtown Paterson at $1,398, Eastside at $1,398, and Wrigley Park at $650. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Paterson Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Paterson | $2,300 | $1,398 | 14 |
| Eastside | $2,450 | $1,398 | 13 |
| Wrigley Park | $2,450 | $650 | 23 |
| Sandy Hill | $2,550 | $1,398 | 24 |
| Peoples Park | $2,650 | $1,450 | 17 |
| Eastside Park | $2,842 | $1,750 | 40 |
| South Paterson | $2,850 | $1,800 | 14 |
| Manor | $2,900 | $1,750 | 41 |
| Lakeview | $2,925 | $1,850 | 24 |
| Great Falls | $3,200 | $1,398 | 36 |
Cheapest Available Paterson Apartments for Rent
The cheapest available apartment rental in Paterson, NJ is a Studio unit found at 324,339 and 431 Broadway in the Stoney Road neighborhood priced from $1,350. Freedom Village Senior 55+ in the Stoney Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,398. Here is today’s list of the most affordable Paterson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 324,339 and 431 Broadway | 324 Broadway | Studio,1BA | $1,350 |
| Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $1,398 |
| Martha Washington Apartments | One Bedroom Small | 1BR,1BA | $1,595 |
| Fairlawn Properties | 3 Room 1 Bedroom | 1BR,1BA | $1,695 |
| Lafayette Park Apartments | Studio | Studio,1BA | $1,699 |
| 118 East 24th St Apartments | 1 Bd/ 1 Ba | 1BR,1BA | $1,700 |
Best Value Apartments for Rent in Paterson, NJ
As of October 24, 2025 the best value apartment in the Paterson area is the $1.55 price per square foot JUSTIN LANE Model at Belmont Estates Townhomes in the in the Preakness neighborhood starting from $4,795. The second greatest value Paterson apartment is the 354 Highland Ave Model at 354 Highland Ave, Unit 2 second floor starting at $2,875 with a $1.20 price per square foot in the Downtown Passaic neighborhood. Here is today’s list of the best values for Paterson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Belmont Estates Townhomes | JUSTIN LANE | 3BR,2.5BA | $1.55 |
| 354 Highland Ave, Unit 2 second floor | 354 Highland Ave | 3BR,1BA | $1.20 |
| 66 Wood St, Unit 2 | 66 Wood St | 4BR,2BA | $1.70 |
| 242 Union Ave, Unit 1st Floor | 242 Union Ave | 3BR,2BA | $1.42 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 76 Planten Ave, Unit 1st floor | 76 Planten Ave | 2BR,1BA | $1.19 |
| 264 Union Ave, Unit 2 | 264 Union Ave | 3BR,1BA | $1.47 |
| 232 Haledon Ave, Unit 3 | 232 Haledon Ave | 1BR,1BA | $1.45 |
| 37 Highland St, Unit 1 | 37 Highland St | 2BR,1BA | $1.60 |
| 124 Lyon St, Unit 3 | 124 Lyon St | 1BR,1BA | $1.30 |
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Paterson Overview
The largest city in Passaic County and the third most populated in the entire great state of New Jersey, Paterson is a popular Garden State destination that acts as home to almost 150,000 proud residents. Known as 'Silk City' for its long history as a production hub of industry, this blue collar and diverse hot spot is an excellent way to get to experience first hand all that NJ has to offer.
Why live in Paterson, NJ?
Steeped in history, Paterson apartment life is a fantastic way to get to know New Jersey. Brimming with east coast pride and offering much in the way of local arts, entertainment and shopping, this hotspot of diversity contains just about every walk of life when it comes to its budding population, from retirees to college students, career-centered working singles to growing blue collar families. When it comes to life in the Garden State, it doesn't get much more authentic than Paterson.
Best Local Schools in Paterson, NJ
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Paterson, NJ Rentals by Map
See the most popular apartments and homes in Paterson, NJ
Getting Around Paterson, NJ
Walk Score®
82 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
52 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Paterson Apartments
What is a cheap apartment in Paterson?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Paterson is under $1,700.
What is the price of a cheap apartment in Paterson?
The cheapest apartment in Paterson is Freedom Village Senior 55+ which is listed at $1,398, while the average apartment in Paterson costs $2,884.
What types of apartments are the cheapest in Paterson?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 40 regular apartments in Paterson that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Paterson?
Cheap apartments in Paterson have an average cost of $631 which is $2,253 cheaper than the average rent for all rentals in Paterson.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.