
Cheap Apartments for Rent in Paterson, NJ from $700 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Paterson.


Freedom Village Senior 55+

96 16th Ave, Unit 505

283-285 Fulton Pl, Unit 304

324 Market St, Unit 402

Total Monthly Price
264 Union Ave, Unit Ground Floor

8-10 Godwin Ave, Unit 302
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

100 Rosa Parks Blvd

Building 534

486-490 Park Ave

Redwood Village

191 Market St

282 Broadway Ave

Hamilton Square Residential
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Hospital Plaza

330 E. 33rd St.

Colt Arms Apartments

Riverview Towers

44 Beech St

216 Straight St

324,339 and 431 Broadway
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

54 Center St

265 Elm St

430 Lexington Ave

Colonial Residence

Linden West Apartments

26 Foster Street

Riverview Gardens
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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 | $1,716 | $1,475 | $2,215 |
| Cheap Paterson 1 Bedroom Apartments | $2,231 | $1,300 | $3,345 |
| Cheap Paterson 2 Bedroom Apartments | $2,806 | $1,600 | $4,800 |
| Cheap Paterson 3 Bedroom Apartments | $2,796 | $1,750 | $5,320 |
| Cheap Paterson 4 Bedroom Apartments | $2,867 | $2,200 | $3,600 |
Browse Top Apartments in Paterson
See all Apartments in PatersonExplore Paterson
Paterson, NJ Local Guide

- Paterson Neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Paterson, NJ
Pricing Updated: 06/22/2026Current apartment rentals in the Paterson, NJ area range in price from $1,400 to $4,800 with an overall median price of $2,780. The three Paterson neighborhoods with the lowest median rent pricing are Stoney Road at $1,450, Eastside at $1,470, and Sandy Hill at $1,450. 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 |
|---|---|---|---|
| Stoney Road | $2,350 | $1,450 | 41 |
| Eastside | $2,470 | $1,470 | 41 |
| Sandy Hill | $2,470 | $1,450 | 46 |
| Downtown Paterson | $2,600 | $1,450 | 20 |
| Great Falls | $2,600 | $1,450 | 36 |
| Old Great Falls Historic District | $2,600 | $1,450 | 10 |
| Riverside | $2,600 | $1,470 | 22 |
| Wrigley Park | $2,660 | $1,450 | 55 |
| Hillcrest | $2,800 | $1,450 | 83 |
| Eastside Park | $2,850 | $1,400 | 45 |
Cheapest Available Paterson Apartments for Rent
 The cheapest available apartment rental in Paterson, NJ is a 1 Bed unit found at Ralson Apartments in the Maple Valley neighborhood priced from $1,578. Fairlawn Properties in the Southeast Ridgewood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,695. Here is today’s list of the most affordable Paterson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ralson Apartments | RESIDENCE TYPE A | 1BR,1BA | $1,578 |
| Fairlawn Properties | 3.5 Room 1 Bedroom | 1BR,1BA | $1,695 |
| Kent Village | A1 | 1BR,1BA | $1,750 |
| 118 East 24th St Apartments | 1 Bd/ 1 Ba | 1BR,1BA | $1,750 |
| 35 McKinley | 1 BD | 1BR,1BA | $1,799 |
Best Value Apartments for Rent in Paterson, NJ
As of June 22, 2026 the best value apartment in the Paterson area is the $1.15 price per square foot 379 Straight St Model at 379 Straight St, Unit Salam Rahman in the in the Stoney Road neighborhood starting from $2,300. The second greatest value Paterson apartment is the Two Bedroom Model at Sunset Ridge at Totowa starting at $2,850 with a $1.73 price per square foot in the Totowa 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. |
|---|---|---|---|
| 379 Straight St, Unit Salam Rahman | 379 Straight St | 4BR,1BA | $1.15 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 247 Elm St, Unit #2 | 247 Elm St | 2BR,1BA | $1.92 |
| 417 Straight St, Unit Large Bright 3BR Apartmen | 417 Straight St | 3BR,1BA | $1.77 |
| 264 Union Ave, Unit Ground Floor | 264 Union Ave | 1BR,1BA | $1.36 |
| 74 Plauderville Ave, Unit 3 | 74 Plauderville Ave | 1BR,1BA | $1.83 |
| 2 Ann Pl, Unit 2 Ann Pl Paterson NJ | 2 Ann Pl | 1BR,1BA | $1.71 |
| 242 Union Ave, Unit FIRST FLOOR FRONT | 242 Union Ave | 1BR,1BA | $1.60 |
| 385 11th Ave | 385 11th Ave | 2BR,1BA | $1.95 |
| 118 East 24th St Apartments | 1 Bd/ 1 Ba | 1BR,1BA | $1.94 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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.
Paterson, NJPopulation: 145,627
Ranked #181
in US Census Population by City
Pet Friendly Lifestyle
Ranked #
Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
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
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 $1,799.
What is the price of a cheap apartment in Paterson?
The cheapest apartment in Paterson is Ralson Apartments which is listed at $1,578, while the average apartment in Paterson costs $2,780.
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 15 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 $243 which is $2,537 cheaper than the average rent for all rentals in Paterson.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.