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$1,250
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1 Bedroom Apartment Available NowTotal Monthly Price
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$1,250
Total Monthly Price
$1,250
163 Fair St, Unit B1, Unit B1
163 Fair StPaterson, NJ 07501
Cheap Apartments for Rent in Paterson, NJ from $700 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Paterson.
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$1,4501 Bedroom Apartments Available Now
67 Jersey St, Unit Apt 3
67 Jersey StPaterson, NJ 07501
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$1,450 - $1,950Studio to 2 Bedroom Apartments Available Now
324,339 and 431 Broadway
324 BroadwayPaterson, NJ 07501
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$1,4701 Bedroom Apartments Contact Us For Availability
Freedom Village Senior 55+
69 Straight StPaterson, NJ 07501
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Studio to 1 Bedroom Apartments
Building 534
534 BroadwayPaterson, NJ 07514
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Studio to 3 Bedroom Apartments
486-490 Park Ave
486-490 Park AvePaterson, NJ 07504
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.
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1 to 2 Bedroom Apartments
Redwood Village
311 Redwood AvePaterson, NJ 07522
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Studio to 2 Bedroom Apartments
191 Market St
191 Market StPaterson, NJ 07505
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1 Bedroom Apartments
282 Broadway Ave
282 Broadway AvePaterson, NJ 07501
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1 to 3 Bedroom Apartments
Hamilton Square Residential
20 Mill StPaterson, NJ 07501
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1 Bedroom Apartments
Hospital Plaza
200 Hospital PlzPaterson, NJ 07503
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Studio to 2 Bedroom Apartments
330 E. 33rd St.
328-336 E 33rd StPaterson, NJ 07504
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.
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Studio to 1 Bedroom Apartments
Colt Arms Apartments
18-56 Godwin StPaterson, NJ 07501
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1 to 2 Bedroom Apartments
Riverview Towers
125-145 Presidential BlvdPaterson, NJ 07522
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Studio to 3 Bedroom Apartments
44 Beech St
44 Beech StPaterson, NJ 07501
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1 to 4 Bedroom Apartments
216 Straight St
216 Straight StPaterson, NJ 07501
430 Lexington Ave
CliftonNJ07011
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1 to 2 Bedroom Apartments
Linden West Apartments
33 West StElmwood Park, NJ 07407
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.
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1 Bedroom Apartments
26 Foster Street
26 Foster StClifton, NJ 07011
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1 to 3 Bedroom Apartments
Riverview Gardens
17 E Monroe StPassaic, NJ 07055
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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 | $1,904 | $1,450 | $2,599 |
| Cheap Paterson 1 Bedroom Apartments | $2,243 | $1,250 | $3,250 |
| Cheap Paterson 2 Bedroom Apartments | $2,761 | $1,695 | $4,870 |
| Cheap Paterson 3 Bedroom Apartments | $2,704 | $1,775 | $5,120 |
| Cheap Paterson 4 Bedroom Apartments | $3,276 | $2,400 | $4,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Paterson
See all Apartments in PatersonExplore Paterson
Paterson, NJ Local Guide
Written By:
Justin HabersaatEditing Staff
- Paterson Neighborhoods
- Nearby Cities
- ZIP codes
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Cheapest Neighborhoods for Apartments in Paterson, NJ
Pricing Updated: 05/08/2026Current apartment rentals in the Paterson, NJ area range in price from $1,250 to $4,800 with an overall median price of $3,003. The three Paterson neighborhoods with the lowest median rent pricing are Downtown Paterson at $1,250, Old Great Falls Historic District at $1,600, and Great Falls at $1,250. 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 | $2,400 | $1,250 | 25 |
| Old Great Falls Historic District | $2,425 | $1,600 | 14 |
| Great Falls | $2,450 | $1,250 | 46 |
| Stoney Road | $2,850 | $1,250 | 52 |
| Peoples Park | $2,950 | $1,450 | 37 |
| Sandy Hill | $2,950 | $1,250 | 40 |
| Wrigley Park | $3,000 | $1,250 | 59 |
| South Paterson | $3,075 | $1,637 | 27 |
| Riverside | $3,100 | $1,470 | 17 |
| Hillcrest | $3,150 | $1,250 | 98 |
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 $1,450. Tudor Court in the Eastside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,595. 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 | $1,450 |
| Tudor Court | A1 | 1BR,1BA | $1,595 |
| Martha Washington Apartments | One Bedroom Small | 1BR,1BA | $1,595 |
| Valley View Apartments | Type A | 1BR,1BA | $1,606 |
| Ralson Apartments | RESIDENCE TYPE A | 1BR,1BA | $1,637 |
Best Value Apartments for Rent in Paterson, NJ
As of May 08, 2026 the best value apartment in the Paterson area is the $0.17 price per square foot 217 21st Ave Model at 217 21st Ave, Unit 1 in the in the Stoney Road neighborhood starting from $1,700. The second greatest value Paterson apartment is the 28 Rossiter Ave Model at 28 Rossiter Ave, Unit Rossiter Home 2nd floor starting at $2,250 with a $0.72 price per square foot in the Stoney Road 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. |
|---|---|---|---|
| 217 21st Ave, Unit 1 | 217 21st Ave | 2BR,1BA | $0.17 |
| 28 Rossiter Ave, Unit Rossiter Home 2nd floor | 28 Rossiter Ave | 2BR,1BA | $0.72 |
| 96 Montgomery St, Unit Unit 2 | 96 Montgomery St | 3BR,2BA | $1.16 |
| 960 Madison Ave, Unit 1 | 960 Madison Ave | 3BR,1BA | $1.08 |
| 173 Slater St, Unit 2nd 3rd fl duplex apt | 173 Slater St | 3BR,1BA | $1.12 |
| 33 Glover Ave, Unit 2 | 33 Glover Ave | 3BR,1BA | $1.41 |
| 230 Union Ave, Unit 2nd Floor | 230 Union Ave | 3BR,1BA | $1.59 |
| 51 Columbia Ave, Unit Apartment 2 | 51 Columbia Ave | 2BR,1BA | $1.69 |
| 242 Union Ave, Unit FIRST FLOOR FRONT | 242 Union Ave | 1BR,1BA | $1.60 |
| 163 Fair St, Unit B1 | 163 Fair St | 1BR,1BA | $1.39 |
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.
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Real 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.
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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.
Paterson, NJPopulation: 145,627
Ranked #181
in US Census Population by City
Best Local Schools in Paterson, NJ
School data provided by Great Schools
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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 $1,695.
What is the price of a cheap apartment in Paterson?
The cheapest apartment in Paterson is 324,339 and 431 Broadway which is listed at $1,550, while the average apartment in Paterson costs $3,003.
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 26 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 $223 which is $2,780 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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.