Cheap Apartments for Rent in Paterson, NJ from $700 (45 Rentals)

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Building 534
Studio to 1 Bedroom Apartments

Building 534

534 BroadwayPaterson, NJ 07514
  • Utilities Included

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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486-490 Park Ave
Studio to 3 Bedroom Apartments

486-490 Park Ave

486-490 Park AvePaterson, NJ 07504
  • Utilities Included
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Redwood Village
1 to 2 Bedroom Apartments

Redwood Village

311 Redwood AvePaterson, NJ 07522
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191 Market St
Studio to 2 Bedroom Apartments

191 Market St

191 Market StPaterson, NJ 07505
  • Utilities Included
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282 Broadway Ave
1 Bedroom Apartments

282 Broadway Ave

282 Broadway AvePaterson, NJ 07501
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Hospital Plaza
1 Bedroom Apartments

Hospital Plaza

200 Hospital PlzPaterson, NJ 07503
  • Utilities Included
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330 E. 33rd St.
Studio to 2 Bedroom Apartments

330 E. 33rd St.

328-336 E 33rd StPaterson, NJ 07504
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Colt Arms Apartments
Studio to 1 Bedroom Apartments

Colt Arms Apartments

18-56 Godwin StPaterson, NJ 07501
Senior Living
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Riverview Towers
1 to 2 Bedroom Apartments

Riverview Towers

125-145 Presidential BlvdPaterson, NJ 07522

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.

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44 Beech St
Studio to 3 Bedroom Apartments

44 Beech St

44 Beech StPaterson, NJ 07501
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Ralson Apartments
Studio to 2 Bedroom Apartments

Ralson Apartments

272 Lakeview AvePaterson, NJ 07503
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216 Straight St
1 to 4 Bedroom Apartments

216 Straight St

216 Straight StPaterson, NJ 07501
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Riverview Towers
1 to 2 Bedroom Apartments

Riverview Towers

85-105 Presidential BlvdPaterson, NJ 07522
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457 E 22nd St
2 Bedroom Apartments

457 E 22nd St

457 E 22nd StPaterson, NJ 07514
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159 12th Ave
Studio to 1 Bedroom Apartments

159 12th Ave

159 12th AvePaterson, NJ 07501
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180 Cedar St
Studio to 2 Bedroom Apartments

180 Cedar St

180 Cedar StPaterson, NJ 07501

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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77-91 Park Ave
1 to 2 Bedroom Apartments

77-91 Park Ave

77-91 Park AvePaterson, NJ 07524
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42-52 Essex St
1 to 3 Bedroom Apartments

42-52 Essex St

42-52 Essex StPaterson, NJ 07501
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Linden West Apartments
1 to 2 Bedroom Apartments

Linden West Apartments

33 West StElmwood Park, NJ 07407
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26 Foster Street
1 Bedroom Apartments

26 Foster Street

26 Foster StClifton, NJ 07011
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Riverview Gardens
1 to 3 Bedroom Apartments

Riverview Gardens

17 E Monroe StPassaic, NJ 07055
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The Clifton Manor
Studio to 5 Bedroom Apartments

The Clifton Manor

126 Center StClifton, NJ 07011

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Paterson, NJ Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Paterson, NJ

Pricing Updated: 01/23/2026

Current apartment rentals in the Paterson, NJ area range in price from $1,350 to $4,800 with an overall median price of $2,890. The three Paterson neighborhoods with the lowest median rent pricing are Great Falls at $1,398, Old Great Falls Historic District at $1,400, and South Paterson at $1,350. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Paterson Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Great Falls$2,700$1,39830
Old Great Falls Historic District$2,700$1,4008
South Paterson$2,700$1,35024
Downtown Paterson$2,750$1,39821
Peoples Park$2,800$1,45027
Riverside$2,800$1,39817
Lakeview$2,850$1,35036
Eastside$3,000$1,39833
Hillcrest$3,000$1,39866
Sandy Hill$3,000$1,39839

Cheapest Available Paterson Apartments for Rent

 

The cheapest available apartment rental in Paterson, NJ is a 1 Bed unit found at Freedom Village Senior 55+ in the Stoney Road neighborhood priced from $1,398. 324,339 and 431 Broadway in the Stoney Road neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here is today’s list of the most affordable Paterson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Freedom Village Senior 55+1 Bedroom1BR,1BA$1,398
324,339 and 431 Broadway324 BroadwayStudio,1BA$1,450
Martha Washington ApartmentsOne Bedroom Small1BR,1BA$1,595
Fairlawn Properties3 Room 1 Bedroom1BR,1BA$1,695
Kent Village1 Bedroom1BR,1BA$1,750
Mill Street SquareOne Bedroom (Income Minium and Maximum Apply)1BR,1BA$1,799
Hawthorne Garden1BD/1BA Upgraded Units1BR,1BA$1,850
Hollow Run at Fair Lawn3 Room 1 Bedroom1BR,1BA$1,850

Best Value Apartments for Rent in Paterson, NJ

As of January 23, 2026 the best value apartment in the Paterson area is the $1.83 price per square foot $3.20/sq.ft. - The Hunterdon Model at Fair Lawn Commons in the in the Southeast Ridgewood neighborhood starting from $3,395. The second greatest value Paterson apartment is the 251 Silleck St Model at 251 Silleck St, Unit 2 starting at $2,900 with a $1.61 price per square foot in the Garret Mountain neighborhood. Here is today’s list of the best values for Paterson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fair Lawn Commons$3.20/sq.ft. - The Hunterdon2BR,2BA$1.83
251 Silleck St, Unit 2251 Silleck St2BR,2BA$1.61
20 Amity St, Unit 1A20 Amity St1BR,1BA$1.07
96 Curie Ave, Unit First Floor96 Curie Ave2BR,1BA$1.44
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
372 Gilbert Ave, Unit #2372 Gilbert Ave3BR,1BA$2.00
13 Brinkerhoff Pl, Unit 213 Brinkerhoff Pl3BR,1BA$1.80
46 Outwater Ln, Unit 146 Outwater Ln2BR,1BA$2.00
59-63 Courtland St2 Bedroom2BR,1BA$2.15
Freedom Village Senior 55+1 Bedroom1BR,1BA$2.08

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick 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.

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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.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $1,850.

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 $2,890.

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 38 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 $606 which is $2,284 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

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.