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$1,398 - $1,4051 Bedroom Apartments Available Now
Freedom Village Senior 55+
69 Straight StPaterson, NJ 07501
Cheap Apartments for Rent in Paterson, NJ from $700 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Paterson.
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$1,4001 Bedroom Apartments Available Now
78 Market St
78 Market StPaterson, NJ 07505
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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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$1,5001 Bedroom Apartment Available Now
194 Mill St, Unit 1
194 Mill StPaterson, NJ 07501
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$1,5001 Bedroom Apartments Available Now
661 E 23rd St
661 E 23rd StPaterson, NJ 07514
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Studio to 1 Bedroom Apartments
Building 534
534 BroadwayPaterson, NJ 07514
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 3 Bedroom Apartments
486-490 Park Ave
486-490 Park AvePaterson, NJ 07504
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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
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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Studio to 2 Bedroom Apartments
330 E. 33rd St.
328-336 E 33rd StPaterson, NJ 07504
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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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Studio to 2 Bedroom Apartments
Ralson Apartments
272 Lakeview AvePaterson, NJ 07503
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1 to 4 Bedroom Apartments
216 Straight St
216 Straight 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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1 to 3 Bedroom Apartments
Tudor Court Condominiums
615-921 BroadwayPaterson, NJ 07514
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1 to 2 Bedroom Apartments
Riverview Towers
85-105 Presidential BlvdPaterson, NJ 07522
420 Lakeview Ave
CliftonNJ07011
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$1,5001 Bedroom Apartments Available Now
145 Lake Ave
145 Lake AveClifton, NJ 07011
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$1,5001 Bedroom Apartments Available Now
202 Ackerman Ave
202 Ackerman AveClifton, NJ 07011
430 Lexington Ave
CliftonNJ07011
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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1 to 2 Bedroom Apartments
Linden West Apartments
33 West StElmwood Park, NJ 07407
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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
Showing Results 1-27, 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 | $2,051 | $1,350 | $2,999 |
| Cheap Paterson 1 Bedroom Apartments | $2,261 | $1,398 | $3,900 |
| Cheap Paterson 2 Bedroom Apartments | $2,837 | $1,750 | $4,870 |
| Cheap Paterson 3 Bedroom Apartments | $2,701 | $1,875 | $5,120 |
| Cheap Paterson 4 Bedroom Apartments | $2,581 | $2,225 | $2,900 |
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
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Paterson, NJ
Pricing Updated: 02/06/2026Current apartment rentals in the Paterson, NJ area range in price from $1,350 to $4,800 with an overall median price of $2,691. The three Paterson neighborhoods with the lowest median rent pricing are Totowa at $1,400, Downtown Paterson at $1,398, and Old Great Falls Historic District at $1,400. 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 |
|---|---|---|---|
| Totowa | $2,200 | $1,400 | 24 |
| Downtown Paterson | $2,500 | $1,398 | 22 |
| Old Great Falls Historic District | $2,585 | $1,400 | 10 |
| Hillcrest | $2,600 | $1,398 | 75 |
| Riverside | $2,650 | $1,398 | 22 |
| Great Falls | $2,700 | $1,398 | 33 |
| South Paterson | $2,700 | $1,350 | 28 |
| Stoney Road | $2,700 | $1,398 | 37 |
| Wrigley Park | $2,700 | $1,398 | 52 |
| Lakeview | $2,735 | $1,350 | 39 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $1,398 |
| 324,339 and 431 Broadway | 324 Broadway | Studio,1BA | $1,450 |
| Martha Washington Apartments | One Bedroom Small | 1BR,1BA | $1,595 |
| Fairlawn Properties | 3 Room 1 Bedroom | 1BR,1BA | $1,695 |
| Kent Village | 1 Bedroom | 1BR,1BA | $1,750 |
| Mill Street Square | One Bedroom (Income Minium and Maximum Apply) | 1BR,1BA | $1,799 |
| 305 Lakeview Apartments | 1BR/1.0BA | 1BR,1BA | $1,800 |
Best Value Apartments for Rent in Paterson, NJ
As of February 06, 2026 the best value apartment in the Paterson area is the $1.67 price per square foot $2.87/sq.ft. - The Essex Model at Fair Lawn Commons in the in the Southeast Ridgewood neighborhood starting from $3,195. The second greatest value Paterson apartment is the 189 Summer St Model at 189 Summer St, Unit 2 starting at $2,700 with a $1.50 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. |
|---|---|---|---|
| Fair Lawn Commons | $2.87/sq.ft. - The Essex | 2BR,2BA | $1.67 |
| 189 Summer St, Unit 2 | 189 Summer St | 3BR,1BA | $1.50 |
| 20 Amity St, Unit 1A | 20 Amity St | 1BR,1BA | $1.07 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 372 Gilbert Ave, Unit #2 | 372 Gilbert Ave | 3BR,1BA | $2.00 |
| 194 Mill St, Unit 1 | 194 Mill St | 1BR,1BA | $1.22 |
| 195 Preakness Ave, Unit 3 | 195 Preakness Ave | 3BR,1BA | $1.63 |
| 109 E Main St, Unit 1 | 109 E Main St | 3BR,1BA | $1.90 |
| 680 Belmont Ave, Unit #2 | 680 Belmont Ave | 1BR,1BA | $2.00 |
| 242 Union Ave, Unit FIRST FLOOR FRONT | 242 Union Ave | 1BR,1BA | $1.60 |
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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.
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 $1,800.
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 $2,691.
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 46 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 $407 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
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.
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.
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.
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.