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$1,350 - $1,950Studio to 2 Bedroom Apartments Available Now
324,339 and 431 Broadway
324 BroadwayPaterson, NJ 07501
Cheap Apartments for Rent in Paterson, NJ from $700 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Paterson.
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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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$1,500 - $3,200Studio to 3 Bedroom Apartments Available Now
Lakeview Apartments
305 Pennsylvania AvePaterson, NJ 07503
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188 Clinton St
PatersonNJ07522
743 E 18th St
PatersonNJ07501
692 E 26th St
PatersonNJ07504
100 Rosa Parks Blvd
PatersonNJ07501
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.
467 21st Ave
PatersonNJ07513
87 Butler St
PatersonNJ07524
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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
Redwood Apartments Newly Constructed!
208 Redwood AvePaterson, NJ 07522
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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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208 Dayton Ave
PassaicNJ07055
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$1,4501 Bedroom Apartment Available Now
232 Haledon Ave, Unit 3
232 Haledon AveProspect Park, NJ 07508
430 Lexington Ave
CliftonNJ07011
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$1,595 - $1,6951 Bedroom Apartments Available Now
Martha Washington Apartments
1401 Van Houten AveClifton, NJ 07013
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.
40 Quincy St
PassaicNJ07055
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Rent Specials
$1,649Studio Apartments Available Now
Lafayette Park Apartments
285 Lafayette AveHawthorne, NJ 07506
153 Banta Ave
GarfieldNJ07026
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$1,695 - $2,4951 to 2 Bedroom Apartments Available Now
Fairlawn Properties
16-64 Chandler DrFair Lawn, NJ 07410
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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.
Showing Results 1-50, 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 | $1,869 | $1,000 | $2,999 |
| Cheap Paterson 1 Bedroom Apartments | $2,176 | $1,398 | $3,986 |
| Cheap Paterson 2 Bedroom Apartments | $2,755 | $1,600 | $5,270 |
| Cheap Paterson 3 Bedroom Apartments | $2,862 | $1,795 | $5,220 |
| Cheap Paterson 4 Bedroom Apartments | $2,670 | $2,225 | $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
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Paterson, NJ
Pricing Updated: 12/09/2025Current apartment rentals in the Paterson, NJ area range in price from $1,398 to $4,800 with an overall median price of $2,836. 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 Peoples Park 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 |
|---|---|---|---|
| Great Falls | $2,295 | $1,398 | 33 |
| Old Great Falls Historic District | $2,372 | $1,400 | 11 |
| Peoples Park | $2,625 | $1,400 | 69 |
| Downtown Paterson | $2,750 | $1,398 | 16 |
| Riverside | $2,750 | $1,398 | 15 |
| South Paterson | $2,900 | $1,400 | 60 |
| Eastside | $2,950 | $1,398 | 28 |
| Hillcrest | $2,950 | $1,398 | 84 |
| Sandy Hill | $2,950 | $1,398 | 41 |
| Stoney Road | $2,950 | $1,398 | 35 |
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 |
| Lafayette Park Apartments | Studio | Studio,1BA | $1,649 |
| Fairlawn Properties | 3 Room 1 Bedroom | 1BR,1BA | $1,695 |
| Kent Village | 1 Bedroom | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Paterson, NJ
As of December 09, 2025 the best value apartment in the Paterson area is the $1.29 price per square foot 129 Banta Ave Model at 129 Banta Ave, Unit 2 in the in the Lakeview neighborhood starting from $2,750. The second greatest value Paterson apartment is the 283 Linwood Ave Model at 283 Linwood Ave starting at $2,000 with a $1.00 price per square foot in the Great Falls 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. |
|---|---|---|---|
| 129 Banta Ave, Unit 2 | 129 Banta Ave | 2BR,2BA | $1.29 |
| 283 Linwood Ave | 283 Linwood Ave | 2BR,1BA | $1.00 |
| Fair Lawn Commons | $3.04/sq.ft. - The Essex | 2BR,2BA | $1.77 |
| 251 Silleck St, Unit 2 | 251 Silleck St | 2BR,2BA | $1.61 |
| 20 Amity St, Unit 1A | 20 Amity St | 1BR,1BA | $1.07 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 17 E 15th St, Unit 2 | 17 E 15th St | 3BR,1.5BA | $1.68 |
| 232 Haledon Ave, Unit 3 | 232 Haledon Ave | 1BR,1BA | $1.45 |
| 13 Brinkerhoff Pl, Unit 2 | 13 Brinkerhoff Pl | 3BR,1BA | $1.80 |
| 117 Parker Ave, Unit A | 117 Parker Ave | 2BR,1BA | $1.74 |
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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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.
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 $1,750.
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 $2,836.
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 $401 which is $2,435 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
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.
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.