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from $1,150Studio to 1 Bedroom Apartments Available Now
324,339 and 431 Broadway
324 BroadwayPaterson, NJ 07501
Cheap Apartments for Rent in Paterson, NJ from $700 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Paterson.
146 Main St
PatersonNJ07505
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from $1,3981 Bedroom Apartments Available Now
Freedom Village Senior 55+
69 Straight StPaterson, NJ 07501
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from $1,4502 Bedroom Apartment Available Now
217 College Blvd, Unit 2 Bedroom Apartment
217 College BlvdPaterson, NJ 07505
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from $1,5001 Bedroom Apartment Available Jul 1
474 E 18th St, Unit 3rd Floor
474 E 18th StPaterson, NJ 07514
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103 Belmont Ave
PatersonNJ07522
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66 Passaic Ave
Woodland ParkNJ07424
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from $1,5951 to 2 Bedroom Apartments Available Now
Martha Washington Apartments
1401 Van Houten AveClifton, NJ 07013
139 Fairview Ave
Prospect ParkNJ07508
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from $1,6951 to 2 Bedroom Apartments Available Jun 30
Fairlawn Properties
16-64 Chandler DrFair Lawn, NJ 07410
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from $1,6951 Bedroom Apartment Available Now
126 US Highway 46, Unit 2
126 US Highway 46Saddle Brook, NJ 07663
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Showing Results 1-44, 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 | $1,846 | $1,275 | $2,475 |
| Cheap Paterson 1 Bedroom Apartments | $2,490 | $1,350 | $4,514 |
| Cheap Paterson 2 Bedroom Apartments | $3,241 | $1,600 | $5,816 |
| Cheap Paterson 3 Bedroom Apartments | $2,956 | $2,200 | $6,280 |
| Cheap Paterson 4 Bedroom Apartments | $2,766 | $2,400 | $3,600 |
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: 06/26/2025Current apartment rentals in the Paterson, NJ area range in price from $1,275 to $6,280 with an overall median price of $2,984. The three Paterson neighborhoods with the lowest median rent pricing are Old Great Falls Historic District at $1,816, Stoney Road at $1,275, and Eastside at $1,275. 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 |
|---|---|---|---|
| Old Great Falls Historic District | $2,475 | $1,816 | 6 |
| Stoney Road | $2,500 | $1,275 | 34 |
| Eastside | $2,675 | $1,275 | 24 |
| Peoples Park | $2,675 | $1,275 | 27 |
| Sandy Hill | $2,675 | $1,275 | 31 |
| Eastside Park | $2,850 | $1,500 | 26 |
| Manor | $2,850 | $1,500 | 28 |
| Downtown Paterson | $3,100 | $1,398 | 16 |
| Great Falls | $3,100 | $1,275 | 30 |
| Hillcrest | $3,100 | $1,275 | 64 |
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 $1,150. 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 | 339 Broadway | Studio,1BA | $1,150 |
| Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $1,398 |
| 59-63 Courtland St | Studio | Studio,1BA | $1,550 |
| Martha Washington Apartments | One Bedroom Small | 1BR,1BA | $1,595 |
| 42-52 Essex St | One Bedroom | 1BR,1BA | $1,650 |
| Valley View Apartments | Type B | 1BR,1BA | $1,657 |
| Kent Village | 1 bedroom | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Paterson, NJ
As of June 26, 2025 the best value apartment in the Paterson area is the $0.23 price per square foot 318 21st Ave Model at 318 21st Ave, Unit 304 in the in the Stoney Road neighborhood starting from $2,300. The second greatest value Paterson apartment is the 217 21st Ave Model at 217 21st Ave, Unit 1 starting at $1,800 with a $0.18 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. |
|---|---|---|---|
| 318 21st Ave, Unit 304 | 318 21st Ave | 2BR,1BA | $0.23 |
| 217 21st Ave, Unit 1 | 217 21st Ave | 2BR,1BA | $0.18 |
| 22 John St, Unit 22 John street #2 | 22 John St | 2BR,1BA | $0.98 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 494 E 18th St, Unit 2nd Floor | 494 E 18th St | 2BR,1BA | $2.18 |
| The Godwin Lofts | 2 BR LR | 2BR,1BA | $2.09 |
| 680 Belmont Ave, Unit #2 | 680 Belmont Ave | 1BR,1BA | $1.90 |
| Valley View Apartments | Type B | 1BR,1BA | $2.12 |
| Kent Village | 1 bedroom | 1BR,1BA | $2.29 |
| Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $2.08 |
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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
Norman S. Weir Elementary School
Paterson Public School District
Public School - Grades K-8 (262)
6 out of 10
International High School
Paterson Public School District
Public School - Grades 9-12 (694)
3 out of 10
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
Paterson, NJ Apartments MapPaterson, NJ Rental Homes MapGetting 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 $2,984.
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 30 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 $423 which is $2,561 cheaper than the average rent for all rentals in Paterson.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.