Cheap Apartments for Rent in Paterson, NJ from $700 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in Paterson.

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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Building 534
Studio to 1 Bedroom Apartments

Building 534

534 BroadwayPaterson, NJ 07514
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486-490 Park Ave
Studio to 3 Bedroom Apartments

486-490 Park Ave

486-490 Park AvePaterson, NJ 07504
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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
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282 Broadway Ave
1 Bedroom Apartments

282 Broadway Ave

282 Broadway AvePaterson, NJ 07501

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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Hospital Plaza
1 Bedroom Apartments

Hospital Plaza

200 Hospital PlzPaterson, NJ 07503
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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
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44 Beech St
Studio to 3 Bedroom Apartments

44 Beech St

44 Beech StPaterson, NJ 07501
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216 Straight St
1 to 4 Bedroom Apartments

216 Straight St

216 Straight StPaterson, NJ 07501
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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.

property at 265 Elm St

$1,300 - $1,400

1 Bedroom Rentals

Available Now

265 Elm St

Elmwood ParkNJ07407
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Colonial Residence
Studio to 1 Bedroom Apartments

Colonial Residence

470 Piaget AveClifton, NJ 07011
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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

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.

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: 06/22/2026

Current apartment rentals in the Paterson, NJ area range in price from $1,400 to $4,800 with an overall median price of $2,780. The three Paterson neighborhoods with the lowest median rent pricing are Stoney Road at $1,450, Eastside at $1,470, and Sandy Hill at $1,450. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Paterson Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Stoney Road$2,350$1,45041
Eastside$2,470$1,47041
Sandy Hill$2,470$1,45046
Downtown Paterson$2,600$1,45020
Great Falls$2,600$1,45036
Old Great Falls Historic District$2,600$1,45010
Riverside$2,600$1,47022
Wrigley Park$2,660$1,45055
Hillcrest$2,800$1,45083
Eastside Park$2,850$1,40045

Cheapest Available Paterson Apartments for Rent

 

The cheapest available apartment rental in Paterson, NJ is a 1 Bed unit found at Ralson Apartments in the Maple Valley neighborhood priced from $1,578. Fairlawn Properties in the Southeast Ridgewood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,695. Here is today’s list of the most affordable Paterson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ralson ApartmentsRESIDENCE TYPE A1BR,1BA$1,578
Fairlawn Properties3.5 Room 1 Bedroom1BR,1BA$1,695
Kent VillageA11BR,1BA$1,750
118 East 24th St Apartments1 Bd/ 1 Ba1BR,1BA$1,750
35 McKinley1 BD1BR,1BA$1,799

Best Value Apartments for Rent in Paterson, NJ

As of June 22, 2026 the best value apartment in the Paterson area is the $1.15 price per square foot 379 Straight St Model at 379 Straight St, Unit Salam Rahman in the in the Stoney Road neighborhood starting from $2,300. The second greatest value Paterson apartment is the Two Bedroom Model at Sunset Ridge at Totowa starting at $2,850 with a $1.73 price per square foot in the Totowa 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.
379 Straight St, Unit Salam Rahman379 Straight St4BR,1BA$1.15
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
247 Elm St, Unit #2247 Elm St2BR,1BA$1.92
417 Straight St, Unit Large Bright 3BR Apartmen417 Straight St3BR,1BA$1.77
264 Union Ave, Unit Ground Floor264 Union Ave1BR,1BA$1.36
74 Plauderville Ave, Unit 374 Plauderville Ave1BR,1BA$1.83
2 Ann Pl, Unit 2 Ann Pl Paterson NJ2 Ann Pl1BR,1BA$1.71
242 Union Ave, Unit FIRST FLOOR FRONT242 Union Ave1BR,1BA$1.60
385 11th Ave385 11th Ave2BR,1BA$1.95
118 East 24th St Apartments1 Bd/ 1 Ba1BR,1BA$1.94

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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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.

Paterson, NJ
Population: 145,627

Ranked #181

in US Census Population by City

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Pet Friendly Lifestyle

Ranked #

Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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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 $1,799.

What is the price of a cheap apartment in Paterson?

The cheapest apartment in Paterson is Ralson Apartments which is listed at $1,578, while the average apartment in Paterson costs $2,780.

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 15 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 $243 which is $2,537 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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.