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$1,4001 Bedroom Apartments Available Now
83 Market St, Unit 9
83 Market StPaterson, NJ 07505
Cheap Apartments for Rent in the Downtown Paterson Neighborhood of Paterson, NJ from $1,050 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Paterson area of Paterson.
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$1,4961 Bedroom Apartments Contact Us For Availability
Freedom Village Senior 55+
69 Straight StPaterson, NJ 07501
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$1,550
Total Monthly Price
Studio Apartment Available NowTotal Monthly Price
Base Rent
$1,550
Total Monthly Price
$1,550
18 Church St, Unit 3
18 Church StPaterson, NJ 07505
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$1,6001 Bedroom Apartments Available Now
5-7 Straight St, Unit 1
5-7 Straight StPaterson, NJ 07501
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$1,6001 Bedroom Apartments Available Now
29 Park Ave, Unit 3
29 Park AvePaterson, NJ 07501
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$1,626 - $2,1701 to 3 Bedroom Apartments Available Now
Mill Street Square
9 Mill StPaterson, NJ 07505
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,6501 Bedroom Apartments Available Sep 1
49 Haledon Ave, Unit 3
49 Haledon AvePaterson, NJ 07522
38 Mill St
PatersonNJ07501
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$1,7502 Bedroom Apartments Available Now
194 W Broadway, Unit 1F
194 W BroadwayPaterson, NJ 07522
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$1,8002 Bedroom Apartments Available Now
190 N 1st St, Unit 3
190 N 1st StPaterson, NJ 07522
150 N 7th St
PatersonNJ07522
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$1,9001 Bedroom Apartments Available Now
86 N 7th St, Unit 1
86 N 7th StPaterson, NJ 07522
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Studio to 2 Bedroom Apartments
191 Market St
191 Market StPaterson, NJ 07505
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1 to 3 Bedroom Apartments
Hamilton Square Residential
20 Mill StPaterson, NJ 07501
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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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1 to 4 Bedroom Apartments
216 Straight St
216 Straight StPaterson, NJ 07501
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
76-78-78 Market St, Unit 5
76-78-78 Market St
PatersonNJ07505
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1 to 3 Bedroom Apartments
42-52 Essex St
42-52 Essex StPaterson, NJ 07501
172 N Main St, Unit 3
172 N Main St
PatersonNJ07522
38 Mill St
PatersonNJ07501
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1 to 2 Bedroom Apartments
Riverview Towers
85-105 Presidential BlvdPaterson, NJ 07522
57 Hopper St
Prospect ParkNJ07508
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.
55 Hopper St
Prospect ParkNJ07508
Showing Results 1-25, Page 1 of 1
Downtown Paterson, Paterson, NJ Local Guide
How much does it cost to rent an apartment in Downtown Paterson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Paterson Studio Apartments | $1,550 | $1,550 | $1,550 |
| Downtown Paterson 1 Bedroom Apartments | $1,637 | $1,400 | $1,900 |
| Downtown Paterson 2 Bedroom Apartments | $1,947 | $1,750 | $2,200 |
| Downtown Paterson 3 Bedroom Apartments | $2,344 | $1,850 | $3,000 |
| Downtown Paterson 4 Bedroom Apartments | $2,750 | $2,650 | $2,850 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Downtown Paterson Neighborhood of Paterson, NJ.
See all Apartments in PatersonExplore Paterson
Downtown Paterson, Paterson, NJ Local Guide
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Cheapest Available Downtown Paterson Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mill Street Square | One Bedroom/1 bath (Grandparents Raising Grandchil | 1BR,1BA | $1,626 |
Best Value Apartments for Rent in Downtown Paterson, NJ
As of August 24, 2026 the best value apartment in the Downtown Paterson area is the $1.77 price per square foot 417 Straight St Model at 417 Straight St, Unit Large Bright 3BR Apartmen in the in the Stoney Road neighborhood starting from $2,125. The second greatest value Downtown Paterson apartment is the One Bedroom/1 bath (Grandparents Raising Grandchil Model at Mill Street Square starting at $1,626 with a $2.70 price per square foot in the Stoney Road neighborhood. Here is today’s list of the best values for Downtown Paterson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 417 Straight St, Unit Large Bright 3BR Apartmen | 417 Straight St | 3BR,1BA | $1.77 |
| Mill Street Square | One Bedroom/1 bath (Grandparents Raising Grandchil | 1BR,1BA | $2.70 |
| 18 Church St, Unit 3 | 18 Church St | Studio ,1BA | $2.58 |
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
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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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Pet Friendly LifestyleDowntown Paterson, Paterson, NJ
Ranked #13
Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Paterson, Paterson, NJ
Norman S. Weir Elementary School
Paterson Public School District
Public School - Grades K-8 (272)
4 out of 10
Alexander Hamilton Academy
Paterson Public School District
Public School - Grades K-8 (439)
3 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Paterson Apartments
What is the price of a cheap apartment in Downtown Paterson?
The cheapest apartment in Downtown Paterson is Mill Street Square which is listed at $1,626, while the average apartment in Downtown Paterson costs $2,000.
What types of apartments are the cheapest in Downtown 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 2 regular apartments in Downtown Paterson that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.