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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 the Downtown Paterson Neighborhood of Paterson, NJ from $800 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Paterson area of Paterson.
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from $1,3981 Bedroom Apartments Available Now
Freedom Village Senior 55+
69 Straight StPaterson, NJ 07501
103 Belmont Ave
PatersonNJ07522
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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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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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Showing Results 1-13, 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 | $1,687 | $1,275 | $2,450 |
| Downtown Paterson 1 Bedroom Apartments | $3,020 | $1,398 | $4,514 |
| Downtown Paterson 2 Bedroom Apartments | $3,909 | $1,600 | $5,828 |
| Downtown Paterson 3 Bedroom Apartments | $3,451 | $2,200 | $5,020 |
Browse Apartments in this Neighborhood
There are currently 13 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
- Nearby Paterson neighborhoods
- Nearby Cities
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Cheapest Available Downtown Paterson Apartments for Rent
The cheapest available apartment rental in the Downtown Paterson area of Paterson, NJ is a Studio unit found at 324,339 and 431 Broadway priced from $1,150. Freedom Village Senior 55+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,398. Here are the most affordable Downtown Paterson apartments for rent in Paterson, NJ:
| 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 |
| 42-52 Essex St | One Bedroom | 1BR,1BA | $1,650 |
| 261 Marshall St | 203/204 | 1BR,1BA | $1,800 |
| Mill Street Square - 3318 | One Bedroom 80% | 1BR,1BA | $1,816 |
Best Value Apartments for Rent in Downtown Paterson, NJ
As of June 11, 2025 the best value apartment in the Downtown Paterson area is the $3.16 price per square foot B10 Model at Hedges at Hawthorne in the in the Stoney Road neighborhood starting from $3,920. The second greatest value Downtown Paterson apartment is the 1 Bed 1 Bath + Den Model at The Landings at Riverwalk starting at $2,635 with a $2.87 price per square foot in the Maple Valley 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. |
|---|---|---|---|
| Hedges at Hawthorne | B10 | 2BR,2BA | $3.16 |
| The Landings at Riverwalk | 1 Bed 1 Bath + Den | 1BR,1BA | $2.87 |
| Fair Lawn Promenade | $3.33/sq.ft. - 1A.2 | 1BR,1BA | $3.36 |
| Hilltop Manor Apartments | Two Bedroom Dining Room | 2BR,1BA | $3.19 |
| The Bromley at 44 Main | A2 | 1BR,1BA | $3.51 |
| 42-52 Essex St | Two Bedroom | 2BR,1BA | $2.50 |
| 261 Marshall St | 203/204 | 1BR,1BA | $2.57 |
| Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $2.08 |
| Mill Street Square - 3318 | One Bedroom 80% | 1BR,1BA | $3.02 |
| 324,339 and 431 Broadway | 339 Broadway | Studio ,1BA | $2.67 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Paterson, Paterson, NJ
Ranked #5
Among neighborhoods in Paterson, NJ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Downtown Paterson, Paterson, NJ
Norman S. Weir Elementary School
Paterson Public School District
Public School - Grades K-8 (262)
6 out of 10
Alexander Hamilton Academy
Paterson Public School District
Public School - Grades K-8 (508)
2 out of 10
School data provided by Great Schools
Getting Around the Downtown Paterson Neighborhood in Paterson, NJ
Walk Score®
92 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
49 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
62 / 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 Downtown Paterson Apartments
How much is rent for a Cheap One Bedroom Downtown Paterson Apartment?
The lowest price for a Cheap One Bedroom Downtown Paterson Apartment is $1,398 at Freedom Village Senior 55+.
What is the lowest price for a Cheap Two Bedroom Downtown Paterson Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Paterson is starting from $1,850 at 42-52 Essex St.
What is the most affordable Downtown Paterson Three Bedroom Apartment?
The best deal on a cheap Downtown Paterson Three Bedroom Apartment rental is at 42-52 Essex St and starts from $2,200.
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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.