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Cheap Apartments for Rent in the Downtown Paterson Neighborhood of Paterson, NJ from $1,000 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Paterson area of 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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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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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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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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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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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 1-45, 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 1 Bedroom Apartments | $1,692 | $1,398 | $1,928 |
| Downtown Paterson 2 Bedroom Apartments | $2,096 | $1,871 | $2,200 |
| Downtown Paterson 3 Bedroom Apartments | $2,328 | $2,050 | $3,000 |
| Downtown Paterson 4 Bedroom Apartments | $2,625 | $2,300 | $2,950 |
Browse Apartments in this Neighborhood
There are currently 45 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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- Local Counties
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Cheapest Available Downtown Paterson Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $1,398 |
| Mill Street Square | One Bedroom (Income Minium and Maximum Apply) | 1BR,1BA | $1,816 |
Best Value Apartments for Rent in Downtown Paterson, NJ
As of November 05, 2025 the best value apartment in the Downtown Paterson area is the $2.08 price per square foot 1 Bedroom Model at Freedom Village Senior 55+ in the in the Stoney Road neighborhood starting from $1,398. The second greatest value Downtown Paterson apartment is the One Bedroom (Income Minium and Maximum Apply) Model at Mill Street Square starting at $1,816 with a $3.02 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. |
|---|---|---|---|
| Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $2.08 |
| Mill Street Square | One Bedroom (Income Minium and Maximum Apply) | 1BR,1BA | $3.02 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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.
Read ArticleQuick 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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Pet Friendly LifestyleDowntown Paterson, Paterson, NJ
Ranked #6
Among cities in New Jersey 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)
4 out of 10
Alexander Hamilton Academy
Paterson Public School District
Public School - Grades K-8 (508)
3 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
What is the price of a cheap apartment in Downtown Paterson?
The cheapest apartment in Downtown Paterson is Freedom Village Senior 55+ which is listed at $1,398, while the average apartment in Downtown Paterson costs $3,000.
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 6 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
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.