
Cheap Homes for Rent in Downtown Paterson Neighborhood of Paterson, NJ from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Paterson area of Paterson.


76-78-78 Market St, Unit 5
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.

256 N 4th St

256 N 4th St

19 White St
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.

36 N 8th St
Downtown Paterson, Paterson, NJ Local Guide

How much does it cost to rent a home in Downtown Paterson?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Paterson 2 Bedroom Homes for Rent | $2,025 | $1,800 | $2,500 |
Downtown Paterson 3 Bedroom Homes for Rent | $2,475 | $2,000 | $2,950 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Downtown Paterson Neighborhood of Paterson, NJ.
Explore 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 |
---|---|---|---|
Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $1,398 |
Mill Street Square - 3318 | One Bedroom 80% | 1BR,1BA | $1,816 |
Best Value Apartments for Rent in Downtown Paterson, NJ
As of September 12, 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 80% Model at Mill Street Square - 3318 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 - 3318 | One Bedroom 80% | 1BR,1BA | $3.02 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Paterson, Paterson, NJ
Ranked #5
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
Alexander Hamilton Academy
School data provided by Great Schools
Frequently Asked Questions about Downtown Paterson
What type of rentals are currently available in Downtown Paterson?
There are currently 122 Apartments for Rent in Downtown Paterson, NJ with pricing that ranges from $1,398 to $3,000. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Paterson ranging from $1,500 to $3,000.
What is the current price range for Rental Homes in Downtown Paterson?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Paterson ranges from $1,500 to $3,000 with an average monthly rent of $2,250.
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 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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.