Cheap Homes for Rent in Downtown Paterson Neighborhood of Paterson, NJ from $1,400 (5 Rentals)

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Cheap Homes in the Downtown Paterson area of Paterson.

property at 67 Jersey St

67 Jersey St

PatersonNJ07501

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

property at 36 N 8th St

36 N 8th St

PatersonNJ07522

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Downtown Paterson, Paterson, NJ Local Guide

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 ListingModel NameBed/BathPriced From
324,339 and 431 Broadway339 BroadwayStudio,1BA$1,150
Freedom Village Senior 55+1 Bedroom1BR,1BA$1,398
42-52 Essex StOne Bedroom1BR,1BA$1,650

Best Value Apartments for Rent in Downtown Paterson, NJ

As of May 03, 2025 the best value apartment in the Downtown Paterson area is the $1.50 price per square foot 193 Temple St Model at 193 Temple St in the in the Stoney Road neighborhood starting from $2,550. The second greatest value Downtown Paterson apartment is the 75 Jersey St Model at 75 Jersey St, Unit 75 B starting at $2,500 with a $1.79 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 ListingModel NameBed/BathPrice Per Sq.Ft.
193 Temple St193 Temple St3BR,1BA$1.50
75 Jersey St, Unit 75 B75 Jersey St2BR,1BA$1.79
The Landings at Riverwalk1 Bed 1 Bath + Den1BR,1BA$2.92
Fair Lawn Promenade$3.44/sq.ft. - 1A.21BR,1BA$3.49
Hedges at HawthorneA31BR,1BA$3.58
The Bromley at 44 MainA21BR,1BA$3.48
42-52 Essex StTwo Bedroom2BR,1BA$2.50
Freedom Village Senior 55+1 Bedroom1BR,1BA$2.08
Mill Street Square - 3318One Bedroom 80%1BR,1BA$3.02
324,339 and 431 Broadway339 BroadwayStudio ,1BA$2.67

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Frequently Asked Questions about Downtown Paterson

What type of rentals are currently available in Downtown Paterson?

There are currently 130 Apartments for Rent in Downtown Paterson, NJ with pricing that ranges from $1,275 to $5,712. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Paterson ranging from $1,450 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 $1,450 to $3,000 with an average monthly rent of $2,404.

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.

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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.