
Cheap Apartments for Rent in the Great Falls Neighborhood of Paterson, NJ from $900 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Great Falls area of Paterson.


191 Market St

282 Broadway Ave

Hamilton Square Residential
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.

Hospital Plaza

Colt Arms Apartments

Riverview Towers

44 Beech 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.
Great Falls, Paterson, NJ Local Guide

How much does it cost to rent an apartment in Great Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Great Falls Studio Apartments | $1,625 | $1,450 | $1,800 |
| Great Falls 1 Bedroom Apartments | $1,653 | $1,398 | $2,000 |
| Great Falls 2 Bedroom Apartments | $2,209 | $1,800 | $3,000 |
| Great Falls 3 Bedroom Apartments | $2,247 | $1,875 | $3,000 |
| Great Falls 4 Bedroom Apartments | $2,700 | $2,700 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 1 mile radius of the Great Falls Neighborhood of Paterson, NJ.
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Great Falls, Paterson, NJ Local Guide
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Cheapest Available Great Falls Apartments for Rent
 The cheapest available apartment rental in the Great Falls area of Paterson, NJ is a 1 Bed unit found at Freedom Village Senior 55+ priced from $1,398. 324,339 and 431 Broadway has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here are the most affordable Great Falls apartments for rent in Paterson, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $1,398 |
| 324,339 and 431 Broadway | 324 Broadway | Studio,1BA | $1,450 |
| Mill Street Square | One Bedroom (Income Minium and Maximum Apply) | 1BR,1BA | $1,799 |
Best Value Apartments for Rent in Great Falls, NJ
As of February 05, 2026 the best value apartment in the Great Falls area is the $1.63 price per square foot 195 Preakness Ave Model at 195 Preakness Ave, Unit 3 in the in the Stoney Road neighborhood starting from $2,000. The second greatest value Great Falls apartment is the 194 Mill St Model at 194 Mill St, Unit 1 starting at $1,500 with a $1.22 price per square foot in the Stoney Road neighborhood. Here is today’s list of the best values for Great Falls apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 195 Preakness Ave, Unit 3 | 195 Preakness Ave | 3BR,1BA | $1.63 |
| 194 Mill St, Unit 1 | 194 Mill St | 1BR,1BA | $1.22 |
| 109 E Main St, Unit 1 | 109 E Main St | 3BR,1BA | $1.90 |
| 242 Union Ave, Unit FIRST FLOOR FRONT | 242 Union Ave | 1BR,1BA | $1.60 |
| 101 Lily St, Unit 2nd Flr | 101 Lily St | 2BR,1BA | $2.50 |
| Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $2.08 |
| Mill Street Square | One Bedroom (Income Minium and Maximum Apply) | 1BR,1BA | $2.99 |
| 324,339 and 431 Broadway | 324 Broadway | Studio ,1BA | $3.37 |
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
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Read ArticleCash 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.
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.
Best Local Schools in Great Falls, Paterson, NJ
John F. Kennedy High School
School data provided by Great Schools
Frequently Asked Questions about Cheap Great Falls Apartments
What is the price of a cheap apartment in Great Falls?
The cheapest apartment in Great Falls is Freedom Village Senior 55+ which is listed at $1,398, while the average apartment in Great Falls costs $2,700.
What types of apartments are the cheapest in Great Falls?
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 5 regular apartments in Great Falls 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.