
Cheap Apartments for Rent in the Great Falls Neighborhood of Paterson, NJ from $900 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Great Falls area of Paterson.


67 Jersey St, Unit Apt 3

324,339 and 431 Broadway

Freedom Village Senior 55+

8-10 Godwin Ave, Unit 302

40 Broadway

Total Monthly Price
242 Union Ave, Unit FIRST FLOOR FRONT, Unit FIRST FLOOR FRONT
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

173 Sherman Ave, Unit 22

Total Monthly Price
217 21st Ave, Unit 1, Unit 1

59 Cedar St

Redwood Village

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

38 Mill St

Colt Arms Apartments

Riverview Towers

44 Beech St

216 Straight St

562 Summer St
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.

76-78-78 Market St, Unit 1, Unit 1

Redwood Apartments Newly Constructed!

77-91 Park Ave

Hinchliffe Residences Senior 55

Valley View Apartments

42-52 Essex St

102 N 3rd St, Unit 2A, Unit 2A
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 | $1,566 | $1,450 | $1,700 |
| Great Falls 1 Bedroom Apartments | $1,703 | $1,250 | $2,100 |
| Great Falls 2 Bedroom Apartments | $2,116 | $1,700 | $2,600 |
| Great Falls 3 Bedroom Apartments | $2,396 | $1,775 | $3,000 |
Browse Apartments in this Neighborhood
There are currently 28 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 Studio unit found at 324,339 and 431 Broadway priced from $1,450. Valley View Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,606. Here are the most affordable Great Falls apartments for rent in Paterson, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 324,339 and 431 Broadway | 324 Broadway | Studio,1BA | $1,450 |
| Valley View Apartments | Type A | 1BR,1BA | $1,606 |
| 11 Courtland St | 2 Beds, 1 bath | 2BR,1BA | $1,950 |
Best Value Apartments for Rent in Great Falls, NJ
As of May 08, 2026 the best value apartment in the Great Falls area is the $0.17 price per square foot 217 21st Ave Model at 217 21st Ave, Unit 1 in the in the Stoney Road neighborhood starting from $1,700. The second greatest value Great Falls apartment is the 28 Rossiter Ave Model at 28 Rossiter Ave, Unit Rossiter Home 2nd floor starting at $2,250 with a $0.72 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. |
|---|---|---|---|
| 217 21st Ave, Unit 1 | 217 21st Ave | 2BR,1BA | $0.17 |
| 28 Rossiter Ave, Unit Rossiter Home 2nd floor | 28 Rossiter Ave | 2BR,1BA | $0.72 |
| 96 Montgomery St, Unit Unit 2 | 96 Montgomery St | 3BR,2BA | $1.16 |
| 173 Slater St, Unit 2nd 3rd fl duplex apt | 173 Slater St | 3BR,1BA | $1.12 |
| 33 Glover Ave, Unit 2 | 33 Glover Ave | 3BR,1BA | $1.41 |
| 230 Union Ave, Unit 2nd Floor | 230 Union Ave | 3BR,1BA | $1.59 |
| 24 Don Bosco Ave, Unit Unit #2 | 24 Don Bosco Ave | 2BR,1BA | $1.89 |
| 207 Kearney St, Unit 1 | 207 Kearney St | 3BR,1BA | $1.91 |
| 242 Union Ave, Unit FIRST FLOOR FRONT | 242 Union Ave | 1BR,1BA | $1.60 |
| 163 Fair St, Unit B1 | 163 Fair St | 1BR,1BA | $1.39 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 a cheap apartment in Great Falls?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Great Falls is under $1,950.
What is the price of a cheap apartment in Great Falls?
The cheapest apartment in Great Falls is 324,339 and 431 Broadway which is listed at $1,550, while the average apartment in Great Falls costs $2,425.
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 1 regular apartments in Great Falls that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Great Falls?
Cheap apartments in Great Falls have an average cost of $156 which is $2,269 cheaper than the average rent for all rentals in Great Falls.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.