
Cheap Homes for Rent in Paterson, NJ from $1,100 (69 Rentals)
Search the lowest-cost Homes available for rent right now in Paterson.


83 Market St, Unit 9

77 Rosa Parks Blvd, Unit Basement

76-78-78 Market St, Unit 5

97 Cedar St, Unit 10

5-7 Straight St, Unit 1

29 Park Ave, Unit 3

185 Governor St, Unit Studio

97 Butler St, Unit 1

81 Savoy Pl
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

49 Haledon Ave, Unit 3

81 Auburn St, Unit 1B

97 Cedar St, Unit 2B

47 Spring St

92 Aberdeen Ct, Unit Apt 2

58 Westervelt Ave

762 Main St

601 Main St, Unit 2RL

409 Market St

34 Auburn St, Unit 1 bedroom
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

118 Lake Ave

194 W Broadway, Unit 1F

309 Park Ave, Unit 4C

12-14-14 Rosa Parks Blvd, Unit 4

190 Hamilton Ave, Unit 8

354 Hamilton Ave, Unit 1 bedroom

256 E 7th St

74 Plauderville Ave

139 Ray St, Unit 1

71 Highland St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

346 Union Ave

190 N 1st St, Unit 3

542 River St, Unit 2

38 Mill St

172 N Main St, Unit 3

220 Palisade Ave, Unit 2A

18 7th St

5 Sewall Ave, Unit B3

143 20th Ave, Unit 1

143 20th Ave
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.

474 Ellison St, Unit 2

86 N 7th St, Unit 1

552 River St, Unit #3

243 Hamilton Ave, Unit 1

242 Spring St, Unit 302

44 E 6th St, Unit Apartment 3

327 Hamilton Ave, Unit 302

152 Ackerman Ave

207 N 4th St

103 Shaw St
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.
Paterson, NJ Local Guide

How much does it cost to rent a home in Paterson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Paterson 2 Bedroom Homes for Rent | $2,262 | $1,100 | $3,800 |
| Paterson 3 Bedroom Homes for Rent | $2,641 | $1,950 | $4,150 |
| Paterson 4 Bedroom Homes for Rent | $3,591 | $2,500 | $6,500 |
| Paterson 5 Bedroom Homes for Rent | $2,975 | $2,950 | $3,000 |
| Paterson 6 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Top Homes for Rent in Paterson
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Paterson, NJ Local Guide
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Cheapest Neighborhoods for Apartments in Paterson, NJ
Pricing Updated: 08/24/2026Current apartment rentals in the Paterson, NJ area range in price from $1,275 to $4,800 with an overall median price of $2,202. The three Paterson neighborhoods with the lowest median rent pricing are Old Great Falls Historic District at $1,883, Great Falls at $1,950, and Stoney Road at $1,995. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Paterson Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Old Great Falls Historic District | $1,883 | $1,400 | 9 |
| Great Falls | $1,950 | $1,275 | 57 |
| Stoney Road | $1,995 | $1,275 | 60 |
| Downtown Paterson | $2,000 | $1,400 | 34 |
| Sandy Hill | $2,000 | $1,275 | 61 |
| Wrigley Park | $2,000 | $1,275 | 84 |
| Eastside | $2,037 | $1,275 | 50 |
| Hillcrest | $2,100 | $1,275 | 100 |
| Totowa | $2,200 | $1,400 | 40 |
| Peoples Park | $2,250 | $1,275 | 73 |
Cheapest Available Paterson Apartments for Rent
 The cheapest available apartment rental in Paterson, NJ is a Studio unit found at 324,339 and 431 Broadway in the Stoney Road neighborhood priced from $1,275. Hospital Plaza in the Stoney Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,550. Here is today’s list of the most affordable Paterson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 324,339 and 431 Broadway | 431 Broadway | Studio,1BA | $1,275 |
| Hospital Plaza | A1 | 1BR,1BA | $1,550 |
| Mill Street Square | One Bedroom/1 bath (Grandparents Raising Grandchil | 1BR,1BA | $1,626 |
| 118 East 24th St Apartments | 1 Bd/ 1 Ba | 1BR,1BA | $1,700 |
| Valley View Apartments | Type A | 1BR,1BA | $1,713 |
Best Value Apartments for Rent in Paterson, NJ
As of August 24, 2026 the best value apartment in the Paterson area is the $1.32 price per square foot 767 E 26th St Model at 767 E 26th St, Unit 5 bed 2full bath in the in the Eastside neighborhood starting from $3,300. The second greatest value Paterson apartment is the 158 Main St Model at 158 Main St, Unit 1st Floor Apartment starting at $3,100 with a $1.38 price per square foot in the Lakeview neighborhood. Here is today’s list of the best values for Paterson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 767 E 26th St, Unit 5 bed 2full bath | 767 E 26th St | 5BR,2BA | $1.32 |
| 158 Main St, Unit 1st Floor Apartment | 158 Main St | 2BR,2BA | $1.38 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 441 E 27th St, Unit 2nd Fl | 441 E 27th St | 3BR,1BA | $1.73 |
| 77 Madison Ave, Unit 1st FL | 77 Madison Ave | 3BR,1BA | $1.77 |
| 417 Straight St, Unit Large Bright 3BR Apartmen | 417 Straight St | 3BR,1BA | $1.77 |
| 59-63 Courtland St | 2 Bedroom | 2BR,1BA | $2.00 |
| 74 Plauderville Ave, Unit 3 | 74 Plauderville Ave | 1BR,1BA | $1.80 |
| Highland Terrace | One Bedroom | 1BR,1BA | $1.99 |
| 118 East 24th St Apartments | 1 Bd/ 1 Ba | 1BR,1BA | $1.84 |
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.
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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.
Paterson, NJPopulation: 145,627
Ranked #181
in US Census Population by City
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Best Local Schools in Paterson, NJ
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Paterson
What type of rentals are currently available in Paterson?
There are currently 878 Apartments for Rent in Paterson, NJ with pricing that ranges from $995 to $5,320. There are also 158 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paterson ranging from $1,100 to $6,500.
What is the current price range for Rental Homes in Paterson?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Paterson ranges from $1,100 to $6,500 with an average monthly rent of $2,384.
How much are larger Three and Four Bedroom Rentals in Paterson?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Paterson range from $1,850 to $5,320, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $4,150. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,500.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.