Cheap Homes for Rent in Paterson, NJ from $1,000 (54 Rentals)

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Search the lowest-cost Homes available for rent right now in Paterson.

property at 329 Wagaraw Rd

$1,025

1 Bedroom, 3 Bath Home for Rent

Available Now

329 Wagaraw Rd

HawthorneNJ07506
property at 176 Shaw St

$1,700

2 Bedroom, 1 Bath Home for Rent

Available Now

176 Shaw St

GarfieldNJ07026

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.

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property at 176 Shaw St

$1,800

2 Bedroom, 1 Bath Home for Rent

Available Now

176 Shaw St

GarfieldNJ07026

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.

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property at 13 Knapp Ave

$1,950

2 Bedroom, 1 Bath Home for Rent

Available Now

13 Knapp Ave

CliftonNJ07011

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 172 N Main St

$2,150

2 Bedroom, 1 Bath Condo for Rent

Available Now

172 N Main St

PatersonNJ07522
property at 110 16th Ave

$2,200

3 Bedroom, 2 Bath Home for Rent

Available Now

110 16th Ave

PatersonNJ07501

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 172 N Main St

$2,250

3 Bedroom, 1 Bath Condo for Rent

Available Now

172 N Main St

PatersonNJ07522

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.

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Paterson, NJ Local Guide

Cheapest Neighborhoods for Apartments in Paterson, NJ

Pricing Updated: 02/06/2026

Current apartment rentals in the Paterson, NJ area range in price from $1,350 to $4,800 with an overall median price of $2,691. The three Paterson neighborhoods with the lowest median rent pricing are Totowa at $1,400, Downtown Paterson at $1,398, and Old Great Falls Historic District at $1,400. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Paterson Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Totowa$2,200$1,40024
Downtown Paterson$2,500$1,39822
Old Great Falls Historic District$2,585$1,40010
Hillcrest$2,600$1,39875
Riverside$2,650$1,39822
Great Falls$2,700$1,39833
South Paterson$2,700$1,35028
Stoney Road$2,700$1,39837
Wrigley Park$2,700$1,39852
Lakeview$2,735$1,35039

Cheapest Available Paterson Apartments for Rent

 

The cheapest available apartment rental in Paterson, NJ is a 1 Bed unit found at Freedom Village Senior 55+ in the Stoney Road neighborhood priced from $1,398. 324,339 and 431 Broadway in the Stoney Road neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here is today’s list of the most affordable Paterson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Freedom Village Senior 55+1 Bedroom1BR,1BA$1,398
324,339 and 431 Broadway324 BroadwayStudio,1BA$1,450
Martha Washington ApartmentsOne Bedroom Small1BR,1BA$1,595
Fairlawn Properties3 Room 1 Bedroom1BR,1BA$1,695
Kent Village1 Bedroom1BR,1BA$1,750
Mill Street SquareOne Bedroom (Income Minium and Maximum Apply)1BR,1BA$1,799
305 Lakeview Apartments1BR/1.0BA1BR,1BA$1,800

Best Value Apartments for Rent in Paterson, NJ

As of February 06, 2026 the best value apartment in the Paterson area is the $1.67 price per square foot $2.87/sq.ft. - The Essex Model at Fair Lawn Commons in the in the Southeast Ridgewood neighborhood starting from $3,195. The second greatest value Paterson apartment is the 189 Summer St Model at 189 Summer St, Unit 2 starting at $2,700 with a $1.50 price per square foot in the Downtown Passaic neighborhood. Here is today’s list of the best values for Paterson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fair Lawn Commons$2.87/sq.ft. - The Essex2BR,2BA$1.67
189 Summer St, Unit 2189 Summer St3BR,1BA$1.50
20 Amity St, Unit 1A20 Amity St1BR,1BA$1.07
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
372 Gilbert Ave, Unit #2372 Gilbert Ave3BR,1BA$2.00
194 Mill St, Unit 1194 Mill St1BR,1BA$1.22
195 Preakness Ave, Unit 3195 Preakness Ave3BR,1BA$1.63
109 E Main St, Unit 1109 E Main St3BR,1BA$1.90
680 Belmont Ave, Unit #2680 Belmont Ave1BR,1BA$2.00
242 Union Ave, Unit FIRST FLOOR FRONT242 Union Ave1BR,1BA$1.60

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Quick 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.

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Best Local Schools in
Paterson, NJ

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Paterson, NJ Rentals by Map

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See the most popular apartments and homes in Paterson, NJ

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Frequently Asked Questions about Paterson

What type of rentals are currently available in Paterson?

There are currently 850 Apartments for Rent in Paterson, NJ with pricing that ranges from $1,350 to $5,120. There are also 139 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paterson ranging from $1,025 to $5,750.

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 $1,025 to $5,750 with an average monthly rent of $3,283.

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 $1,875 to $5,120, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $5,200. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $2,225.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.

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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.

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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.