
Cheap Apartments for Rent in Prospect Park, NJ from $700 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect Park.


210 Chamberlain Ave

38 Mill St

Freedom Village Senior 55+

324,339 and 431 Broadway

67 Jersey St

76 Market St

207 Redwood Ave

Total Monthly Price
194 Mill St, Unit 1

Total Monthly Price
242 Union Ave
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.

173 Sherman Ave

100 Rosa Parks Blvd

268 McBride Ave

23 Pompton Rd

Total Monthly Price
175 Sheridan Ave

87 Butler St

59 Cedar St

41 Cedar St

171 Godwin Ave

Total Monthly Price
171 Godwin Ave, Unit 3rd Floor
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.

35 McKinley

Total Monthly Price
318 21st Ave, Unit 304

Total Monthly Price
217 21st Ave, Unit 1

108 4th Ave

124-126 Keen St

Building 534

486-490 Park Ave

Redwood Village

329 Wagaraw Rd

329 Wagaraw Rd
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.

191 Market St

282 Broadway Ave

Hamilton Square Residential

Hospital Plaza

38 Mill St

Colt Arms Apartments

Riverview Towers

44 Beech St

97 Market St, Unit 10

216 Straight St
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.

Tudor Court Condominiums

Redwood Apartments Newly Constructed!

562 Summer St

Valley View Apartments

457 E 22nd St

159 12th Ave

180 Cedar St

77-91 Park Ave

275 Main St

Hinchliffe Residences Senior 55
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.
Prospect Park, NJ Local Guide

How much does it cost to rent an apartment in Prospect Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Prospect Park Studio Apartments | $1,749 | $1,250 | $2,599 |
| Cheap Prospect Park 1 Bedroom Apartments | $1,977 | $1,250 | $2,845 |
| Cheap Prospect Park 2 Bedroom Apartments | $2,620 | $1,700 | $3,990 |
| Cheap Prospect Park 3 Bedroom Apartments | $2,302 | $1,750 | $3,000 |
| Cheap Prospect Park 4 Bedroom Apartments | $2,974 | $2,400 | $3,600 |
Browse Top Apartments in Prospect Park
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Prospect Park, NJ Local Guide
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Cheapest Available Prospect Park Apartments for Rent
 The cheapest available apartment rental in Prospect Park, 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 Prospect Park apartments for rent:
| 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 |
| Valley View Apartments | Type A | 1BR,1BA | $1,593 |
| Mill Street Square | One Bedroom (Income Minium and Maximum Apply) | 1BR,1BA | $1,816 |
Best Value Apartments for Rent in Prospect Park, NJ
As of April 06, 2026 the best value apartment in the Prospect Park area is the $0.18 price per square foot 318 21st Ave Model at 318 21st Ave, Unit 304 in the in the Stoney Road neighborhood starting from $1,800. The second greatest value Prospect Park apartment is the 217 21st Ave Model at 217 21st Ave, Unit 1 starting at $1,800 with a $0.18 price per square foot in the Stoney Road neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 318 21st Ave, Unit 304 | 318 21st Ave | 1BR,1BA | $0.18 |
| 217 21st Ave, Unit 1 | 217 21st Ave | 2BR,1BA | $0.18 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 681 E 28th St, Unit 2 | 681 E 28th St | 4BR,1BA | $2.07 |
| 194 Mill St, Unit 1 | 194 Mill St | 1BR,1BA | $1.30 |
| 171 Godwin Ave, Unit 3rd Floor | 171 Godwin Ave | 3BR,1BA | $1.75 |
| 217 College Blvd, Unit 3 Bedroom Apartment | 217 College Blvd | 3BR,1BA | $1.98 |
| 680 Belmont Ave, Unit #2 | 680 Belmont Ave | 1BR,1BA | $1.90 |
| 242 Union Ave | 242 Union Ave | 1BR,1BA | $1.60 |
| Valley View Apartments | Type A | 1BR,1BA | $2.04 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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
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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prospect Park, NJ Rentals by Map
See the most popular apartments and homes in Prospect Park, NJ
Frequently Asked Questions about Cheap Prospect Park Apartments
What is the Cheapest Studio apartment in Prospect Park?
Currently the most affordable Cheap Studio Apartment in Prospect Park is at 324,339 and 431 Broadway listed at $1,450.
How much is rent for a Cheap One Bedroom Prospect Park Apartment?
The lowest price for a Cheap One Bedroom Prospect Park Apartment is $1,398 at Freedom Village Senior 55+.
What is the lowest price for a Cheap Two Bedroom Prospect Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect Park is starting from $1,950 at 324,339 and 431 Broadway.
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.