Cheap Apartments for Rent in Prospect Park, NJ from $700 (70 Rentals)

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Search the lowest-cost Apartments available for rent right now in Prospect Park.

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.

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property at 38 Mill St

$1,650 - $2,000

1 To 2 Bedroom Rentals

Available Now

38 Mill St

PatersonNJ07501

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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161 16th Ave, Unit 2
$1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,795
Total Monthly Price
$1,795
2 Bedroom Apartment Available Now

161 16th Ave, Unit 2

161 16th AvePaterson, NJ 07501
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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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property at 441 Summer St

$1,800 - $2,200

2 To 3 Bedroom Rentals

Available Now

441 Summer St

PatersonNJ07501
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Building 534
Studio to 1 Bedroom Apartments

Building 534

534 BroadwayPaterson, NJ 07514
  • Utilities Included
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486-490 Park Ave
Studio to 3 Bedroom Apartments

486-490 Park Ave

486-490 Park AvePaterson, NJ 07504
  • Utilities Included

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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Redwood Village
1 to 2 Bedroom Apartments

Redwood Village

311 Redwood AvePaterson, NJ 07522
  • Utilities Included
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191 Market St
Studio to 2 Bedroom Apartments

191 Market St

191 Market StPaterson, NJ 07505
  • Utilities Included
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282 Broadway Ave
1 Bedroom Apartments

282 Broadway Ave

282 Broadway AvePaterson, NJ 07501
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Hospital Plaza
1 Bedroom Apartments

Hospital Plaza

200 Hospital PlzPaterson, NJ 07503
  • Utilities Included
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Colt Arms Apartments
Studio to 1 Bedroom Apartments

Colt Arms Apartments

18-56 Godwin StPaterson, NJ 07501
Senior Living
  • Utilities Included
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Riverview Towers
1 to 2 Bedroom Apartments

Riverview Towers

125-145 Presidential BlvdPaterson, NJ 07522
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44 Beech St
Studio to 3 Bedroom Apartments

44 Beech St

44 Beech StPaterson, NJ 07501
  • Utilities Included

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.

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Showing Results 1-50, Page 1 of 2

Prospect Park, NJ Local Guide

Cheapest Available Prospect Park Apartments for Rent and Nearby

 
Apartment ListingModel NameBed/BathPriced From
Valley View ApartmentsType A1BR,1BA$1,673
118 East 24th St Apartments1 Bd/ 1 Ba1BR,1BA$1,700

Best Value Apartments for Rent in Prospect Park, NJ and Nearby

As of July 05, 2026 the best value apartment in the Prospect Park area is the $0.19 price per square foot 71 Mill St Model at 71 Mill St, Unit 2 floor in the in the Stoney Road neighborhood starting from $1,900. The second greatest value Prospect Park apartment is the 379 Straight St Model at 379 Straight St, Unit Salam Rahman starting at $2,300 with a $1.15 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 ListingModel NameBed/BathPrice Per Sq.Ft.
71 Mill St, Unit 2 floor71 Mill St2BR,1BA$0.19
379 Straight St, Unit Salam Rahman379 Straight St4BR,1BA$1.15
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
4 Brown Ave, Unit Brown Ave4 Brown Ave4BR,1.5BA$2.08
474 Ellison St, Unit Apt 2474 Ellison St2BR,1BA$1.75
417 Straight St, Unit Large Bright 3BR Apartmen417 Straight St3BR,1BA$1.77
482 10th Ave, Unit 2 Floor Apartment482 10th Ave2BR,1BA$1.83
494 E 18th St, Unit 2nd Floor494 E 18th St2BR,1BA$2.09
2 Ann Pl, Unit 2 Ann Place Paterson NJ2 Ann Pl1BR,1BA$1.70
385 11th Ave385 11th Ave2BR,1BA$1.95

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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Real 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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Quick Rent Budget Calculator

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

Explore Prospect Park, NJ Rentals by Map

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See the most popular apartments and homes in Prospect Park, NJ

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Frequently Asked Questions about Cheap Prospect Park Apartments

How much is rent for a Cheap One Bedroom Prospect Park Apartment?

The lowest price for a Cheap One Bedroom Prospect Park Apartment is $1,673 at Valley View Apartments.

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 $2,501 at Haledon Estates Apartments.

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

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.