Cheap Apartments for Rent in Prospect Park, NJ from $600 (15 Rentals)

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Building 534
Studio to 1 Bedroom Apartments

Building 534

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

486-490 Park Ave

486-490 Park AvePaterson, NJ 07504
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Redwood Village
1 to 2 Bedroom Apartments

Redwood Village

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

191 Market St

191 Market StPaterson, NJ 07505
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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
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Colt Arms Apartments
Studio to 1 Bedroom Apartments

Colt Arms Apartments

18-56 Godwin StPaterson, NJ 07501
Senior Living
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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
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216 Straight St
1 to 4 Bedroom Apartments

216 Straight St

216 Straight StPaterson, NJ 07501
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Prospect Park, NJ Local Guide

Cheapest Available Prospect Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prospect Park, NJ is a Studio unit found at 324,339 and 431 Broadway in the Stoney Road neighborhood priced from $1,350. Freedom Village Senior 55+ in the Stoney Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,398. Here is today’s list of the most affordable Prospect Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
324,339 and 431 Broadway324 BroadwayStudio,1BA$1,350
Freedom Village Senior 55+1 Bedroom1BR,1BA$1,398
Lafayette Park ApartmentsStudioStudio,1BA$1,699
118 East 24th St Apartments1 Bd/ 1 Ba1BR,1BA$1,700
Mill Street SquareOne Bedroom (Income Minium and Maximum Apply)1BR,1BA$1,928

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

As of November 01, 2025 the best value apartment in the Prospect Park area is the $1.55 price per square foot JUSTIN LANE Model at Belmont Estates Townhomes in the in the Preakness neighborhood starting from $4,795. The second greatest value Prospect Park apartment is the Two Bedroom Model at Sunset Ridge at Totowa starting at $2,850 with a $1.73 price per square foot in the Totowa 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.
Belmont Estates TownhomesJUSTIN LANE3BR,2.5BA$1.55
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
76 Planten Ave, Unit 1st floor76 Planten Ave2BR,1BA$1.19
59 Lincoln Ave, Unit 20159 Lincoln Ave2BR,1BA$2.04
368 N 11th St, Unit 1368 N 11th St3BR,1BA$2.14
37 Highland St, Unit 137 Highland St2BR,1BA$1.60
232 Haledon Ave, Unit 3232 Haledon Ave1BR,1BA$1.45
242 Union Ave, Unit FIRST FLOOR FRONT242 Union Ave1BR,1BA$1.60
Freedom Village Senior 55+1 Bedroom1BR,1BA$2.08
124 Lyon St, Unit 3124 Lyon St1BR,1BA$1.30

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

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Getting Around Prospect Park, NJ

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

4 / 100

Minimal Transit

It may be possible to get on a bus

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 $1,398 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 $1,700 at 324,339 and 431 Broadway.

What is the most affordable Prospect Park Three Bedroom Apartment?

The best deal on a cheap Prospect Park Three Bedroom Apartment rental is at 261 Marshall St and starts from $2,700.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.