Cheap Apartments for Rent in Prospect Park, NJ from $700 (17 Rentals)

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

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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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Riverview Towers
1 to 2 Bedroom Apartments

Riverview Towers

85-105 Presidential BlvdPaterson, NJ 07522
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Prospect Park, NJ Local Guide

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. 118 East 24th St Apartments in the Southeast Ridgewood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,700. Here is today’s list of the most affordable Prospect Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Freedom Village Senior 55+1 Bedroom1BR,1BA$1,398
118 East 24th St Apartments1 Bd/ 1 Ba1BR,1BA$1,700
Lafayette Park ApartmentsStudioStudio,1BA$1,795
Mill Street Square - 3318One Bedroom 80%1BR,1BA$1,816

Best Value Apartments for Rent in Prospect Park, NJ

As of September 14, 2025 the best value apartment in the Prospect Park area is the $0.19 price per square foot 318 21st Ave Model at 318 21st Ave, Unit 304 in the in the Stoney Road neighborhood starting from $1,850. The second greatest value Prospect Park apartment is the 15 N 17th St Model at 15 N 17th St, Unit 3 starting at $3,300 with a $0.33 price per square foot in the Preakness 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.
318 21st Ave, Unit 304318 21st Ave1BR,1BA$0.19
15 N 17th St, Unit 315 N 17th St3BR,1.5BA$0.33
242 Union Ave, Unit 1st Floor242 Union Ave3BR,2BA$1.42
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
43 Rosa Park Blvd, Unit 243 Rosa Park Blvd2BR,1BA$1.13
264 Union Ave, Unit 2264 Union Ave3BR,1BA$1.47
9 Manchester Ave, Unit 1 Maria9 Manchester Ave1BR,1BA$1.33
294 Union Ave, Unit ground floor294 Union Ave2BR,1BA$1.60
232 Haledon Ave, Unit 3232 Haledon Ave1BR,1BA$1.45
118 East 24th St Apartments1 Bd/ 1 Ba1BR,1BA$1.89

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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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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 $2,170 at Mill Street Square - 3318.

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.

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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.

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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.

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

Written by: Christine Leonard, Esq.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.