Cheap Apartments for Rent in Prospect Park, NJ from $700 (19 Rentals)

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

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194 Mill St
$1,500 - $1,700
Total Monthly Price

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$1,500 - $1,700

Total Monthly Price
$1,500 - $1,700
1 to 2 Bedroom Apartment Available Now

194 Mill St

194 Mill StPaterson, NJ 07501
Cost Per Sq.Ft.
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Building 534
Studio to 1 Bedroom Apartments

Building 534

534 BroadwayPaterson, NJ 07514
  • Utilities Included

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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486-490 Park Ave
Studio to 3 Bedroom Apartments

486-490 Park Ave

486-490 Park AvePaterson, NJ 07504
  • Utilities Included
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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

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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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
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216 Straight St
1 to 4 Bedroom Apartments

216 Straight St

216 Straight StPaterson, NJ 07501
  • Utilities Included

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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Riverview Towers
1 to 2 Bedroom Apartments

Riverview Towers

85-105 Presidential BlvdPaterson, NJ 07522
  • Utilities Included

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 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 ListingModel NameBed/BathPriced From
Freedom Village Senior 55+1 Bedroom1BR,1BA$1,398
324,339 and 431 Broadway324 BroadwayStudio,1BA$1,450
Valley View ApartmentsType A1BR,1BA$1,530
35 McKinley1 BD1BR,1BA$1,749

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

As of February 20, 2026 the best value apartment in the Prospect Park area is the $0.18 price per square foot 217 21st Ave Model at 217 21st Ave, Unit 1 in the in the Stoney Road neighborhood starting from $1,800. The second greatest value Prospect Park apartment is the 20 Amity St Model at 20 Amity St, Unit 1A starting at $1,800 with a $1.07 price per square foot in the Wrigley Park 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.
217 21st Ave, Unit 1217 21st Ave2BR,1BA$0.18
20 Amity St, Unit 1A20 Amity St1BR,1BA$1.07
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
59 Lincoln Ave, Unit 20159 Lincoln Ave2BR,1BA$1.96
194 Mill St194 Mill St2BR,1BA$1.28
23-25 Albion Ave23-25 Albion Ave3BR,1BA$1.50
195 Preakness Ave, Unit 3195 Preakness Ave3BR,1BA$1.63
680 Belmont Ave, Unit #2680 Belmont Ave1BR,1BA$2.00
242 Union Ave242 Union Ave1BR,1BA$1.60
Valley View ApartmentsType A1BR,1BA$1.96

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

Explore Prospect Park, NJ Rentals by Map

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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

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.