
Cheap Apartments for Rent in Prospect Park, NJ from $700 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect Park.


324,339 and 431 Broadway
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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.

Freedom Village Senior 55+
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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 | $1,758 | $1,400 | $2,390 |
Cheap Prospect Park 1 Bedroom Apartments | $2,122 | $1,398 | $2,990 |
Cheap Prospect Park 2 Bedroom Apartments | $2,779 | $1,600 | $3,990 |
Cheap Prospect Park 3 Bedroom Apartments | $2,600 | $1,750 | $3,600 |
Cheap Prospect Park 4 Bedroom Apartments | $2,800 | $2,400 | $3,200 |
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $1,398 |
118 East 24th St Apartments | 1 Bd/ 1 Ba | 1BR,1BA | $1,700 |
Lafayette Park Apartments | Studio | Studio,1BA | $1,795 |
Mill Street Square - 3318 | One 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
318 21st Ave, Unit 304 | 318 21st Ave | 1BR,1BA | $0.19 |
15 N 17th St, Unit 3 | 15 N 17th St | 3BR,1.5BA | $0.33 |
242 Union Ave, Unit 1st Floor | 242 Union Ave | 3BR,2BA | $1.42 |
Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
43 Rosa Park Blvd, Unit 2 | 43 Rosa Park Blvd | 2BR,1BA | $1.13 |
264 Union Ave, Unit 2 | 264 Union Ave | 3BR,1BA | $1.47 |
9 Manchester Ave, Unit 1 Maria | 9 Manchester Ave | 1BR,1BA | $1.33 |
294 Union Ave, Unit ground floor | 294 Union Ave | 2BR,1BA | $1.60 |
232 Haledon Ave, Unit 3 | 232 Haledon Ave | 1BR,1BA | $1.45 |
118 East 24th St Apartments | 1 Bd/ 1 Ba | 1BR,1BA | $1.89 |
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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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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.