Cheap Apartments for Rent in Prospect Park, NJ from $600 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect Park.

324,339 and 431 Broadway

Freedom Village Senior 55+
Prospect Park, NJ Local Guide

How much does it cost to rent an apartment in Prospect Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Park Studio Apartments | $1,865 | $1,450 | $2,400 |
| Prospect Park 1 Bedroom Apartments | $2,074 | $650 | $3,000 |
| Prospect Park 2 Bedroom Apartments | $2,784 | $1,600 | $4,500 |
| Prospect Park 3 Bedroom Apartments | $2,413 | $1,900 | $3,500 |
| Prospect Park 4 Bedroom Apartments | $2,425 | $2,300 | $2,550 |
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Prospect Park, NJ Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 324,339 and 431 Broadway | 324 Broadway | Studio,1BA | $1,350 |
| Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $1,398 |
| Lafayette Park Apartments | Studio | Studio,1BA | $1,699 |
| 118 East 24th St Apartments | 1 Bd/ 1 Ba | 1BR,1BA | $1,700 |
| Mill Street Square | One 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Belmont Estates Townhomes | JUSTIN LANE | 3BR,2.5BA | $1.55 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 76 Planten Ave, Unit 1st floor | 76 Planten Ave | 2BR,1BA | $1.19 |
| 59 Lincoln Ave, Unit 201 | 59 Lincoln Ave | 2BR,1BA | $2.04 |
| 368 N 11th St, Unit 1 | 368 N 11th St | 3BR,1BA | $2.14 |
| 37 Highland St, Unit 1 | 37 Highland St | 2BR,1BA | $1.60 |
| 232 Haledon Ave, Unit 3 | 232 Haledon Ave | 1BR,1BA | $1.45 |
| 242 Union Ave, Unit FIRST FLOOR FRONT | 242 Union Ave | 1BR,1BA | $1.60 |
| Freedom Village Senior 55+ | 1 Bedroom | 1BR,1BA | $2.08 |
| 124 Lyon St, Unit 3 | 124 Lyon St | 1BR,1BA | $1.30 |
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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 $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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.












