
Cheap Homes for Rent in Prospect Park, NJ from $1,000 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect Park.


213 Franklin St

76-78-78 Market St, Unit 5

446 Wagaraw Rd
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.

309 Haledon Ave
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.

25 Sherman Ave

51 Traphagen Rd

131 Hinchman Ave

36 N 8th St

19 White St
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.
Prospect Park, NJ Local Guide

How much does it cost to rent a home in Prospect Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Prospect Park 2 Bedroom Homes for Rent | $2,262 | $2,000 | $2,950 |
Prospect Park 3 Bedroom Homes for Rent | $2,744 | $2,000 | $4,900 |
Prospect Park 4 Bedroom Homes for Rent | $4,700 | $4,700 | $4,700 |
Prospect Park 5 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
Browse Top Homes for Rent in Prospect Park
Explore Prospect Park
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 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 |
118 East 24th St Apartments | 1 Bd/ 1 Ba | 1BR,1BA | $1,700 |
Mill Street Square | One Bedroom 80% | 1BR,1BA | $1,816 |
Best Value Apartments for Rent in Prospect Park, NJ
As of September 19, 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 | $1.06 |
264 Union Ave, Unit 2 | 264 Union Ave | 3BR,1BA | $1.47 |
9 Manchester Ave, Unit 1 Maria | 9 Manchester Ave | 1BR,1BA | $1.25 |
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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See the most popular apartments and homes in Prospect Park, NJ
Frequently Asked Questions about Prospect Park
What type of rentals are currently available in Prospect Park?
There are currently 486 Apartments for Rent in Prospect Park, NJ with pricing that ranges from $1,375 to $3,990. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $1,025 to $5,500.
What is the current price range for Rental Homes in Prospect Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Park ranges from $1,025 to $5,500 with an average monthly rent of $3,301.
How much are larger Three and Four Bedroom Rentals in Prospect Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Prospect Park range from $1,750 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $4,900. Four Bedroom Single-Family rentals are also available starting from $4,700 and Four Bedroom Apartments start at $2,400.
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.

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.

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.