38 Mill St
PatersonNJ07501
Cheap Homes for Rent in Prospect Park, NJ from $1,200 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect Park.
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$1,400Studio Apartments Available Now
324 Market St, Unit 402
324 Market StPaterson, NJ 07501
562 Summer St
PatersonNJ07501
76-78-78 Market St, Unit 1, Unit 1
76-78-78 Market St
PatersonNJ07505
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$1,550Studio Apartments Available Now
159-161 12th Ave, Unit 202
159-161 12th AvePaterson, NJ 07501
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$1,550Studio Apartments Available Now
8-10 Godwin Ave, Unit 302
8-10 Godwin AvePaterson, NJ 07501
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$1,6001 Bedroom Apartments Available Jun 1
67 Jersey St, Unit Apt 3
67 Jersey StPaterson, NJ 07501
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,6501 Bedroom Apartments Available Now
173 Sherman Ave, Unit 22
173 Sherman AvePaterson, NJ 07502
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$1,6501 Bedroom Apartments Available Jun 1
49 Haledon Ave, Unit 3
49 Haledon AvePaterson, NJ 07522
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$1,7002 Bedroom Apartments Available Now
83-85 Carroll St, Unit 2
83-85 Carroll StPaterson, NJ 07501
102 N 3rd St, Unit 2A, Unit 2A
102 N 3rd St
PatersonNJ07522
58 Westervelt Ave
HawthorneNJ07506
58 Westervelt Ave
HawthorneNJ07506
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$1,7252 Bedroom Apartments Available Now
288 Rosa Parks Blvd, Unit 30
288 Rosa Parks BlvdPaterson, NJ 07501
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.
48 Essex St, Unit 1R, Unit 1R
48 Essex St
PatersonNJ07501
286 N 6th St
Prospect ParkNJ07508
541 Union Ave, Unit 2, Unit 2
541 Union Ave
PatersonNJ07522
262 Grand St
PatersonNJ07501
45 3rd Ave
HawthorneNJ07506
78 N 5th St
PatersonNJ07522
25 Oak St, Unit BS, Unit BS
25 Oak St
PatersonNJ07501
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.
Showing Results 1-21, Page 1 of 1
Prospect Park, NJ Local Guide
Salt Water Taffy by slgckgc is licensed under CC BY 2.0
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 | $2,101 | $1,475 | $3,350 |
| Prospect Park 3 Bedroom Homes for Rent | $2,478 | $1,700 | $4,600 |
| Prospect Park 4 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
| Prospect Park 5 Bedroom Homes for Rent | $3,250 | $3,250 | $3,250 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Prospect Park
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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 Studio unit found at 324,339 and 431 Broadway in the Stoney Road neighborhood priced from $1,450. Tudor Court in the Eastside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,595. 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 | $1,450 |
| Tudor Court | A1 | 1BR,1BA | $1,595 |
| Valley View Apartments | Type A | 1BR,1BA | $1,606 |
| 35 McKinley | 1 BD | 1BR,1BA | $1,799 |
| Lafayette Park Apartments | 1 BR 1 BA | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Prospect Park, NJ
As of May 26, 2026 the best value apartment in the Prospect Park area is the $1.06 price per square foot 173 Slater St Model at 173 Slater St, Unit 2nd 3rd fl duplex apt in the in the Stoney Road neighborhood starting from $1,980. 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. |
|---|---|---|---|
| 173 Slater St, Unit 2nd 3rd fl duplex apt | 173 Slater St | 3BR,1BA | $1.06 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 24 Don Bosco Ave, Unit #2 | 24 Don Bosco Ave | 2BR,1BA | $1.89 |
| 500 W Broadway, Unit First Floor | 500 W Broadway | 2BR,1BA | $1.44 |
| 44 Jasper St, Unit 1 | 44 Jasper St | 3BR,1BA | $1.96 |
| 207 Kearney St, Unit 1 | 207 Kearney St | 3BR,1BA | $1.91 |
| 242 Union Ave, Unit FIRST FLOOR FRONT | 242 Union Ave | 1BR,1BA | $1.60 |
| 385 11th Ave | 385 11th Ave | 2BR,1BA | $1.89 |
| Tudor Court | A1 | 1BR,1BA | $1.96 |
| Valley View Apartments | Type A | 1BR,1BA | $2.05 |
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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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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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 515 Apartments for Rent in Prospect Park, NJ with pricing that ranges from $1,400 to $3,600. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $1,250 to $4,600.
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 $1,250 to $4,600 with an average monthly rent of $2,422.
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 $1,775 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $4,600. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $2,470.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.