Cheap Homes for Rent in Prospect Park, NJ from $800 (22 Rentals)

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

property at 635 Madison Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

Studio, 1 Bath Home for Rent

Available Now

635 Madison Ave, Unit 637

635 Madison Ave
PatersonNJ07514
property at 331 Straight St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

Studio, 1 Bath Home for Rent

Available Now

331 Straight St

PatersonNJ07501
property at 329 Wagaraw Rd

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 3 Bath Home for Rent

Available Now

329 Wagaraw Rd

HawthorneNJ07506
property at 329 Wagaraw Rd

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

1 Bedroom, 3 Bath Home for Rent

Available Now

329 Wagaraw Rd

HawthorneNJ07506

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.

property at 323 Marshall St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

2 Bedroom, 1 Bath Home for Rent

Available Mar 1

323 Marshall St

PatersonNJ07503
property at 46 Essex St

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795

2 Bedroom, 1 Bath Home for Rent

Available Now

46 Essex St

PatersonNJ07501
property at 46 Essex St

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795

2 Bedroom, 1 Bath Home for Rent

Available Now

46 Essex St

PatersonNJ07501
property at 52 Essex St

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795

2 Bedroom, 1 Bath Home for Rent

Available Now

52 Essex St

PatersonNJ07501

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.

property at 52 Essex St

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795

2 Bedroom, 1 Bath Home for Rent

Available Now

52 Essex St

PatersonNJ07501
property at 48 Essex St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

3 Bedroom, 1 Bath Home for Rent

Available Now

48 Essex St, Unit 3R

48 Essex St
PatersonNJ07501

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.

Prospect Park, NJ Local Guide

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. 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

As of February 24, 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.

Read Article
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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 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 $1,300 to $3,795. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $800 to $4,800.

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 $800 to $4,800 with an average monthly rent of $2,699.

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 $1,800 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,400.

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.