Cheap Homes for Rent near Prospect Park, NJ from $1,200 (24 Rentals)

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

property at 46 E Main St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

1 Bedroom, 1 Bath Home for Rent

Available Now

46 E Main St

PatersonNJ07522

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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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.

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property at 58 Westervelt Ave

$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 Now

58 Westervelt Ave

HawthorneNJ07506
property at 58 Westervelt Ave

$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 Now

58 Westervelt Ave

HawthorneNJ07506

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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Showing Results 1-24, Page 1 of 1

Prospect Park, NJ Local Guide

Cheapest Available Prospect Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prospect Park, NJ is a 1 Bed unit found at Valley View Apartments in the Stoney Road neighborhood priced from $1,673. 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 ListingModel NameBed/BathPriced From
Valley View ApartmentsType A1BR,1BA$1,673
118 East 24th St Apartments1 Bd/ 1 Ba1BR,1BA$1,700
Mill Street SquareTwo Bedroom (Income Minium and Maximum Apply)2BR,1BA$2,170

Best Value Apartments for Rent in Prospect Park, NJ and Nearby

As of July 10, 2026 the best value apartment in the Prospect Park area is the $0.19 price per square foot 71 Mill St Model at 71 Mill St, Unit 2 floor in the in the Stoney Road neighborhood starting from $1,900. The second greatest value Prospect Park apartment is the 379 Straight St Model at 379 Straight St, Unit Salam Rahman starting at $2,300 with a $1.15 price per square foot in the Stoney Road 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.
71 Mill St, Unit 2 floor71 Mill St2BR,1BA$0.19
379 Straight St, Unit Salam Rahman379 Straight St4BR,1BA$1.15
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
4 Brown Ave, Unit Brown Ave4 Brown Ave4BR,1.5BA$2.08
474 Ellison St, Unit Apt 2474 Ellison St2BR,1BA$1.75
417 Straight St, Unit Large Bright 3BR Apartmen417 Straight St3BR,1BA$1.77
482 10th Ave, Unit 2 Floor Apartment482 10th Ave2BR,1BA$1.83
494 E 18th St, Unit 2nd Floor494 E 18th St2BR,1BA$2.09
2 Ann Pl, Unit 2 Ann Place Paterson NJ2 Ann Pl1BR,1BA$1.70
118 East 24th St Apartments1 Bd/ 1 Ba1BR,1BA$2.13

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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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 508 Apartments for Rent in Prospect Park, NJ with pricing that ranges from $1,350 to $3,995. There are also 83 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $1,200 to $6,850.

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 $1,200 to $6,850 with an average monthly rent of $3,162.

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 $1,700 to $3,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,900. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $2,200.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.