Cheap Homes for Rent in Prospect Park, NJ from $1,100 (22 Rentals)

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

property at 76-78-78 Market St

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

1 Bedroom, 1 Bath Home for Rent

Available Now

76-78-78 Market St, Unit 5

76-78-78 Market St
PatersonNJ07505

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Prospect Park, NJ Local Guide

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 $1,275. Hospital Plaza in the Stoney Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,550. Here is today’s list of the most affordable Prospect Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
324,339 and 431 Broadway431 BroadwayStudio,1BA$1,275
Hospital PlazaA11BR,1BA$1,550
118 East 24th St Apartments1 Bd/ 1 Ba1BR,1BA$1,700
Valley View ApartmentsType A1BR,1BA$1,713
Mill Street SquareOne Bedroom (Income Minium and Maximum Apply)1BR,1BA$1,816

Best Value Apartments for Rent in Prospect Park, NJ

As of August 30, 2026 the best value apartment in the Prospect Park area is the $1.32 price per square foot 767 E 26th St Model at 767 E 26th St, Unit 5 bed 2full bath in the in the Eastside neighborhood starting from $3,300. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
767 E 26th St, Unit 5 bed 2full bath767 E 26th St5BR,2BA$1.32
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
77 Madison Ave, Unit 1st FL77 Madison Ave3BR,1BA$1.77
417 Straight St, Unit Large Bright 3BR Apartmen417 Straight St3BR,1BA$1.77
407 Main St, Unit 3407 Main St3BR,1BA$2.08
250 Union Ave, Unit First Floor250 Union Ave2BR,1BA$2.17
44 King St44 King St3BR,1BA$2.35
118 East 24th St Apartments1 Bd/ 1 Ba1BR,1BA$1.84
Valley View ApartmentsType A1BR,1BA$2.19
58 Arlington Ave, Unit Basement Apartment in Hillcrest Paterson58 Arlington Ave2BR,1BA$2.29

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 530 Apartments for Rent in Prospect Park, NJ with pricing that ranges from $1,275 to $3,950. There are also 89 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $1,100 to $3,750.

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 $1,100 to $3,750 with an average monthly rent of $2,225.

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 $1,850 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $2,800. 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.