Cheap Homes for Rent in Downtown Paterson Neighborhood of Paterson, NJ from $1,400 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Paterson area of Paterson.

property at 67 Jersey St

67 Jersey St

PatersonNJ07501
property at 7 N 3rd St

7 N 3rd St

PatersonNJ07522

Downtown Paterson, Paterson, NJ Local Guide

Cheapest Available Downtown Paterson Apartments for Rent

 

The cheapest available apartment rental in the Downtown Paterson area of Paterson, NJ is a Studio unit found at 324,339 and 431 Broadway priced from $1,150. Freedom Village Senior 55+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,398. Here are the most affordable Downtown Paterson apartments for rent in Paterson, NJ:

Apartment ListingModel NameBed/BathPriced From
324,339 and 431 Broadway339 BroadwayStudio,1BA$1,150
Freedom Village Senior 55+1 Bedroom1BR,1BA$1,398
42-52 Essex StOne Bedroom1BR,1BA$1,650

Best Value Apartments for Rent in Downtown Paterson, NJ

As of March 23, 2025 the best value apartment in the Downtown Paterson area is the $2.00 price per square foot 128 N 4th St Model at 128 N 4th St, Unit 1st fl in the in the Stoney Road neighborhood starting from $2,500. The second greatest value Downtown Paterson apartment is the B8 Model at Hedges at Hawthorne starting at $3,915 with a $3.20 price per square foot in the Stoney Road neighborhood. Here is today’s list of the best values for Downtown Paterson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
128 N 4th St, Unit 1st fl128 N 4th St3BR,1BA$2.00
Hedges at HawthorneB82BR,2BA$3.20
The Landings at Riverwalk2 Bed 2 Bath2BR,2BA$2.70
28 Bergen St, Unit 28 bergen st28 Bergen St2BR,1BA$2.10
Fair Lawn Promenade$3.55/sq.ft. - 1A.21BR,1BA$3.61
Haledon Estates ApartmentsLow Rise One Bedroom1BR,1BA$2.56
42-52 Essex StTwo Bedroom2BR,1BA$2.50
Freedom Village Senior 55+1 Bedroom1BR,1BA$2.08
Mill Street Square - 3318One Bedroom 80%1BR,1BA$3.02
324,339 and 431 Broadway339 BroadwayStudio ,1BA$2.67

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Frequently Asked Questions about Downtown Paterson

What type of rentals are currently available in Downtown Paterson?

There are currently 126 Apartments for Rent in Downtown Paterson, NJ with pricing that ranges from $1,275 to $6,300. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Paterson ranging from $1,450 to $3,399.

What is the current price range for Rental Homes in Downtown Paterson?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Paterson ranges from $1,450 to $3,399 with an average monthly rent of $2,396.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.