Cheap Homes for Rent in Paterson, NJ from $1,400 (24 Rentals)

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

property at 67 Jersey St

67 Jersey St

PatersonNJ07501
property at 267 Fair St

267 Fair St

PatersonNJ07501
property at 36 N 8th St

36 N 8th St

PatersonNJ07522
property at 179 Michigan Ave

179 Michigan Ave

PatersonNJ07503

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

property at 364 River Dr

364 River Dr

GarfieldNJ07026

Paterson, NJ Local Guide

Cheapest Neighborhoods for Apartments in Paterson, NJ

Pricing Updated: 04/17/2025

Current apartment rentals in the Paterson, NJ area range in price from $1,040 to $5,747 with an overall median price of $3,503. The three Paterson neighborhoods with the lowest median rent pricing are Great Falls at $1,275, Lakeview at $1,275, and South Paterson at $1,275. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Paterson Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Great Falls$2,850$1,27541
Lakeview$2,900$1,27589
South Paterson$2,900$1,27579
Totowa$2,900$1,27531
Eastside Park$3,200$1,20060
Peoples Park$3,200$1,27589
Sandy Hill$3,250$1,27592
Hillcrest$3,300$1,27565
Stoney Road$3,300$1,27544
Manor$3,475$1,040125

Cheapest Available Paterson Apartments for Rent

 

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

Apartment ListingModel NameBed/BathPriced From
324,339 and 431 Broadway339 BroadwayStudio,1BA$1,150
Freedom Village Senior 55+1 Bedroom1BR,1BA$1,398
Martha Washington ApartmentsOne Bedroom Small1BR,1BA$1,595
59-63 Courtland StStudioStudio,1BA$1,600
Lafayette Park ApartmentsStudioStudio,1BA$1,700

Best Value Apartments for Rent in Paterson, NJ

As of April 17, 2025 the best value apartment in the Paterson area is the $1.30 price per square foot 223 Miller Ave Model at 223 Miller Ave in the in the Lakeview neighborhood starting from $2,600. The second greatest value Paterson apartment is the 171 Godwin Ave Model at 171 Godwin Ave, Unit 2 starting at $3,300 with a $1.65 price per square foot in the Stoney Road neighborhood. Here is today’s list of the best values for Paterson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
223 Miller Ave223 Miller Ave2BR,1BA$1.30
171 Godwin Ave, Unit 2171 Godwin Ave5BR,2BA$1.65
33 Fournier Cres33 Fournier Cres3BR,2BA$1.98
Fair Lawn Commons$2.69/sq.ft. - The Essex2BR,2BA$1.56
193 Temple St193 Temple St3BR,1BA$1.50
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
184 Lafayette St, Unit 2nd184 Lafayette St3BR,1BA$1.87
33 12th Ave, Unit 333 12th Ave3BR,2BA$1.92
75 Jersey St, Unit 75 B75 Jersey St2BR,1BA$1.79
18 N 7th St, Unit 118 N 7th St3BR,1.5BA$2.00

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Frequently Asked Questions about Paterson

What type of rentals are currently available in Paterson?

There are currently 800 Apartments for Rent in Paterson, NJ with pricing that ranges from $1,200 to $5,747. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paterson ranging from $1,450 to $6,200.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Paterson ranges from $1,450 to $6,200 with an average monthly rent of $2,803.

How much are larger Three and Four Bedroom Rentals in Paterson?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Paterson range from $2,000 to $5,325, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $4,100. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $2,400.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.