Cheap Homes for Rent in Paterson, NJ from $1,400 (17 Rentals)

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Cheap Homes in Paterson.

property at 67 Jersey St

67 Jersey St

PatersonNJ07501
property at 36 N 8th St

36 N 8th St

PatersonNJ07522

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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.

Paterson, NJ Local Guide

Cheapest Neighborhoods for Apartments in Paterson, NJ

Pricing Updated: 05/07/2025

Current apartment rentals in the Paterson, NJ area range in price from $950 to $5,712 with an overall median price of $3,419. The three Paterson neighborhoods with the lowest median rent pricing are Stoney Road at $1,275, Great Falls at $1,275, and Hillcrest at $950. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Paterson Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Stoney Road$2,620$1,27551
Great Falls$2,685$1,27550
Hillcrest$2,800$95076
Totowa$2,800$95039
Eastside Park$3,200$1,39844
Peoples Park$3,200$1,27584
Sandy Hill$3,200$1,27591
Manor$3,400$1,275116
Lakeview$3,675$1,27575
South Paterson$3,675$1,27594

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
42-52 Essex StOne Bedroom1BR,1BA$1,650

Best Value Apartments for Rent in Paterson, NJ

As of May 07, 2025 the best value apartment in the Paterson area is the $1.32 price per square foot 160 6th Ave Model at 160 6th Ave, Unit 2nd Floor Apartment in the in the Maple Valley neighborhood starting from $3,950. The second greatest value Paterson apartment is the 22 John St Model at 22 John St, Unit 2 floor starting at $2,200 with a $0.87 price per square foot in the Lakeview 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.
160 6th Ave, Unit 2nd Floor Apartment160 6th Ave4BR,4BA$1.32
22 John St, Unit 2 floor22 John St2BR,1BA$0.87
274 Getty Ave, Unit 1274 Getty Ave3BR,1BA$1.10
Fair Lawn Commons$2.78/sq.ft. - The Essex2BR,2BA$1.62
76 Renaissance Dr, Unit 2nd Floor76 Renaissance Dr3BR,2BA$1.88
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
37 Rutherford Ct37 Rutherford Ct2BR,1BA$1.47
75 Jersey St, Unit 75 B75 Jersey St2BR,1BA$1.79
343 Hazel St343 Hazel St2BR,1BA$1.76
Freedom Village Senior 55+1 Bedroom1BR,1BA$2.08

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Frequently Asked Questions about Paterson

What type of rentals are currently available in Paterson?

There are currently 805 Apartments for Rent in Paterson, NJ with pricing that ranges from $950 to $5,712. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paterson ranging from $1,450 to $7,000.

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 $7,000 with an average monthly rent of $3,151.

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 $2,100 to $5,540, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,250 to $7,000. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $2,500.

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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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.