Average Rent in Paterson NJ
5 apartment buildings, 26 units. Real asking prices, refreshed daily.
Avg Rent
$3,332/mo
Cheapest
$2,529/mo
Properties
5
Units
26
Analysis
Rent Price Breakdown
Compare pricing across all 5 properties in Paterson NJ.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Paterson NJ Rent Prices
All 5 properties ranked by lowest available rent.
Molly Brook on Belmont
920 Belmont Ave, North Haledon, NJ 07508, USA
Fair Lawn Promenade
16-31 NJ-208, Fair Lawn, NJ 07410, USA
Avalon Wayne
1453 Valley Rd, Wayne, NJ 07470, USA
Manchester Village Apartments
20 Salisbury Rd Apartment A, Wayne, NJ 07470, USA
Mill Street Square Apartments
9 Mill St, Paterson, NJ 07501, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Molly Brook on Belmont 920 Belmont Ave, North Haledon, NJ 07508, USA | $2,529 | $2,939 | $2.98 | 3.9 | 16 |
| 2 | Fair Lawn Promenade 16-31 NJ-208, Fair Lawn, NJ 07410, USA | $3,095 | $3,961 | $6.50 | 4.5 | 10 |
| 3 | Avalon Wayne 1453 Valley Rd, Wayne, NJ 07470, USA | -- | -- | -- | 4.9 | 0 |
| 4 | Manchester Village Apartments 20 Salisbury Rd Apartment A, Wayne, NJ 07470, USA | -- | -- | -- | 4.1 | 0 |
| 5 | Mill Street Square Apartments 9 Mill St, Paterson, NJ 07501, USA | -- | -- | -- | 3.1 | 0 |
Explore Each Property
Molly Brook on Belmont
3.9920 Belmont Ave, North Haledon, NJ 07508, USA
Fair Lawn Promenade
4.516-31 NJ-208, Fair Lawn, NJ 07410, USA
Avalon Wayne
4.91453 Valley Rd, Wayne, NJ 07470, USA
Manchester Village Apartments
4.120 Salisbury Rd Apartment A, Wayne, NJ 07470, USA
Mill Street Square Apartments
3.19 Mill St, Paterson, NJ 07501, USA
Paterson NJ Average Rent Prices 2026
The average rent in Paterson NJ is $3,332 per month, based on 26 units across 5 apartment communities. Prices range from $2,529 at Molly Brook on Belmont to $3,095 at Fair Lawn Promenade.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $2,811/mo | $2,529/mo | 10 |
| 2 Bed | $3,481/mo | $3,059/mo | 14 |
| 3 Bed | $4,895/mo | $4,870/mo | 2 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Paterson NJ, and what they pay
Tracked one-bedroom rent in Paterson NJ averages $2,811/mo, with two-bedroom units averaging $3,481/mo. At the local median household income of $53,766, that works out to 74% of gross income, a severely rent-burdened market by HUD standards.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Paterson NJ at $1,457/mo. The current tracked market average runs 129% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Paterson NJ while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Paterson NJ?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$133,000/year
30 percent rule -- using our average rent of $3,332/mo.
Comfortable income
$160,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,529/mo), you need to earn at least $101,000/year.
Median household income in Paterson NJ is $53,766 , about 66% below the comfortable-living threshold.
Cost of living in Paterson NJ
Overall prices in Paterson NJ runs above the national average by about 13% (BEA Regional Price Parity index 112.6, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Paterson NJ's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,332 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $8,040/mo |
Population
157,660
Median household income
$53,766
Census median rent
$1,457/mo
Rent as % of income
35.2%
Median age
33.3
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in New Jersey
How Paterson NJ rent compares to other markets in the state.
| City | Avg Rent | vs Paterson NJ | Properties |
|---|---|---|---|
| Elizabeth, NJ | $2,685 | -19% | 6 |
Frequently asked questions
What is the average rent in Paterson NJ?
The average rent in Paterson NJ is $3,332 per month, based on 26 units across 5 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Paterson NJ?
The lowest available rent in Paterson NJ starts at $2,529 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Paterson NJ?
1-bedroom apartments in Paterson NJ average $2,811/mo. The lowest listed 1-bedroom starts at $2,529/mo across 10 units tracked.
How much is a 2-bedroom apartment in Paterson NJ?
2-bedroom apartments in Paterson NJ average $3,481/mo. Units start from $3,059/mo across 14 units currently listed.
Rent Trends in Paterson NJ
Track how apartment prices are changing over time.
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