Last updated
Average Rent in Paterson NJ & Rent Trends
Rent prices and market trends across 2 apartment communities in Paterson NJ. Updated daily.
Market Average
$2,811/mo
▲ +0.9% from last month
Lowest Available
$2,529/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
10
available now
Rent by Neighborhood in Paterson NJ
Compare average rent across Paterson NJ neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Radburn | $3,961 | $3,095 | 1 | 10 |
| Paterson 07508 | $2,939 | $2,529 | 1 | 16 |
Is Rent Going Up or Down in Paterson NJ?
As of May 2026, the average rent in Paterson NJ is $2,811 per month across 2 apartment communities and 10 available units. Rents have increased $29 (0.9%) over the past month.
The most affordable option is Molly Brook on Belmont starting at $2,529/mo. By unit type, a 1-bedroom averages $2,811/mo.
Prices range from $2,529 to $3,245 per month. The most common price point is the $2,600 range, where 6 units are currently listed.
Paterson NJ Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Paterson NJ
Rent Prices by Apartment in Paterson NJ
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Molly Brook on Belmont | $2,529/mo | $2,660/mo | 7 | 3.9 |
| Fair Lawn Promenade | $3,095/mo | $3,162/mo | 3 | 4.5 |
Google Search Trends for Paterson NJ Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Paterson NJ
What is the average rent in Paterson NJ?
Is rent going up or down in Paterson NJ?
What is the cheapest apartment in Paterson NJ?
How much is a 1-bedroom apartment in Paterson NJ?
How many apartments are available in Paterson NJ?
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
$112,000/year
30 percent rule -- using our average rent of $2,811/mo.
Comfortable income
$135,000/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 60% 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) | $2,811 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $7,519/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.
Explore Paterson NJ Apartments
Browse all 2 communities with daily-updated pricing and availability.