Paterson, NJ Rental Market Trends
Last updated: April 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Paterson is $1,741, a 2.69% increase compared to the previous year, when the average rent was $1,696.
Studio Apartments at $1,564 offer the most budget-friendly option with 382 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 623 square feet for $1,546, balancing privacy and affordability.
Two-beedroom units at $2,037 offer 774 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (800 sq ft) for $2,240, suitable for larger households.
Average rent in Paterson, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,741 | 677 sq. ft. |
| Studio | $1,564 | 382 sq. ft. |
| 1 Bed | $1,546 | 623 sq. ft. |
| 2 Beds | $2,037 | 774 sq. ft. |
| 3 Beds | $2,240 | 800 sq. ft. |
Paterson, NJ rent trends
Rental prices in Paterson, NJ have increased by 2.69% over the past year. The average rent moved from $1,696 to $1,741.
What's the typical rent budget in Paterson, NJ?
The largest share of rentals in Paterson, NJ (46%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Paterson, NJ?
36,661 or 74% of the households in Paterson, NJ are renter-occupied while 13,027 or 26% are owner-occupied.
Most affordable neighborhoods in Paterson?
Totowa $1,396/month
Eastside Paterson $1,935/month
Paterson Lakeview $1,966/month
All of these neighborhoods fall below the city wide average of $1,741/month.Average Rent in Paterson, NJ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| South Paterson | $2,492 |
| Riverside | $2,084 |
| Paterson Lakeview | $1,966 |
| Eastside Paterson | $1,935 |
| Totowa | $1,396 |
Paterson | Rent Comparison by Neighborhood
Rent in Eastside Paterson is 2% lower than in Paterson Lakeview
Eastside Paterson rent is 11% higher than Paterson average
Paterson Lakeview rent is 13% higher than Paterson average
How Paterson Compares to Other Cities
| City | Average Rent |
|---|---|
| Paterson | $1,741 |
| Jersey City | $3,715 |
| Jersey Shore | $2,158 |
| Newark | $1,727 |
| Elizabeth | $1,876 |
| East Orange | $1,893 |
| Bayonne | $2,570 |
| Hoboken | $4,493 |
| Camden | $1,440 |
| Summit | $2,938 |
| Trenton | $1,511 |
| Hackensack, NJ | $2,590 |
| Passaic, NJ | $1,878 |
| Clifton, NJ | $2,249 |
| Garfield, NJ | $2,237 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Paterson apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.