Rentometer, Inc. | Data as of 10/22/2025
Paterson’s rental market offers a diverse mix of apartments and single‑family homes, appealing to students, young professionals, and families alike. The city’s historic downtown, with its vibrant arts scene and easy access to New York City via the NJ Transit, draws renters seeking an urban lifestyle. Neighborhoods such as the Prospect Street corridor and the Riverfront District provide a blend of modern lofts and classic brownstones, while quieter residential pockets like Totowa and South Paterson feature spacious houses with tree‑lined streets.
Apartment options range from efficient studios, which average around $1,235 with a median of $1,275, to larger three‑bedroom units that approach $2,227 in average rent, reflecting the demand for family‑friendly space close to schools and parks. For those preferring a house, the market offers one‑ to four‑plus bedroom homes, with three‑bedroom houses averaging $2,421 and median rents near $2,500, catering to renters who value private yards and additional living areas. Proximity to landmarks such as the Paterson Great Falls National Historical Park and the bustling Main Street shopping area adds to the appeal of these rentals.
Overall, Paterson’s rental landscape balances affordability with convenience, supported by a strong transportation network, diverse dining options, and cultural attractions. Whether you’re seeking a compact studio near the university district or a spacious family home in a leafy suburb, Paterson’s variety of rental properties and competitive price points make it a compelling choice for a wide range of tenants.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,235 | $1,275 | $850 - $1,550 | $1,200 - $1,300 |
| Apartment | 1 Bedroom | $1,574 | $1,600 | $595 - $2,400 | $1,500 - $1,750 |
| Apartment | 2 Bedroom | $2,114 | $2,185 | $1,300 - $4,490 | $1,700 - $2,400 |
| Apartment | 3 Bedroom | $2,226 | $2,300 | $900 - $2,700 | $2,200 - $2,500 |
| Apartment | 4+ Bedroom | $2,890 | $3,000 | $2,400 - $3,250 | $2,650 - $3,150 |
| House | 1 Bedroom | $1,825 | $1,725 | $1,450 - $3,000 | $1,600 - $1,800 |
| House | 2 Bedroom | $2,152 | $2,200 | $1,600 - $2,750 | $2,000 - $2,300 |
| House | 3 Bedroom | $2,421 | $2,500 | $1,600 - $2,950 | $2,200 - $2,600 |
| House | 4+ Bedroom | $2,900 | $2,850 | $2,200 - $3,700 | $2,700 - $3,700 |
In the current period, the average rent in Paterson was $1,529 for Studio, $1,643 for 1 Bedroom, $2,129 for 2 Bedroom, $2,356 for 3 Bedroom, and $2,894 for 4+ Bedroom.
Data provided by Rentometer, Inc.