Homes & Apartments for Rent in 07501

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What to Know About

Life in Paterson & Beyond

Paterson shares many of the great qualities that make New Jersey a desirable place to live.

New Jersey is known for its beaches along the Jersey Shore to some of the most iconic landmarks in the nation, such as the Liberty Bell, the Statue of Liberty, and Ellis Island. From the bustling streets of Newark to the picturesque shorelines of Cape May, New Jersey is a state unlike any other. Discover its dynamic culture and rich heritage by visiting iconic landmarks like Liberty State Park and the Ellis Island National Museum of Immigration. And for those seeking knowledge, New Jersey is home to renowned universities like Rutgers University and Princeton University.

Whether you're an outdoor enthusiast or a sports fan, New Jersey has plenty to offer, including the New York Giants (NFL), New York Jets (NFL), New Jersey Devils (NHL), and the New Jersey Nets (NBA). Enjoy the beautiful coastline by fishing, surfing, or sailing, and hit the slopes of nearby mountains. Make sure to visit famous attractions like the Atlantic City Boardwalk, the Camden Waterfront, and the historic town of Cape May.

A state that never stops moving, New Jersey is a melting pot of cultures, experiences, and opportunities waiting to be experienced, making it a great place to call home.

Rental Market Trends

Paterson, NJ

As of September 2026, Paterson's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Paterson's average rent is 17.9% ($450) lower than the New Jersey average of $2,519 and 14.4% ($261) higher than the U.S. average of $1,808.

Average Rent
$2,069
Monthly ChangeMonth Over Month Change
Decreased0.7% ($15)
Yearly ChangeYear Over Year Change
Increased24.6% ($409)
Avg. Days on MarketAverage Days on Market
41
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,810 Decreased1.1% ($21) Increased44% ($553)
2 Beds $2,234 Decreased1.4% ($32) Increased38.6% ($622)
3 Beds $2,917 Decreased4.4% ($135) Increased18% ($445)
Nearby Cities Average Rent Avg. Rent vs. PatersonAverage Rent vs. Paterson Avg. Days on MarketAverage Days on Market
Haledon $2,550 Increased23.2% ($481) 38 days
Hawthorne $1,912 Decreased7.6% ($157) 41 days
Fair Lawn $2,845 Increased37.5% ($776) 49 days
Saddle Brook $2,899 Increased40.1% ($830) 46 days
Garfield $2,236 Increased8.1% ($167) 44 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Paterson Rental Market FAQs

Explore rental prices, market trends, and availability in Paterson, NJ.

The average rent in Paterson, NJ is $2,069 per month.
Homes in Paterson typically rent for between $1,267 and $3,792 per month, with an average of $2,069 per month.
In Paterson, the average rent for a 1-bedroom home is $1,810 per month, for a 2-bedroom home, $2,234 per month, and a 3-bedroom home is $2,917 per month.
The average rent in Paterson is 14.4% ($261) higher than the national average of $1,808 per month.
The average rent in Paterson has decreased by 0.7% ($15) in the last month and increased by 24.6% ($409) over the past year.
The rental market in Paterson, NJ, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Paterson, NJ, the average rental stays on the market for approximately 41 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 51 rental properties available in Paterson, NJ.
Based on the current averages, a household would need an annual income of $89,360 to comfortably afford a 2-bedroom home in Paterson.
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