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.
As of October 2026, Paterson's rental market is stable, with rentals spending about 29 days on the market, about the same as in New Jersey (30), and rents down 3.0% over the past year. Paterson's average rent is 16.4% ($427) lower than the New Jersey average of $2,606 and 4.7% ($97) higher than the U.S. average of $2,082.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,744 | 0.24% ($4) | 1.8% ($32) |
| 2 Beds | $2,284 | 1.11% ($26) | 5.5% ($133) |
| 3 Beds | $2,476 | 0.88% ($22) | 8.4% ($227) |
| Nearby Cities | Average Rent | Avg. Rent vs. PatersonAverage Rent vs. Paterson | Days on Market |
|---|---|---|---|
| Totowa | $3,069 | 40.8% ($890) | 28 days |
| Haledon | $2,612 | 19.9% ($433) | 28 days |
| Hawthorne | $2,798 | 28.4% ($619) | 28 days |
| Fair Lawn | $3,054 | 40.2% ($875) | 28 days |
| Little Falls | $2,676 | 22.8% ($497) | 28 days |
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