Homes & Apartments for Rent in 07524

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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 June 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 6.0% ($146) lower than the New Jersey average of $2,449 and 28.2% ($506) higher than the U.S. average of $1,797.

Average Rent
$2,303
Monthly ChangeMonth Over Month Change
Increased9.8% ($205)
Yearly ChangeYear Over Year Change
Increased44.5% ($709)
Avg. Days on MarketAverage Days on Market
41
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,045 Increased15.2% ($270) Increased42.3% ($608)
2 Beds $2,511 Increased14.8% ($323) Increased56.8% ($910)
3 Beds $3,380 Increased12.1% ($364) Increased69.9% ($1391)
Nearby Cities Average Rent Avg. Rent vs. PatersonAverage Rent vs. Paterson Avg. Days on MarketAverage Days on Market
Hawthorne $1,912 Decreased17% ($391) 41 days
Fair Lawn $2,692 Increased16.9% ($389) 49 days
Saddle Brook $2,757 Increased19.7% ($454) 46 days
Garfield $2,230 Decreased3.2% ($73) 44 days
Clifton $2,332 Increased1.3% ($29) 39 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 $2,303 per month.
Homes in Paterson typically rent for between $1,432 and $4,394 per month, with an average of $2,303 per month.
In Paterson, the average rent for a 1-bedroom home is $2,045 per month, for a 2-bedroom home, $2,511 per month, and a 3-bedroom home is $3,380 per month.
The average rent in Paterson is 28.2% ($506) higher than the national average of $1,797 per month.
The average rent in Paterson has increased by 9.8% ($205) in the last month and increased by 44.5% ($709) 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 41 rental properties available in Paterson, NJ.
Based on the current averages, a household would need an annual income of $100,440 to comfortably afford a 2-bedroom home in Paterson.
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