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Viewing 1-17 of 17 rentals in Paterson
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 2025, Paterson's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Paterson's average rent is 35.0% ($860) lower than the New Jersey average of $2,454 and 10.7% ($190) lower than the U.S. average of $1,784.
Average Rent
$1,594
Monthly ChangeMonth Over Month Change
1.8% ($30)
Yearly ChangeYear Over Year Change
4.6% ($77)
Avg. Days on MarketAverage Days on Market
41
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,437 | 2.1% ($29) | 17.1% ($210) |
| 2 Beds | $1,601 | 1% ($16) | 2.2% ($35) |
| 3 Beds | $1,989 | 1.8% ($36) | 14.1% ($327) |
| Nearby Cities | Average Rent | Avg. Rent vs. PatersonAverage Rent vs. Paterson | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Elmwood Park | $2,369 | 48.6% ($775) | 45 days |
| Fair Lawn | $2,599 | 63% ($1005) | 49 days |
| Saddle Brook | $2,837 | 78% ($1243) | 46 days |
| Garfield | $2,295 | 44% ($701) | 44 days |
| Clifton | $2,341 | 46.9% ($747) | 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 $1,594 per month.
Homes in Paterson typically rent for between $1,006 and $2,586 per month, with an average of $1,594 per month.
In Paterson, the average rent for a 1-bedroom home is $1,437 per month, for a 2-bedroom home, $1,601 per month, and a 3-bedroom home is $1,989 per month.
The average rent in Paterson is 10.7% ($190) lower than the national average of $1,784 per month.
The average rent in Paterson has decreased by 1.8% ($30) in the last month and decreased by 4.6% ($77) 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 17 rental properties available in Paterson, NJ.
Based on the current averages, a household would need an annual income of $64,040 to comfortably afford a 2-bedroom home in Paterson.
