4 Days Ago
Location
242 Spring St #501, Paterson, NJ 07503, USA|South Paterson
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Property Overview
Located in a vibrant area, the property offers modern amenities and convenient access to public transportation. It presents a unique opportunity for those seeking a connected urban lifestyle while enjoying the comforts of contemporary living. Its proximity to local shopping and dining options enhances the overall appeal for diverse residents.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Middle school nearby
- High school nearby
Great for
Work-from-home
Amenities for 242 Spring St #501, South Paterson
Apartment Amenities
| Freezer | Linoleum Vinyl |
| Utilities Included | Water |
Appliances
| Dishwasher | In-Unit Laundry |
| Refrigerator |
Tech
| Wired For Internet |
Building
| Intercom | Sewage |
| Wall |
Grounds
| Garage Parking |
Services
| Garbage |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 242 Spring St #501
Property Id: 2253096 Welcome to your new home at 242 SPRING ST in PATERSON! This charming 2 bedroom, 1 bathroom apartment boasts modern amenities including a dishwasher, refrigerator, and shared washer/dryer. Enjoy the convenience of a shared garage and wired internet. Rent for $2450/mo with utilities included. No pets allowed. Book your viewing today!
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 242 Spring St #501 compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 138 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 1 mile away
- High school nearby
- There is a high school 1 mile away
- Elementary school nearby
- There is an elementary school 0.1 mile away
- Covered parking
- Garage, covered, or indoor parking is available at this address
- Dishwasher
- Kitchens at this address include dishwashers
- Images available
- There are at least 10 photos of this address
Address details
| Neighborhood | South Paterson |
|---|---|
| Zip code | 07503 |
| Type | Apartment for rent |
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Rent trends in South Paterson
2-bedroom apartments at 242 Spring St #501 cost about 2% more than the average rent price for 2-bedroom apartments in Paterson.
Median rents as of Feb 28 2026.
South Paterson
Paterson
| Month | Median Rent |
|---|---|
| March 2024 | $2,033 |
| April 2024 | $1,987 |
| May 2024 | $1,933 |
| June 2024 | $2,161 |
| July 2024 | $2,236 |
| August 2024 | $2,206 |
| September 2024 | $2,143 |
| October 2024 | $2,100 |
| November 2024 | $2,170 |
| December 2024 | $2,306 |
| January 2025 | $2,287 |
| February 2025 | $2,268 |
| March 2025 | $2,290 |
| April 2025 | $2,212 |
| May 2025 | $2,220 |
| June 2025 | $2,200 |
| July 2025 | $2,200 |
| August 2025 | $2,182 |
| September 2025 | $2,150 |
| October 2025 | $2,000 |
| November 2025 | $2,000 |
| December 2025 | $2,000 |
| January 2026 | $2,000 |
| February 2026 | $2,039 |
| Month | Median Rent |
|---|---|
| March 2024 | $2,250 |
| April 2024 | $2,100 |
| May 2024 | $1,900 |
| June 2024 | $2,170 |
| October 2024 | $2,450 |
| November 2024 | $2,425 |
| December 2024 | $2,268 |
| January 2025 | $2,093 |
| February 2025 | $2,200 |
| March 2025 | $2,380 |
| April 2025 | $2,200 |
| May 2025 | $2,300 |
| June 2025 | $2,350 |
| July 2025 | $2,400 |
| August 2025 | $2,400 |
| September 2025 | $2,380 |
| October 2025 | $2,300 |
| November 2025 | $2,080 |
| December 2025 | $2,400 |
| January 2026 | $2,400 |
| February 2026 | $2,350 |
Affordability calculator
Can I afford to live at 242 Spring St #501?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$98,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $98,000 annually to afford this 2-bedrooms monthly rent price of $2,450.
For more information on rent affordability, visit our rent calculator.
Schools near 242 Spring St #501
School No. 8
35 chadwick st
paterson, NJ, 7503
K-8Public
D+
School No. 3
448 main st
paterson, NJ, 7501
K-8Public
D+
Early Childhood Center of the Paterson
90 martin st
paterson, NJ, 7501
PKPublic
School 16
11 22nd ave
paterson, NJ, 7513
PK, K-8Public
D+
Dr. Hani Awadallah School
515 marshall st
paterson, NJ, 7503
PK, K-8Public
C-
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Internet available near 242 Spring St #501
Getting around Paterson near 242 Spring St #501
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
6/10
This area is close to freeways and has adequate parking options.
Transit
6/10
Frequent public transit options are within walking distance.
Points of interest for 242 Spring St #501, Paterson
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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Check availability
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