17 Hours Ago
Location
40 Park Ave, Paterson, NJ 07501, USA|Eastside
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Property Overview
40-42 Park Ave presents an impressive overall rating of 8.3 out of 10, showcasing its appeal as an exceptional rental choice with competitively priced offerings. The property enjoys a notable location rating of 9 out of 10, ensuring convenience to essential amenities, while its amenities rating of 8 out of 10 underscores its high standard of living. Additionally, it is identified as being in the top percentile for value, especially with a top-rated middle school nearby, and demonstrates a commendable trustworthiness rating of 7 out of 10, reflecting transparency in its presentation.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Middle school nearby
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 800 sqft | $1,650 /mo | 1 unit available | ||
| 3BR/1.0BA | 3 bed | 1 bath | 800 sqft | $2,050 /mo | 1 unit available |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 12 |
|---|
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About 40-42 Park Ave
40-42 Park Ave cost $1,650 –$2,050 per month. Located at 40 Park Ave, Paterson, NJ 07501, USA, 40-42 Park Ave has 2 — 3 bedroom units available. Based on the average rent price of 3 bedrooms in Paterson, renting an apartment at 40-42 Park Ave is 13% cheaper per month.Other apartment buildings in or around Paterson include but are not limited to: 70 Berkshire Pl, 572 Main St, 100 Sterling Blvd, 5 Sutton Pl
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 40-42 Park Ave is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 40-42 Park Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
40-42 Park Ave offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 40-42 Park Ave is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
40-42 Park Ave is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 40-42 Park Ave does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
40-42 Park Ave provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 40-42 Park Ave compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.1 mile away
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Rent trends in Eastside
If you decide to upgrade your space, you can expect 2-bedrooms at 40-42 Park Ave to be 13% less than the average for similarly sized apartments in Eastside.
3-bedroom apartments at 40-42 Park Ave cost about 13% less than the average rent price for 3-bedroom apartments in Eastside.
Median rents as of Jan 31 2026.
Eastside
Paterson
| Month | Median Rent |
|---|---|
| February 2024 | $1,650 |
| March 2024 | $1,705 |
| April 2024 | $1,637 |
| May 2024 | $1,166 |
| June 2024 | $1,210 |
| July 2024 | $1,250 |
| August 2024 | $1,250 |
| October 2024 | $1,550 |
| November 2024 | $1,640 |
| December 2024 | $1,500 |
| January 2025 | $1,475 |
| February 2025 | $1,340 |
| March 2025 | $1,260 |
| April 2025 | $1,100 |
| May 2025 | $1,200 |
| July 2025 | $1,243 |
| August 2025 | $1,207 |
| September 2025 | $1,445 |
| October 2025 | $1,350 |
| November 2025 | $1,350 |
| December 2025 | $1,337 |
| January 2026 | $1,292 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,472 |
| December 2024 | $1,200 |
| January 2026 | $1,200 |
Affordability calculator
Can I afford to live at 40 Park Ave?
Bedrooms
Rent-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
$66,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $66,000 annually to afford this 2-bedrooms monthly rent price of $1,650.
For more information on rent affordability, visit our rent calculator.
Schools near 40-42 Park Ave
Alexander Hamilton Academy
11 27 16th ave
paterson, NJ, 7501
K-8Public
C-
Edward W. Kilpatrick School of Discovery
295-315 ellison st
paterson, NJ, 7501
PK, K-3Public
C-
Dale Avenue School
21 dale ave
paterson, NJ, 7501
PK, K-2Public
C
Norman S. Weir Elementary School
152 college blvd
paterson, NJ, 7505
K-8Public
C+
Roberto Clemente School
434 rosa parks blvd
paterson, NJ, 7501
K-5Public
C-
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Internet available near 40-42 Park Ave
Getting around Paterson near 40 Park Ave
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
8/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 40 Park Ave, Paterson
Groceries
9/10
At least one supermarket within a 5-minute walk
Shopping
8/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
8/10
Variety of restaurants within a few minutes' walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
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