Average Rent in Paterson, NJ and Rent Price Trends

Rent price trends in
Paterson, NJ

Rent price trends

Rent prices for all bedroom counts and property types in Paterson, NJ have increased by 5% in the last month and have decreased by 10% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Paterson, NJ
The monthly rent for an apartment in Paterson, NJ is $2,000. A 1-bedroom apartment in Paterson, NJ costs about $1,650 on average, while a 2-bedroom apartment is $1,950. Houses for rent in Paterson, NJ are more expensive, with an average monthly cost of $2,500.


1 bedroom	$1,625	No Change	1%
2 bedroom	$2,000	No Change	7%
3 bedroom	$2,400	No Change	6%
4 bedroom	$2,800	4%	1%
Studio	$1,825	4%	1%

		Comparables
Downtown Paterson	$1,900
Eastside	$2,061
Hillcrest	$2,150
Old Great Falls Historic District	$2,337
Riverside	$2,397
South Paterson	$1,850


Apartments	$2,000	No Change	No Change
Condos	$2,100	13%	No Change
Houses	$2,500	2%	No Change
Rooms	$650	28%	-

Studio

Average rent

$1,825

Last 30 days

Last year

1 bedroom

Average rent

$1,625

Last 30 days

No Change

Last year

2 bedroom

Average rent

$2,000

Last 30 days

No Change

Last year

3 bedroom

Average rent

$2,400

Last 30 days

No Change

Last year

4 bedroom

Average rent

$2,800

Last 30 days

Last year

The table above reflects average rent prices in Paterson, NJ, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Paterson, NJ to other cities

Median rent prices in Paterson, NJ for all bedroom counts and property types compared to Belleville, NJ.

Paterson

Median rent price$2,061

higher than the national median

Median rent price$2,300

18%

higher than the national median

Takeaway

The median rent for all rentals in Paterson, NJ is 10% lower than the median rent in Belleville, NJ.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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