Paterson, NJ Rental Market Trends

Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Average rent in Paterson, NJ

Last updated: October 19, 2025

Paterson, NJ rent trends

Rental prices in Paterson, NJ have increased by 3.44% over the past year. The average rent moved from $1,667 to $1,724.

What's the typical rent budget in Paterson, NJ?

The largest share of rentals in Paterson, NJ (44%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Paterson, NJ?

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Paterson, NJ By Neighborhood

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Paterson | Rent Comparison by Neighborhood

Neighborhood
vs.

Rent in Eastside Paterson is 4% lower than in Manor

$1,889

Eastside Paterson rent is 10% higher than Paterson average

Average Rent $1,889
$1,962

Manor rent is 14% higher than Paterson average

Average Rent $1,962

How Paterson Compares to Other Cities

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Paterson apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.