Apartments in 07501

1 - 7 of 7 Results
13
$2,250
Paterson, NJ
4 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Peoples Park
2
$1,550 - 1,600
Paterson, NJ
2 BR | Available Now
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Heat Included
Cat Friendly
Storage
Disability Access
Peoples Park
0
$1,600
Paterson, NJ
2 BR | Available Now
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Heat Included
Cat Friendly
Storage
0
$750
Paterson, NJ
Studio | Available Now
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Heat Included
Storage
Peoples Park
1
$1,600 - 1,850
Paterson, NJ
2 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
Sandy Hill
0
$1,550
Paterson, NJ
1 BR | Available Now
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Cat Friendly
Storage
Disability Access
Peoples Park
3
$995
Paterson, NJ
Studio | Available Now
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Cat Friendly
Storage
Disability Access
Dishwasher
Peoples Park
1 - 7 of 7 Results
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How much does it cost to rent an apartment in 07501?

07501 apartments
Bed Type Average Rent Range
Studio $870 $750 - $1,000
1BR $1,550 $1,550 - $1,550
2BR $1,600 $1,550 - $2,200
Find an Apartment in 07501
Looking for apartments for rent near Paterson, NJ? Look no further than the 07501 zip code! Currently, there are 11 units available in this area on Rentable. The average rent in 07501 is $1,600 with the most affordable floor plan type starting at $750.

Peoples Park is one of the top neighborhoods in 07501. This charming community offers a variety of amenities and is a great place to call home. Nearby, you'll find several parks where you can enjoy outdoor activities and relax. With its convenient location, 07501 is also close to various points of interest, making it a desirable place to live.

Are you ready to find your next apartment in the 07501 zip code? Explore Rentable's apartments near 07501 and discover the perfect place that fits your needs and budget. Start your search today and make 07501 your new home in Paterson, NJ!

Paterson:
April Rent Report

Welcome to the April 2024 Paterson Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Paterson rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Paterson and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Paterson average rent prices in the chart below.

Monthly Rent Report

$4,300
$3,230
$2,150
$1,080
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Paterson Rent Prices Decrease From March to April

Paterson rent prices decreased over the last month. From March to April, the city experienced a -5.09% decrease for the price of a one-bedroom apartment. The rent price for a Paterson one-bedroom apartments currently stands at $1,566.0.

When we take a look at the two-bedroom comparison from March to April, Paterson experienced a -21.76% decrease for the price of a two-bedroom apartment. The rent price for a Paterson two-bedroom apartments currently stands at $1,773.0.

April Prices: Paterson vs. Surrounding Areas

Rent Prices in Paterson and Surrounding Areas

Rent prices have decreased in Paterson over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Paterson suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Paterson suburbs

  • Rents did not decrease in any of the Paterson suburbs.

April 2024 Pricing Trends: Paterson vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Paterson Rent Prices More Affordable Than Major Cities

Rent growth in Paterson over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Paterson average rent prices appear to be relatively affordable for local residents.

The price for a Paterson one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Paterson and surrounding area rent prices, take a look at the complete data set below.

Data set for Paterson and suburbs

1 BR April 1 BR M/M % Change 2 BR April 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.