Average Rent in 07503, Paterson, NJ

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Current Versus Historical 07503, Paterson, NJ Rents

07503 rentals average $1,975 for a 1-bedroom rental to $3,100 for a 4-bedroom rental. The median price of all currently available listings is $2,500, or roughly $30 per square feet.

For the apartment units and housing in October 2026, median rents have risen substantially over the last year. Studio rentals prices have decreased by $4 (-0.27%) year-over-year from $1,554 to $1,550. 1-bedroom rentals prices have increased by $242 (13.94%) year-over-year from $1,733 to $1,975. 2-bedroom rentals prices have decreased by $133 (-5.97%) year-over-year from $2,233 to $2,100. 3-bedroom rentals prices have increased by $233 (9.86%) year-over-year from $2,367 to $2,600. 4-bedroom rentals prices have decreased by $1,255 (-31.72%) year-over-year from $3,955 to $2,700. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 0.63% this month. 2-bedroom rents have gone down by 8.36% this month. 3-bedroom rents have gone down by 3.70% this month. 4-bedroom rents have gone down by 1.82% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	N/A	$1,975	$1,733 (13.94%)	$1,600 (23.44%)
2 BR	$30.65	$2,100	$2,233 (-5.97%)	$2,350 (-10.64%)
3 BR	$25.06	$2,600	$2,367 (9.86%)	$2,250 (15.56%)
4+ BR	N/A	$2,700	$3,955 (-31.72%)	$2,741 (-1.51%)

Historical Rents in 07503, Paterson, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 07503

There are a total of 6 cities nearby 07503. The average rent in 07503 is currently $2,400 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Passaic, NJ, with an average rent of $2,175, is the most affordable city nearby. In contrast, the most expensive city near 07503, Paterson, NJ is Hackensack, NJ. Monthly rents here are on average $2,700 per month.

Let's compare 07503, Paterson, NJ's rent against other top cities nearby by bedroom size. One bedrooms are about 8.85% more expensive. Two bedrooms in 07503, Paterson, NJ are about 6.77% more expensive. Finally, rent for three bedrooms are about 12.50% more affordable. Want more information? Check out the top 6 cities near 07503, Paterson, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
Passaic, NJ	$1,600	$1,801	$2,129	$2,175
Lodi, NJ	N/A	$1,925	$2,300	$2,300
Paterson, NJ	$1,200	$1,800	$2,200	$2,400
Clifton, NJ	$1,800	$1,750	$2,275	$2,400
Garfield, NJ	$55,000	$1,800	$2,200	$2,450
Hackensack, NJ	$1,700	$1,963	$2,760	$2,700

Top Neighborhoods Near 07503

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 07503

There are a total of 1 counties located by 07503, Paterson, NJ. One county in the area is Bergen, NJ. The average rent for rentals in these counties is $2,999. That's roughly around $33 per sqft. The county that is the most affordable is Bergen, NJ. Its average rent per month is $2,999. Vice versa, with an average rent of $2,999, Bergen, NJ is the most expensive county by 07503, Paterson, NJ.

In comparison, rent for one bedroom listings in 07503, Paterson, NJ is 6.33% more affordable than other counties nearby. Finally, rent for two bedrooms in 07503, Paterson, NJ is 12.50% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Bergen, NJ	$1,700	$2,100	$2,700	$2,999

Top Zipcodes Near 07503

There are a total of 2 zipcodes in or near 07503, Paterson, NJ. The average rent for all of these zipcodes is $2,575. One zipcode has an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07026, Garfield, NJ at $2,450 per month. In comparison, the zipcode with the most expensive average rent of $2,700 per month is 07601, Hackensack, NJ.

Studios in these zipcodes have an average rent of $28,350. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 07503, Paterson, NJ is $1,881 per month. Meanwhile, two bedroom apartments will cost you an average of $2,480 per month. Which comes out to $28 per sqft. The following table includes the top 2 zipcodes in 07503, Paterson, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
07026, Garfield, NJ	$55,000	$1,800	$2,200	$2,450
07601, Hackensack, NJ	$1,700	$1,963	$2,760	$2,700

Frequently Asked Questions - 07503 Average Rents

What is the average rent price in 07503, Paterson, NJ?

The average monthly rental price for 07503, Paterson, NJ apartments for rent is approximately $2,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 07503, Paterson, NJ rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 07503, Paterson, NJ.

How much is a one bedroom apartment in 07503, Paterson, NJ?

The average monthly rental price for one bedroom apartments is $1,975. There are a total of 2 one bedroom apartment listings currently available for rent in 07503.

How much is a two bedroom apartment in 07503, Paterson, NJ?

The average monthly rental price for two bedroom apartments is $2,400 and an average price per square feet of $30.65. There are a total of 11 two bedroom apartment listings currently available for rent in 07503.

How have rent prices in 07503, Paterson, NJ changed this year?

Rent prices for rentals in 07503, Paterson, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by -0.06%, three bedroom rental prices have changed by 0.10% year-over-year.

What is a reasonable rent price in 07503, Paterson, NJ?

A reasonable rent price in 07503, Paterson, NJ is around $2,000/month. You can search for these reasonably priced rental listings on RentHop.