Average Rent in Paterson, NJ

Paterson rentals average $1,900 for a studio rental to $2,500 for a 4-bedroom rental. The median price of all currently available listings is $2,000, or roughly $0 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $1,083 (89.04%) year-over-year from $1,217 to $2,300. 1-bedroom rentals prices have increased by $442 (32.52%) year-over-year from $1,358 to $1,800. 2-bedroom rentals prices have increased by $210 (11.73%) year-over-year from $1,790 to $2,000. 3-bedroom rentals prices have increased by $200 (9.52%) year-over-year from $2,100 to $2,300. 4-bedroom rentals prices have increased by $300 (12.00%) year-over-year from $2,500 to $2,800. 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 up by 11.29% this month. 1-bedroom rents have gone up by 7.46% this month. 2-bedroom rents have gone up by 4.35% this month. 3-bedroom rents have gone down by 5.48% this month. 4-bedroom rents have gone up by 4.03% this month.