Mill Street Square
9 Mill St,
Paterson, NJ 07505
$1,816 - $1,928
1-3 Beds
Nestled along the Passaic River, Downtown Paterson is the heart of Paterson and the city’s oldest district. Downtown Paterson is filled with government offices, restaurants, thrift shops, specialty stores, and more. This commercial hub also hosts several events throughout the year like sidewalk sales and holiday celebrations. Living in Downtown Paterson will also place you near several waterfront parks like the Paterson Great Falls National Historic Park, which boasts a 77-foot waterfall. Downtown Paterson offers a variety of rental options including studios and traditional apartments and triple-decker houses.
As of January 2026, the average apartment rent in Downtown Paterson is $979 for a studio, $1,438 for one bedroom, $1,924 for two bedrooms, and $5,822 for three bedrooms. Apartment rent in Downtown Paterson has increased by 1.0% in the past year.
Studio
553 sq ft
Average Sq Ft
$979/month
Average Rent
1 BR
680 sq ft
Average Sq Ft
$1,438/month
Average Rent
2 BR
892 sq ft
Average Sq Ft
$1,924/month
Average Rent
3 BR
258 sq ft
Average Sq Ft
$5,822/month
Average Rent
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.