10 Most Affordable Places to Live in New Jersey
Experience all New Jersey offers without breaking the bank. Here are 10 cities with the cheapest rent in the state.
Avg Rent
$1,472
Population
143,245
Renter Mix
76% Rent
Paterson sits along the Passaic River just 15 miles from Midtown Manhattan, carrying the weight of genuine American industrial history in nearly every block. As the county seat of Passaic County and New Jersey's third-most populous city, it packs a remarkable amount of character into roughly nine square miles. The Great Falls of the Passaic River, now a National Historical Park, served as the original power source that made Paterson one of the country's first planned industrial cities, earning it the nickname Silk City for its once-dominant role in silk production. William Paterson University adds an academic presence to the broader area, drawing students and staff who contribute to the city's steady, grounded energy.
Neighborhoods here each carry their own personality. Downtown Paterson blends Beaux-Arts architecture with the Center City commercial district, while the Eastside Park Historic District offers tree-lined streets surrounding a 66-acre park. South Paterson is anchored by busy stretches of Main Street and Market Street with Middle Eastern and Mediterranean markets. The housing stock reflects the city's layered past, ranging from classic brownstones and multi-family row homes to more recently developed apartment communities. Renters will find options across a range of sizes and price points, with rents that remain notably lower than the broader New Jersey market, making Paterson a practical choice for those who want proximity to New York City without the corresponding cost.
I-80 and Route 19 are vital routes, connecting Paterson to New York City in just 45 minutes.
Explore the Paterson Museum, where artifacts are curated to preserve the industrial history.
Paterson Great Falls Park offers plenty of space to sit, relax and marvel at the 77ft falls.
Median Household Income
$46,569
Average: $64,552
Education
16,391
Residents Have a Degree
Job Market
64,119
Workers Employed
Median Age
35 Years
Largest Age Group
25-34 Years
Approximately 15% of Residents
Under 20
28%
Over 65
14%
Housing Distribution
Paterson has more renters than homeowners.
Education Distribution
Review this city's overall education levels.
As of July 2026, the average apartment rent in Paterson, NJ is $1,180 for a studio, $1,471 for one bedroom, $1,944 for two bedrooms, and $2,192 for three bedrooms. Apartment rent in Paterson has increased by 1.4% in the past year.
10 Most Affordable Places to Live in New Jersey
Experience all New Jersey offers without breaking the bank. Here are 10 cities with the cheapest rent in the state.
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Explore how walkable, bikeable, drivable, and transit-friendly Paterson, NJ is for everyday living.
Exceptionally Walkable
Walkability
Exceptional Public Transit
Transit
Fairly Drivable
Drivability
Fairly Bikeable
Bikeability
Public
Grades PK-8
463 Students
College Achieve Paterson Charter School
Public
Grades K-12
1,688 Students
Community Charter School Of Paterson
Public
Grades K-8
896 Students
Public
Grades PK-8
682 Students
Paterson Charter School for Science & Technology
Public
Grades K-12
1,708 Students
Public
Grades PK-8
463 Students
College Achieve Paterson Charter School
Public
Grades K-12
1,688 Students
Community Charter School Of Paterson
Public
Grades K-8
896 Students
Public
Grades PK-8
682 Students
Paterson Charter School for Science & Technology
Public
Grades K-12
1,708 Students
College Achieve Paterson Charter School
Public
Grades K-12
1,688 Students
Paterson Charter School for Science & Technology
Public
Grades K-12
1,708 Students
Public
Grades 9-12
650 Students
Public
Grades 9-12
258 Students
Public
Grades 9-12
193 Students
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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© 2026. All rights reserved.
† 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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.