305 Lakeview Apartments
305 Pennsylvania Ave,
Paterson, NJ 07503
1-2 Beds | $2,150 - $3,140
Rental Market Trends in Paterson, NJ
Updated July 2026
The average rent in Paterson, NJ is $1,472/month.
Rent in Paterson is roughly equal to the national average rent of of $1,663/month.
$1,472/month
Average Rent
514 Sq Ft
Average Size
+1.4%
Change / Year
462
Available Apartments
Paterson rent varies by unit size and layout:
- Studio apartments in Paterson average $1,180 per month.
- One-bedroom apartments in Paterson average $1,472 per month.
- Two-bedroom apartments in Paterson average $1,955 per month.
- Three-bedroom apartments in Paterson average $2,192 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Paterson, NJ?
In the past year, rent has increased by 1.4%, which averages out to $21 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Paterson, NJ
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
11%
$700 - $1,000/month
33%
$1,001 - $1,500/month
28%
$1,501 - $2,000/month
26%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Paterson?
Based on current rent prices, Eastside and South Paterson" are the most affordable neighborhoods in Paterson.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Paterson?
Based on current rent prices, South Paterson and Eastside" are the most expensive neighborhoods in Paterson.
Neighborhood
Average Rent
Average Sq Ft
Which Paterson neighborhoods have the most rentals available?
The neighborhoods in Paterson with the most apartments available are South Paterson and Eastside" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Paterson, NJ?
Because the average rent in Paterson is $1,472, you’ll want to make about $4,906 per month or $58,872 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Paterson, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Paterson, NJ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Paterson Area GuideStudio
$1,206/month
$1,550/month
One Bedroom
$1,448/month
$1,670/month
Two Bedroom
$1,577/month
$2,520/month
Three Bedroom
$1,741/month
$2,727/month
Apartment Communities in Paterson We Think You'll Love
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Frequently Asked Questions
What is the average rent in Paterson?
The average rent in Paterson is $1,472 per month, which is 11.5% lower than the national average of $1,663.
What is the average rent for a house in Paterson?
The average rent for a house in Paterson, NJ is $2,806 per month.
Are rents going up or down in Paterson?
Rents in Paterson, NJ are increasing, with prices up 1.4% year-over-year and $21 more per month.
What rent range is most common in Paterson?
In Paterson, NJ, 33% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† 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.
* Percentages may not total 100 due to rounding.