Cheap Apartments for Rent in 07503
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PET FRIENDLY$1,900 - $2,950/mo
Studio-2 Beds
1-2 BathsLakeview Apartments | 319 Pennsylvania Ave #55a6160c3,
Paterson, NJ 07503
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NEW - 2 DAYS AGO
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Average Rent Trends in 07503
Rent in 07503 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,300 |
| Jul 2025 | $2,388 |
| Aug 2025 | $2,395 |
| Sep 2025 | $2,400 |
| Oct 2025 | $1,900 |
| Nov 2025 | $2,350 |
| Dec 2025 | $2,200 |
| Jan 2026 | $2,300 |
| Feb 2026 | $2,200 |
| Mar 2026 | $2,200 |
| Apr 2026 | $1,995 |
| May 2026 | $2,100 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,550 | $2,267 | $2,350 | $2,850 | $2,100 |
| Apartments and Condos | $1,550 | $2,100 | $2,300 | $2,850 | $1,850 |
| Houses | — | $2,300 | — | $3,000 | $2,600 |
Frequently Asked Questions about Rentals in 07503
- What is the average rent of an apartment in 07503?The average rent of an apartment in 07503 is $2,000 per month. This is about 4% higher than the national average.
- What is the average rent of a house in 07503?The average rent of a house in 07503 is $2,600 per month. This is about 35% higher than the national average.
- When is the average rent cheapest in 07503?In the last year, the average rent in 07503 was lowest in Oct 2025 when it was $1,900 per month.
- When is the average rent most expensive in 07503?In the last year, the average rent in 07503 was highest in Mar 2025 when it was $2,400 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 07503?The average rent of a 1 bedroom apartment in 07503 is $1,550 per month. That is about $1,220 less than the cost of a studio apartment.
- How many available rental listings are in 07503?There are 61 available rental listings in 07503.
- What are some cities near 07503?Some nearby cities include: Paterson, Woodland Park, Elmwood Park, Clifton, Prospect Park, Garfield. These cities may have more rental options to explore.
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