Cheap Apartments for Rent in 07503
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Studio-2 Beds
1-2 BathsLakeview Apartments | 319 Pennsylvania Ave,
Paterson, NJ 07503
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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 stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,900 |
| Nov 2025 | $2,350 |
| Dec 2025 | $2,200 |
| Jan 2026 | $2,300 |
| Feb 2026 | $2,206 |
| Mar 2026 | $2,200 |
| Apr 2026 | $1,995 |
| May 2026 | $2,100 |
| Jun 2026 | $2,100 |
| Jul 2026 | $2,200 |
| Aug 2026 | $2,200 |
| Sep 2026 | $2,200 |
Average Rent By Bedroom and Home Type
In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,550 | $2,100 | $2,700 | — | $2,200 |
| Townhomes | — | $2,200 | — | — | $2,200 |
| Apartments and Condos | $1,500 | $1,850 | $2,600 | — | $2,100 |
| Houses | — | $3,195 | $2,943 | — | $2,943 |
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 $2,133 per month. This is about 10% higher than the national average.
- What are the cheapest months to find an apartment to rent in 07503?Last year, the cheapest month to find an apartment to rent was Oct 2025 when it was $1,900 per month.
- How many cheap apartments are available in 07503?There are 35 apartments to rent that are cheaper than the city’s average rent of $2,200.
- 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 $250 less than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en 07503 - 71 Rentas | Trulia
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