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Typical Rent in 07501 — Paterson, NJ
The typical 1-bedroom rent in 07501 (Paterson, NJ) is $2,178/month as of 2026, based on 4 data sources. Rents have risen 11.1% year over year, so an increase above 11.1% exceeds the local market trend. Studio: $1,450. 2-bedroom: $1,900.
Rents in Paterson have changed approximately +9.2% – +17.0% over the past year based on local market data. A rent increase above 17.0% is above the local market trend.
Estimated Rent · 1-Bedroom
$2,178/mo
Source: HUD Estimated Rent
Data through
Based on 4 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 07501 (Paterson, NJ) is $1,650 for FY2026.
Rents in 07501 have increased 11.1% year-over-year based on local market data.
The confidence level for this estimate is high based on 4 data sources.
Based on local market data, a fair rent increase in Paterson (07501) is approximately 11.1% for 2026. The typical 1-bedroom rent is $2,178/month. Any increase significantly above 11.1% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 07501 (Paterson)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 07501 (Paterson) typically rents for $1,450 – $1,913.
Rents above $2,200 are in the top 25% for this area.
A 1-bedroom in 07501 (Paterson) typically rents for $1,650 – $2,178.
Rents above $2,505 are in the top 25% for this area.
A 2-bedroom in 07501 (Paterson) typically rents for $1,900 – $2,500.
Rents above $2,875 are in the top 25% for this area.
A 3-bedroom in 07501 (Paterson) typically rents for $2,320 – $3,049.
Rents above $3,506 are in the top 25% for this area.
A 4-bedroom in 07501 (Paterson) typically rents for $2,960 – $3,892.
Rents above $4,476 are in the top 25% for this area.
Current Asking Rents in 07501
What are apartments actually renting for near 07501? Click below to see live asking rents from current listings.
Live market data · Updated daily
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Rent Trends in Paterson, NJ
+11.1%
Rents in 07501 (Paterson) are rising at +11.1% year-over-year.
− Estimated trend
Market sources range from +9.2% to +17.0%
Sources: Zillow ZORI, HUD Fair Market Rent
Federal Rent Benchmarks for 07501
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Bergen-Passaic, NJ HUD Metro FMR Area area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $1,450 | $1,913 |
| 1-Bedroom | $1,650 | $2,178 |
| 2-Bedroom | $1,900 | $2,500 |
| 3-Bedroom | $2,320 | $3,049 |
| 4-Bedroom | $2,960 | $3,892 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 07501
What is the average 1-bedroom rent in 07501?
The typical 1-bedroom rent in 07501 (Paterson, NJ) is $2,178/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,450 and 2-bedroom rent at $1,900.
What is a fair rent increase in 07501?
A rent increase up to about 11.1% is in line with the recent local market trend in 07501. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 07501?
Rents in 07501 have risen 11.1% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 07501?
On this page, studio rent in 07501 is $1,450/month and 2-bedroom rent is $1,900/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 07501 ($1,650/mo) — useful for comparing what your rent gets you in other markets.
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Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →