Low Income Apartments and Affordable Housing For Rent in Paterson, NJ

Discover affordable housing in Paterson where there are 45+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Gov Paterson Towers III

211 20th Ave, Paterson, New Jersey 07501

Incca - Carroll

40 Albert M Tyler Pl, Paterson, New Jersey 7501

Gov Paterson Towers I

225 20th Ave, Paterson, New Jersey 07501

Riverside Terrace Family and Senior

416-462 Fifth Ave., Paterson, New Jersey 07514

114 - 124 Straight Street

114 Straight St, Paterson, New Jersey 07501

Litc 06901 - Birch Street Supportive Housing

65 Birch St, Paterson, New Jersey 07522

Paterson Hope 98 Urban Renewal 574

43 Kathys Ct, Paterson, New Jersey 07501

Sojourner Douglass Homes

291 Summer St, Paterson, New Jersey 07501

Robert Padula Assembly Holy House

91 Belmont Ave, Paterson, New Jersey 07522

Cooke Mills Rehab Home Program

21 Market St, Paterson, New Jersey 07501

Paterson Hope VI

245 23rd Ave, Paterson, New Jersey 07513

Congdon Mill

13 Van Houten St, Paterson, New Jersey 7505

Sams Place 561

446 E 19th St, Paterson, New Jersey 07524

Mcbride, Masiello and Canfield Devels

255 Atlantic St, Paterson, New Jersey 07503

Barnert, Cotton and Griffin Developments

163 Rosa Parks Blvd, Paterson, New Jersey 07501

Rehab Construction Conversion Boris Krol

200 20th Ave, Paterson, New Jersey 07501

Straight and Narrow Apartments II

380 Crosby Ave, Paterson, New Jersey 07502

R and L East, Llc - East 23rd Commons

557 E 23rd St, Paterson, New Jersey 07514

Greater Paterson Development

14 Van Houten St, Paterson, New Jersey 07505

Mott School Project

81 Godwin Ave, Paterson, New Jersey 07501

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Paterson, New Jersey
$35.83/hour
$22.10 (+161%) more than New Jersey minimum wage and $28.58 (+394%) more than the Federal minimum wage.
Learn More About Paterson, New Jersey Affordable Housing ↓

What HUD offices serve Paterson, New Jersey?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Paterson, New Jersey.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Paterson, New Jersey.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Paterson, New Jersey.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Paterson, New Jersey.

Go to the New Jersey Public Housing and Low-Income Apartments Waiting Lists page for openings near Paterson.

How many renters live in Paterson, New Jersey?

The City of Paterson has 156,639 people living in 50,054 households.

There are 107,199 renters living in 36,473 renter households in this City. Renters make up 68.44 percent of the population living in Paterson.

What is the rental market like in Paterson, New Jersey?

There are an estimated 52,641 housing units in the Paterson area. Of these, 37,617 units are rental homes, making up 71 percent of the housing market. For every renter household in Paterson, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Paterson?

The rental vacancy rate in Paterson is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Paterson for each bedroom size?

Occupied Rental Units by Size in Paterson
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3,811 9,413 11,040 10,652 1,376
Occupied Rental Units by Size in Paterson

A large number of apartments in Paterson have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Paterson are overburdened by housing costs?

Among renter households in this market, 62 percent have housing cost burden. Further, 38 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Paterson

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,400 to $2,946. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,400
One BR $1,645
Two BR $1,892
Three BR $2,342
Four BR $2,946
2024 Fair Market Rents in Paterson, New Jersey

How many units are rented at Fair Market Rent (FMR) in Paterson?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 3,426 90 percent
One BR 7,696 82 percent
Two BR 5,577 51 percent
Rental Units Below FMR in Paterson, New Jersey

How many affordable rental units are in Paterson?

There are a variety of federal affordable housing programs serving households in Paterson, New Jersey including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 2,447
Public Housing 849
Section 8 Project-Based Rental Assistance 1,678
Mod Rehab Project-Based Rental Assistance 69
Section 202 Supportive Housing for the Elderly 80
Section 811 Supportive Housing for Persons with Disabilities 36
Tracked Units by Federal Program in Paterson, New Jersey

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Paterson, New Jersey

Paterson features 2,402 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Paterson, New Jersey

There are 1,185 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Paterson.

Housing Choice Vouchers in Paterson, New Jersey

On average, Section 8 Housing Choice vouchers pay Paterson landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Paterson.

The maximum amount a voucher would pay on behalf of a low-income tenant in Paterson, New Jersey for a two-bedroom apartment is between $1,703 and $2,081.

Sourced from federal housing data and AffordableHousingOnline.com research.