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Discover affordable housing in Paterson where there are 63+ 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.
69 Straight Street, Paterson, New Jersey 07501
bed1
payment$1398-1405/mo.
72 Carroll St, Paterson, New Jersey 07501
bed1
24 Mill St, Paterson, New Jersey 07501
394 Straight St, Paterson, New Jersey 07501
9 Timothy St, Paterson, New Jersey 07503
70 Dey St, Paterson, New Jersey 07503
505 W Broadway, Paterson, New Jersey 07522
280 12th Ave, Paterson, New Jersey 07514
85 Paterson St, Paterson, New Jersey 07501
700 E 18th St, Paterson, New Jersey 07501
351 Hamilton Ave, Paterson, New Jersey 07501
415 Crosby Ave Unit 2, Paterson, New Jersey 07502
bed4
payment$2400/mo.
274 Getty Ave Unit 1, Paterson, New Jersey 07503
bed3
payment$2200/mo.
49 4th, Paterson, New Jersey 07522
bed3
payment$2300/mo.
49 N 4th St, Paterson, New Jersey 07522
bed3
payment$2300/mo.
124 N 4th St, Paterson, New Jersey 07522
bed1
payment$1550/mo.
78 Market St Unit 5, Paterson, New Jersey 07505
bed1
payment$1500/mo.
49 Haledon Ave, Paterson, New Jersey 07522
bed1
payment$1400/mo.
351 Hamilton Ave Unit 2, Paterson, New Jersey 07501
bed3
payment$2299/mo.
260 E 22nd St, Paterson, New Jersey 07514
bedStudio
payment$1400/mo.
How To Identify Affordable Housing in Paterson, New Jersey
Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.
| Badge | Description |
|---|---|
switch_access_shortcutShort Wait | Low income apartments with no or short waiting lists. |
paymentSubsidized | Low income housing where the rent is subsidized and the renter pays only a portion of total rent. |
real_estate_agentAccepts Vouchers | Apartments that accept Section 8 vouchers near you |
elderlySenior | Rental housing for seniors who are 55 (or sometimes 62) and older. |
paymentIncome Based | Affordable apartments where the rent paid is based on renter income. |
accessibilityAccessible | Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy. |
accessible_forwardDisability | Apartments for individuals or families with disabilities. |
real_estate_agentNaturally Affordable | Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program. |
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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InPaterson, New Jersey
$35.83/hour
(+161%) more thanNew Jersey minimum wage and
$28.58(+394%) more than the Federal minimum wage.
Learn More About Paterson, New Jersey AffordableHousing ↓
What HUD offices serve Paterson, New Jersey?
Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.
Housing Authority of the City of Paterson
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Paterson, New Jersey.
Passaic County Public Housing Agency
Operates the Section 8 Housing Choice Voucher (HCV) programs for Paterson, New Jersey.
Housing Authority of the City of Paterson
Operates the Section 8 Housing Choice Voucher (HCV) programs for Paterson, New Jersey.
State of New Jersey Department of Community Affairs
Operates the Section 8 Housing Choice Voucher (HCV) programs for Paterson, New Jersey.
Go to theNew JerseyPublic 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 156,639people living in 50,054 households.
There are 107,199 renters living in36,473 renter households in thisCity. Renters make up 68.44percent 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 thePaterson area. Of these, 37,617 units are rentalhomes, making up 71 percent of the housing market. Forevery renter household in Paterson, New Jersey, there are1 rental units.
What is the vacancy rate for rentals in Paterson?
The rental vacancy rate in Paterson is 2 percent.This is alower than averagevacancy rate.When rental vacancy rates are low there are fewer available units. Rents tend to be higher as morepeoplecompete 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 youngprofessionalsespecially 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, 62percent havehousing cost burden. Further, 38percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.
The federal government says that renters arecost-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 - rangesfrom $1,400 to $2,946. FMRs areupdated 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 FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch 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 inPaterson, New Jersey including the following: Rental units may be funded in part by multiple federal programs.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
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 andutilities.
Low Rent Apartments in Paterson, New Jersey
There are 1,185 rent subsidized apartments that do notprovide 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 holdercontributes $400 towards rent inPaterson.
The maximum amount a voucher would pay on behalf of a low-income tenant in Paterson, New Jersey fora two-bedroom apartment is between $1,703 and $2,081.
Sourced from federal housing data and AffordableHousingOnline.comresearch.
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