RentDataNowRentDataNow
ZIP Code · NJ

ZIP 07501

Part of Paterson, NJ
Pop. 35,481·Passaic County·200th most expensive ZIP in New Jersey
Median rent (all units)
$1,804/mo
Year-over-Year
-4.7%
Month-over-Month
-0.3%
vs US Median
-$161
Stable (Monthly)
Be the first to discuss 07501 rents ↓
Most AffordableMost Expensive
ZIP 07501 · $1,804
More affordable than 51% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,450
1 BR
$1,650
2 BR
$1,900
3 BR
$2,320
4 BR+
$2,960
Research median
$1,900/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$21,648/yr
At $1,804/mo median
Location
StateNJ
CountyPassaic County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 4.7% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-4.7% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 07501 (Paterson, NJ) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 8% of residents hold a bachelor's degree or higher.

Population
35,481
Median income
$44,300
Median age
31.1
Renters
83.9%
Age distribution
29.6%
25%
23.7%
12.1%
Under 1829.6%
18–3425%
35–5423.7%
55–649.7%
65+12.1%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
21.6%
71.1%
White7.9%
Black21.6%
Hispanic71.1%
Asian1.3%
Education (25+)
31.1%
40.6%
20.2%
No HS diploma31.1%
HS diploma40.6%
Some college20.2%
Bachelor's+8%
Housing tenure
16.1%
83.9%
Owner16.1%
Renter83.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 07501 in Paterson, NJ has changed in 5 years

Income
$37,256 → $44,300
up 18.9%
Population
36,019 → 35,481
down 1.5%
Renter share
84.5% → 83.9%
-0.6 pts
Bachelor's+
8.6% → 8%
-0.6 pts

Median household income grew from $37,256 to $44,300 between 2021 and 2024, a 18.9% shift. Headcount in the area went from 36,019 to 35,481 between 2021 and 2024, a 1.5% change.

Community

Discussions about ZIP 07501

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 07501

About renting in ZIP 07501

Last updated: July 20, 2026

ZIP code 07501 covers Paterson, NJ. The median rent here is $1,804/mo as of July 2026. A 1-bedroom rents for a median of $1,650/mo. A 2-bedroom rents for a median of $1,900/mo.

At 49% of local median household income ($44,300/yr), ZIP 07501 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 4.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07501?

As of July 20, 2026, the median monthly rent in ZIP 07501 (Paterson, NJ) is $1,804. This is based on aggregated data from public sources and community submissions.

How does ZIP 07501 rent compare to the US average?

ZIP 07501's median rent of $1,804/mo is $161 (8%) below the US national median of $1,965/mo.

How does ZIP 07501 compare to other ZIPs in New Jersey?

ZIP 07501 is among the more affordable ZIP codes in New Jersey, ranking #200 out of 212 ZIPs at $1,804/mo.

How much income do you need to rent in ZIP 07501?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,804/mo in ZIP 07501. The local median household income is $44,300/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07501?

Rent in ZIP 07501 has decreased 4.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 07501 an affordable place to rent?

ZIP 07501 is considered stretched for renters. At $1,804/mo, rent takes approximately 49% of the local median household income ($44,300/yr). The standard benchmark is 30%. ZIP 07501 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 07501 residents rent vs. own?

According to Census data, approximately 83.9% of ZIP 07501 households are renters, while 16.1% are owner-occupied. With a majority renter population, ZIP 07501 has a strong rental market.

How does ZIP 07501 compare to the rest of Paterson?

ZIP 07501 is more affordable than Paterson overall. At $1,804/mo, it's $137 below the Paterson citywide median of $1,941/mo.

When was rent data for ZIP 07501 last updated?

Rent data for ZIP 07501 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
49%
STRETCHED

At $1,804/mo, rent takes ~49% of ZIP 07501's median household income ($44,300/yr). The standard benchmark is 30%.

ZIP 07501 49%Benchmark 30%
State income tax1.4–10.75%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 07501 (Paterson, NJ)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.