Last updated
Average Rent in Passaic 07055 & Rent Trends
Rent prices and market trends across 1 apartment community in Passaic 07055, Passaic, NJ. Updated daily.
Market Average
$1,674/mo
Lowest Available
$1,649/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
2
available now
Passaic 07055 vs Passaic, NJ Average
Passaic 07055 is cheaper the Passaic, NJ average by $1,097/mo (40%). The citywide average is $2,771/mo across all neighborhoods.
Is Rent Going Up or Down in Passaic 07055?
As of June 2026, the average rent in Passaic 07055 is $1,674 per month across 1 apartment community and 2 available units.
The most affordable option is Lexington Gardens Apartments starting at $1,649/mo. By unit type, a 1-bedroom averages $1,674/mo.
Prices range from $1,649 to $1,699 per month. The most common price point is the $1,600 range, where 2 units are currently listed.
Rent by Bedroom Type in Passaic 07055
Rent Prices by Apartment in Passaic 07055
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Lexington Gardens Apartments | $1,649/mo | $1,674/mo | 2 | 4.5 |
Google Search Trends for Passaic 07055 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Passaic 07055
What is the average rent in Passaic 07055?
Is rent going up or down in Passaic 07055?
What is the cheapest apartment in Passaic 07055?
How much is a 1-bedroom apartment in Passaic 07055?
How many apartments are available in Passaic 07055?
What salary do I need to live comfortably in Passaic 07055?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$67,000/year
Based on the 30 percent rule, using our tracked average rent of $1,674/mo.
Comfortable income
$80,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,649/mo), you need to earn at least $66,000/year.
Median household income in Passaic 07055 is $56,780 , about 29% below the comfortable-living threshold.
Cost of living in Passaic 07055
Overall prices in Passaic 07055 runs above the national average by about 13% (BEA Regional Price Parity index 112.6, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Passaic 07055's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,674 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $6,382/mo |
Population
69,651
Median household income
$56,780
Census median rent
$1,392/mo
Rent as % of income
33.5%
Median age
30.9
Mean commute
26 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Passaic 07055 Apartments
Browse all 1 communities with daily-updated pricing and availability.