
Cheap Apartments for Rent in Elizabeth, NJ from $700 (72 Rentals)
Search the lowest-cost Apartments available for rent right now in Elizabeth.


Total Monthly Price
148 Chilton St

312 Bond St, Unit 1

Portside II

531 Richmond St, Unit 1, Unit 1

620 1st Ave

600 Pennsylvania Ave, Unit 1

Heritage Village at Elizabeth, 62+ Community

634 Court St, Unit 2

269 N Broad St, Unit 2
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

519 Monroe Ave, Unit elmora, Unit elmora

600 Fulton St

945 Spofford Ave, Unit liz, Unit liz

Total Monthly Price
247 Inslee Pl, Unit 3, Unit 3

Total Monthly Price
312 S Spring St

Monroe Garden

Westminster Towers Apartments

Sheridan Gardens

1246 Waverly Pl

Pineda Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Linden Arms, LLC

47 Watson Ave

Portside Commons Westport Homes

653-663 N Broad St

1100-1127 Sheridan Ave

Clinton House

Lidgerwood Manor

Continental Gardens

112 Westfield Ave

broad manor apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

325 Cherry St

Harwood Homes

North Salem Terrace

1141 Hand Place

Bermudez Apartments

775 N Broad St

Rosehill Apartments

322 E Westfield Ave

1090 John F. Kennedy Blvd

Total Monthly Price
69 Mapes Ave, Unit 3, Unit 3
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Heritage Estates

Total Monthly Price
147 E 1st Ave, Unit 2, Unit 2

292 Wainwright St

129 Chancellor Ave

595 Elizabeth Ave

305 Osborne Ter

Colonial Village

103 Chancellor

Amsterdam Gardens

336 E Westfield Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Elizabeth, NJ Local Guide

How much does it cost to rent an apartment in Elizabeth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Elizabeth Studio Apartments | $1,874 | $1,100 | $2,886 |
| Cheap Elizabeth 1 Bedroom Apartments | $2,245 | $800 | $7,946 |
| Cheap Elizabeth 2 Bedroom Apartments | $2,685 | $1,209 | $4,403 |
| Cheap Elizabeth 3 Bedroom Apartments | $2,580 | $1,397 | $4,570 |
| Cheap Elizabeth 4 Bedroom Apartments | $2,588 | $1,897 | $3,200 |
Browse Top Apartments in Elizabeth
See all Apartments in ElizabethExplore Elizabeth
Elizabeth, NJ Local Guide

- Elizabeth Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Elizabeth, NJ
Pricing Updated: 04/10/2026Current apartment rentals in the Elizabeth, NJ area range in price from $800 to $7,946 with an overall median price of $3,188. The three Elizabeth neighborhoods with the lowest median rent pricing are Keighry Head at $800, Downtown Elizabeth at $899, and Elizabeth Port at $800. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Elizabeth Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Keighry Head | $2,600 | $800 | 115 |
| Downtown Elizabeth | $2,800 | $899 | 57 |
| Elizabeth Port | $3,000 | $800 | 46 |
| Peterstown | $3,000 | $800 | 78 |
| Union Square | $3,000 | $800 | 95 |
| Pamrapo | $3,500 | $875 | 149 |
| Bergen Point | $3,600 | $1,600 | 99 |
| Centreville | $3,600 | $1,600 | 170 |
| Constable Hook | $3,600 | $1,600 | 235 |
Cheapest Available Elizabeth Apartments for Rent
 The cheapest available apartment rental in Elizabeth, NJ is a 1 Bed unit found at Heritage Village at Elizabeth, 62+ Community in the Elizabeth Port neighborhood priced from $1,229. Harwood Homes in the Downtown Elizabeth neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here is today’s list of the most affordable Elizabeth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heritage Village at Elizabeth, 62+ Community | 1 Bedroom | 1BR,1BA | $1,229 |
| Harwood Homes | $2.40/sq.ft. - One Bedroom | 1BR,1BA | $1,295 |
| Monroe Garden | 1 BR JR | 1BR,1BA | $1,375 |
| Sheridan Gardens | Studio | Studio,1BA | $1,400 |
Best Value Apartments for Rent in Elizabeth, NJ
As of April 10, 2026 the best value apartment in the Elizabeth area is the $0.27 price per square foot 95 Murray St Model at 95 Murray St, Unit 216 in the in the Downtown Elizabeth neighborhood starting from $2,700. The second greatest value Elizabeth apartment is the 55 Schley St Model at 55 Schley St, Unit 3 starting at $2,550 with a $0.26 price per square foot in the Upper Clinton Hill neighborhood. Here is today’s list of the best values for Elizabeth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 95 Murray St, Unit 216 | 95 Murray St | 2BR,2BA | $0.27 |
| 55 Schley St, Unit 3 | 55 Schley St | 3BR,2BA | $0.26 |
| 93 Osborne Ter | 93 Osborne Ter | 4BR,2BA | $1.68 |
| 176 Weequahic Ave | 176 Weequahic Ave | 2BR,1.5BA | $1.59 |
| 1112 Walnut St | 1112 Walnut St | 3BR,1BA | $1.59 |
| 69 Schley St, Unit 1 | 69 Schley St | 4BR,2BA | $1.87 |
| 410 Franklin St, Unit 2 | 410 Franklin St | 2BR,1BA | $1.98 |
| 21 Tillinghast St, Unit 2 | 21 Tillinghast St | 2BR,1BA | $1.85 |
| 69 Mapes Ave, Unit 3 | 69 Mapes Ave | 1BR,1BA | $2.00 |
| Heritage Village at Elizabeth, 62+ Community | 1 Bedroom | 1BR,1BA | $1.79 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Elizabeth Overview
The fourth largest city in the dynamic state of New Jersey, Elizabeth is a fantastic place to consider for anyone in the market for a new place to call home. Consistently ranked as one of the nation's 'Top 50 Greenest Cities' by the likes of Popular Science, this thriving locale has much to offer prospective new residents.
Why live in Elizabeth, NJ?
Home to one of the busiest ports in the world as well as a number of industries, Elizabeth apartments make an ideal spot to raise a family or pursue a career. From the glass skyscraper-dominated area of Celadon to the working-class hub of the North End, Elizabeth offers a variety of diverse neighborhoods that are sure to please almost every lifestyle.
Pet Friendly Lifestyle
Ranked #
Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Best Local Schools in Elizabeth, NJ
No 27 Dr Antonio Pantoja
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elizabeth, NJ Rentals by Map
See the most popular apartments and homes in Elizabeth, NJ
Frequently Asked Questions about Cheap Elizabeth Apartments
What is a cheap apartment in Elizabeth?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elizabeth is under $1,400.
What is the price of a cheap apartment in Elizabeth?
The cheapest apartment in Elizabeth is Heritage Village at Elizabeth, 62+ Community which is listed at $1,229, while the average apartment in Elizabeth costs $3,188.
What types of apartments are the cheapest in Elizabeth?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Elizabeth that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Elizabeth?
Cheap apartments in Elizabeth have an average cost of $239 which is $2,949 cheaper than the average rent for all rentals in Elizabeth.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.