
Cheap Apartments for Rent in the Downtown Elizabeth Neighborhood of Elizabeth, NJ from $900 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Elizabeth area of Elizabeth.


517 Walnut St, Unit second

Chilton Hall Apartments

Cambridge Manor

653-663 N Broad St
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325 Cherry St

112 Westfield Ave

North Salem Terrace

Salem Equity

944 Elizabeth Ave
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Mace Realty

1029 E Grand St

70 W Grand St

Templeton Arms

Harwood Homes
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Downtown Elizabeth, Elizabeth, NJ Local Guide

How much does it cost to rent an apartment in Downtown Elizabeth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Elizabeth Studio Apartments | $2,004 | $1,720 | $2,091 |
| Downtown Elizabeth 1 Bedroom Apartments | $2,157 | $1,695 | $2,709 |
| Downtown Elizabeth 2 Bedroom Apartments | $2,647 | $1,875 | $3,751 |
| Downtown Elizabeth 3 Bedroom Apartments | $2,500 | $2,300 | $2,700 |
| Downtown Elizabeth 4 Bedroom Apartments | $2,762 | $2,350 | $3,999 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Elizabeth Neighborhood of Elizabeth, NJ.
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Downtown Elizabeth, Elizabeth, NJ Local Guide
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Cheapest Available Downtown Elizabeth Apartments for Rent
 The cheapest available apartment rental in the Downtown Elizabeth area of Elizabeth, NJ is a 1 Bed unit found at Mace Realty priced from $1,595. Chilton Hall Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,652. Here are the most affordable Downtown Elizabeth apartments for rent in Elizabeth, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mace Realty | 4 Room 1 Bedroom | 1BR, 1BA | $1,595 |
| Chilton Hall Apartments | Chilton Hall - 1 BR 146-A1 | 1BR, 1BA | $1,652 |
| Cambridge Manor | $3.14/sq.ft. - One Bedroom | 1BR, 1BA | $1,695 |
| Harwood Homes | $3.14/sq.ft. - One Bedroom | 1BR, 1BA | $1,695 |
| Westminster Arms | A Unit | 1BR, 1BA | $1,800 |
Best Value Apartments for Rent in Downtown Elizabeth, NJ
As of September 23, 2026 the best value apartment in the Downtown Elizabeth area is the $1.75 price per square foot 012 2 Bedroom 2 Bath + Den Model at The Madison at Elizabeth in the Downtown Elizabeth neighborhood starting from $2,800. The second greatest value Downtown Elizabeth apartment is the 280 Morris Ave Model at 280 Morris Ave, Unit 2 in the Downtown Elizabeth neighborhood starting at $2,350 with a $1.96 price per square foot. Here is today’s list of the best values for Downtown Elizabeth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Madison at Elizabeth | 012 2 Bedroom 2 Bath + Den | 2BR, 2BA | $1.75 |
| 280 Morris Ave, Unit 2 | 280 Morris Ave | 4BR, 1BA | $1.96 |
| 612 Pennsylvania Ave, Unit 612 FL2 | 612 Pennsylvania Ave | 2BR, 1BA | $2.08 |
| Westminster Arms | A Unit | 1BR, 1BA | $2.20 |
| Chilton Towers | One Bdrm One Bath w/ Dining | 1BR, 1BA | $3.06 |
| Vinty | A2 | 1BR, 1BA | $3.07 |
| Chilton Hall Apartments | Chilton Hall-1 BR 135-C1 | 1BR, 1BA | $2.39 |
| The James | One Bedroom | 1BR, 1BA | $2.90 |
| Cambridge Manor | $3.14/sq.ft. - One Bedroom | 1BR, 1BA | $2.76 |
| Harwood Homes | $3.14/sq.ft. - One Bedroom | 1BR, 1BA | $3.14 |
Don'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 ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Best Local Schools in Downtown Elizabeth, Elizabeth, NJ
No 27 Dr Antonio Pantoja School
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Elizabeth Apartments
How much is rent for a Cheap One Bedroom Downtown Elizabeth Apartment?
The lowest price for a Cheap One Bedroom Downtown Elizabeth Apartment is $1,595 at Mace Realty.
What is the lowest price for a Cheap Two Bedroom Downtown Elizabeth Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Elizabeth is starting from $2,000 at Westminster Arms.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.