517 Walnut St, Unit second, Unit second
517 Walnut St
ElizabethNJ07201
Cheap Homes for Rent in Downtown Elizabeth Neighborhood of Elizabeth, NJ from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Elizabeth area of Elizabeth.
550 Jefferson Ave
ElizabethNJ07201
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.
123 Cherry St
ElizabethNJ07202
944 Elizabeth Ave
ElizabethNJ07201
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.
1029 E Grand St
ElizabethNJ07201
Showing Results 1-5, Page 1 of 1
Downtown Elizabeth, Elizabeth, NJ Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Downtown Elizabeth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Elizabeth 2 Bedroom Homes for Rent | $2,275 | $1,800 | $2,750 |
| Downtown Elizabeth 3 Bedroom Homes for Rent | $2,850 | $2,600 | $3,000 |
| Downtown Elizabeth 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Elizabeth Neighborhood of Elizabeth, NJ.
Explore Elizabeth
Downtown Elizabeth, Elizabeth, NJ Local Guide
- Nearby Elizabeth neighborhoods
- Nearby Cities
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- Local Counties
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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 Harwood Homes priced from $1,595. Cambridge Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,750. Here are the most affordable Downtown Elizabeth apartments for rent in Elizabeth, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Harwood Homes | $2.40/sq.ft. - One Bedroom | 1BR,1BA | $1,595 |
| Cambridge Manor | $2.77/sq.ft. - One Bedroom | 1BR,1BA | $1,750 |
| Westminster Arms | A Unit | 1BR,1BA | $1,800 |
Best Value Apartments for Rent in Downtown Elizabeth, NJ
As of April 24, 2026 the best value apartment in the Downtown Elizabeth area is the $2.48 price per square foot 2 Beds, 2 baths Model at The James in the in the Downtown Elizabeth neighborhood starting from $2,600. The second greatest value Downtown Elizabeth apartment is the 2BR/2.0BA Model at The Metropolitan starting at $2,499 with a $2.38 price per square foot in the Downtown Elizabeth neighborhood. 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 James | 2 Beds, 2 baths | 2BR,2BA | $2.48 |
| The Metropolitan | 2BR/2.0BA | 2BR,2BA | $2.38 |
| Westminster Arms | A Unit | 1BR,1BA | $2.20 |
| Chilton Towers | One Bdrm One Bath w/ Dining | 1BR,1BA | $2.68 |
| The Madison at Elizabeth | 014 1 Bedroom 1 Bath + Den | 1BR,1BA | $2.83 |
| Chilton Hall Apartments | Chilton Hall - 1 BR Apt | 1BR,1BA | $2.67 |
| Cambridge Manor | $2.77/sq.ft. - One Bedroom | 1BR,1BA | $2.85 |
| Vinty | S2 | Studio ,1BA | $3.86 |
| Harwood Homes | $2.40/sq.ft. - One Bedroom | 1BR,1BA | $2.95 |
| Turtle Village | 1 Bedroom | 1BR,1BA | $4.49 |
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 Article
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 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.
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Best Local Schools in Downtown Elizabeth, Elizabeth, NJ
No 27 Dr Antonio Pantoja
Elizabeth Public School District
Public School - Grades PK-8 (885)
6 out of 10
School data provided by Great Schools
Frequently Asked Questions about Downtown Elizabeth
What type of rentals are currently available in Downtown Elizabeth?
There are currently 198 Apartments for Rent in Downtown Elizabeth, NJ with pricing that ranges from $899 to $3,787. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Elizabeth ranging from $1,150 to $4,500.
What is the current price range for Rental Homes in Downtown Elizabeth?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Elizabeth ranges from $1,150 to $4,500 with an average monthly rent of $2,482.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.