Cheap Apartments for Rent in the Peterstown Neighborhood of Elizabeth, NJ from $1,100 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Peterstown area of Elizabeth.

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.

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Lidgerwood Manor
1 to 2 Bedroom Apartments

Lidgerwood Manor

514 Lidgerwood AveElizabeth, NJ 07202
  • Utilities Included
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112 Westfield Ave
Studio to 1 Bedroom Apartments

112 Westfield Ave

112-118 Westfield AveElizabeth, NJ 07208
  • Utilities Included
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Lidgerwood
1 to 2 Bedroom Apartments

Lidgerwood

433 Lidgerwood AveElizabeth, NJ 07202
  • Utilities Included

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.

property at 70 W Grand St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

Studio, 1 Bath Home for Rent

Available Now

70 W Grand St

ElizabethNJ07202
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Harwood Homes
1 to 2 Bedroom Apartments

Harwood Homes

135 W Jersey StElizabeth, NJ 07202
  • Utilities Included
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Bayway
Studio to 2 Bedroom Apartments

Bayway

754 Bayway CirElizabeth, NJ 07202
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960-962 Grove St
1 to 2 Bedroom Apartments

960-962 Grove St

960-962 Grove StElizabeth, NJ 07202
  • Utilities Included
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167-169 Smith St
2 Bedroom Apartments

167-169 Smith St

167-169 Smith StElizabeth, NJ 07201
  • Utilities Included

Cash 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.

property at 450 3rd Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 1 Bath Home for Rent

Available Now

450 3rd Ave

ElizabethNJ07206
property at 557 S Broad St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

1 Bedroom, 1 Bath Home for Rent

Available Now

557 S Broad St, Unit C2

557 S Broad St
ElizabethNJ07202

Peterstown, Elizabeth, NJ Local Guide

Cheapest Available Peterstown Apartments for Rent

 

The cheapest available apartment rental in the Peterstown area of Elizabeth, NJ is a 1 Bed unit found at Lidgerwood priced from $1,500. Bayway has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,645. Here are the most affordable Peterstown apartments for rent in Elizabeth, NJ:

Apartment ListingModel NameBed/BathPriced From
LidgerwoodA11BR,1BA$1,500
BaywayB22BR,1BA$1,645
Chilton Hall ApartmentsChilton Hall - 1 BR 146-A11BR,1BA$1,652
VintyS1Studio,1BA$1,979
Jersey WalkStudioStudio,1BA$2,000

Best Value Apartments for Rent in Peterstown, NJ

As of July 09, 2026 the best value apartment in the Peterstown area is the $1.10 price per square foot 140 E Jersey St Model at 140 E Jersey St, Unit 1 in the in the Elizabeth Port neighborhood starting from $2,300. The second greatest value Peterstown apartment is the 516 S Park St Model at 516 S Park St, Unit 2 floor starting at $2,900 with a $1.61 price per square foot in the Elizabeth Port neighborhood. Here is today’s list of the best values for Peterstown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
140 E Jersey St, Unit 1140 E Jersey St3BR,1BA$1.10
516 S Park St, Unit 2 floor516 S Park St3BR,2BA$1.61
716 Seaport Dr, Unit 1716 Seaport Dr3BR,2BA$2.19
The Metropolitan2BR/2.0BA2BR,2BA$2.25
The James2 Beds, 2 baths2BR,2BA$2.48
738 Edgar Rd, Unit 2738 Edgar Rd2BR,1BA$2.56
516 E Jersey St, Unit 3516 E Jersey St2BR,1BA$2.07
Chilton TowersOne Bedroom One Bath1BR,1BA$2.82
Chilton Hall ApartmentsChilton Hall-1 BR 135-C11BR,1BA$2.39
BaywayB22BR,1BA$2.63

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.

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Real 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.

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Quick 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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Pet Friendly Lifestyle
Peterstown, Elizabeth, NJ

Ranked #4

Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Peterstown Apartments

What is the Cheapest Studio apartment in Peterstown?

Currently the most affordable Cheap Studio Apartment in Peterstown is at Vinty listed at $1,979.

How much is rent for a Cheap One Bedroom Peterstown Apartment?

The lowest price for a Cheap One Bedroom Peterstown Apartment is $1,500 at Lidgerwood.

What is the lowest price for a Cheap Two Bedroom Peterstown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Peterstown is starting from $1,645 at Bayway.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.