
Cheap Apartments for Rent in the Peterstown Neighborhood of Elizabeth, NJ from $1,100 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peterstown area of Elizabeth.


600 Fulton St

620 1st Ave

626 Clarkson Ave
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.

Total Monthly Price
749 S Broad St, Unit Ground

Lidgerwood Manor

112 Westfield Ave

Rosehill 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.

960-962 Grove St
Peterstown, Elizabeth, NJ Local Guide

How much does it cost to rent an apartment in Peterstown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peterstown Studio Apartments | $1,880 | $1,100 | $2,135 |
| Peterstown 1 Bedroom Apartments | $2,373 | $1,119 | $3,061 |
| Peterstown 2 Bedroom Apartments | $2,660 | $1,104 | $4,090 |
| Peterstown 3 Bedroom Apartments | $2,485 | $1,800 | $3,200 |
| Peterstown 4 Bedroom Apartments | $2,400 | $2,400 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 1 mile radius of the Peterstown Neighborhood of Elizabeth, NJ.
See all Apartments in ElizabethExplore Elizabeth
Peterstown, Elizabeth, NJ Local Guide
- Nearby Elizabeth neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Peterstown Apartments for Rent
 The cheapest available apartment rental in the Peterstown area of Elizabeth, NJ is a 3 Beds unit found at 101 Broadway priced from $1,759. Jersey Walk has the second lowest priced unit, which is a Studio apartment currently listed from $2,000. Here are the most affordable Peterstown apartments for rent in Elizabeth, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 101 Broadway | 3 Bedrooms 1 Bathroom | 3BR,1BA | $1,759 |
| Jersey Walk | Studio | Studio,1BA | $2,000 |
| Chilton Towers | One Bedroom One Bath | 1BR,1BA | $2,050 |
Best Value Apartments for Rent in Peterstown, NJ
As of February 23, 2026 the best value apartment in the Peterstown area is the $2.22 price per square foot 954 E Grand St Model at 954 E Grand St, Unit 1 in the in the Elizabeth Port neighborhood starting from $3,995. The second greatest value Peterstown apartment is the 234 Palmer St Model at 234 Palmer St, Unit Apartment 2 starting at $2,900 with a $1.76 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 954 E Grand St, Unit 1 | 954 E Grand St | 5BR,2BA | $2.22 |
| 234 Palmer St, Unit Apartment 2 | 234 Palmer St | 3BR,2BA | $1.76 |
| 1029 E Grand St, Unit Second Floor | 1029 E Grand St | 3BR,3BA | $1.87 |
| Luxury Rental With Private Parking | 2BR/2.0BA | 2BR,2BA | $2.21 |
| 86 4th St, Unit Second Floor | 86 4th St | 3BR,1BA | $1.81 |
| The James | 2 Beds, 2 baths | 2BR,2BA | $2.48 |
| 410 Franklin St, Unit 2 | 410 Franklin St | 2BR,1BA | $1.98 |
| 410 1st Ave, Unit FIRST FLOOR | 410 1st Ave | 2BR,1BA | $2.40 |
| 66 Marshall St, Unit 2R | 66 Marshall St | 2BR,1BA | $2.50 |
| 749 S Broad St, Unit Ground | 749 S Broad St | 1BR,1BA | $2.43 |
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.
Pet Friendly LifestylePeterstown, Elizabeth, NJ
Ranked #5
Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Peterstown, Elizabeth, NJ
Terence C. Reilly School #7
School data provided by Great Schools
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 Jersey Walk listed at $2,000.
How much is rent for a Cheap One Bedroom Peterstown Apartment?
The lowest price for a Cheap One Bedroom Peterstown Apartment is $1,895 at Chilton Hall Apartments.
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 $2,200 at The James.
What is the most affordable Peterstown Three Bedroom Apartment?
The best deal on a cheap Peterstown Three Bedroom Apartment rental is at 101 Broadway and starts from $1,759.
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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.