
Cheap Apartments for Rent in the Peterstown Neighborhood of Elizabeth, NJ from $1,135 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peterstown area of Elizabeth.


Total Monthly Price
516 E Jersey St, Unit 3

516 E Jersey St

516 E Jersey St, Unit 3

228 S 5th St, Unit 2B

208 5th St

Chilton Hall Apartments
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218 3rd St, Unit 1L

216 3rd St, Unit 3B

1155 Elizabeth Ave, Unit 1155-2

Lidgerwood Manor

112 Westfield Ave

944 Elizabeth Ave

Lidgerwood
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1029 E Grand St

70 W Grand St

Bayway

707 Bonnett St

Harwood Homes

960-962 Grove St

167-169 Smith St
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557 S Broad St, Unit C2

450 3rd Ave
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 | $1,831 | $1,200 | $2,062 |
| Peterstown 1 Bedroom Apartments | $2,212 | $1,575 | $2,659 |
| Peterstown 2 Bedroom Apartments | $2,488 | $1,500 | $3,716 |
| Peterstown 3 Bedroom Apartments | $2,663 | $2,100 | $3,500 |
| Peterstown 4 Bedroom Apartments | $2,650 | $2,650 | $2,650 |
Browse Apartments in this Neighborhood
There are currently 23 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
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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 Chilton Hall Apartments priced from $1,652. Lidgerwood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,800. Here are the most affordable Peterstown apartments for rent in Elizabeth, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chilton Hall Apartments | Chilton Hall - 1 BR 146-A1 | 1BR,1BA | $1,652 |
| Lidgerwood | B1 | 2BR,1BA | $1,800 |
| The James | One Bedroom | 1BR,1BA | $1,975 |
| Jersey Walk | Studio | Studio,1BA | $2,000 |
| Chilton Towers | One Bedroom One Bath | 1BR,1BA | $2,070 |
Best Value Apartments for Rent in Peterstown, NJ
As of August 24, 2026 the best value apartment in the Peterstown area is the $2.03 price per square foot 716 Seaport Dr Model at 716 Seaport Dr, Unit 1 in the in the Elizabeth Port neighborhood starting from $3,250. The second greatest value Peterstown apartment is the 1025 Lafayette St Model at 1025 Lafayette St starting at $2,700 with a $2.45 price per square foot in the Downtown Elizabeth 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. |
|---|---|---|---|
| 716 Seaport Dr, Unit 1 | 716 Seaport Dr | 3BR,2BA | $2.03 |
| 1025 Lafayette St | 1025 Lafayette St | 3BR,1BA | $2.45 |
| The Metropolitan | 2BR/2.0BA | 2BR,2BA | $2.57 |
| 1058 William St, Unit 2nd Floor | 1058 William St | 3BR,2BA | $2.60 |
| 1008 Boudinot Pl, Unit 2 | 1008 Boudinot Pl | 3BR,1BA | $2.50 |
| Luxury Rental With Private Parking | B-1: 220, 320, 420, 520 | 1BR,1BA | $2.52 |
| Vinty | A1 | 1BR,1BA | $2.84 |
| 1155 Elizabeth Ave, Unit 1155-2 | 1155 Elizabeth Ave | 1BR,1BA | $2.40 |
| 516 E Jersey St, Unit 3 | 516 E Jersey St | 2BR,1BA | $2.00 |
| Chilton Hall Apartments | Chilton Hall-1 BR 135-C1 | 1BR,1BA | $2.39 |
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 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.
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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 #3
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
How much is rent for a Cheap One Bedroom Peterstown Apartment?
The lowest price for a Cheap One Bedroom Peterstown Apartment is $1,652 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 $1,800 at Lidgerwood.
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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.