
Cheap Homes for Rent in the Peterstown Neighborhood of Elizabeth, NJ from $1,400 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Peterstown area of Elizabeth.


1029 E Grand St

516 E Jersey St, Unit 3

70 W Grand St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

364 Williamson St

707 Bonnett St

557 S Broad St, Unit C2

216 3rd St, Unit 3B
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

450 3rd Ave
Peterstown, Elizabeth, NJ Local Guide

How much does it cost to rent a home in Peterstown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peterstown 2 Bedroom Homes for Rent | $1,766 | $1,650 | $1,850 |
| Peterstown 3 Bedroom Homes for Rent | $2,632 | $2,200 | $3,400 |
| Peterstown 4 Bedroom Homes for Rent | $3,850 | $3,850 | $3,850 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 1 mile radius of the Peterstown Neighborhood of Elizabeth, NJ.
Explore 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lidgerwood | A1 | 1BR,1BA | $1,500 |
| Bayway | B2 | 2BR,1BA | $1,645 |
| Chilton Hall Apartments | Chilton Hall - 1 BR 146-A1 | 1BR,1BA | $1,652 |
Best Value Apartments for Rent in Peterstown, NJ
As of July 29, 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 523 Lidgerwood Ave Model at 523 Lidgerwood Ave, Unit Elmora starting at $3,000 with a $1.67 price per square foot in the Peterstown 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. |
|---|---|---|---|
| 140 E Jersey St, Unit 1 | 140 E Jersey St | 3BR,1BA | $1.10 |
| 523 Lidgerwood Ave, Unit Elmora | 523 Lidgerwood Ave | 3BR,2BA | $1.67 |
| 1025 Lafayette St | 1025 Lafayette St | 3BR,1BA | $2.45 |
| The James | 2 Beds, 2 baths | 2BR,2BA | $2.48 |
| 738 Edgar Rd, Unit 2 | 738 Edgar Rd | 2BR,1BA | $2.50 |
| 516 E Jersey St, Unit 3 | 516 E Jersey St | 2BR,1BA | $2.07 |
| 1155 Elizabeth Ave, Unit 1155-2 | 1155 Elizabeth Ave | 1BR,1BA | $2.40 |
| Chilton Towers | One Bedroom One Bath | 1BR,1BA | $2.82 |
| Chilton Hall Apartments | Chilton Hall-1 BR 135-C1 | 1BR,1BA | $2.39 |
| Bayway | B2 | 2BR,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.
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.
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 Peterstown
What type of rentals are currently available in Peterstown?
There are currently 496 Apartments for Rent in Peterstown, NJ with pricing that ranges from $1,200 to $3,824. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterstown ranging from $1,400 to $6,000.
What is the current price range for Rental Homes in Peterstown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peterstown ranges from $1,400 to $6,000 with an average monthly rent of $2,613.
How much are larger Three and Four Bedroom Rentals in Peterstown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peterstown range from $2,300 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $3,400. Four Bedroom Single-Family rentals are also available starting from $3,850 and Four Bedroom Apartments start at $2,650.
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.

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.

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.