
Cheap Homes for Rent in Peterstown Neighborhood of Elizabeth, NJ from $1,500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Peterstown area of Elizabeth.


73 Florida St

124 Marshall St, Unit 2nd Fl

126 3rd St, Unit 1

653 4th Ave

5-7 Broad St
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 | $2,090 | $1,850 | $2,400 |
Peterstown 3 Bedroom Homes for Rent | $2,732 | $2,200 | $3,200 |
Peterstown 4 Bedroom Homes for Rent | $3,637 | $2,800 | $4,450 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 1 mile radius of the Peterstown Neighborhood of Elizabeth, NJ.
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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 Studio unit found at Edgar Gardens priced from $1,550. Watson Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,618. Here are the most affordable Peterstown apartments for rent in Elizabeth, NJ:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Edgar Gardens | Studio | Studio,1BA | $1,550 |
Watson Apartments | Studio | Studio,1BA | $1,618 |
The Avion | Luxurious Studio | Studio,1BA | $1,767 |
Best Value Apartments for Rent in Peterstown, NJ
As of March 25, 2025 the best value apartment in the Peterstown area is the $1.80 price per square foot 516 S Park St Model at 516 S Park St, Unit 2 in the in the Elizabeth Port neighborhood starting from $2,700. The second greatest value Peterstown apartment is the 303 Amity St Model at 303 Amity St, Unit amity 1 starting at $2,700 with a $1.80 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. |
---|---|---|---|
516 S Park St, Unit 2 | 516 S Park St | 3BR,2BA | $1.80 |
303 Amity St, Unit amity 1 | 303 Amity St | 3BR,1BA | $1.80 |
The Madison at Elizabeth | 006 2 Bedroom 2 Bath | 2BR,2BA | $2.06 |
213 Broad St | 2B | 2BR,1BA | $1.97 |
2417 Grier Ave, Unit 1st Floor | 2417 Grier Ave | 2BR,1BA | $2.00 |
43 Delaware St, Unit 2 | 43 Delaware St | 3BR,1BA | $2.35 |
The Grand at Penn | 1 Bed / 1 Bath | 1BR,1BA | $2.43 |
Harwood Homes | $2.49/sq.ft. - Two Bedroom | 2BR,1BA | $2.49 |
333 E Jersey St, Unit 3A | 333 E Jersey St | 2BR,1BA | $2.44 |
The Avion | Luxurious Studio | Studio ,1BA | $2.62 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Peterstown
What type of rentals are currently available in Peterstown?
There are currently 488 Apartments for Rent in Peterstown, NJ with pricing that ranges from $1,440 to $4,119. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterstown ranging from $1,550 to $4,450.
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 $1,550 to $4,450 with an average monthly rent of $2,502.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.