
Cheap Homes for Rent in Peterstown Neighborhood of Elizabeth, NJ from $1,800 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Peterstown area of Elizabeth.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

126 3rd St, Unit 1
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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

5-7 Broad St
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328 Franklin St

926 Meredith 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 | $2,100 | $2,100 | $2,100 |
Peterstown 3 Bedroom Homes for Rent | $2,839 | $2,200 | $4,000 |
Peterstown 4 Bedroom Homes for Rent | $3,350 | $2,700 | $4,000 |
Peterstown 5 Bedroom Homes for Rent | $3,900 | $3,900 | $3,900 |
Peterstown 6 Bedroom Homes for Rent | $3,350 | $3,350 | $3,350 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 1 mile radius of the Peterstown Neighborhood of Elizabeth, NJ.
Explore Elizabeth
Peterstown, Elizabeth, NJ Local Guide
- Nearby Elizabeth neighborhoods
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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 $1,595. 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 | $1,595 |
Watson Apartments | Studio | Studio,1BA | $1,618 |
Turtle Village | 1 Bedroom | 1BR,1BA | $1,776 |
Best Value Apartments for Rent in Peterstown, NJ
As of May 16, 2025 the best value apartment in the Peterstown area is the $0.23 price per square foot 16 Delaware St Model at 16 Delaware St, Unit 16 delaware st in the in the Elizabeth Port neighborhood starting from $2,300. The second greatest value Peterstown apartment is the 956 William St Model at 956 William St starting at $2,400 with a $1.18 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. |
---|---|---|---|
16 Delaware St, Unit 16 delaware st | 16 Delaware St | 3BR,1BA | $0.23 |
956 William St | 956 William St | 3BR,1BA | $1.18 |
Luxury Rental With Private Parking | 2BR/2.0BA | 2BR,2BA | $2.36 |
The Madison at Elizabeth | 006 2 Bedroom 2 Bath | 2BR,2BA | $2.06 |
130 4th St, Unit 2 | 130 4th St | 3BR,2BA | $2.40 |
43 Delaware St, Unit 2 | 43 Delaware St | 3BR,1BA | $2.35 |
The Grand at Penn | 1 Bed / 1 Bath | 1BR,1BA | $2.43 |
333 E Jersey St, Unit 3A | 333 E Jersey St | 2BR,1BA | $2.31 |
224 3rd St, Unit 7 | 224 3rd St | 2BR,1BA | $2.50 |
126 3rd St, Unit 2 | 126 3rd St | 2BR,1BA | $2.38 |
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.
Frequently Asked Questions about Peterstown
What type of rentals are currently available in Peterstown?
There are currently 507 Apartments for Rent in Peterstown, NJ with pricing that ranges from $1,440 to $3,751. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterstown ranging from $1,850 to $4,000.
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 $1,850 to $4,000 with an average monthly rent of $2,898.
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 $2,295 to $3,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $2,395.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
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Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.