The Grand at Penn
705 Newark Ave,
Elizabeth, NJ 07208
$2,295 - $2,995 | 1-2 Beds
Elizabeth
Elizabeth, NJ
Area Guide
The Garden State’s greenest city, located on Newark Bay
Waterfront
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Shopping
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Commuter
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Public Transit
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Airport
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The largest city in Union County, Elizabeth is a bustling town in northeastern New Jersey, centrally located near Staten Island, New York City, Jersey City, and Newark. Elizabeth was built on shipping and industry, but has modernized into a picturesque residential community that’s teeming with urban amenities. This city has a rich history that can be seen through the city’s grand architecture like the Elizabeth Public Library and the Union County Courthouse.
Live music venues, shopping malls, local bars and restaurants, and riverfront green spaces are just a few of the perks of living in this New Jersey suburb. Just outside of Elizabeth, you’ll discover Kean University and Warinanco Park. Top-notch shopping, dining, and entertainment options await at the famous Mills at Jersey Gardens, and the Elizabeth and North Elizabeth Train Stations keep commuting simple, along with the easy access to Interstate 95 – not to mention that the Newark Liberty International Airport is located in Elizabeth!
Rent Trends
As of April 2025, the average apartment rent in Elizabeth, NJ is $1,373 for a studio, $1,563 for one bedroom, $1,938 for two bedrooms, and $2,039 for three bedrooms. Apartment rent in Elizabeth has increased by 1.9% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,563/month
608 Sq Ft
House
$2,967/month
187 Sq Ft
Condo
$2,364/month
177 Sq Ft
Townhome
$3,070/month
1,553 Sq Ft
Cost of Living
The cost of living in Elizabeth, NJ is 14.6% higher than the national average. Generally, housing in Elizabeth is 38.4% more expensive than the national average, with rent falling between $1,372 - $2,039. You can expect to pay 3.9% more for groceries, 6.4% more for utilities, and 6.5% more for transportation.
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Transportation
79
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
47
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
53
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Schools
Public
Grades PK & 2-8
1,126 Students
9
Public
Grades PK & 2-8
1,089 Students
9
Number 21, Victor Mravlag Elementary School
Public
Grades PK-8
623 Students
8
No 4 John Battin Elementary School
Public
Grades PK-8
783 Students
6
Number 18, Robert Morris Elementary School
Public
Grades K-8
506 Students
6
Public
Grades PK & 2-8
1,126 Students
9
Public
Grades PK & 2-8
1,089 Students
9
Number 21, Victor Mravlag Elementary School
Public
Grades PK-8
623 Students
8
No 4 John Battin Elementary School
Public
Grades PK-8
783 Students
6
Number 18, Robert Morris Elementary School
Public
Grades K-8
506 Students
6
Public
Grades 9-12
1,281 Students
6
A Hamilton Preparatory Academy
Public
Grades 9-12
996 Students
5
Public
Grades 9-12
1,070 Students
3
Public
Grades 9-12
1,443 Students
1
Adm W F Halsey Leadership Academy
Public
Grades 9-12
1,299 Students
1
School data provided by
GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Points of Interest
Shopping Centers
Parks and Recreation
- Staten Island Industrial Park
- Westerleigh Park
- Faber Park
- G. Thomas DiDomenico Park
- Stephen Gregg Park
Transit / Subway
Airports
- Newark Liberty International
- Laguardia
Top Apartments in Elizabeth
Houses for Rent in Elizabeth
Property Management Companies in Elizabeth, NJ
Cammeby's
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73
Communities
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19,256
Units
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51
Cities
4 Communities in Elizabeth
CIS Management
-
28
Communities
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2,570
Units
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26
Cities
2 Communities in Elizabeth
Legow Management Company
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33
Communities
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3,838
Units
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24
Cities
2 Communities in Elizabeth
Russo Development
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16
Communities
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5,542
Units
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12
Cities
2 Communities in Elizabeth
JP Management
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12
Communities
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2,475
Units
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10
Cities
2 Communities in Elizabeth
Greystar
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3,244
Communities
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900,677
Units
-
840
Cities
1 Community in Elizabeth
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.