House for rent

Updated 5+ Days Ago

515 Walnut Street
515 Walnut Street, #2, Elizabeth, New Jersey 07201, United States

Monthly rent	$3,250
Beds	3
Baths	2
Sqft	–

Monthly rent	$3,250
Beds	3
Baths	2
Sqft	–

Updated 5+ Days Ago

Highlights

New Construction

Open floor plan
Modern finishes throughout
In-home laundry included

Location

515 Walnut Street, #2, Elizabeth, New Jersey 07201, United States

Tour 515 Walnut Street

Contact

Maoly Beras

Alliance Realty

(908) 587-5222 ext. 135

Amenities for 515 Walnut Street

Features

Air Conditioning

Appliances

Oven

Community

Onsite Laundry

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Building details

Property details

Lease terms	1+ month

About 515 Walnut Street

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Houses in Elizabeth

515 Walnut Street, #2, Elizabeth, New Jersey 07201, United States

Newly built in 2025! Beautiful 3-bedroom, 2-bathroom rental featuring a bright open floor plan with modern finishes throughout. In-home laundry included for your convenience. Enjoy the comfort and efficiency of brand-new construction. Conveniently located near the train station with service to NYC in just 30 minutes, and only a 35-minute drive to the city. Close to colleges, caf s, restaurants, and major shops. Available for immediate occupancy schedule your showing today!

Property highlights

How 515 Walnut Street compares to other nearby properties.

Positives

Middle school nearby: There is a middle school 2 miles away
Images Available: There are at least 10 photos of this address
Laundry available on site: Washers and dryers are available in-building or in-unit
Walk-in closet: More closet space on average

Address details

Zip code	07201
Type	House for rent

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Rent trends in Elizabeth

3-bedroom apartments at 515 Walnut Street cost about 23% more than the average rent price for 3-bedroom apartments in Elizabeth.

Median rents as of Aug 15 2026.

Elizabeth

A table of 3-bedroom apartment rental data trends in Elizabeth
Month	Median Rent
August 2024	$2,775
September 2024	$2,768
October 2024	$2,800
November 2024	$2,710
December 2024	$2,750
January 2025	$2,787
February 2025	$2,775
March 2025	$2,790
April 2025	$2,800
May 2025	$2,700
June 2025	$2,700
July 2025	$2,735
August 2025	$2,760
September 2025	$2,650
October 2025	$2,642
November 2025	$2,650
December 2025	$2,600
January 2026	$2,592
February 2026	$2,507
March 2026	$2,523
April 2026	$2,525
May 2026	$2,615
June 2026	$2,647
July 2026	$2,575
August 2026	$2,625

Affordability calculator

Can I afford to live at 515 Walnut Street?

Bedrooms

3 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$130,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $130,000 annually to afford this 3-bedrooms monthly rent price of $3,250.

For more information on rent affordability, visit our rent calculator.

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