Updated 5+ Days Ago
Highlights
- Central air conditioning
- Off-street parking
- Spacious apartment
- Convenient storage area
Location
531 Franklin St, Elizabeth, NJ 07206, USA
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Property Overview
Central air conditioning, off-street parking, a spacious apartment, and a convenient storage area are strong practical features that add everyday comfort and functionality. With 36 photos available, plus nearby top-rated schools and a top-rated high school within 0.82 miles, the listing offers helpful visibility and convenient access to local amenities.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Middle school nearby- High school nearby
- Central heat
Great for
Work-from-home
Pet owners
Social life
Amenities for 531 Franklin St
Apartment Amenities
| Air Conditioning |
Appliances
| Dishwasher |
Grounds
| Storage |
Other
| Architecture Style: Colonial | Six Rooms |
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
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
About 531 Franklin St
Property Status: Active Beautiful, freshly painted second-floor apartment in a newer two-family home. This spacious apartment features 3 bedrooms and 2 full bathrooms, along with central air conditioning and a convenient storage area. The owner may consider one small dog with approval. Off-street parking is available for an additional $100 per month. Don't miss the opportunity to make this beautiful apartment your new home! Call today to schedule a private showing. Office Phone: (201) 437-0411 Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 531 Franklin St compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 3.2 miles away
- High school nearby
- There is a high school 0.8 miles away
- Central heat
- Climate controlled environment
- Dishwasher
- Dishwasher available in kitchen
- Extra storage
- In-unit features
- Images Available
- There are at least 10 photos of this property
Considerations
- Distance from transit
- More than 2.3 miles from public transportation
- Distance from grocery stores
- The nearest grocery store is 4.8 miles away
Address details
| Zip code | 07206 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Elizabeth
3-bedroom apartments at 531 Franklin St cost about the same as the average rent price for 3-bedroom apartments in Elizabeth.
Median rents as of Oct 17 2026.
Elizabeth
| Month | Median Rent |
|---|---|
| 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 | $2,655 |
| September 2026 | $2,625 |
| October 2026 | $2,633 |
Affordability calculator
Can I afford to live at 531 Franklin St?
Bedrooms
3 bedroomsRent-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
$104,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $104,000 annually to afford this 3-bedrooms monthly rent price of $2,600.
For more information on rent affordability, visit our rent calculator.
Schools near 531 Franklin St
Sonia Sotomayor School No 25
525 first ave
elizabeth, NJ, 7206
K-8Public
C
Iprep Academy School No 8
221-227 court st
elizabeth, NJ, 7206
K-8Public
C
Dr. Martin Luther King Jr. Early Childhood Center #52
130 trumbull st
elizabeth, NJ, 7206
PKPublic
Frances C. Smith Early Childhood Center #50
1000 south elmora ave
elizabeth, NJ, 7202
PKPublic
Donald Stewart Early Childhood Center #51
544 pennsylvania ave
elizabeth, NJ, 7207
PKPublic
Neighborhood
Getting around Elizabeth near 531 Franklin St
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 531 Franklin St, Elizabeth
Groceries
10/10
Exceptional variety of groceries within a few minutes' walk
Shopping
8/10
Wide variety of shops within a few minutes' walk
Cafes
7/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
9/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
7/10
Wide variety of bars within a short drive, including some within walking distance
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