Using the ecological approach, the goal of this study was to determine the predictors of physical and verbal peer aggressive behavior. The participants were 880 school students from the fifth to eighth grade (48% boys and 52% girls) and the same number of parents (19% fathers and 61% mothers) as well as 107 teachers. The main analysis was performed using multivariate–multilevel modeling. The following significant predictors of physical peer aggression were obtained: Boys, a greater degree of impulsivity, more parental punishment, poorer school success, more time spent with the media, and the perception of great neighborhood dangerousness. For verbal peer aggression, the significant predictors were: A greater degree of impulsivity, lower level of affective empathy, more parental punishment, lack of parental supervision, lesser peer acceptance, large differences in family income, more time spent with the media, and the perception of great neighborhood dangerousness. A moderating effect of neighborhood dangerousness and parental supervision was found. The results were interpreted within Bronfenbrenner's ecological model.