Rentometer, Inc. | Data as of 10/22/2025
Princeton, New Jersey, blends Ivy League prestige with a vibrant, walkable downtown, making it one of the most sought‑after rental markets in the state. The city’s historic architecture, leafy streets, and close proximity to world‑class cultural venues such as the Princeton University Art Museum and the McCarter Theatre create a lively atmosphere that appeals to students, professionals, and families alike. Excellent public transit options, including the NJ Transit Princeton Junction station, connect residents to New York City and Philadelphia, adding further appeal to the area’s diverse rental community.
The rental inventory in Princeton offers a balanced mix of contemporary apartments and classic single‑family homes. Studio apartments typically sit in the $2600s, while one‑bedroom units often fall within the $2800‑$3000 range. Two‑bedroom apartments commonly command rents in the $3800‑$4100 bracket, and larger three‑bedroom apartments reach the $5000 range. For those preferring a house, one‑bedroom homes hover around $2600‑$3000, two‑bedroom homes are frequently priced near $3500‑$4000, three‑bedroom homes approach $5000, and spacious four‑plus‑bedroom properties can exceed $6500. This variety ensures that renters can find accommodations that match both lifestyle preferences and budget expectations.
Neighborhoods such as the historic downtown district, Witherspoon, and the charming Princeton Junction area each offer distinct character—from boutique shops and lively cafés to tranquil, tree‑lined streets perfect for families. The city's renowned schools, extensive park system, and vibrant dining scene further enhance its desirability. Whether you’re seeking a modern apartment steps from campus or a spacious home in a peaceful suburb, Princeton’s rental market provides an inviting array of options for every renter.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $2,659 | $2,630 | $2,455 - $2,930 | $2,532 - $2,775 |
| Apartment | 1 Bedroom | $2,864 | $3,024 | $620 - $3,950 | $2,790 - $3,335 |
| Apartment | 2 Bedroom | $4,051 | $3,895 | $1,349 - $6,729 | $3,495 - $4,845 |
| Apartment | 3 Bedroom | $4,823 | $5,020 | $1,558 - $6,329 | $4,635 - $5,250 |
| House | 1 Bedroom | $2,686 | $2,747 | $2,000 - $3,250 | $2,500 - $3,250 |
| House | 2 Bedroom | $4,016 | $3,500 | $2,800 - $7,000 | $3,400 - $4,000 |
| House | 3 Bedroom | $5,087 | $4,947 | $3,300 - $7,000 | $4,500 - $6,000 |
| House | 4+ Bedroom | $6,933 | $6,500 | $4,500 - $13,500 | $5,500 - $7,900 |
In the current period, the average rent in Princeton was $2,659 for Studio, $2,848 for 1 Bedroom, $4,046 for 2 Bedroom, $5,020 for 3 Bedroom, and $6,128 for 4+ Bedroom.
Data provided by Rentometer, Inc.