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Princeton, NJ rent trends

Rental prices in Princeton, NJ have increased by 2.36% over the past year. The average rent moved from $3,067 to $3,139.

Check out the average rent prices in Princeton by neighborhood.

Compared to the national average rent of $1,740, the average rent in Princeton, NJ is $3,139.

Average rent in Princeton, NJ

$3,139/mo Princeton, NJ average rental price, February 2026
Image Average Rent

The average monthly rent of apartments in Princeton, NJ is $3,139.

    What's the typical rent budget in Princeton, NJ?

    About 35% of apartment rents in Princeton, NJ range between $2,501-$3,000. Meanwhile, apartments around > $3,000 represent 53% of apartments. Around 10% of Princeton’s apartments are in the $2,001-$2,500 price range. 2% of apartments are priced between $1,501-$2,000.

    The largest share of rentals in Princeton, NJ (53%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Princeton, NJ

    82 /100
    Very Walkable
    78 /100
    Very Bikeable
    Walk Score®: 82, Bike Score®: 78

    Frequently asked questions

    What type of rental buildings are in Princeton, NJ?

    In Princeton 39% of the housing is rented out compared to 61% of homes are owned, according to the most recent Census Bureau estimates. 20% of Princeton's apartments are found in large buildings of 50 units or more, 63% are located in smaller apartment complexes with less than 50 units, and 17% are single-family rentals.