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Princeton, NJ rent trends

Rental prices in Princeton, NJ have increased by 1.24% over the past year. The average rent moved from $3,069 to $3,107.

Check out the average rent prices in Princeton by neighborhood.

Compared to the national average rent of $1,741, the average rent in Princeton, NJ is $3,107.

Average rent in Princeton, NJ

$3,107/mo Princeton, NJ average rental price, January 2026
Image Average Rent

The average monthly rent of apartments in Princeton, NJ is $3,107.

    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 49% of apartments. Around 14% 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 (49%) 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 residents are renting compared to 61% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 20% of Princeton's rentals, 63% are small-scale complexes with under 50 units, and 17% are single-family rentals.