What's the average rent in Pennington, NJ?

Rental Market Trends in Pennington, NJ

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Pennington, NJ is $3,180 per month, which is 62% higher than the national average rent of $1,962 per month.

AVERAGE RENT

$3,180

2.6%$80 increase month-over-month

-3.6%-$120 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$2,400

HOUSES

$3,700

TOWNHOUSES

$3,550

As of August 2026, apartments are the most affordable rental option in Pennington, NJ at $2,400 per month, while houses are the most expensive at $3,700 per month. Townhomes average $3,550 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,900
2 Bedrooms	$2,550
3 Bedrooms	$3,550
4 Bedrooms	$4,600
All	$3,180

As of August 2026, the average rent for a 1 bedroom rental in Pennington, NJ is $1,900 per month, followed by $2,550 for a 2 bedroom rental, $3,550 for a 3 bedroom rental, and $4,600 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,950
3 Bedrooms	$3,500
4 Bedrooms	$4,600
All	$3,550

As of August 2026, the average rent for a 2 bedroom townhome in Pennington, NJ is $2,950 per month, followed by $3,500 for a 3 bedroom townhome, and $4,600 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,900
2 Bedrooms	$2,550
3 Bedrooms	—
4 Bedrooms	$3,433
All	$2,550

As of August 2026, the average rent for a 1 bedroom apartment in Pennington, NJ is $1,900 per month, followed by $2,550 for a 2 bedroom apartment, and $3,433 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,300
3 Bedrooms	$3,700
4 Bedrooms	$3,800
All	$3,700

As of August 2026, the average rent for a 2 bedroom house in Pennington, NJ is $2,300 per month, followed by $3,700 for a 3 bedroom house, and $3,800 for a 4 bedroom house.