What's the average rent in Pennington, NJ?

Rental Market Trends in Pennington, NJ

SOURCE: TRULIA DATA

Rental market highlights

As of October 2026, the average rent in Pennington, NJ is $3,250 per month, which is 67% higher than the national average rent of $1,948 per month.

AVERAGE RENT

$3,250

-4.4%-$150 decrease month-over-month

10.2%$300 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$2,228

HOUSES

$3,850

TOWNHOUSES

$3,250

As of October 2026, apartments are the most affordable rental option in Pennington, NJ at $2,228 per month, while houses are the most expensive at $3,850 per month. Townhomes average $3,250 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,375
2 Bedrooms	$2,951
3 Bedrooms	$3,500
4 Bedrooms	$4,400
All	$3,250

As of October 2026, the average rent for a 1 bedroom rental in Pennington, NJ is $1,375 per month, followed by $2,951 for a 2 bedroom rental, $3,500 for a 3 bedroom rental, and $4,400 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$3,000
3 Bedrooms	$3,250
4 Bedrooms	$4,400
All	$3,250

As of October 2026, the average rent for a 2 bedroom townhome in Pennington, NJ is $3,000 per month, followed by $3,250 for a 3 bedroom townhome, and $4,400 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$950
2 Bedrooms	$2,950
3 Bedrooms	$3,800
4 Bedrooms	$4,044
All	$3,850

As of October 2026, the average rent for a 1 bedroom house in Pennington, NJ is $950 per month, followed by $2,950 for a 2 bedroom house, $3,800 for a 3 bedroom house, and $4,044 for a 4 bedroom house.