What's the average rent in Pennington, NJ?
Rental Market Trends in Pennington, NJ
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Pennington, NJ is $2,800 per month, which is 45% higher than the national average rent of $1,930 per month.
AVERAGE RENT
$2,800
-1.9%-$54 decrease month-over-month
3.7%$100 increase year-over-year
AVAILABLE RENTALS
26
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, apartments are the most affordable rental option in Pennington, NJ at $2,500 per month, while houses are the most expensive at $6,775 per month. Townhomes average $3,350 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 | $2,800 |
| 3 Bedrooms | $3,400 |
| 4 Bedrooms | $4,900 |
| All | $2,800 |
As of May 2026, the average rent for a 1 bedroom rental in Pennington, NJ is $1,900 per month, followed by $2,800 for a 2 bedroom rental, $3,400 for a 3 bedroom rental, and $4,900 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $2,800 |
| 3 Bedrooms | $3,400 |
| 4 Bedrooms | $4,300 |
| All | $3,350 |
As of May 2026, the average rent for a 2 bedroom townhome in Pennington, NJ is $2,800 per month, followed by $3,400 for a 3 bedroom townhome, and $4,300 for a 4 bedroom townhome.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,900 |
| 2 Bedrooms | $2,800 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $2,750 |
As of May 2026, the average rent for a 1 bedroom apartment in Pennington, NJ is $1,900 per month, followed by $2,800 for a 2 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $2,800 |
| 3 Bedrooms | — |
| 4 Bedrooms | $6,775 |
| All | $6,775 |
As of May 2026, the average rent for a 2 bedroom house in Pennington, NJ is $2,800 per month, followed by $6,775 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +20% compared to the previous year, which is a +$476 increase.
This year (2026)
Last year (2025)
Rent distribution
55% of rentals have rent of $2,200-$2,999/month
Rental price range
The price range for rentals is $1,375 to $6,775.
