What's the average rent in Princeton, NJ?

Rental Market Trends in Princeton, NJ

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Princeton, NJ is $3,500 per month, which is 81% higher than the national average rent of $1,930 per month.

AVERAGE RENT

$3,500

9.4%$300 increase month-over-month

1.4%$47 increase year-over-year

AVAILABLE RENTALS

152

APARTMENTS

$3,305

HOUSES

$4,950

TOWNHOUSES

$3,800

As of May 2026, apartments are the most affordable rental option in Princeton, NJ at $3,305 per month, while houses are the most expensive at $4,950 per month. Townhomes average $3,800 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$2,667
2 Bedrooms	$3,150
3 Bedrooms	$4,090
4 Bedrooms	$5,850
All	$3,500

As of May 2026, the average rent for a 1 bedroom rental in Princeton, NJ is $2,667 per month, followed by $3,150 for a 2 bedroom rental, $4,090 for a 3 bedroom rental, and $5,850 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$3,200
3 Bedrooms	$4,050
4 Bedrooms	$9,000
All	$3,800

As of May 2026, the average rent for a 2 bedroom townhome in Princeton, NJ is $3,200 per month, followed by $4,050 for a 3 bedroom townhome, and $9,000 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,700
2 Bedrooms	$2,650
3 Bedrooms	$3,900
4 Bedrooms	$4,990
All	$2,700

As of May 2026, the average rent for a 1 bedroom apartment in Princeton, NJ is $2,700 per month, followed by $2,650 for a 2 bedroom apartment, $3,900 for a 3 bedroom apartment, and $4,990 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$2,250
2 Bedrooms	$3,322
3 Bedrooms	$4,833
4 Bedrooms	$5,850
All	$4,950

As of May 2026, the average rent for a 1 bedroom house in Princeton, NJ is $2,250 per month, followed by $3,322 for a 2 bedroom house, $4,833 for a 3 bedroom house, and $5,850 for a 4 bedroom house.