What's the average rent in Princeton, NJ?

Rental Market Trends in Princeton, NJ

SOURCE: TRULIA DATA

Rental market highlights

As of July 2026, the average rent in Princeton, NJ is $3,600 per month, which is 85% higher than the national average rent of $1,951 per month.

AVERAGE RENT

$3,600
0.0%
No change month over month
1.4%
$50 increase year-over-year

AVAILABLE RENTALS

153

APARTMENTS

$3,277

HOUSES

$5,180

TOWNHOUSES

$3,800
As of July 2026, apartments are the most affordable rental option in Princeton, NJ at $3,277 per month, while houses are the most expensive at $5,180 per month. Townhomes average $3,800 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan typeAverage rent
1 Bedroom$2,500
2 Bedrooms$3,250
3 Bedrooms$4,000
4 Bedrooms$5,500
All$3,600
As of July 2026, the average rent for a 1 bedroom rental in Princeton, NJ is $2,500 per month, followed by $3,250 for a 2 bedroom rental, $4,000 for a 3 bedroom rental, and $5,500 for a 4 bedroom rental.

Average rent trends and rent ranges

Average rent price over time

In the past year, rent has increased by +5% compared to the previous year, which is a +$188 increase.
This year (2026)
Last year (2025)

Rent distribution

32% of rentals have rent of $3,000-$3,799/month

Rental price range

The price range for rentals is $653 to $21,747.
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