New Jersey is known for its beaches along the Jersey Shore to some of the most iconic landmarks in the nation, such as the Liberty Bell, the Statue of Liberty, and Ellis Island. From the bustling streets of Newark to the picturesque shorelines of Cape May, New Jersey is a state unlike any other. Discover its dynamic culture and rich heritage by visiting iconic landmarks like Liberty State Park and the Ellis Island National Museum of Immigration. And for those seeking knowledge, New Jersey is home to renowned universities like Rutgers University and Princeton University.

Whether you're an outdoor enthusiast or a sports fan, New Jersey has plenty to offer, including the New York Giants (NFL), New York Jets (NFL), New Jersey Devils (NHL), and the New Jersey Nets (NBA). Enjoy the beautiful coastline by fishing, surfing, or sailing, and hit the slopes of nearby mountains. Make sure to visit famous attractions like the Atlantic City Boardwalk, the Camden Waterfront, and the historic town of Cape May.

A state that never stops moving, New Jersey is a melting pot of cultures, experiences, and opportunities waiting to be experienced, making it a great place to call home.

Rental Market Trends

Mercer County, NJ

As of August 2025, Mercer County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Mercer County's average rent is 14.9% ($363) higher than the New Jersey average of $2,433 and 56.2% ($1,006) higher than the U.S. average of $1,790.

Average Rent

$2,796

Monthly ChangeMonth Over Month Change

4.4% ($130)

Yearly ChangeYear Over Year Change

1.7% ($47)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,909	5.2% ($95)	24.3% ($614)
2 Beds	$2,943	0.2% ($5)	8.6% ($277)
3 Beds	$4,311	1% ($42)	9.5% ($451)

Cities within Mercer County	Average Rent	Avg. Rent vs. MercerAverage Rent vs. Mercer County	Avg. Days on MarketAverage Days on Market
Trenton	$2,237	20% ($559)	29 days
Princeton	$3,909	39.8% ($1113)	35 days
Lawrence Township	$2,651	5.2% ($145)	36 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Mercer County Rental Market FAQs

Explore rental prices, market trends, and availability in Mercer County, NJ.

What is the average rent in Mercer County, NJ?

The average rent in Mercer County, NJ is $2,796 per month.

What is the rental price range for homes in Mercer County, NJ?

Homes in Mercer County typically rent for between $1,336 and $5,604 per month, with an average of $2,796 per month.

What is the average rent for different bedroom sizes in Mercer County, NJ?

In Mercer County, the average rent for a 1-bedroom home is $1,909 per month, for a 2-bedroom home, $2,943 per month, and a 3-bedroom home is $4,311 per month.

How do rent prices in Mercer County, NJ compare with the national average?

The average rent in Mercer County is 56.2% ($1,006) higher than the national average of $1,790 per month.

How have rent prices in Mercer County, NJ changed recently?

The average rent in Mercer County has decreased by 4.4% ($130) in the last month and decreased by 1.7% ($47) over the past year.

How competitive is the rental market in Mercer County, NJ?

The rental market in Mercer County, NJ, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Mercer County, NJ?

In Mercer County, NJ, the average rental stays on the market for approximately 34 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Mercer County, NJ?

There are currently 76 rental properties available in Mercer County, NJ.

Can I afford to rent a home in Mercer County, NJ?

Based on the current averages, a household would need an annual income of $117,720 to comfortably afford a 2-bedroom home in Mercer County.