Homes & Apartments for Rent in Pennington, NJ

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What to Know About

Life in Pennington & Beyond

Pennington shares many of the great qualities that make New Jersey a desirable place to live.

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 June 2026, 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 5.6% ($136) lower than the New Jersey average of $2,449 and 28.7% ($516) higher than the U.S. average of $1,797.

Average Rent
$2,313
Monthly ChangeMonth Over Month Change
Decreased3.4% ($81)
Yearly ChangeYear Over Year Change
Decreased22% ($653)
Avg. Days on MarketAverage Days on Market
34
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,833 Decreased16.6% ($364) Increased3.9% ($69)
2 Beds $2,613 Decreased3.5% ($96) Decreased10.7% ($314)
3 Beds $3,212 Decreased14% ($523) Decreased21.8% ($894)
Cities within Mercer County Average Rent Avg. Rent vs. MercerAverage Rent vs. Mercer County Avg. Days on MarketAverage Days on Market
Trenton $1,997 Decreased13.7% ($316) 29 days
Princeton $3,222 Increased39.3% ($909) 35 days
Hightstown $2,812 Increased21.6% ($499) 33 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.

The average rent in Mercer County, NJ is $2,313 per month.
Homes in Mercer County typically rent for between $1,283 and $4,176 per month, with an average of $2,313 per month.
In Mercer County, the average rent for a 1-bedroom home is $1,833 per month, for a 2-bedroom home, $2,613 per month, and a 3-bedroom home is $3,212 per month.
The average rent in Mercer County is 28.7% ($516) higher than the national average of $1,797 per month.
The average rent in Mercer County has decreased by 3.4% ($81) in the last month and decreased by 22.0% ($653) over the past year.
The rental market in Mercer County, NJ, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 95 rental properties available in Mercer County, NJ.
Based on the current averages, a household would need an annual income of $104,520 to comfortably afford a 2-bedroom home in Mercer County.
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