Find Homes & Apartments for Rent in Princeton, NJ

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What to Know About

Life in Princeton & Beyond

Princeton 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

Princeton, NJ

As of March 2025, Princeton's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Princeton's average rent is 49.6% ($1,217) higher than the New Jersey average of $2,456 and 105.4% ($1,885) higher than the U.S. average of $1,788.

Average Rent
$3,673
Monthly ChangeMonth Over Month Change
Increased5.8% ($201)
Yearly ChangeYear Over Year Change
Increased13.2% ($429)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,562 Increased4.3% ($105) Increased12.6% ($287)
2 Beds $3,515 Increased4.5% ($150) Increased16% ($484)
3 Beds $4,892 Increased3.1% ($146) Increased17.6% ($733)
Nearby Cities Average Rent Avg. Rent vs. PrincetonAverage Rent vs. Princeton Avg. Days on MarketAverage Days on Market
Plainsboro $2,119 Decreased42.3% ($1554) 56 days
Skillman $2,815 Decreased23.4% ($858) 39 days
Lawrence Township $2,411 Decreased34.4% ($1262) 36 days
Monmouth Junction $2,018 Decreased45.1% ($1655) 53 days
Hillsborough $1,783 Decreased51.5% ($1890) 36 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Princeton Rental Market FAQs

Explore rental prices, market trends, and availability in Princeton, NJ.

The average rent in Princeton, NJ is $3,673 per month.
Homes in Princeton typically rent for between $1,793 and $6,360 per month, with an average of $3,673 per month.
In Princeton, the average rent for a 1-bedroom home is $2,562 per month, for a 2-bedroom home, $3,515 per month, and a 3-bedroom home is $4,892 per month.
The average rent in Princeton is 105.4% ($1,885) higher than the national average of $1,788 per month.
The average rent in Princeton has increased by 5.8% ($201) in the last month and increased by 13.2% ($429) over the past year.
The rental market in Princeton, NJ, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Princeton, NJ, the average rental stays on the market for approximately 35 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 13 rental properties available in Princeton, NJ.
Based on the current averages, a household would need an annual income of $140,600 to comfortably afford a 2-bedroom home in Princeton.
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