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 August 2025, Princeton's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Princeton's average rent is 60.7% ($1,476) higher than the New Jersey average of $2,433 and 118.4% ($2,119) higher than the U.S. average of $1,790.

Average Rent

$3,909

Monthly ChangeMonth Over Month Change

0.4% ($17)

Yearly ChangeYear Over Year Change

11% ($388)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$2,535	4.7% ($113)	15.6% ($467)
2 Beds	$3,488	0.6% ($20)	10.4% ($403)
3 Beds	$5,063	3.2% ($156)	4.1% ($201)

Nearby Cities	Average Rent	Avg. Rent vs. PrincetonAverage Rent vs. Princeton	Avg. Days on MarketAverage Days on Market
Plainsboro	$2,113	45.9% ($1796)	56 days
Skillman	$3,021	22.7% ($888)	39 days
Princeton Junction	$2,560	34.5% ($1349)	36 days
Lawrence Township	$2,651	32.2% ($1258)	36 days
Hillsborough	$2,004	48.7% ($1905)	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.

What is the average rent in Princeton, NJ?

The average rent in Princeton, NJ is $3,909 per month.

What is the rental price range for apartments in Princeton, NJ?

Apartments in Princeton typically rent for between $1,775 and $6,582 per month, with an average of $3,909 per month.

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

In Princeton, the average rent for a 1-bedroom apartment is $2,535 per month, for a 2-bedroom apartment, $3,488 per month, and a 3-bedroom apartment is $5,063 per month.

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

The average rent in Princeton is 118.4% ($2,119) higher than the national average of $1,790 per month.

How have rent prices in Princeton, NJ changed recently?

The average rent in Princeton has increased by 0.4% ($17) in the last month and increased by 11.0% ($388) over the past year.

How competitive is the rental market in Princeton, NJ?

The rental market in Princeton, 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 Princeton, NJ?

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.

How many rental properties are available in Princeton, NJ?

There are currently 11 rental properties available in Princeton, NJ.

Can I afford to rent an apartment in Princeton, NJ?

Based on the current averages, a household would need an annual income of $139,520 to comfortably afford a 2-bedroom apartment in Princeton.