Pennington

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Pennington, NJ Area Guide

Avg Rent

$2,446

Population

2,762

Renter Mix

19% Rent

Charming small-town atmosphere just minutes from Trenton and Princeton.

Small Town Suburb Commuter Schools Safe Family-Friendly

Pennington is a one-square-mile borough in Mercer County where the downtown has held the line against chain stores, keeping its block of indie shops and local eateries refreshingly intact. Sitting roughly halfway between Philadelphia and New York City, this small town puts both Princeton and Trenton within a 20-minute drive, making it a smart base for commuters who still want to come home to tree-lined streets and a genuine sense of place. Every May, Pennington Day fills the downtown district with neighbors, music, and local vendors — a street festival that’s become a beloved community tradition. The borough’s name itself carries history: once called Queenstown in honor of Queen Anne, it gradually evolved into Pennington by the mid-1700s.

Outdoor enthusiasts will find plenty to explore at the sprawling Rosedale Park and Mercer Meadow just outside town, where trails wind through open land ideal for hiking, biking, and horseback riding. The rental landscape here tends toward cozy townhomes and smaller apartment communities that reflect the borough’s intimate scale, with one- and two-bedroom floor plans being the most common options for renters looking to settle into this close-knit corner of central New Jersey.

Demographics

Median Household Income

$145,088

Average: $165,222

Education

1,604

Residents Have a Degree

Job Market

1,431

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

47 Years

Largest Age Group

50-59 Years

Approximately 14% of Residents

Under 20

24%

Over 65

24%

Housing Distribution

Pennington has more homeowners than renters.

Renters
19%
Non-Renters
81%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
54%
Other Education
46%

Rent Trends

As of April 2026, the average apartment rent in Pennington, NJ is $2,446 for one bedroom, and $3,031 for two bedrooms. Apartment rent in Pennington has decreased by -8.2% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$2,446/month
965 Sq Ft
See Rental Market Trends in Pennington, NJ

Getting Around

Somewhat Walkable

Walkability

30 / 100

Minimal Public Transit

Transit

10 / 100

Exceptionally Drivable

Drivability

100 / 100

Moderately Bikeable

Bikeability

60 / 100

Schools

Stony Brook Elementary School

Public

Grades PK-5

400 Students

Toll Gate/Grammar Elementary School

Public

Grades PK-5

310 Students

Timberlane Middle School

Public

Grades 6-8

780 Students

Mercer County Technical School Stem Academy

Public

Grades 9-12

119 Students

Central High School

Public

Grades 9-12

1,079 Students

Points of Interest

Parks and Recreation

  • Watershed Center & Reserve
  • Stony Brook Millstone Watershed Association
  • Terhune Orchards
  • Washington Crossing State Park
  • Simpson Observatory

Airports

  • Trenton Mercer

Top Apartments in Pennington

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.