Princeton

Princeton University in Downtown Princeton NJ is the heart of this town.
The Residences at Palmer Square in Downtown Princeton NJ
The Residences at Palmer Square in Downtown Princeton NJ
Tree lined streets are sprawled throughout Downtown Princeton NJ
Tree lined streets are sprawled throughout Downtown Princeton NJ

Princeton, NJ Area Guide

Ivy-League elegance in central New Jersey

College Amtrak Schools Public Transportation

Princeton, New Jersey combines historic architecture with small-town charm, all centered around its namesake Ivy League university. The campus's Gothic buildings and tree-lined pathways create a distinctive backdrop for the community. Current rental trends show steady growth, with one-bedroom apartments averaging $2,701 and two-bedroom units at $3,416, reflecting increases of 1.73% and 1.57% respectively over the past year.

Housing options range from historic properties near Nassau Street to contemporary apartment communities throughout the area. Downtown's Palmer Square features independent shops and local eateries, while the Princeton Shopping Center offers everyday conveniences. The Delaware and Raritan Canal State Park provides miles of trails for outdoor recreation, and Carnegie Lake welcomes rowing enthusiasts. The McCarter Theatre Center hosts theatrical productions and concerts throughout the year. History buffs can explore Morven Museum and Garden, a National Historic Landmark, and Princeton Battlefield State Park, site of a significant Revolutionary War battle. Located halfway between New York City and Philadelphia, Princeton offers convenient transit options, including the Princeton Shuttle (locally known as the "Dinky") connecting to NJ Transit's Northeast Corridor line.

Explore the City

The Residences at Palmer Square in Downtown Princeton NJ

Tree lined streets are sprawled throughout Downtown Princeton NJ

Tree lined streets are sprawled throughout Downtown Princeton NJ

The shops at Palmer Square offer many restaurants

The shops at Palmer Square offer many restaurants

Students can be seen going in and out of Princeton University.

Rent Trends

As of March 2026, the average apartment rent in Princeton, NJ is $2,041 for a studio, $2,687 for one bedroom, $3,435 for two bedrooms, and $3,841 for three bedrooms. Apartment rent in Princeton has decreased by -0.5% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$2,687/month
700 Sq Ft
House
$4,585/month
1,806 Sq Ft
Condo
$2,542/month
953 Sq Ft
Townhome
$3,621/month
795 Sq Ft
See Rental Market Trends in Princeton, NJ

Getting Around

Explore how walkable, bikeable, drivable, and transit-friendly Princeton, NJ is for everyday living.

Car-Dependent

45 / 100

This area is considered a car-dependent area and most errands will require a car.

Bikeable

59 / 100

While there’s some bike infrastructure in this area, you’ll still need a car for many errands.

Schools

Littlebrook School

Public

Grades PK-5

Princeton Charter School

Public

Grades K-8

Riverside Elementary School

Public

Grades PK-5

Johnson Park School

Public

Grades PK-5

Princeton Charter School

Public

Grades K-8

J Witherspoon Middle School

Public

Grades 6-8

Princeton High School

Public

Grades 9-12

Points of Interest

Parks and Recreation

  • Morven Museum & Garden
  • Marquand Park
  • Princeton Battlefield State Park
  • Terhune Orchards
  • Mapleton Preserve

Airports

  • Trenton Mercer

Top Apartments in Princeton

Houses for Rent in Princeton

Property Management Companies in Princeton, NJ

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.