One Hundred Forge
100 Forge Cir,
Pennington, NJ 08534
1-2 Beds | $2,553 - $3,286
Rental Market Trends in Pennington, NJ
Updated July 2026
The average rent in Pennington, NJ is $2,687/month.
Rent in Pennington is 62% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.
$2,687/month
Average Rent
965 Sq Ft
Average Size
+9.4%
Change / Year
47
Available Apartments
Pennington rent varies by unit size and layout:
- Studio apartments in Pennington average per month.
- One-bedroom apartments in Pennington average $2,687 per month.
- Two-bedroom apartments in Pennington average $3,164 per month.
- Three-bedroom apartments in Pennington average or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Pennington, NJ?
In the past year, rent has increased by 9.4%, which averages out to $252 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Pennington, NJ
July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Pennington?
Based on current rent prices, Pennington/Hopewell is the most affordable neighborhood in Pennington.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Pennington?
Based on current rent prices, Pennington/Hopewell is the most expensive neighborhood in Pennington.
Neighborhood
Average Rent
Average Sq Ft
Which Pennington neighborhoods have the most rentals available?
The neighborhood in Pennington with the most apartments available is Pennington/Hopewell .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Pennington, NJ?
Because the average rent in Pennington is $2,687, you’ll want to make about $8,956 per month or $107,472 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Pennington, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Pennington, NJ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Pennington Area GuideStudio
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-
One Bedroom
$2,656/month
$2,656/month
Two Bedroom
$3,400/month
$3,400/month
Three Bedroom
$3,557/month
$3,557/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Pennington We Think You'll Love
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Frequently Asked Questions
What is the average rent in Pennington?
The average rent in Pennington is $2,687 per month, which is 61.6% higher than the national average of $1,663.
Are rents going up or down in Pennington?
Rents in Pennington, NJ are increasing, with prices up 9.4% year-over-year and $252 more per month.
What rent range is most common in Pennington?
In Pennington, NJ, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 June 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.
* Percentages may not total 100 due to rounding.