195 Nassau
195 Nassau St,
Princeton, NJ 08542
Call for Rent
1-3 Beds
Rental Market Trends in Princeton, NJ
What is the average rent in Princeton, NJ?
$2,656/month
Average Rent
700 Sq Ft
Average Apartment Size
-1.7%
Decrease in the Last Year
As of March 2026, the average rent in Princeton, NJ is $2,656 per month. This is 63% higher than the national average rent price of $1,626/month, making Princeton one of the most expensive cities in the US. When you rent an apartment in Princeton, you can expect to pay about $2,037 per month for a studio, $2,656 for a one-bedroom apartment, and around $3,429 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,845 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Princeton, NJ?
In the past year, rent has decreased by 1.7%, which averages out to $44 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Princeton, NJ
Last Updated March 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
10%
$1,001 - $1,500/month
5%
$1,501 - $2,000/month
86%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Princeton?
Based on current rent prices, The Estates at Princeton Junction and Princeton/Lawrenceville" are the most affordable neighborhoods in Princeton.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Princeton?
Based on current rent prices, Princeton/Lawrenceville and The Estates at Princeton Junction" are the most expensive neighborhoods in Princeton.
Neighborhood
Average Rent
Average Sq Ft
Which Princeton neighborhoods have the most rentals available?
The neighborhoods in Princeton with the most apartments available are Princeton/Lawrenceville and The Estates at Princeton Junction" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Princeton, NJ?
Because the average rent in Princeton is $2,656, you’ll want to make about $8,853 per month or $106,236 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 Princeton, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Princeton, 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.
Studio
-
$2,662/month
One Bedroom
-
$2,305/month
Two Bedroom
-
$2,971/month
Three Bedroom
-
$3,275/month
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Property Management Companies in Princeton, NJ
Greystar
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Atlantic Realty Development Corp.
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AvalonBay
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Winn Companies
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159
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1 Community in Princeton
Cammeby's
-
75
Communities
-
20,184
Units
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52
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1 Community in Princeton
Garden Communities
-
68
Communities
-
20,227
Units
-
42
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1 Community in Princeton
Living Residential LLC
-
20
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-
5,470
Units
-
19
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1 Community in Princeton
Garden Homes
-
15
Communities
-
5,301
Units
-
13
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1 Community in Princeton
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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.
* Percentages may not total 100 due to rounding.