The Alice
365 Terhune Rd,
Princeton, NJ 08540
$2,995 - $5,995
1-2 Beds
Rental Market Trends in Princeton, NJ
What is the average rent in Princeton, NJ?
$2,623/month
Average Rent
880 Sq Ft
Average Apartment Size
+2.9%
Increase in the Last Year
As of September 2025, the average rent in Princeton, NJ is $2,623 per month. This is 60% higher than the national average rent price of $1,639/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 $2,761 per month for a studio, $2,623 for a one-bedroom apartment, and around $3,347 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,931 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 increased by 2.9%, which averages out to $76 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated September 2025
Legend
2024
2025
Rent Ranges in Princeton, NJ
Last Updated September 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
5%
$1,001 - $1,500/month
10%
$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, Princeton/Lawrenceville, The Estates at Princeton Junction and Windsor Haven 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, Witherspoon-Jackson Dist, Downtown Princeton and Windsor Haven 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, The Estates at Princeton Junction and Downtown Princeton .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Princeton, NJ?
Because the average rent in Princeton is $2,623, you’ll want to make about $8,743 per month or $104,916 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
$2,645/month
-
One Bedroom
$2,287/month
-
Two Bedroom
$3,023/month
-
Three Bedroom
$3,444/month
-
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Property Management Companies in Princeton, NJ
AvalonBay
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236
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79,539
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Atlantic Realty Development Corp.
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Greystar
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3,357
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1 Community in Princeton
Winn Companies
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165
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1 Community in Princeton
Inland Real Estate
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77
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19,523
Units
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57
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1 Community in Princeton
Cammeby's
-
74
Communities
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19,695
Units
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52
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1 Community in Princeton
Garden Communities
-
72
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21,603
Units
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48
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1 Community in Princeton
Living Residential LLC
-
16
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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 September 2025.
* Percentages may not total 100 due to rounding.