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Rental Market Trends in Princeton, TX

What is the average rent in Princeton, TX?

$1,339/month

Average Rent

756 Sq Ft

Average Apartment Size

+0.7%

Increase in the Last Year

As of March 2026, the average rent in Princeton, TX is $1,339 per month. This is 18% lower than the national average rent of $1,626/month, making renting in Princeton more affordable than most cities in the US. When you rent an apartment in Princeton, you can expect to pay about $1,138 per month for a studio, $1,339 for a one-bedroom apartment, and around $1,663 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,072 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,138/month
622 Sq Ft
One Bedroom
$1,339/month
756 Sq Ft
Two Bedroom
$1,663/month
1,083 Sq Ft
Three Bedroom
$2,072/month
1,491 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,911/month
1,529 Sq Ft
Four Bedroom
$2,312/month
2,114 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,049/month
1,781 Sq Ft

How much has average rent changed in Princeton, TX?

In the past year, rent has increased by 0.7%, which averages out to $9 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 March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Princeton, TX
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Princeton, TX
Percentage*
Rent Range
0% Below $700/month
9% $700 - $1,000/month
45% $1,001 - $1,500/month
27% $1,501 - $2,000/month
18% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Princeton?

Based on current rent prices, Rowlett/Wylie and Princeton/NE Collin County" are the most affordable neighborhoods in Princeton.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Rowlett/Wylie
$1,380/month
768 Sq Ft
Princeton/NE Collin County
$1,404/month
757 Sq Ft

What are the most expensive neighborhoods in Princeton?

Based on current rent prices, Princeton/NE Collin County and Rowlett/Wylie" are the most expensive neighborhoods in Princeton.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Princeton/NE Collin County
$1,404/month
757 Sq Ft
Rowlett/Wylie
$1,380/month
768 Sq Ft

Which Princeton neighborhoods have the most rentals available?

The neighborhoods in Princeton with the most apartments available are Princeton/NE Collin County and Rowlett/Wylie" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Princeton/NE Collin County
$1,404/month
757 Sq Ft
Rowlett/Wylie
$1,380/month
768 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Princeton, TX?

Because the average rent in Princeton is $1,339, you’ll want to make about $4,463 per month or $53,556 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.

City

Princeton, TX

987 Available Apartments for Rent

Search for Nearby Apartments

How does Princeton, TX compare to other nearby cities and neighborhoods?

Use the tool below to compare Princeton, TX 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.

Explore the Area Guide for Princeton, TX

Apartment Averages

Rowlett/Wylie

Princeton, TX

Princeton/NE Collin County

Princeton, TX

Studio
$1,070/month
$1,091/month
One Bedroom
$1,340/month
$1,293/month
Two Bedroom
$1,631/month
$1,717/month
Three Bedroom
$2,120/month
$2,204/month
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Nearby City Rent Trends

  • Fairview Average Rent
  • Farmersville Average Rent
  • Melissa Average Rent
  • Wylie Average Rent

Apartment communities in Princeton we think you'll love

The Whitley

The Whitley

596 N Beauchamp Blvd,
Princeton, TX 75407

$1,300 - $2,255

1-2 Beds

Townhomes at Princeton Meadows

Townhomes at Princeton Meadows

1413 Orchid Dr,
Princeton, TX 75407

$1,850 - $2,199

3 Beds

Oxenfree Princeton

Oxenfree Princeton

1525 FM 982,
Princeton, TX 75407

$1,799 - $2,849

2-4 Beds

Hazelwood Place Apartments

Hazelwood Place Apartments

899 E Hazelwood St,
Princeton, TX 75407

$1,334 - $2,501

1-4 Beds

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United States Texas Princeton Rental Trends

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.

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Equal Housing Opportunity