Apartments for Rent in Pennington, NJ

Prices and availability in Pennington, NJ were last updated on 3 Aug 2026.

The best apartments in Pennington, NJ are: Birchwood at Hopewell 55+, One Hundred Forge and 102 Shrewsbury Court, Unit 102.

The price range for a 1-bedroom apartment in Pennington, NJ is between $1,375 and $3,065.

The price range for a 2-bedroom apartment in Pennington, NJ is between $1,635 and $3,554.

In Pennington, 18% of the residents are renting compared to 82% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 20% of Pennington's rentals, 48% are small-scale complexes with under 50 units, and 32% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Pennington are about 8 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Pennington come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 48% of the total apartments in the city, while 2-bedroom floorplans represent around 47% of all rentals in Pennington. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.