Princeton City, NJ Rental Market Trends
Last updated: April 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Princeton City is $3,312, a 4.24% increase compared to the previous year, when the average rent was $3,177.
One-bedroom apartments provide 759 square feet for $2,887, balancing privacy and affordability.
Two-beedroom units at $3,599 offer 1,136 square feet, perfect for roommates or small families.
Average rent in Princeton City, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $3,312 | 979 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,887 | 759 sq. ft. |
| 2 Beds | $3,599 | 1,136 sq. ft. |
| 3 Beds | n/a | n/a |
Princeton City, NJ rent trends
Rental prices in Princeton City, NJ have increased by 4.24% over the past year. The average rent moved from $3,177 to $3,312.
What's the typical rent budget in Princeton City, NJ?
The largest share of rentals in Princeton City, NJ (64%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Princeton City, NJ?
3,007 or 41% of the households in Princeton City, NJ are renter-occupied while 4,296 or 59% are owner-occupied.
How Princeton City Compares to Other Cities
| City | Average Rent |
|---|---|
| Princeton City | $3,312 |
| Jersey City | $3,687 |
| Jersey Shore | $2,159 |
| Newark | $1,729 |
| East Orange | $1,899 |
| Bayonne | $2,576 |
| Paterson | $1,734 |
| Elizabeth | $1,868 |
| Hoboken | $4,492 |
| Camden | $1,453 |
| Rahway | $2,445 |
| New Brunswick | $2,595 |
| Morrisville, PA | $1,850 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Princeton City apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.