Princeton, NJ Rental Market Trends
What is the average rent in Princeton?
The average rent for an apartment in Princeton is $2,911. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Princeton, NJ
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $2,911 | 1,087 sq. ft. |
What is the average apartment size in Princeton?
The average size for a Princeton, NJ apartment is 1,087 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Princeton, NJ apartment rent ranges
Princeton, NJ Occupied Housing Units
6,950 or 37% of the households in Princeton, NJ are renter-occupied while 11,745 or 63% are owner-occupied.
Princeton, NJ rent trends
How Princeton Compares to Other Cities
| State | Average Rent |
|---|---|
| Jersey City | $3,577 |
| Jersey Shore | $1,974 |
| Elizabeth | $1,772 |
| Manasquan | $2,178 |
| Newark | $1,507 |
| Passaic | $1,755 |
| Red Bank | $2,236 |
| Princeton | $2,911 |