Rental market snapshot for Princeton, New Jersey

Princeton, New Jersey Rental Property Market Overview

Princeton, New Jersey is a vibrant and diverse community located in Mercer County. According to the US Census, the population of Princeton in 2021 is estimated to be 30,817. This small city is home to a variety of attractions, including Princeton University, the Princeton Public Library, and the Princeton Shopping Center. The city is also known for its vibrant arts and culture scene, with a variety of galleries, theaters, and music venues. Princeton is a great place to live, work, and play, and its population continues to grow. (US Census, 2021)

The average rent for an apartment in Princeton is $3,513. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Princeton New Jersey | Cost of Living

  • The most expensive ZIP code in Princeton is 08540 with an average price of $2,742.
  • The cheapest ZIP code in Princeton is 08540 with an average price of $2,742.

Princeton ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
108540$2,742

Live near Princeton, New Jersey's Top Sights and Attractions

Nassau Park Pavilion is a shopping center located in a bustling college town. It features a variety of stores, restaurants, and entertainment options, including a movie theater and bowling alley. The center also has a large outdoor plaza with a fountain, benches, and plenty of space to relax and enjoy the sunshine. The pavilion is a popular destination for locals and visitors alike, offering something for everyone.

Community Park is a sprawling green space located in the heart of a bustling city. It features a variety of amenities, including a playground, picnic areas, walking paths, and a lake with a fountain. The park also hosts a variety of events throughout the year, such as concerts, festivals, and outdoor movies. It is a popular spot for locals and visitors alike to relax, exercise, and enjoy the outdoors.

The Princeton Battle Monument is a memorial dedicated to the Battle of Princeton, which took place during the American Revolutionary War. It stands at the site of the battle and is composed of a granite obelisk, standing at over 30 feet tall, and a bronze statue of General George Washington. The obelisk is inscribed with the names of the fallen soldiers from the battle, and the statue of Washington is depicted in a heroic pose, with his sword raised in the air. The monument is surrounded by a park, which includes a reflecting pool, a walkway, and a plaza.

The Fountain of Freedom is a stunning monument located in the heart of a bustling college town. It is a large, bronze fountain featuring a sculpture of a woman with her arms outstretched, symbolizing freedom. The fountain is surrounded by a circular pool of water, and is illuminated at night with colorful lights. Visitors can take a moment to appreciate the beauty of the fountain and reflect on the meaning of freedom.

Princeton University Chapel is a stunning Gothic Revival-style building located on the campus of Princeton University. The chapel is renowned for its beautiful stained glass windows, intricate stone carvings, and soaring spires. Inside, visitors can admire the grand organ, intricate woodwork, and a variety of religious artifacts. The chapel also hosts a variety of events throughout the year, such as concerts, lectures, and religious services.

Community Park Pool is a popular outdoor swimming pool located in a picturesque park setting. It features a large pool with a diving board, a kiddie pool, and a splash pad. The pool is surrounded by lush green grass and plenty of shade trees, making it a great spot to relax and enjoy the summer sun. There are also plenty of amenities, including a snack bar, locker rooms, and a playground.

Nassau Hall is a historic building located on the campus of a prestigious university in New Jersey. It is a large, two-story building constructed in the Georgian style and is the oldest building on the campus. It is the centerpiece of the university and is a National Historic Landmark. Inside, visitors can explore the many rooms and hallways, which contain a variety of artifacts, artwork, and memorabilia from the university's history. The building also houses the university's administrative offices and is the site of many important events, such as commencement ceremonies and other special occasions.

The Princeton University Museum of Natural History is a world-renowned museum that houses a vast collection of natural history artifacts and specimens. Visitors can explore the museum's galleries, which feature a variety of exhibits on topics such as geology, paleontology, zoology, and anthropology. The museum also offers educational programs and activities for all ages, including lectures, workshops, and field trips. With its interactive displays, hands-on activities, and engaging exhibits, the Princeton University Museum of Natural History is a must-see destination for anyone interested in learning more about the natural world.

The Historical Society of Princeton is a museum and research center dedicated to preserving and sharing the history of Princeton and the surrounding area. It houses a collection of artifacts, documents, photographs, and other materials related to the history of the area. Visitors can explore the museum's galleries and exhibits, attend lectures and workshops, and participate in educational programs. The Society also offers a variety of research services, including access to its archives, library, and other resources.

Princeton Battlefield is a historic site located in Princeton, New Jersey. It is the site of the Battle of Princeton, a pivotal battle of the American Revolutionary War. The battlefield is now a National Historic Landmark and is open to the public. Visitors can explore the grounds and view monuments, cannons, and other artifacts from the battle. The park also features a museum and interpretive center, which provides information about the battle and the history of the area.

Princeton, New Jersey area median rent change by ZIP code map

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How does Princeton compare to other cities in New Jersey?

citymedian price
Cedarville$3,085
Montclairship$2,900
Oceanship$2,800
Milford$2,700
Laceyship$2,300
Atlantic City$1,395

Average household income in Princeton area graph - US Census

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The median household income in Princeton in 2021 was $165,149. This represents a 54.8% change from 2011 when the median was $106,686.

#categorypercent
0Less than $10,0003.5%
1$10,000 to $14,9992.4%
2$15,000 to $19,9993.0%
3$20,000 to $24,9992.9%
4$25,000 to $29,9991.8%
5$30,000 to $34,9991.4%
6$35,000 to $39,9991.9%
7$40,000 to $44,9991.9%
8$45,000 to $49,9991.4%
9$50,000 to $59,9993.5%
10$60,000 to $74,9996.0%
11$75,000 to $99,9999.0%
12$100,000 to $124,9996.1%
13$125,000 to $149,9995.7%
14$150,000 to $199,9999.8%
15$200,000 or more39.7%

Neighborhoods in Princeton

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Princeton is $3,513.
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