Cheap Apartments for Rent in Pennington, NJ from $700 (26 Rentals)

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-26, Page 1 of 1

Pennington, NJ Local Guide

Cheapest Neighborhoods for Apartments in Pennington, NJ

Pricing Updated: 03/04/2026

Current apartment rentals in the Pennington, NJ area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Pennington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Pennington Hopewell$2,995$1,21550
King's Gate North and East$3,295$1,54987

Cheapest Available Pennington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pennington, NJ is a 1 Bed unit found at Lafayette House in the Mill Hill neighborhood priced from $1,263. Colonial Gardens Trenton Proud LLC in the Mill Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. Here is today’s list of the most affordable Pennington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lafayette House1 BR/1BaS1BR,1BA$1,263
Colonial Gardens Trenton Proud LLC1BR GROUND FLOOR1BR,1BA$1,450
Woodbrook House ApartmentsOne Bedroom1BR,1BA$1,575
The Gardens at Birmingham2 Bedroom Townhouse2BR,1BA$1,579
Birchwood at Hopewell (55+) Community2 Bedroom2BR,1BA$1,596
Brookfield Gardens$2.06/sq.ft. - 1 bedroom1BR,1BA$1,600
River's Edge ApartmentsOne Bedroom1BR,1BA$1,650
Carlton Apartments1 Bedroom1BR,1BA$1,695
Ewing Town Center ApartmentsNEW PHASE: Kilmer IIIStudio,1BA$1,695
Parkside ManorTwo Bedrooms2BR,1BA$1,715

Best Value Apartments for Rent in Pennington, NJ and Nearby

As of March 04, 2026 the best value apartment in the Pennington area is the $1.19 price per square foot 1 BR w/Basement 1,650 sq.ft. Model at Parkside Court in the in the East Trenton neighborhood starting from $1,970. The second greatest value Pennington apartment is the Two Bedroom Model at Carriage Park at Lawrence (55+) starting at $2,275 with a $1.88 price per square foot in the Hutchinson Mills neighborhood. Here is today’s list of the best values for Pennington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkside Court1 BR w/Basement 1,650 sq.ft.1BR,1BA$1.19
Carriage Park at Lawrence (55+)Two Bedroom2BR,2BA$1.88
The Gardens at Birmingham2 Bedroom Townhouse2BR,1BA$1.56
Sturwood Hamlet ApartmentsOne BR w/Den1BR,1BA$2.07
White Pine Townhomes and Apartments1 BEDROOM FIRST FLOOR1BR,1BA$2.04
Parkside ManorTwo Bedrooms2BR,1BA$1.91
Carlton Apartments1 Bedroom1BR,1BA$1.94
Birchwood at Hopewell (55+) Community2 Bedroom2BR,1BA$1.93
Colonial Gardens Trenton Proud LLC1BR GROUND FLOOR1BR,1BA$1.77
Lafayette House1 BR/1BaS1BR,1BA$2.08

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pennington, NJ

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Explore Pennington, NJ Rentals by Map

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See the most popular apartments and homes in Pennington, NJ

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Frequently Asked Questions about Cheap Pennington Apartments

What is a cheap apartment in Pennington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Pennington is under $1,715.

What is the price of a cheap apartment in Pennington?

The cheapest apartment in Pennington is Lafayette House which is listed at $1,259, while the average apartment in Pennington costs $3,145.

What types of apartments are the cheapest in Pennington?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Pennington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Pennington?

Cheap apartments in Pennington have an average cost of $594 which is $2,551 cheaper than the average rent for all rentals in Pennington.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.