Cheap Apartments for Rent in Pennington, NJ from $700 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in Pennington.

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Franklin Arms
1 to 2 Bedroom Apartments

Franklin Arms

161 Franklin Corner RdLawrenceville, NJ 08648
Showing Results 1-19, Page 1 of 1

Pennington, NJ Local Guide

Cheapest Neighborhoods for Apartments in Pennington, NJ

Pricing Updated: 08/27/2025

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$3,135$1,21546
King's Gate North and East$3,395$1,34580

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 $1,301. Birchwood at Hopewell (55+) Community in the King's Gate North and East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,345. Here is today’s list of the most affordable Pennington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lafayette House1 BR/1BaS1BR,1BA$1,301
Birchwood at Hopewell (55+) Community1 Bedroom1BR,1BA$1,345
Versailles Apartments1 BEDROOM1BR,1BA$1,415
Parkside ManorOne Bedroom1BR,1BA$1,440
The Gardens at Birmingham2 Bedroom Townhouse2BR,1BA$1,549

Best Value Apartments for Rent in Pennington, NJ and Nearby

As of August 27, 2025 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 2 Bedroom 2 Bathroom Model at The Artisan at Lawrenceville starting at $2,629 with a $1.83 price per square foot in the Princeton Lawrenceville 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
The Artisan at Lawrenceville2 Bedroom 2 Bathroom2BR,2BA$1.83
Carriage Park at Lawrence (55+)1x11BR,1BA$1.90
The Gardens at Birmingham2 Bedroom Townhouse2BR,1BA$1.53
564 Grand Ave2 Bedroom 1 Bath2BR,1BA$1.93
Brookfield Gardens$2.08/sq.ft. - 2 Bedroom2BR,1BA$2.08
Carlton Apartments1 Bedroom1BR,1BA$2.05
Delaware Heights1 Bedroom1BR,1BA$2.10
Parkside ManorOne Bedroom1BR,1BA$2.06
Birchwood at Hopewell (55+) Community1 Bedroom1BR,1BA$2.01

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Pennington, NJ

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Getting Around Pennington, NJ

Walk Score®

33 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,670.

What is the price of a cheap apartment in Pennington?

The cheapest apartment in Pennington is Lafayette House which is listed at $1,301, while the average apartment in Pennington costs $3,265.

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 16 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 $400 which is $2,865 cheaper than the average rent for all rentals in Pennington.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.