Cheap Apartments for Rent in Pennington, NJ from $790 (43 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Franklin Arms
1 to 2 Bedroom Apartments

Franklin Arms

161 Franklin Corner RdLawrenceville, NJ 08648

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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564 Grand Ave
2 Bedroom Apartments

564 Grand Ave

564 Grand AveEwing, NJ 08628
  • Utilities Included

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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Showing Results 1-43, Page 1 of 1

Pennington, NJ Local Guide

Cheapest Neighborhoods for Apartments in Pennington, NJ

Pricing Updated: 09/05/2026

Current apartment rentals in the Pennington, NJ area range in price from $1,215 to $10,246 with an overall median price of $2,387. Here is today’s list neighborhoods with the lowest median pricing for Pennington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
King's Gate North and East$2,385$1,37584
Pennington Hopewell$2,390$1,21550

Cheapest Available Pennington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pennington, NJ is a 1 Bed unit found at Birchwood at Hopewell (55+) Community in the King's Gate North and East neighborhood priced from $1,375. Lafayette House in the Mill Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,448. Here is today’s list of the most affordable Pennington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Birchwood at Hopewell (55+) Community1 Bedroom1BR,1BA$1,375
Lafayette House1 BR/1 Ba1BR,1BA$1,448
The Gardens at Birmingham2 Bedroom Townhouse2BR,1BA$1,579
Brookfield Gardens$2.06/sq.ft. - 1 bedroom1BR,1BA$1,600
River's Edge ApartmentsOne Bedroom1BR,1BA$1,650
Eastgate ApartmentsONE BEDROOM1BR,1BA$1,675
Franklin Arms1 Bed 1 Bath1BR,1BA$1,715
Delaware Heights1 Bedroom1BR,1BA$1,730
White Pine Townhomes and Apartments1 BEDROOM SECOND FLOOR1BR,1BA$1,835
Ewing Town Center ApartmentsNEW PHASE: Carnegie X1BR,1BA$1,840

Best Value Apartments for Rent in Pennington, NJ and Nearby

As of September 06, 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 3 Bedroom Model at Yorkshire Meadows starting at $3,450 with a $2.14 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
Yorkshire Meadows3 Bedroom3BR,2.5BA$2.14
Carriage Park at Lawrence (55+)Two Bedroom2BR,2BA$1.74
The Gardens at Birmingham2 Bedroom Townhouse2BR,1BA$1.58
Sturwood Hamlet ApartmentsOne Bedroom/den1BR,1BA$2.07
White Pine Townhomes and Apartments1 BEDROOM FIRST FLOOR1BR,1BA$2.04
Carlton Apartments1 Bedroom1BR,1BA$2.11
Delaware Heights1 Bedroom1BR,1BA$2.18
Lafayette House1 BR/1 Ba1BR,1BA$1.82
Birchwood at Hopewell (55+) Community1 Bedroom1BR,1BA$2.05

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Best Local Schools in
Pennington, NJ

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Pennington, NJ Rentals by Map

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Frequently Asked Questions about Cheap Pennington Apartments

What is the Cheapest Studio apartment in Pennington?

Currently the most affordable Cheap Studio Apartment in Pennington is at Ewing Town Center Apartments listed at $1,845.

How much is rent for a Cheap One Bedroom Pennington Apartment?

The lowest price for a Cheap One Bedroom Pennington Apartment is $1,375 at Birchwood at Hopewell (55+) Community.

What is the lowest price for a Cheap Two Bedroom Pennington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Pennington is starting from $1,579 at The Gardens at Birmingham.

What is the most affordable Pennington Three Bedroom Apartment?

The best deal on a cheap Pennington Three Bedroom Apartment rental is at River's Edge Apartments and starts from $2,150.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.