
Cheap Homes for Rent in Pennington, NJ from $1,600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Pennington.


124 Robbins Ave

1456 Pennington Rd

25 Laurel Ave
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.

70 S Main St

39 Diverty Rd

59 Sanhican Dr

1145 Lower Ferry Rd
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.

729 Spruce St
Pennington, NJ Local Guide

How much does it cost to rent a home in Pennington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pennington 2 Bedroom Homes for Rent | $3,077 | $1,650 | $5,800 |
| Pennington 3 Bedroom Homes for Rent | $3,564 | $2,675 | $6,000 |
| Pennington 4 Bedroom Homes for Rent | $4,370 | $2,200 | $10,000+ |
| Pennington 5 Bedroom Homes for Rent | $5,250 | $2,500 | $8,000 |
| Pennington 6 Bedroom Homes for Rent | $3,750 | $3,750 | $3,750 |
Browse Top Homes for Rent in Pennington
Explore Pennington
Pennington, NJ Local Guide
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Cheapest Neighborhoods for Apartments in Pennington, NJ
Pricing Updated: 08/04/2026Current apartment rentals in the Pennington, NJ area range in price from $1,215 to $10,690 with an overall median price of $2,435. Here is today’s list neighborhoods with the lowest median pricing for Pennington Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| King's Gate North and East | $2,410 | $1,375 | 88 |
| Pennington Hopewell | $2,475 | $1,215 | 56 |
Cheapest Available Pennington Apartments for Rent
 The cheapest available apartment rental in Pennington, NJ is a Studio unit found at Woodbrook House Apartments in the Ewingville neighborhood priced from $1,295. Lafayette House in the Mill Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,319. Here is today’s list of the most affordable Pennington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Woodbrook House Apartments | Studio | Studio,1BA | $1,295 |
| Lafayette House | 1 BR/1BaS | 1BR,1BA | $1,319 |
| Birchwood at Hopewell (55+) Community | 1 Bedroom | 1BR,1BA | $1,375 |
Best Value Apartments for Rent in Pennington, NJ
As of August 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkside Court | 1 BR w/Basement 1,650 sq.ft. | 1BR,1BA | $1.19 |
| Yorkshire Meadows | 3 Bedroom | 3BR,2.5BA | $2.14 |
| Carriage Park at Lawrence (55+) | Two Bedroom | 2BR,2BA | $1.74 |
| The Artisan at Lawrenceville | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.04 |
| The Gardens at Birmingham | 2 Bedroom Townhouse | 2BR,1BA | $1.58 |
| Highgate Apartments | 2 BR 2 BATH | 2BR,2BA | $1.92 |
| Carlton Apartments | 1 Bedroom | 1BR,1BA | $1.91 |
| Delaware Heights | 1 Bedroom | 1BR,1BA | $2.18 |
| Birchwood at Hopewell (55+) Community | 1 Bedroom | 1BR,1BA | $2.05 |
| Lafayette House | 1 BR/1BaS | 1BR,1BA | $2.18 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Pennington, NJ
Central High School
Timberlane Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Pennington, NJ Rentals by Map
See the most popular apartments and homes in Pennington, NJ
Frequently Asked Questions about Pennington
What type of rentals are currently available in Pennington?
There are currently 50 Apartments for Rent in Pennington, NJ with pricing that ranges from $790 to $4,720. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington ranging from $1,650 to $10,000.
What is the current price range for Rental Homes in Pennington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Pennington ranges from $1,650 to $10,000 with an average monthly rent of $3,675.
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

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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.