Cheap Homes for Rent in Pennington, NJ from $1,600 (9 Rentals)

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Search the lowest-cost Homes 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.

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.

Pennington, NJ Local Guide

Cheapest Neighborhoods for Apartments in Pennington, NJ

Pricing Updated: 08/04/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
King's Gate North and East$2,410$1,37588
Pennington Hopewell$2,475$1,21556

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 ListingModel NameBed/BathPriced From
Woodbrook House ApartmentsStudioStudio,1BA$1,295
Lafayette House1 BR/1BaS1BR,1BA$1,319
Birchwood at Hopewell (55+) Community1 Bedroom1BR,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 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 Artisan at Lawrenceville1 Bedroom 1 Bathroom1BR,1BA$2.04
The Gardens at Birmingham2 Bedroom Townhouse2BR,1BA$1.58
Highgate Apartments2 BR 2 BATH2BR,2BA$1.92
Carlton Apartments1 Bedroom1BR,1BA$1.91
Delaware Heights1 Bedroom1BR,1BA$2.18
Birchwood at Hopewell (55+) Community1 Bedroom1BR,1BA$2.05
Lafayette House1 BR/1BaS1BR,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.

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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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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

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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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.