Cheap Homes for Rent in Pennington, NJ from $800 (13 Rentals)

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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.

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.

Pennington, NJ Local Guide

Cheapest Neighborhoods for Apartments in Pennington, NJ

Pricing Updated: 06/19/2026

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$3,200$1,21549
King's Gate North and East$4,900$1,37590

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 $1,432. 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+D/1.5B1BR,1BA$1,432
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

Best Value Apartments for Rent in Pennington, NJ and Nearby

As of June 20, 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$1.56
Lafayette House1+D/1.5B1BR,1.5BA$1.43
Highgate Apartments2BR 1 BATH2BR,1BA$1.90
White Pine Townhomes and Apartments1 BEDROOM FIRST FLOOR1BR,1BA$2.04
Carlton Apartments1 Bedroom1BR,1BA$2.11
Colonial Gardens Trenton Proud LLC1BR GROUND FLOOR1BR,1BA$1.77
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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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

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

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Frequently Asked Questions about Pennington

What type of rentals are currently available in Pennington?

There are currently 51 Apartments for Rent in Pennington, NJ with pricing that ranges from $790 to $5,455. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington ranging from $1,550 to $5,650.

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 $1,550 to $5,650 with an average monthly rent of $2,880.

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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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.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.