Cheap Apartments for Rent in Princeton, NJ from $400 (44 Rentals)

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

property at 246 N Harrison St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

5 Bedroom, 2 Bath Home for Rent

Available Now

246 N Harrison St

PrincetonNJ08540

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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property at 108 Wrangel Ct

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400
Total Monthly Price
$2,400

2 Bedroom, 1 Bath Condo for Rent

Available Jul 1

108 Wrangel Ct, Unit 9

108 Wrangel Ct
PrincetonNJ08540

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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41 Spring St
Studio to 1 Bedroom Apartments

41 Spring St

41 Spring StPrinceton, NJ 08542
Student Housing
  • Utilities Included

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Kingston Terrace
1 to 2 Bedroom Apartments

Kingston Terrace

607 Kingston TerracePrinceton, NJ 08540
  • Utilities Included
property at 303 Trinity Ct

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300
Total Monthly Price
$2,300

2 Bedroom, 1 Bath Condo for Rent

Available Now

303 Trinity Ct, Unit 11

303 Trinity Ct
PrincetonNJ08540
property at 107 Delamere Dr

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500
Total Monthly Price
$2,500

2 Bedroom, 2 Bath Condo for Rent

Available Now

107 Delamere Dr, Unit 6

107 Delamere Dr
PrincetonNJ08540

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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276 Nassau
Studio to 2 Bedroom Apartments

276 Nassau

293 Franklin AvePrinceton, NJ 08540
  • Utilities Included

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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Showing Results 1-44, Page 1 of 1

Princeton, NJ Local Guide

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Cheapest Neighborhoods for Apartments in Princeton, NJ

Pricing Updated: 06/11/2026

Current apartment rentals in the Princeton, 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 Princeton Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Princeton$7,000$1,69540
Princeton Lawrenceville$7,000$566240
Princeton Manor$15,377$1,80021

Cheapest Available Princeton Apartments for Rent

 

The cheapest available apartment rental in Princeton, NJ is a 1 Bed unit found at Princeton Lakeview Apartments in the Cranbury Brook - The Highlands neighborhood priced from $1,695. Yorkshire Village Senior 55+ in the Princeton Lawrenceville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,695. Here is today’s list of the most affordable Princeton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Princeton Lakeview ApartmentsOne Bedroom1BR,1BA$1,695
Yorkshire Village Senior 55+1 Bedroom1BR,1BA$1,695
The Willows at Orchard RoadTwo Bedroom2BR,1BA$1,799
The Artisan at Lawrenceville1 Bedroom 1 Bathroom1BR,1BA$2,065
Icon Riverwalk 55+ Active Adult Apartment HomesGreene1BR,1BA$2,256
The Mercer at Lawrence StationWindsor1BR,1BA$2,310
The Somerset at MontgomeryA1BR,1BA$2,595
172 Nassau StStudioStudio,1BA$2,600
Parc at Princeton Junction1E1BR,1BA$2,661
The Mews at Princeton JunctionA1B-HC | Premium1BR,1BA$2,669

Best Value Apartments for Rent in Princeton, NJ

As of June 11, 2026 the best value apartment in the Princeton area is the $2.03 price per square foot Canary Model at Princeton Terrace At West Windsor in the in the Princeton Lawrenceville neighborhood starting from $3,395. The second greatest value Princeton 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 Princeton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Princeton Terrace At West WindsorCanary2BR,2.5BA$2.03
Yorkshire Meadows3 Bedroom3BR,2.5BA$2.14
Barclay Square at Princeton ForrestalDevon II (Upgraded Appliances Lighting)2BR,2.5BA$2.67
Copperwood in PrincetonAsh2BR,2BA$2.77
Windsor Woods$2.24/sq.ft. - The Farrington3BR,2BA$2.50
The Willows at Orchard RoadTwo Bedroom2BR,1BA$1.59
The Artisan at Lawrenceville1 Bedroom 1 Bathroom1BR,1BA$2.41
Princeton Lakeview ApartmentsOne Bedroom1BR,1BA$2.12
The Mercer at Lawrence StationWindsor1BR,1BA$2.86
Yorkshire Village Senior 55+1 Bedroom1BR,1BA$2.87

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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Princeton Overview

Princeton, New Jersey, is a household name across America and much of the globe for good reason. It has produced some of the brightest and best. Albert Einstein himself had strong ties to Princeton University. But for those interested in Princeton apartments, the college town’s great history may have only gotten better. Its rich multicultural arts and outstanding dining are only equaled by the safety its residents enjoy. You can walk to shopping and the town has excellent and inexpensive modes of transportation. As places to live go, you get a big bang for your buck with Princeton apartments considering everything it has to offer.

Why live in Princeton, NJ?

Princeton apartments offer a wonderful college-town lifestyle that is rich in arts, culture, education, music. It’s one of the few places that has a pub like Triumph Brewing Company that makes its own beer on the premises. It’s a hip little town to say the least.

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

Explore Princeton, NJ Rentals by Map

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See the most popular apartments and homes in Princeton, NJ

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Frequently Asked Questions about Cheap Princeton Apartments

What is a cheap apartment in Princeton?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Princeton is under $2,669.

What is the price of a cheap apartment in Princeton?

The cheapest apartment in Princeton is Princeton Lakeview Apartments which is listed at $1,695, while the average apartment in Princeton costs $9,792.

What types of apartments are the cheapest in Princeton?

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 14 regular apartments in Princeton 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 Princeton?

Cheap apartments in Princeton have an average cost of $452 which is $9,340 cheaper than the average rent for all rentals in Princeton.

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

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

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.