
Cheap Apartments for Rent in Princeton, NJ from $700 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Princeton.


Princeton Lakeview Apartments

Total Monthly Price
1076 Canal Rd, Unit 1076B

Residences at Herrontown

Princeton Senior Living
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.

Woodhaven at South Brunswick

41 Spring St

Yorkshire Village Senior 55+

The Willows at Orchard Road

Total Monthly Price
Icon Riverwalk 55+ Active Adult Apartment Homes
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.

Montgomery Senior Apartments
Princeton, NJ Local Guide

How much does it cost to rent an apartment in Princeton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Princeton Studio Apartments | $2,360 | $1,395 | $2,890 |
| Cheap Princeton 1 Bedroom Apartments | $2,695 | $1,330 | $5,800 |
| Cheap Princeton 2 Bedroom Apartments | $3,632 | $1,799 | $6,850 |
| Cheap Princeton 3 Bedroom Apartments | $4,374 | $2,799 | $10,000+ |
Browse Top Apartments in Princeton
See all Apartments in PrincetonExplore Princeton
Princeton, NJ Local Guide

- Princeton Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Princeton, NJ
Pricing Updated: 03/12/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Princeton Manor | $2,895 | $1,690 | 25 |
| Princeton Lawrenceville | $3,450 | $790 | 316 |
| Downtown Princeton | $8,150 | $1,330 | 59 |
Cheapest Available Princeton Apartments for Rent
 The cheapest available apartment rental in Princeton, NJ is a Studio unit found at Princeton Lakeview Apartments in the Cranbury Brook - The Highlands neighborhood priced from $1,395. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Princeton Lakeview Apartments | Studio | Studio,1BA | $1,395 |
| Yorkshire Village Senior 55+ | 1 Bedroom | 1BR,1BA | $1,695 |
| The Willows at Orchard Road | Two Bedroom | 2BR,1BA | $1,799 |
| Icon Riverwalk 55+ Active Adult Apartment Homes | Julia | Studio,1BA | $1,855 |
| Kingston Terrace | 1 Bedroom | 1BR,1BA | $1,979 |
Best Value Apartments for Rent in Princeton, NJ
As of March 13, 2026 the best value apartment in the Princeton area is the $1.85 price per square foot Canary Model at Princeton Terrace At West Windsor in the in the Princeton Lawrenceville neighborhood starting from $3,095. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Princeton Terrace At West Windsor | Canary | 2BR,2.5BA | $1.85 |
| Yorkshire Meadows | 3 Bedroom | 3BR,2.5BA | $2.14 |
| Barclay Square at Princeton Forrestal | Devon II (Upgraded Appliances Lighting - Premiu... | 2BR,2.5BA | $2.62 |
| Princeton Gardens | Winter Welcome Special !!- Ends March 15 !! OPE... | 3BR,2BA | $2.39 |
| Princeton Lakeview Apartments | Two Bedroom/Two Bath | 2BR,2BA | $2.08 |
| The Willows at Orchard Road | Two Bedroom | 2BR,1BA | $1.59 |
| Windsor Woods | $2.28/sq.ft. - The Arlington | 2BR,2BA | $2.44 |
| The Artisan at Lawrenceville | 2 Bedroom 1 Bathroom | 2BR,1BA | $2.68 |
| 1076 Canal Rd, Unit 1076B | 1076 Canal Rd | 1BR,1BA | $2.11 |
| Yorkshire Village Senior 55+ | 1 Bedroom | 1BR,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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
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
See the most popular apartments and homes in Princeton, NJ
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 $2,121.
What is the price of a cheap apartment in Princeton?
The cheapest apartment in Princeton is Princeton Lakeview Apartments which is listed at $1,655, while the average apartment in Princeton costs $4,831.
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 12 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 $698 which is $4,133 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.