Cheap Apartments for Rent in Princeton, NJ from $700 (11 Rentals)

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

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41 Spring St
Studio to 1 Bedroom Apartments

41 Spring St

41 Spring StPrinceton, NJ 08542
Student Housing
  • Utilities Included

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Princeton, NJ Local Guide

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Cheapest Neighborhoods for Apartments in Princeton, NJ

Pricing Updated: 03/12/2026

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
Princeton Manor$2,895$1,69025
Princeton Lawrenceville$3,450$790316
Downtown Princeton$8,150$1,33059

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 ListingModel NameBed/BathPriced From
Princeton Lakeview ApartmentsStudioStudio,1BA$1,395
Yorkshire Village Senior 55+1 Bedroom1BR,1BA$1,695
The Willows at Orchard RoadTwo Bedroom2BR,1BA$1,799
Icon Riverwalk 55+ Active Adult Apartment HomesJuliaStudio,1BA$1,855
Kingston Terrace1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Princeton Terrace At West WindsorCanary2BR,2.5BA$1.85
Yorkshire Meadows3 Bedroom3BR,2.5BA$2.14
Barclay Square at Princeton ForrestalDevon II (Upgraded Appliances Lighting - Premiu...2BR,2.5BA$2.62
Princeton GardensWinter Welcome Special !!- Ends March 15 !! OPE...3BR,2BA$2.39
Princeton Lakeview ApartmentsTwo Bedroom/Two Bath2BR,2BA$2.08
The Willows at Orchard RoadTwo Bedroom2BR,1BA$1.59
Windsor Woods$2.28/sq.ft. - The Arlington2BR,2BA$2.44
The Artisan at Lawrenceville2 Bedroom 1 Bathroom2BR,1BA$2.68
1076 Canal Rd, Unit 1076B1076 Canal Rd1BR,1BA$2.11
Yorkshire Village Senior 55+1 Bedroom1BR,1BA$2.87

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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:
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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 $2,121.

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

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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.

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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.

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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.

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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.