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

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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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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.

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.

Princeton, NJ Local Guide

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Cheapest Neighborhoods for Apartments in Princeton, NJ

Pricing Updated: 12/11/2025

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 Lawrenceville$3,350$790308
Downtown Princeton$3,472$1,39521
Princeton Manor$10,370$1,92521

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. The Willows at Orchard Road has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,799. Here is today’s list of the most affordable Princeton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Princeton Lakeview ApartmentsStudioStudio,1BA$1,395
The Willows at Orchard RoadTwo Bedroom2BR,1BA$1,799
The Artisan at Lawrenceville1 Bedroom 1 Bathroom1BR,1BA$1,802
Icon Riverwalk 55+ Active Adult Apartment HomesJuliaStudio,1BA$1,849
Yorkshire Village Senior 55+1 Bedroom Corner1BR,1BA$2,030

Best Value Apartments for Rent in Princeton, NJ

As of December 12, 2025 the best value apartment in the Princeton area is the $1.73 price per square foot Canary Model at Princeton Terrace At West Windsor in the in the Princeton Lawrenceville neighborhood starting from $2,895. The second greatest value Princeton apartment is the 3 Bedroom Model at Yorkshire Meadows starting at $3,095 with a $1.92 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$1.73
Yorkshire Meadows3 Bedroom3BR,2.5BA$1.92
Princeton GardensHoliday Kick-Off Special !! - Ends 12/15 !!3BR,2BA$2.39
Windsor Woods$2.43/sq.ft. - The Carrington3BR,2BA$2.63
Barclay Square at Princeton ForrestalCoventry I2BR,2BA$2.56
Princeton Lakeview ApartmentsTwo Bedroom/Two Bath2BR,2BA$2.17
The Willows at Orchard RoadTwo Bedroom2BR,1BA$1.59
Yorkshire Village Senior 55+1 Bedroom Corner1BR,1BA$2.19
The Artisan at Lawrenceville2 Bedroom 1 Bathroom2BR,1BA$2.58
Woodmont Way - West WindsorRuby1BR,1BA$2.77

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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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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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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Getting Around Princeton, NJ

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

59 / 100

Bikeable

Some bike infrastructure

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 $2,350.

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 $5,730.

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 $836 which is $4,894 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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.