Cheap Apartments for Rent in Princeton, NJ from $500 (51 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
property at 35 Linden Ln

$2,245 - $3,500

Studio To 2 Bedroom Rentals

Available Sep 1

35 Linden Ln

PrincetonNJ08540
property at 3125 Sayre Dr

$2,290

Total Monthly Price

Total Monthly Price

Base Rent
$2,290
Total Monthly Price
$2,290

2 Bedroom, 1 Bath Condo for Rent

Available Now

3125 Sayre Dr, Unit 3125

3125 Sayre Dr
PrincetonNJ08540

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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41 Spring St
Studio to 1 Bedroom Apartments

41 Spring St

41 Spring StPrinceton, NJ 08542
Student Housing
  • 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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Kingston Terrace
1 to 2 Bedroom Apartments

Kingston Terrace

607 Kingston TerracePrinceton, NJ 08540
  • Utilities Included
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276 Nassau
Studio to 2 Bedroom Apartments

276 Nassau

293 Franklin AvePrinceton, NJ 08540
  • Utilities Included

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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Avalon W Squared
Studio to 3 Bedroom Apartments

Avalon W Squared

500 Avalon SqWest Windsor, NJ 08550

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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Princeton, NJ Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Princeton, NJ

Pricing Updated: 07/26/2026

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$1,69546
Princeton Lawrenceville$7,000$790269
Princeton Manor$17,625$1,88923

Cheapest Available Princeton Apartments for Rent

 

The cheapest available apartment rental in Princeton, NJ is a 1 Bed unit found at The Landing at Skillman Place priced from $575. 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
The Landing at Skillman Place1 BR (20% AMI)1BR,1BA$575
Yorkshire Village Senior 55+1 Bedroom1BR,1BA$1,695
Kingston Terrace1 Bedroom1BR,1BA$2,004
The Artisan at Lawrenceville1 Bedroom 1 Bathroom1BR,1BA$2,061
The Mercer at Lawrence StationEwing1BR,1BA$2,218
Icon Riverwalk 55+ Active Adult Apartment HomesGreene1BR,1BA$2,331
Princeton GardensRenovated 1 Bed 1 Bath Flat w/ W/D1BR,1BA$2,350
Parc at Princeton Junction1F1BR,1BA$2,507
172 Nassau StStudioStudio,1BA$2,600
The Somerset at MontgomeryC1BR,1BA$2,795

Best Value Apartments for Rent in Princeton, NJ

As of July 26, 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 ForrestalCoventry I Enhanced2BR,2BA$2.78
Princeton GardensRenovated 2 Bed 1.5 & Bath w/ W/D2BR,1.5BA$2.41
Windsor Woods$2.62/sq.ft. - The Arlington2BR,2BA$2.62
The Somerset at MontgomeryC1BR,1BA$2.54
The Artisan at Lawrenceville1 Bedroom 1 Bathroom1BR,1BA$2.04
The Mercer at Lawrence StationWindsor1BR,1BA$2.93
The Landing at Skillman Place1 BR (48% AMI)1BR,1BA$2.57
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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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.

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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 $2,795.

What is the price of a cheap apartment in Princeton?

The cheapest apartment in Princeton is The Landing at Skillman Place which is listed at $575, while the average apartment in Princeton costs $10,541.

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 44 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 $612 which is $9,929 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

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.