Cheap Apartments for Rent in the Downtown Princeton Neighborhood of Princeton, NJ from $1,100 (5 Rentals)

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

property at 35 Linden Ln

$2,245 - $3,150

Studio To 2 Bedroom Rentals

Available Now

35 Linden Ln

PrincetonNJ08542

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41 Spring St
Studio to 1 Bedroom Apartments

41 Spring St

41 Spring StPrinceton, NJ 08542
Student Housing
  • Utilities Included

Cheapest Available Downtown Princeton Apartments for Rent

 

The cheapest available apartment rental in the Downtown Princeton area of Princeton, NJ is a Studio unit found at Princeton Lakeview Apartments priced from $1,395. 172 Nassau St has the second lowest priced unit, which is a Studio apartment currently listed from $2,450. Here are the most affordable Downtown Princeton apartments for rent in Princeton, NJ:

Apartment ListingModel NameBed/BathPriced From
Princeton Lakeview ApartmentsStudioStudio,1BA$1,395
172 Nassau StStudioStudio,1BA$2,450
Avalon Princeton on HarrisonSA4Studio,1BA$2,510

Best Value Apartments for Rent in Downtown Princeton, NJ

As of January 14, 2026 the best value apartment in the Downtown Princeton area is the $2.17 price per square foot Two Bedroom/Two Bath Model at Princeton Lakeview Apartments in the in the Cranbury Brook - The Highlands neighborhood starting from $2,495. The second greatest value Downtown Princeton apartment is the A2D-801 Model at Avalon Princeton starting at $3,550 with a $4.43 price per square foot in the Princeton Lawrenceville neighborhood. Here is today’s list of the best values for Downtown Princeton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Princeton Lakeview ApartmentsTwo Bedroom/Two Bath2BR,2BA$2.17
Avalon PrincetonA2D-8011BR,1BA$4.43
182 N Harrison St, Unit 2ndFloorApt182 N Harrison St1BR,1BA$2.88
Avalon Princeton CircleAM141BR,1BA$3.94
Avalon Princeton on HarrisonSA4Studio ,1BA$5.01
172 Nassau StStudioStudio ,1BA$8.17

Frequently Asked Questions about Cheap Downtown Princeton Apartments

What is a cheap apartment in Downtown Princeton?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Princeton is under $3,320.

What is the price of a cheap apartment in Downtown Princeton?

The cheapest apartment in Downtown Princeton is Princeton Lakeview Apartments which is listed at $1,655, while the average apartment in Downtown Princeton costs $5,900.

What types of apartments are the cheapest in Downtown 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 6 regular apartments in Downtown Princeton that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

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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!