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$1,395 - $2,495Studio to 2 Bedroom Apartments Available Now
Princeton Lakeview Apartments
103 Lakeview TerPrinceton, NJ 08540
Cheap Apartments for Rent in the Downtown Princeton Neighborhood of Princeton, NJ from $1,100 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Princeton area of Princeton.
200 Nassau St
PrincetonNJ08542
21 Palmer Square W
PrincetonNJ08542
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$2,3541 Bedroom Apartment Available Dec 1
182 N Harrison St, Unit 2ndFloorApt
182 N Harrison StPrinceton, NJ 08540
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$2,450 - $2,950Studio to 1 Bedroom Apartments Available Now
172 Nassau St
172 Nassau StPrinceton, NJ 08544
36 Moore St
PrincetonNJ08542
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.
31 Palmer Sq W, Unit B
31 Palmer Sq W
PrincetonNJ08542
101 Claridge Ct
PrincetonNJ08540
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Rent Specials
$2,575 - $3,845Studio to 2 Bedroom Apartments Available Now
Avalon Princeton on Harrison
275 N Harrison StPrinceton, NJ 08540
197 Witherspoon St
PrincetonNJ08542
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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.
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Downtown Princeton, Princeton, NJ Local Guide
Princeton University by Harshil Shah is licensed under CC BY 2.0
How much does it cost to rent an apartment in Downtown Princeton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Princeton Studio Apartments | $2,375 | $1,395 | $3,010 |
| Downtown Princeton 1 Bedroom Apartments | $2,941 | $1,550 | $4,250 |
| Downtown Princeton 2 Bedroom Apartments | $3,754 | $2,495 | $5,940 |
| Downtown Princeton 3 Bedroom Apartments | $5,611 | $4,680 | $6,285 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Downtown Princeton Neighborhood of Princeton, NJ.
See all Apartments in PrincetonExplore Princeton
Downtown Princeton, Princeton, NJ Local Guide
- Nearby Princeton neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Avalon Princeton Circle has the second lowest priced unit, which is a 2 Beds apartment currently listed from $3,090. Here are the most affordable Downtown Princeton apartments for rent in Princeton, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Princeton Lakeview Apartments | Studio | Studio,1BA | $1,395 |
| Avalon Princeton Circle | BM8 | 2BR,2BA | $3,090 |
| Avalon Princeton on Harrison | BM06-alt-b | 2BR,2BA | $3,170 |
| Avalon Princeton | A2D-801 | 1BR,1BA | $3,280 |
| The Alice | 1x1 | 1BR,1BA | $3,320 |
Best Value Apartments for Rent in Downtown Princeton, NJ
As of November 30, 2025 the best value apartment in the Downtown Princeton area is the $3.30 price per square foot CM5 Model at Avalon Princeton Circle in the in the Princeton Lawrenceville neighborhood starting from $4,680. The second greatest value Downtown Princeton apartment is the Two Bedroom/Two Bath Model at Princeton Lakeview Apartments starting at $2,495 with a $2.17 price per square foot in the Cranbury Brook - The Highlands neighborhood. Here is today’s list of the best values for Downtown Princeton apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Avalon Princeton Circle | CM5 | 3BR,2BA | $3.30 |
| Princeton Lakeview Apartments | Two Bedroom/Two Bath | 2BR,2BA | $2.17 |
| Avalon Princeton on Harrison | BM06-alt-a | 2BR,2BA | $3.23 |
| Avalon Princeton | A2D-801 | 1BR,1BA | $4.18 |
| The Alice | 1x1 | 1BR,1BA | $4.93 |
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 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.
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Pet Friendly LifestyleDowntown Princeton, Princeton, NJ
Ranked #2
Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Downtown Princeton Neighborhood in Princeton, NJ
Walk Score®
91 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
88 / 100
Very Bikeable
Biking is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $5,870.
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 7 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
Helpful Apartment Articles, How-To's and Tips
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.