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$1,395 - $2,395Studio 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 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Princeton area of Princeton.
35 Linden Ln
PrincetonNJ08542
304 Lakeview Terrace
PrincetonNJ08540
190 Witherspoon St
PrincetonNJ08542
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$2,450 - $3,250Studio to 1 Bedroom Apartments Available Now
172 Nassau St
172 Nassau StPrinceton, NJ 08544
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Rent Specials
$2,770 - $4,190Studio to 2 Bedroom Apartments Available Now
Avalon Princeton on Harrison
275 N Harrison StPrinceton, NJ 08540
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Rent Specials
$3,320 - $5,7951 to 2 Bedroom Apartments Available Now
The Alice
365 Terhune RdPrinceton, NJ 08540
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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1 to 2 Bedroom Apartments
Princeton Senior Living
500 Thanet CirPrinceton, NJ 08540
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Studio to 1 Bedroom Apartments
41 Spring St
41 Spring StPrinceton, NJ 08542
24 Bank St
PrincetonNJ08542
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Studio to 3 Bedroom Apartments
Avalon Princeton
100 Albert WayPrinceton, NJ 08540
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Studio to 3 Bedroom Apartments
Avalon Princeton Circle
100 Thanet CirPrinceton, NJ 08540
18 Oakland St
PrincetonNJ08540
20 Battlebrook Ln
PrincetonNJ08540
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.
Showing Results 1-14, Page 1 of 1
Downtown Princeton, Princeton, NJ Local Guide
How much does it cost to rent an apartment in Downtown Princeton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Princeton Studio Apartments | $2,355 | $1,395 | $2,770 |
| Downtown Princeton 1 Bedroom Apartments | $3,909 | $1,655 | $6,790 |
| Downtown Princeton 2 Bedroom Apartments | $5,947 | $2,295 | $8,090 |
| Downtown Princeton 3 Bedroom Apartments | $9,388 | $7,786 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Downtown Princeton Neighborhood of Princeton, NJ.
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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 $2,500. 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 |
| 172 Nassau St | Studio | Studio,1BA | $2,500 |
| Avalon Princeton Circle | A2-002-131 | 1BR,1BA | $2,720 |
| Avalon Princeton | A6D-968 | 1BR,1BA | $3,600 |
| The Alice | 1X1 Den | 1BR,1BA | $3,765 |
Best Value Apartments for Rent in Downtown Princeton, NJ
As of April 16, 2026 the best value apartment in the Downtown Princeton area is the $7.09 price per square foot Washington Model at 195 Nassau in the in the Princeton Lawrenceville neighborhood starting from $9,486. The second greatest value Downtown Princeton apartment is the Two Bedroom/Two Bath Model at Princeton Lakeview Apartments starting at $2,395 with a $2.08 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. |
|---|---|---|---|
| 195 Nassau | Washington | 3BR,2BA | $7.09 |
| Princeton Lakeview Apartments | Two Bedroom/Two Bath | 2BR,2BA | $2.08 |
| Avalon Princeton on Harrison | BM08a | 2BR,2BA | $3.63 |
| The Alice | 1X1 Den | 1BR,1BA | $4.41 |
| Avalon Princeton | A6D-968 | 1BR,1BA | $4.49 |
| Avalon Princeton Circle | A2-002-131 | 1BR,1BA | $3.68 |
| 172 Nassau St | Studio | Studio ,1BA | $8.33 |
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 $4,486.
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 $9,486.
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 5 regular apartments in Downtown 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 Downtown Princeton?
Cheap apartments in Downtown Princeton have an average cost of $904 which is $8,582 cheaper than the average rent for all rentals in Downtown 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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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.
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.