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$1,6951 Bedroom Apartments Contact Us For Availability
Princeton Lakeview Apartments
103 Lakeview TerPrinceton, NJ 08540
Cheap Apartments for Rent in the Downtown Princeton Neighborhood of Princeton, NJ from $1,126 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Princeton area of Princeton.
35 Linden Ln
PrincetonNJ08540
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$2,400 - $3,400Studio to 1 Bedroom Apartments Available Now
172 Nassau St
172 Nassau StPrinceton, NJ 08544
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$2,518 - $4,440Studio to 2 Bedroom Apartments Available Now
Avalon Princeton
100 Albert WayPrinceton, NJ 08540
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$2,905 - $4,9151 to 3 Bedroom Apartments Available Now
Avalon Princeton Circle
100 Thanet CirPrinceton, NJ 08540
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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$2,800
Total Monthly Price
Base Rent$2,800
Total Monthly Price$2,800
301 Nassau St, Unit 6
301 Nassau StPrinceton, NJ 08540
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$2,825 - $5,450Studio to 3 Bedroom Apartments Available Sep 8
Avalon Princeton on Harrison
275 N Harrison StPrinceton, NJ 08540
37 Bank St
PrincetonNJ08542
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$3,345 - $5,9701 to 2 Bedroom Apartments Available Now
The Alice
365 Terhune RdPrinceton, NJ 08540
149 N Harrison St
PrincetonNJ08540
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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Rent Specials
$3,750 - $4,4502 to 3 Bedroom Apartments Available Now
146 Nassau St
146 Nassau StPrinceton, NJ 08542
5 Witherspoon St
PrincetonNJ08542
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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
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1 to 2 Bedroom Apartments
86 Spruce Street, Princeton
86 Spruce StPrinceton, NJ 08542
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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1 Bedroom Apartments
32 Wiggins Street
32 Wiggins StPrinceton, NJ 08540
16 Linden Ln, Unit 2A
16 Linden Ln
PrincetonNJ08542
Showing Results 1-17, 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 | $2,487 | $2,245 | $2,825 |
| Downtown Princeton 1 Bedroom Apartments | $3,504 | $1,695 | $7,740 |
| Downtown Princeton 2 Bedroom Apartments | $4,688 | $3,200 | $7,950 |
| Downtown Princeton 3 Bedroom Apartments | $6,186 | $4,150 | $8,650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 17 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
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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 1 Bed unit found at 86 Spruce Street, Princeton priced from $2,000. 172 Nassau St has the second lowest priced unit, which is a Studio apartment currently listed from $2,400. Here are the most affordable Downtown Princeton apartments for rent in Princeton, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 86 Spruce Street, Princeton | 1BR/1.0BA | 1BR,1BA | $2,000 |
| 172 Nassau St | Studio | Studio,1BA | $2,400 |
| 32 Wiggins Street | 1BR/1.0BA | 1BR,1BA | $2,400 |
| Avalon Princeton | A5-A5S-882-895 | 1BR,1BA | $2,768 |
| Avalon Princeton Circle | A2-002-131 | 1BR,1BA | $2,905 |
Best Value Apartments for Rent in Downtown Princeton, NJ
As of September 04, 2026 the best value apartment in the Downtown Princeton area is the $5.71 price per square foot Washington Model at 195 Nassau in the in the Princeton Lawrenceville neighborhood starting from $7,646. The second greatest value Downtown Princeton apartment is the 2x2 Den Model at The Alice starting at $5,970 with a $4.97 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 195 Nassau | Washington | 3BR,2BA | $5.71 |
| The Alice | 2x2 Den | 2BR,2BA | $4.97 |
| 146 Nassau St | 2Bed/2Bath | 2BR,2BA | $3.23 |
| 301 Nassau St, Unit unit 6 | 301 Nassau St | 1BR,1BA | $4.67 |
| 86 Spruce Street, Princeton | 2BR/1.0BA | 2BR,1BA | $5.19 |
| 32 Wiggins Street | 1BR/1.0BA | 1BR,1BA | $4.66 |
| 172 Nassau St | Studio | Studio ,1BA | $8.00 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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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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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
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 $5,970.
What is the price of a cheap apartment in Downtown Princeton?
The cheapest apartment in Downtown Princeton is 86 Spruce Street, Princeton which is listed at $2,000, while the average apartment in Downtown Princeton costs $3,745.
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.
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 $660 which is $3,085 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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.