24 Bank St
PrincetonNJ08542
Cheap Homes for Rent in Downtown Princeton Neighborhood of Princeton, NJ from $2,100 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Princeton area of Princeton.
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.
18 Oakland St
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.
85 Birch Ave
PrincetonNJ08542
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Downtown Princeton, Princeton, NJ Local Guide
How much does it cost to rent a home in Downtown Princeton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Princeton 2 Bedroom Homes for Rent | $3,100 | $3,100 | $3,100 |
| Downtown Princeton 3 Bedroom Homes for Rent | $4,600 | $3,600 | $6,750 |
| Downtown Princeton 4 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
| Downtown Princeton 5 Bedroom Homes for Rent | $9,712 | $9,575 | $9,850 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Princeton Neighborhood of Princeton, NJ.
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Best Value Apartments for Rent in Downtown Princeton, NJ
As of April 28, 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 BM08a Model at Avalon Princeton on Harrison starting at $3,940 with a $3.53 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 | $7.09 |
| Avalon Princeton on Harrison | BM08a | 2BR,2BA | $3.53 |
| The Alice | 1X1 Den | 1BR,1BA | $4.39 |
| Avalon Princeton | A6D-968 | 1BR,1BA | $4.30 |
| Princeton Lakeview Apartments | One Bedroom | 1BR,1BA | $2.12 |
| Avalon Princeton Circle | A2-002-131 | 1BR,1BA | $3.79 |
| 172 Nassau St | Studio | Studio ,1BA | $8.67 |
Frequently Asked Questions about Downtown Princeton
What type of rentals are currently available in Downtown Princeton?
There are currently 46 Apartments for Rent in Downtown Princeton, NJ with pricing that ranges from $1,400 to $19,500. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Princeton ranging from $2,100 to $9,850.
What is the current price range for Rental Homes in Downtown Princeton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Princeton ranges from $2,100 to $9,850 with an average monthly rent of $5,417.
How much are larger Three and Four Bedroom Rentals in Downtown Princeton?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Princeton range from $7,786 to $10,590, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,600 to $6,750. Four Bedroom Single-Family rentals are also available starting from $6,500 and Four Bedroom Apartments start at $10,000.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.