Cheap Apartments for Rent in the Pennington Prospect Neighborhood of Trenton, NJ from $700 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Pennington Prospect area of Trenton.

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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130 Bayard St
1 to 2 Bedroom Apartments

130 Bayard St

130 Bayard StTrenton, NJ 08611
  • Smoke Free
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Carteret Arms Apartment
Studio to 2 Bedroom Apartments

Carteret Arms Apartment

333 W State StTrenton, NJ 08618
  • Utilities Included
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Beechwood Gardens
Studio to 2 Bedroom Apartments

Beechwood Gardens

225 Beechwood AveTrenton, NJ 08618
  • Utilities Included
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Jennings Village
1 to 3 Bedroom Apartments

Jennings Village

461-471 Brunswick AveTrenton, NJ 08638

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.

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Academy Place
1 to 3 Bedroom Apartments

Academy Place

125 Olive StTrenton, NJ 08618
  • Utilities Included
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Tyler Apartments
Studio to 2 Bedroom Apartments

Tyler Apartments

272 Tyler StTrenton, NJ 08609
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Luther Towers
Studio to 1 Bedroom Apartments

Luther Towers

489 W State StTrenton, NJ 08618
Senior Living
  • Utilities Included
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Parkway Gardens
1 to 2 Bedroom Apartments

Parkway Gardens

695 Parkway AveTrenton, NJ 08618
  • Utilities Included
property at 11 N Willow St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

1 Bedroom, 2 Bath Condo for Rent

Available Now

11 N Willow St, Unit 1, Unit 1

11 N Willow St
TrentonNJ08608

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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property at 1165 E State St

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

3 Bedroom, 1 Bath Home for Rent

Available Now

1165 E State St, Unit 7, Unit 7

1165 E State St
TrentonNJ08609
property at 122-122 Perry St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

3 Bedroom, 1 Bath Condo for Rent

Available Now

122-122 Perry St

TrentonNJ08618
property at 705 Anderson St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

3 Bedroom, 1 Bath Townhome for Rent

Available Now

705 Anderson St

TrentonNJ08611

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Pennington Prospect, Trenton, NJ Local Guide

Cheapest Available Pennington Prospect Apartments for Rent

 

The cheapest available apartment rental in the Pennington Prospect area of Trenton, NJ is a 1 Bed unit found at Luther Towers priced from $1,250. Lafayette House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,296. Here are the most affordable Pennington Prospect apartments for rent in Trenton, NJ:

Apartment ListingModel NameBed/BathPriced From
Luther TowersStudio1BR,1BA$1,250
Lafayette House1 BR/1 Ba1BR,1BA$1,296
Morrisville Meadows1 Bed / 1 Bath - TA1BR,1BA$1,400
Canal House Apartments1 Bedroom1BR,1BA$1,400
Americana Apartments1 Bedroom Terrace1BR,1BA$1,440
Chambers Lofts1BR/1.0BA1BR,1BA$1,450
Trenton Watch Factory1BR/1.0BA1BR,1BA$1,450
Circle F Lofts1BR/1.0BA1BR,1BA$1,550
Woodbrook House ApartmentsOne Bedroom1BR,1BA$1,575

Best Value Apartments for Rent in Pennington Prospect, NJ

As of April 23, 2026 the best value apartment in the Pennington Prospect area is the $1.19 price per square foot 1 BR w/Basement 1,650 sq.ft. Model at Parkside Court in the in the East Trenton neighborhood starting from $1,970. The second greatest value Pennington Prospect apartment is the 3 Br 1.5 Bath Model at Rush Crossing starting at $1,791 with a $1.19 price per square foot in the Mill Hill neighborhood. Here is today’s list of the best values for Pennington Prospect apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkside Court1 BR w/Basement 1,650 sq.ft.1BR,1BA$1.19
Rush Crossing3 Br 1.5 Bath3BR,1.5BA$1.19
Carlton Apartments2 Bedrooms Oak2BR,1BA$1.83
Trenton Watch Factory2BR/1.0BA2BR,1BA$1.78
Colonial Gardens Trenton Proud LLC2BR2BR,1BA$1.73
Circle F Lofts1BR/1.0BA1BR,1BA$1.75
Canal House Apartments1 Bedroom1BR,1BA$1.59
Lafayette House1 BR/1 Ba1BR,1BA$1.63
Morrisville Meadows1 Bed / 1 Bath - TA1BR,1BA$2.00
365 Concord Ave, Unit B365 Concord Ave2BR,1BA$1.93

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

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 Lifestyle
Pennington Prospect, Trenton, NJ

Ranked #13

Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Trenton. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Pennington Prospect Apartments

What is the price of a cheap apartment in Pennington Prospect?

The cheapest apartment in Pennington Prospect is Luther Towers which is listed at $1,250, while the average apartment in Pennington Prospect costs $2,300.

What types of apartments are the cheapest in Pennington Prospect?

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 1 regular apartments in Pennington Prospect 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 Pennington Prospect?

Cheap apartments in Pennington Prospect have an average cost of $402 which is $1,898 cheaper than the average rent for all rentals in Pennington Prospect.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.