Rent in Princeton, NJ
Across Princeton's 4 ZIP codes, a 2-bedroom typically rents for about $2,296 a month, with figures from $2,242–$2,885. The highest typical rent is in 08542 ($2,885) and the lowest in 08543 ($2,242). 2 ZIPs have ZIP-level figures from HUD or Census; the other 2 use the county Fair Market Rent. Owner-occupied homes in Mercer County pay about 2.36% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,561 | $1,440–$1,561 | 4 |
| 1 bed | $1,764 | $1,600–$2,435 | 4 |
| 2 beds | $2,296 | $2,242–$2,885 | 4 |
| 3 beds | $2,767 | $2,741–$3,091 | 4 |
| 4 beds | $3,291 | $3,081–$3,500+ | 4 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Princeton ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Princeton, NJ?
- About $2,296 a month: the median of the typical rents in 4 ZIP codes, which range from $2,242–$2,885. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Princeton, NJ?
- About $1,764 a month: the median of the typical rents in 4 ZIP codes, which range from $1,600–$2,435. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Princeton, NJ?
- About $2,767 a month: the median of the typical rents in 4 ZIP codes, which range from $2,741–$3,091. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Princeton, NJ?
- About $1,561 a month: the median of the typical rents in 4 ZIP codes, which range from $1,440–$1,561. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Princeton, NJ?
- About $3,291 a month: the median of the typical rents in 4 ZIP codes, which range from $3,081–$3,500+. Figures are gross rent (rent plus tenant-paid utilities).
- Which Princeton ZIP code has the highest rent?
- For a 2-bedroom, 08542 has the highest typical rent at $2,885 a month, and 08543 the lowest at $2,242.
- What is the property tax rate in Princeton, NJ?
- Owner-occupied homes in Mercer County pay a typical 2.36% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Princeton rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).