Princeton Junction, New Jersey Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Princeton Junction, New Jersey rental market.
Princeton Junction, New Jersey
Average Apartment Rent
$3,161
Y-o-Y Change in Average
Apartment Rent
1.4%
As of March 2026
Compared to a year ago, Princeton Junction, New Jersey apartments have recorded a 1.4% rent increase.
Princeton Junction, New Jersey Average apartment rent trend
Princeton Junction, New Jersey Average Apartment Rent
Princeton Junction, New Jersey Apartment rent ranges
At 62.24%, apartments priced Over $3,000 represent the bulk of Princeton Junction, New Jersey rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 2.08%.
Princeton Junction, New Jersey Housing tenure**
Renters take up 21% of Princeton Junction, New Jersey real estate, occupying a total of 178 units, while homeowners live in 663 properties.
Median number of rooms of renter-occupied housing units**
3.5
Renter median household income**
$66,250
Average household size of renter-occupied housing units**
1.81
Princeton Junction, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 89 rentals in Princeton Junction, New Jersey with 1 bed making up the highest share of the market, at 50%. Units with 4 beds, on the other hand, hold the lowest percentage (7%), amounting to 12 units. Overall, the median number of rooms in Princeton Junction, New Jersey homes for rent is 3.5.
Princeton Junction, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Princeton Junction, New Jersey are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 75 - 84 years age group (21%). At the same time, people in the 35 - 44 years age group make up the lowest share of the local rental market – 7%.
Princeton Junction, New Jersey Renter-occupied housing units by family type**
Princeton Junction, New Jersey Renter-occupied housing units by the presence of own children**
A total of 77 apartments for rent in Princeton Junction, New Jersey, or 43% of all rentals are family households. Additionally, 9% of rental homes include children under the age of 18 – that’s 16 units. All in all, the median size of a renter-occupied household in Princeton Junction, New Jersey is 1.81.
Princeton Junction, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 61% of the rental market. In contrast, residents with less than a high school degree reside in 28% of the homes for rent in Princeton Junction, New Jersey.
Princeton Junction, New Jersey Renter-occupied units by year structure built**
The highest share of Princeton Junction, New Jersey apartment rentals, namely 22% or 40 units, were Built 1950 - 1959, followed by those Built 1990 - 1999 (21%, 37 units), and the ones Built 1939 or earlier (20%, 36 units).
Princeton Junction, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Princeton Junction, New Jersey renters (34%) moved in 2021 or later, while only 10% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Princeton Junction, New Jersey condos for rent is 2019.
Princeton Junction, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 37% of Princeton Junction, New Jersey renters have 1 vehicle available per household, 34% of them have 2 or more vehicles available, and 29% have No vehicle available.
Princeton Junction, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Princeton Junction, New Jersey Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Princeton Junction, New Jersey apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
