Updated 5 Hours Ago
Location
156 Mercer St, Princeton, NJ 08540, USA
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Amenities for 156 Mercer St
Appliances
| In-Unit Laundry |
Grounds
| Outdoor Space | Storage |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 156 Mercer St
Property Status: Active Discover effortless living in this charming, just renovated 2-bedroom, 1-flex room and 1.5-bath townhouse at 156 Mercer Street in the desirable Institute Area of Princeton. With new bathrooms and updated kitchen, this sunny home offers classic Princeton character with modern comfort, including a basement with washer/dryer and generous additional storage, Nestled in a quiet, historic neighborhood just steps from beautiful Marquand Park and the Arboretum, 156 Mercer is perfect for those who value walkability and proximity to intellectual and cultural hubs. Princeton University's campus is moments awayideal for researchers, postdocs, or faculty who want to stroll to labs, libraries, or lectures. Head the other direction and you're walking into the heart of downtown Princeton for vibrant shops, the public library, theater, and an array of excellent restaurants and cafes that define this special town. The Princeton Dinky station is an easy walk, giving you seamless access to Princeton Junction and the Northeast Corridor for quick trips to New York, Philadelphia, or beyond. Need everyday shopping? Route 1's retail corridor and major stores are also conveniently a short ride away. Unbeatable convenience in a premium location with a verdant backyard and designated parking. Experience classic Princeton style with modern updates in one of the most walkable and connected spots in town. Perfect for the young professional or researcher seeking both serenity and centrality. Come and see it before it's gone. Office Phone: (908) 227-9044 Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 156 Mercer St compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1.2 miles away
- Middle school nearby
- There is a middle school 1.5 miles away
- Extra storage
- In-unit features
- Images Available
- There are at least 10 photos of this property
Considerations
- Distance from grocery stores
- The nearest grocery store is 3.4 miles away
- Priced higher than average
- 2-bedrooms are $1200 more than the median rent in this area
Address details
| Zip code | 08540 |
|---|---|
| Type | House for rent |
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Rent trends in Princeton
2-bedroom apartments at 156 Mercer St cost about 6% more than the average rent price for 2-bedroom apartments in Princeton.
Median rents as of Nov 7 2026.
Princeton
| Month | Median Rent |
|---|---|
| November 2024 | $3,268 |
| December 2024 | $3,358 |
| January 2025 | $3,541 |
| February 2025 | $3,577 |
| March 2025 | $3,608 |
| April 2025 | $3,546 |
| May 2025 | $3,611 |
| June 2025 | $3,578 |
| July 2025 | $3,540 |
| August 2025 | $3,455 |
| September 2025 | $3,389 |
| October 2025 | $3,377 |
| November 2025 | $3,369 |
| December 2025 | $3,412 |
| January 2026 | $3,407 |
| February 2026 | $3,437 |
| March 2026 | $3,484 |
| April 2026 | $3,505 |
| May 2026 | $3,570 |
| June 2026 | $3,708 |
| July 2026 | $3,655 |
| August 2026 | $3,537 |
| September 2026 | $3,514 |
| October 2026 | $3,569 |
| November 2026 | $3,590 |
Affordability calculator
Can I afford to live at 156 Mercer St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$152,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $152,000 annually to afford this 2-bedrooms monthly rent price of $3,800.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 4 months ago | $4,300 |
Schools near 156 Mercer St
Community Park Elementary School
372 witherspoon st
princeton, NJ, 8540
PK, K-5Public
A+
Joseph F. Cappello School
1072 old trenton rd
hamilton, NJ, 8690
PK, K-3Public
Mercer Elementary School
1020 old trenton rd
hamilton, NJ, 8690
2-8Public
The Cranbury School
23 n main st
cranbury, NJ, 8512
PK, K-8Public
A
Robeson Elementary School
350 cuyler ave
trenton, NJ, 8629
K-3Public
Getting around Princeton near 156 Mercer St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 156 Mercer St, Princeton
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
5/10
Variety of shops within a short drive
Cafes
5/10
Variety of cafés within a short drive
Restaurants
7/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
3/10
At least one elementary school within a 30-minute walk
High schools
2/10
Closest high school further than a 30-minute walk
Parks
9/10
Very large amount of park space within a few minutes' walk
Nightlife
3/10
Some bars within a short drive
Explore the area around 156 Mercer St
Olson's Fine Foods
53 Palmer Sq W
New Market
47 Hulfish St
D'angelo Italian Market
35 Spring St
Lupita Groceries
50 Leigh Ave
Despana Brand Foods
235 Nassau St
lululemon
36 Nassau St
Smith Brothers
30 Nassau St
Madewell
38 Nassau St
Urban Outfitters
42 Nassau St
Polo Ralph Lauren
54 Nassau St
Kung Fu Tea
80 Nassau St
Mtea
86 Nassau St
Small World Coffee
14 Witherspoon St
GDW Cafe Inc
33 Palmer Sq W
Rojo's Roastery
33 Palmer Sq W
The Dinky Bar & Kitchen
94 University Pl
Yankee Doodle Tap Room
10 Palmer Sq E
The Halo Pub
9 Hulfish St
Conte's Pizza and Bar
339 Witherspoon St
Laurea
102 Carnegie Ctr
Lindt Chocolate Shop
68 Palmer Sq W
Bread Boutique of Princeton
16 Witherspoon St
House of Cupcakes
34 Witherspoon St
Holsome Teas & Herbs
27 Witherspoon St
Little Chef Pastry Shop
8 S Tulane St
Recreation Ground
Garden
Meadow
Cannon Green
Birch Garden
Cargot Brasserie
98 University Pl
Roots Steakhouse
98 University Pl
The Dinky Bar & Kitchen
94 University Pl
Jammin' Crepes
20 Nassau St
Milk Cookies
20 Nassau St
Graduate College
Campus Circulator via Washington Road, Grad College to Meadows, Campus Circulator via Equad, Weekend Shopper
US-206 / Elm Rd
Princeton - Mercerville - Hamilton Marketplace
US-206 / Elm Rd
Princeton - Mercerville - Hamilton Marketplace
US-206 / Hibben Rd
Princeton - Mercerville - Hamilton Marketplace
US-206 / Hibben Rd
Princeton - Mercerville - Hamilton Marketplace
Princeton
The Dinky (Princeton Shuttle)
Princeton Jct.
Northeast Corridor, The Dinky (Princeton Shuttle)
Princeton Junction Amtrak Station
Northeast Regional, Keystone Service, Carolinian, Vermonter
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