Last updated on November 3, 2026

Average rent in
Pennington, NJ

Median rent

Median rent in Pennington

$3,200/mo

decreased by6%

vs previous year

The average rent in Pennington is $3,200 per month as of October 2026. This is 68% above the national average rent, or $1,300 more per month.

$1.88

average price per square foot

Total rentals

Available rentals in Pennington

13

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Pennington rentals at each price point

50%38%25%13%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Pennington, NJ, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Pennington, NJ

Average rent prices in Pennington have decreased by 7% over the last month and have decreased by 6% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Pennington, NJ

Rent prices in Pennington vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Pennington is $1,950, whereas a house costs $3,350. 1-bedroom apartments in Pennington run $1,495 on average, while 2-bedroom apartments are $2,000.

Listings

Studio

$1,300

9%

-

1 bedroom

$1,495

3%

21%

2 bedroom

$2,425

3%

3%

3 bedroom

$2,925

6%

15%

4 bedroom

$2,995

No Change

25%

Studio

Average rent

$1,300

Last 30 days

9%

1 bedroom

Average rent

$1,495

Last 30 days

3%

Last year

21%

2 bedroom

Average rent

$2,425

Last 30 days

3%

Last year

3%

3 bedroom

Average rent

$2,925

Last 30 days

6%

Last year

15%

4 bedroom

Average rent

$2,995

Last year

25%

The table above reflects average rent prices in Pennington, NJ, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Pennington, NJ compare to other cities?

Compare median rent prices in Pennington and Allentown by all bedroom counts and property types.

Pennington

Median rent price$3,200
increased by68%

higher than the national median

Median rent price$2,500
increased by32%

higher than the national median

Takeaway

The median rent for all rentals in Pennington, NJ is 28% higher than the median rent in Allentown, NJ.

Discover rentals in Pennington, NJ

6 N Main St #4 - Photo 1 of 1

5d+ ago

Apartment for rent in Pennington

Residential Lease, PENNINGTON, NJ

6 N Main St #4, Pennington, NJ 08534

2 beds

1 bath

$1,950

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
23 Brookside Ave #1 - Photo 1 of 1

5d+ ago

Apartment for rent in Pennington

3 beds

1 bath

$2,650

Price dropped $150Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
101 Haddon Ct - Photo 1 of 1

5d+ ago

Townhouse for rent in Pennington

PENNINGTON, NJ

101 Haddon Ct, Pennington, NJ 08534

3 beds

2.5 baths

$3,200

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
144 Ada Hightower Ave - Photo 1 of 1
New construction

5d+ ago

Townhouse for rent in Pennington

Residential Lease, PENNINGTON, NJ

144 Ada Hightower Ave, Pennington, NJ 08534

4 beds

3.5 baths

$3,950

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Pennington, NJ

Quick answers to common questions about the Pennington rental market.

How much is rent in Pennington?

The average rent in Pennington is $3,200 per month as of October 31, 2026.

Is rent up or down in Pennington?

Average rent prices in Pennington have decreased by 7% over the last month and have decreased by 6% since last year.

How does Pennington rent compare to the national average?

Rent in Pennington is 68% above the national average, which means renters are paying approximately $1,300 more per month.

What salary do I need to afford rent in Pennington?

To comfortably afford rent in Pennington, you'd need to earn approximately $128,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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