Last updated on August 5, 2026

Average rent in
Pennington, NJ

Median rent

Median rent in Pennington

$3,575/mo

increased by12%

vs previous year

The average rent in Pennington is $3,575 per month as of August 2026. This is 84% above the national average rent, or $1,635 more per month.

$2.01

average price per square foot

Total rentals

Available rentals in Pennington

25

for rent on Zumper.com as of August 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

Rent trends in Pennington, NJ

Average rent prices in Pennington have increased by 3% over the last month and have increased by 12% 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 $1,825, whereas a house costs $3,600. 1-bedroom apartments in Pennington run $1,900 on average, while 2-bedroom apartments are $2,250.

Listings

Studio

$1,150

9%

-

1 bedroom

$1,575

No Change

-

2 bedroom

$2,750

5%

6%

3 bedroom

$3,600

4%

13%

4 bedroom

$3,375

4%

26%

Studio

Average rent

$1,150

Last 30 days

9%

1 bedroom

Average rent

$1,575

2 bedroom

Average rent

$2,750

Last 30 days

5%

Last year

6%

3 bedroom

Average rent

$3,600

Last 30 days

4%

Last year

13%

4 bedroom

Average rent

$3,375

Last 30 days

4%

Last year

26%

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$3,575
increased by84%

higher than the national median

Median rent price$2,350
increased by21%

higher than the national median

Takeaway

The median rent for all rentals in Pennington, NJ is 52% higher than the median rent in Allentown, NJ.

Discover rentals in Pennington, NJ

20 W Franklin Ave #A1 - Photo 1 of 1

5d+ ago

Apartment for rent in Pennington

20 West Franklin Avenue - A-1

20 W Franklin Ave #A1, Pennington, NJ 08534

2 beds

1 bath

$2,250

Apartment for rent

Available Jun 1

39 Diverty Rd - Photo 1 of 1

5d+ ago

House for rent in Pennington

SINGLE_FAMILY - PENNINGTON, NJ

39 Diverty Rd, Pennington, NJ 08534

2 beds

1 bath

$2,400

$2,300

Price drop

House for rent

102 Shrewsbury Ct #102 - Photo 1 of 1

5d+ ago

Townhouse for rent in Pennington

3 beds

2.5 baths

$3,180

House for rent

Available Jul 30

104 Treymore Ct - Photo 1 of 1

4d ago

Townhouse for rent in Pennington

CONDOS - Other - PENNINGTON, NJ

104 Treymore Ct, Pennington, NJ 08534

3 beds

2.5 baths

$3,500

House for rent

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 $3,575 per month as of August 1, 2026.

Is rent up or down in Pennington?

Average rent prices in Pennington have increased by 3% over the last month and have increased by 12% since last year.

How does Pennington rent compare to the national average?

Rent in Pennington is 84% above the national average, which means renters are paying approximately $1,635 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 $143,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Pennington?

In our current listings, utilities-included rentals are extremely rare in Pennington, appearing in under 0.01% of available apartments across all bedroom types.

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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