Cheap Homes for Rent in Pennington, NJ from $700 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Pennington.

property at 43 Bradway Ave

43 Bradway Ave

TrentonNJ08618

Pennington, NJ Local Guide

Cheapest Neighborhoods for Apartments in Pennington, NJ

Pricing Updated: 03/25/2025

Current apartment rentals in the Pennington, NJ area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Pennington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
King's Gate North and East$4,125$1,500158
Pennington Hopewell$15,000$1,500216

Cheapest Available Pennington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pennington, NJ is a 1 Bed unit found at Birchwood at Hopewell (55+) Community in the King's Gate North and East neighborhood priced from $1,411. Lafayette House in the Mill Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,422. Here is today’s list of the most affordable Pennington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Birchwood at Hopewell (55+) Community1 Bedroom1BR,1BA$1,411
Lafayette House1+D/1.5B1BR,1BA$1,422
Eastgate ApartmentsONE BEDROOM1BR,1BA$1,510
The Gardens at Birmingham2 Bedroom Townhouse2BR,1BA$1,549
Woodbrook House ApartmentsOne Bedroom1BR,1BA$1,575

Best Value Apartments for Rent in Pennington, NJ and Nearby

As of March 26, 2025 the best value apartment in the Pennington area is the $1.24 price per square foot 1 BR w/Basement 1,650 sq.ft. Model at Parkside Court in the in the King's Gate North and East neighborhood starting from $2,045. The second greatest value Pennington apartment is the 2 bedroom washer dryer Model at River's Edge Apartments starting at $2,000 with a $1.82 price per square foot in the Outer Trenton Hamilton Ewing neighborhood. Here is today’s list of the best values for Pennington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkside Court1 BR w/Basement 1,650 sq.ft.1BR,1BA$1.24
River's Edge Apartments2 bedroom washer dryer2BR,1BA$1.82
Carriage Park at Lawrence (55+)1x11BR,1BA$1.90
The Gardens at Birmingham2 Bedroom Townhouse2BR,1BA$1.53
Lafayette House1+D/1.5B1BR,1.5BA$1.42
Colonial Gardens Trenton ProudLarge 2 Bedroom2BR,1BA$1.73
Parkside ManorTwo Bedrooms2BR,1BA$1.99
White Pine Townhomes and Apartments1 BEDROOM FIRST FLOOR1BR,1BA$1.98
Eastgate ApartmentsONE BEDROOM1BR,1BA$2.07
Birchwood at Hopewell (55+) Community1 Bedroom1BR,1BA$2.11

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Pennington

What type of rentals are currently available in Pennington?

There are currently 37 Apartments for Rent in Pennington, NJ with pricing that ranges from $790 to $9,785. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington ranging from $750 to $15,000.

What is the current price range for Rental Homes in Pennington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pennington ranges from $750 to $15,000 with an average monthly rent of $5,608.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.