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Typical Rent in 08540 — Princeton, NJ
The typical 1-bedroom rent in 08540 (Princeton, NJ) is $1,691/month as of 2026, based on 5 data sources. Rents have fallen 3.2% year over year, so an increase above 3.2% exceeds the local market trend. Studio: $1,840. 2-bedroom: $2,630.
Rents in Princeton have changed approximately -3.5% – -1.9% over the past year based on local market data. Rents are declining in this area — any increase is above the local market trend.
Estimated Rent · 1-Bedroom
$1,691/mo
Source: HUD Estimated Rent
Data through
Based on 5 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 08540 (Princeton, NJ) is $2,090 for FY2026.
Rents in 08540 have decreased 3.2% year-over-year based on local market data.
The confidence level for this estimate is high based on 5 data sources.
Based on local market data, a fair rent increase in Princeton (08540) is approximately 3.2% for 2026. The typical 1-bedroom rent is $1,691/month. Any increase significantly above 3.2% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 08540 (Princeton)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 08540 (Princeton) typically rents for $1,840 – $2,116.
Rents above $2,433 are in the top 25% for this area.
A 1-bedroom in 08540 (Princeton) typically rents for $2,090 – $2,404.
Rents above $2,765 are in the top 25% for this area.
A 2-bedroom in 08540 (Princeton) typically rents for $2,630 – $3,024.
Rents above $3,478 are in the top 25% for this area.
A 3-bedroom in 08540 (Princeton) typically rents for $3,150 – $3,622.
Rents above $4,165 are in the top 25% for this area.
A 4-bedroom in 08540 (Princeton) typically rents for $3,570 – $4,106.
Rents above $4,722 are in the top 25% for this area.
Current Asking Rents in 08540
Average Asking Rent
$3,681/mo
Typical Asking Rent
$3,500/mo
Range
$653 – $10,000
Active Listings
168
These are current asking rents from active listings in 08540. Compare to the HUD fair market rent above to see how the market compares to federal benchmarks.
Source: Live market data (cached)
Rent Increase Laws in New Jersey →
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Rent Trends in Princeton, NJ
-3.2%
Rents in 08540 (Princeton) are cooling at -3.2% year-over-year.
✓ Verified trend
Market sources range from -3.5% to -1.9%
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent
Federal Rent Benchmarks for 08540
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Trenton-Princeton, NJ MSA area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $1,840 | $1,471 |
| 1-Bedroom | $2,090 | $1,691 |
| 2-Bedroom | $2,630 | $2,134 |
| 3-Bedroom | $3,150 | $2,559 |
| 4-Bedroom | $3,570 | $2,922 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 08540
What is the average 1-bedroom rent in 08540?
The typical 1-bedroom rent in 08540 (Princeton, NJ) is $1,691/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,840 and 2-bedroom rent at $2,630.
What is a fair rent increase in 08540?
A rent increase up to about 3.2% is in line with the recent local market trend in 08540. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 08540?
Rents in 08540 have fallen 3.2% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 08540?
On this page, studio rent in 08540 is $1,840/month and 2-bedroom rent is $2,630/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 08540 ($2,090/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Princeton, NJ
| Zip Code | Location | 1-BR Fair Market Rent |
|---|---|---|
| 08542 | Princeton, NJ | $2,320 |
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →