Rent by ZIP · Mercer County
Rent in Pennington, NJ 08534
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,790 (+10.7% vs FY2026). Renters in this ZIP code pay a median $2,004 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,940 | $1,740 | +11.5% | $1,746–2,134 | $3,500+ |
| 1 bedroom | $2,200 | $2,000 | +10% | $1,980–2,420 | $2,106 ±$521 |
| 2 bedrooms | $2,790 | $2,520 | +10.7% | $2,511–3,069 | $1,588 ±$666 |
| 3 bedrooms | $3,410 | $3,020 | +12.9% | $3,069–3,751 | $1,971 ±$296 |
| 4 bedrooms | $3,830 | $3,450 | +11% | $3,447–4,213 | – |
Small Area FMRs for the Trenton-Princeton, NJ MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Trenton-Princeton, NJ MSA, 2 bedrooms: $2,242.
What renters pay in 08534
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 08533 | New Egypt | $2,100 | $1,950 |
| 08535 | Millstone Township | $2,980 | – |
| 08536 | Plainsboro | $2,720 | $2,291 |
| 08530 | Lambertville | $2,590 | $1,914 |
| 08528 | Kingston | $2,890 | – |
| 08540 | Princeton | $2,890 | $2,349 |
Fair Market Rents across Mercer County, NJ · All NJ counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.