Rent by ZIP · Mercer County
Rent in Princeton, NJ 08540
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,890 (+9.9% vs FY2026). Renters in this ZIP code pay a median $2,218 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,050 | $1,840 | +11.4% | $1,845–2,255 | $1,440 ±$606 |
| 1 bedroom | $2,280 | $2,090 | +9.1% | $2,052–2,508 | $1,600 ±$133 |
| 2 bedrooms | $2,890 | $2,630 | +9.9% | $2,601–3,179 | $2,349 ±$291 |
| 3 bedrooms | $3,500 | $3,150 | +11.1% | $3,150–3,850 | $3,091 ±$395 |
| 4 bedrooms | $3,940 | $3,570 | +10.4% | $3,546–4,334 | $3,500+ |
Small Area FMRs for the Trenton-Princeton, NJ MSA. This ZIP code is in more than one HUD area; figures are for the main one. 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 08540
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 |
|---|---|---|---|
| 08542 | Princeton | $3,360 | $2,885 |
| 08536 | Plainsboro | $2,720 | $2,291 |
| 08544 | Princeton | $3,000 | – |
| 08535 | Millstone Township | $2,980 | – |
| 08534 | Pennington | $2,790 | $1,588 |
| 08533 | New Egypt | $2,100 | $1,950 |
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.