Rent by ZIP · Mercer County
Rent in Princeton, NJ 08542
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $3,360 (+14.7% vs FY2026). Renters in this ZIP code pay a median $2,497 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,340 | $2,020 | +15.8% | $2,106–2,574 | $1,560 ±$1,099 |
| 1 bedroom | $2,640 | $2,320 | +13.8% | $2,376–2,904 | $2,435 ±$433 |
| 2 bedrooms | $3,360 | $2,930 | +14.7% | $3,024–3,696 | $2,885 ±$1,273 |
| 3 bedrooms | $4,110 | $3,510 | +17.1% | $3,699–4,521 | $2,792 ±$1,244 |
| 4 bedrooms | $4,620 | $4,010 | +15.2% | $4,158–5,082 | $3,500+ |
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 08542
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 |
|---|---|---|---|
| 08540 | Princeton | $2,890 | $2,349 |
| 08544 | Princeton | $3,000 | – |
| 08536 | Plainsboro | $2,720 | $2,291 |
| 08535 | Millstone Township | $2,980 | – |
| 08534 | Pennington | $2,790 | $1,588 |
| 08550 | Princeton Junction | $3,360 | $3,074 |
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.