Avalon Princeton
100 Albert Way,
Princeton, NJ 08540
$2,640 - $5,323 | Studio - 3 Beds
Downtown Princeton
Princeton, NJ
Downtown Princeton - Princeton, NJ
Area Guide
A historic shopping district nearing Princeton University
Upscale
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University
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Restaurants
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Shops
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Historic
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Ever dreamed of living amidst the beautiful and historic Princeton University? Even if you haven’t, Downtown Princeton, New Jersey is a hidden gem that you’ll surely adore. On the opposite side of Nassau Street from the neighborhood’s commercial district, known as Palmer Square, you’ll discover Princeton University’s stunning campus, filled with lush lawns, towering trees, and historic architecture.
Palmer Square contains the best boutique shops and local eateries in town! Dine with farm-to-table fare at Agricola Eatery on Witherspoon Street, or find your favorite album at Princeton Record Exchange on South Tulane Street. There’s a wonderful variation of shops and restaurants to choose from in Downtown Princeton, offering a cultural diversity that’s appreciated throughout the community.
From luxurious to historic, Downtown offers numerous apartments and townhomes for rent around its safe residential streets. Though there are plenty of shopping, dining, and entertainment options, Downtown Princeton is unique in its peaceful atmosphere and suburban lifestyle. This upscale neighborhood houses historic structures such as Nassau Hall and Princeton University Art Museum, both situated on the University’s historic campus.
Rent Trends
As of March 2025, the average apartment rent in Downtown Princeton is $2,456 for a studio, $3,483 for one bedroom, $4,100 for two bedrooms, and $5,186 for three bedrooms. Apartment rent in Downtown Princeton has increased by 1.3% in the past year.
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Studio
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577 sq ft
Average Sq Ft
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$2,456/month
Average Rent
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1 BR
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1,253 sq ft
Average Sq Ft
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$3,483/month
Average Rent
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2 BR
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1,266 sq ft
Average Sq Ft
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$4,100/month
Average Rent
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3 BR
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1,988 sq ft
Average Sq Ft
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$5,186/month
Average Rent
Transportation
91
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
88
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- Morven Museum & Garden
- Marquand Park
- Princeton Battlefield State Park
- Mapleton Preserve
- Terhune Orchards
Transit / Subway
Military Bases
Airports
- Trenton Mercer
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.