The Alice
365 Terhune Rd,
Princeton, NJ 08540
$2,995 - $6,729 | 1-3 Beds
Princeton
Princeton, NJ
Area Guide
Ivy-League elegance in central New Jersey.
College
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Amtrak
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Schools
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Public Transportation
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Most people are familiar with Princeton as the home of one of America’s top universities, and that is certainly a huge part of the community’s overall character. Princeton University brings museums, performance centers, sporting events, beautiful architecture, and an enormous degree of intellectual capital to the broader community. The academic excellence extends into the public education system as well, with the local schools earning top marks.
Numerous public parks and Carnegie Lake provide terrific venues for residents to get outdoors, and the Nassau Street downtown district is a great area to explore on foot. New York City and Philadelphia are both easily reachable within ninety minutes, and the beaches of the Jersey Shore are only about an hour to the east.
Rent Trends
As of March 2025, the average apartment rent in Princeton, NJ is $2,875 for a studio, $2,706 for one bedroom, $3,370 for two bedrooms, and $3,907 for three bedrooms. Apartment rent in Princeton has increased by 1.9% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$2,706/month
888 Sq Ft
House
$6,511/month
1,764 Sq Ft
Townhome
$4,106/month
1,131 Sq Ft
Transportation
45
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
59
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Schools
Public
Grades PK-5
293 Students
9
Public
Grades PK-5
387 Students
7
Public
Grades PK-5
409 Students
6
Community Park Elementary School
Public
Grades PK-5
286 Students
6
Public
Grades 6-8
816 Students
7
Public
Grades 9-12
1,532 Students
6
School data provided by
GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Points of Interest
Shopping Centers
Parks and Recreation
- Morven Museum & Garden
- Marquand Park
- Princeton Battlefield State Park
- Terhune Orchards
- Mapleton Preserve
Transit / Subway
Military Bases
Airports
- Trenton Mercer
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Property Management Companies in Princeton, NJ
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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.