2-Bedroom Apartment Rent in Pennington, NJ
Median asking rent for a 2-bedroom apartment in Pennington, New Jersey as of July 2026. That's +12% lower than the citywide median of $2,947 and +56% above the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Pennington
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Pennington
Compare Pennington's median rent across every apartment size.
Cheapest cities for a 2-bedroom in New Jersey
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Camden | $1,420 |
| 2 | Audubon | $1,450 |
| 3 | West Deptford Township | $1,470 |
| 4 | Bellmawr | $1,480 |
| 5 | Clementon | $1,493 |
| 6 | Atlantic City | $1,510 |
| 7 | Pleasantville | $1,550 |
| 8 | Vineland | $1,550 |
| 9 | Millville | $1,560 |
| 10 | Somerdale | $1,620 |
| 11 | Phillipsburg | $1,630 |
| 12 | Passaic | $1,640 |
| 13 | Blackwood | $1,643 |
| 14 | Seaside Heights | $1,670 |
| 15 | Burlington Township | $1,680 |
Most expensive cities for a 2-bedroom in New Jersey
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Hoboken | $3,450 |
| 2 | Mount Arlington | $3,210 |
| 3 | Morris Plains | $3,210 |
| 4 | Livingston | $3,210 |
| 5 | East Hanover Township | $3,210 |
| 6 | Cedar Knolls | $3,210 |
| 7 | Pine Brook | $3,120 |
| 8 | Edgewater | $3,110 |
| 9 | Cresskill | $3,110 |
| 10 | South Orange | $3,100 |
| 11 | Chatham | $3,090 |
| 12 | Morristown | $3,070 |
| 13 | Morganville | $3,000 |
| 14 | Madison | $2,960 |
| 15 | Summit | $2,950 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Pennington.
| City | Distance | 2-Bedroom rent | vs Pennington |
|---|---|---|---|
| Ewing, NJ | 4.8 mi | $2,000 | $-590 (-23%) |
| Yardley, PA | 6.8 mi | $1,357 | $-1,233 (-48%) |
| Trenton, NJ | 10.4 mi | $2,064 | $-526 (-20%) |
| Langhorne, PA | 13.2 mi | $2,250 | $-340 (-13%) |
| Levittown, PA | 14 mi | $1,820 | $-770 (-30%) |
| Monmouth Junction, NJ | 17.3 mi | $2,280 | $-310 (-12%) |
| Raritan, NJ | 19.5 mi | $2,200 | $-390 (-15%) |
| Huntingdon Valley, PA | 20.7 mi | $1,960 | $-630 (-24%) |
| Somerset, NJ | 21.4 mi | $2,270 | $-320 (-12%) |
| Bridgewater Township, NJ | 21.8 mi | $2,360 | $-230 (-9%) |
| North Brunswick, NJ | 22.6 mi | $2,310 | $-280 (-11%) |
| Bedminster, NJ | 23.9 mi | $2,760 | +$170 (+7%) |
2-Bedroom rent in Pennington — common questions
How much is a 2-bedroom apartment in Pennington?
As of July 2026, the median 2-bedroom apartment rent in Pennington, New Jersey is $2,590 per month. This is +12% below the citywide median of $2,947.
What income do you need to afford a 2-bedroom in Pennington?
Using the standard 30% rent-to-income rule, you would need an annual income of about $103,600 ($8,633/month gross), which works out to roughly $49.81/hour at a full-time job.
Is Pennington expensive for a 2-bedroom compared to the rest of the US?
Pennington's 2-bedroom median of $2,590 is +56% above the national 2-bedroom median of $1,655. It ranks in the 88th percentile of US cities tracked.
How does Pennington rank for 2-bedroom rent in New Jersey?
Among the 174 cities in New Jersey with 2-bedroom data, Pennington ranks #142 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Pennington?
Yes — nearby cities with cheaper 2-bedroom rents include Ewing ($2,000), Yardley ($1,357), Trenton ($2,064).