Rents are 5% below what Princeton's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: July 20, 2026
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Who lives here
Princeton, TX is majority owner-occupied, has a large share of families with children, has a median income above the national average, 28.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Princeton, TX has changed in 5 years
Five years ago, renters in Princeton, TX paid around $1,864 a month. That figure now sits near $1,953, up 4.8% from the 2022 baseline. Median household income climbed from $85,548 to $105,200 between 2021 and 2024, a 23.0% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Princeton, TX adding about 8,546 residents over the five-year window, up 51.2% on net. The renter share has eased from 26.4% to 24.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 25.8% to 28.6% across the same window. Taken together, the five-year picture in Princeton, TX reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Princeton on your salary?
At $1,953/mo, how Princeton rent compares to typical pay (30% rule).
Princeton rent by bedroom count
Median rent for each apartment size in Princeton. Click any size for full breakdown.
Tips for renters in Princeton
Last updated: July 20, 2026
The median rent in Princeton is $1,953/mo as of July 2026. A studio apartment averages $1,730/mo while a 2-bedroom runs $2,130/mo. One-bedroom apartments average $1,820/mo and 3-bedroom units go for $2,670/mo.
At 22% of local median household income ($105,200/yr), Princeton ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.8% over the past year.
Frequently asked questions
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Is rent going up or down in Princeton?
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What percentage of Princeton residents rent vs. own?
How does Princeton rent compare to the national average?
At $1,953/mo, rent takes ~22% of Princeton's median household income ($105,200/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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