Mercer County, NJ

2025 Fair Market Rents

Tags: 2025 Trenton, NJ MSA

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The top four largest cities in Mercer County are Princeton, Lawrence Township, Trenton, and Hightstown. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Mercer County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Mercer County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Mercer County compare?

Mercer County ($2,028) has a 2.8% higher FMR for 2-Bedroom housing than the average of New Jersey ($1,973) and therefore a higher gross rent.

Mercer County is rank 13th out of 21 counties. This means the FMRs, or in other words, the gross rent is lower than 12 other counties. Mercer County is the 9th cheapest county in terms of FMRs.

Rent Tables Mercer County, NJ

Fair Market Rent (40th Percentile)

$1,391
studio
$1,605
1-Bedroom
$2,028
2-Bedroom
$2,443
3-Bedroom
$2,747
4-Bedroom

Median Rent (50th Percentile)

$1,542
studio
$1,779
1-Bedroom
$2,248
2-Bedroom
$2,708
3-Bedroom
$3,045
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
08512 $1,450 $1,630 $2,050 $2,490 $2,730
08520 $1,450 $1,670 $2,110 $2,540 $2,860
08540 $1,860 $2,130 $2,690 $3,240 $3,630
08520 $1,450 $1,670 $2,110 $2,540 $2,860
08691 $1,820 $2,100 $2,660 $3,200 $3,600
08512 $1,450 $1,630 $2,050 $2,490 $2,730
08520 $1,450 $1,670 $2,110 $2,540 $2,860
08534 $1,780 $2,050 $2,590 $3,120 $3,510
08540 $1,860 $2,130 $2,690 $3,240 $3,630
08542 $1,980 $2,290 $2,890 $3,480 $3,910
08543 $1,390 $1,610 $2,030 $2,450 $2,750
08544 $1,890 $2,170 $2,740 $3,300 $3,700
08550 $2,080 $2,410 $3,040 $3,660 $4,120
08561 $1,620 $1,870 $2,370 $2,850 $3,210
08601 $1,390 $1,610 $2,030 $2,450 $2,750
08602 $1,390 $1,610 $2,030 $2,450 $2,750
08603 $1,390 $1,610 $2,030 $2,450 $2,750
08604 $1,390 $1,610 $2,030 $2,450 $2,750
08605 $1,390 $1,610 $2,030 $2,450 $2,750
08606 $1,390 $1,610 $2,030 $2,450 $2,750
08607 $1,390 $1,610 $2,030 $2,450 $2,750
08608 $1,220 $1,400 $1,800 $2,180 $2,400
08609 $1,220 $1,400 $1,800 $2,180 $2,400
08611 $1,260 $1,460 $1,840 $2,220 $2,490
08618 $1,220 $1,400 $1,800 $2,180 $2,400
08619 $1,470 $1,700 $2,150 $2,590 $2,910
08628 $1,390 $1,600 $2,020 $2,430 $2,740
08629 $1,220 $1,400 $1,800 $2,180 $2,400
08638 $1,360 $1,570 $1,980 $2,390 $2,680
08648 $1,780 $2,060 $2,600 $3,130 $3,520
08650 $1,390 $1,610 $2,030 $2,450 $2,750
08690 $1,470 $1,700 $2,150 $2,590 $2,910
08691 $1,820 $2,100 $2,660 $3,200 $3,600
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
08512 $1,305 $1,467 $1,845 $2,241 $2,457
08520 $1,305 $1,503 $1,899 $2,286 $2,574
08540 $1,674 $1,917 $2,421 $2,916 $3,267
08520 $1,305 $1,503 $1,899 $2,286 $2,574
08691 $1,638 $1,890 $2,394 $2,880 $3,240
08512 $1,305 $1,467 $1,845 $2,241 $2,457
08520 $1,305 $1,503 $1,899 $2,286 $2,574
08534 $1,602 $1,845 $2,331 $2,808 $3,159
08540 $1,674 $1,917 $2,421 $2,916 $3,267
08542 $1,782 $2,061 $2,601 $3,132 $3,519
08543 $1,251 $1,449 $1,827 $2,205 $2,475
08544 $1,701 $1,953 $2,466 $2,970 $3,330
08550 $1,872 $2,169 $2,736 $3,294 $3,708
08561 $1,458 $1,683 $2,133 $2,565 $2,889
08601 $1,251 $1,449 $1,827 $2,205 $2,475
08602 $1,251 $1,449 $1,827 $2,205 $2,475
08603 $1,251 $1,449 $1,827 $2,205 $2,475
08604 $1,251 $1,449 $1,827 $2,205 $2,475
08605 $1,251 $1,449 $1,827 $2,205 $2,475
08606 $1,251 $1,449 $1,827 $2,205 $2,475
08607 $1,251 $1,449 $1,827 $2,205 $2,475
08608 $1,098 $1,260 $1,620 $1,962 $2,160
08609 $1,098 $1,260 $1,620 $1,962 $2,160
08611 $1,134 $1,314 $1,656 $1,998 $2,241
08618 $1,098 $1,260 $1,620 $1,962 $2,160
08619 $1,323 $1,530 $1,935 $2,331 $2,619
08628 $1,251 $1,440 $1,818 $2,187 $2,466
08629 $1,098 $1,260 $1,620 $1,962 $2,160
08638 $1,224 $1,413 $1,782 $2,151 $2,412
08648 $1,602 $1,854 $2,340 $2,817 $3,168
08650 $1,251 $1,449 $1,827 $2,205 $2,475
08690 $1,323 $1,530 $1,935 $2,331 $2,619
08691 $1,638 $1,890 $2,394 $2,880 $3,240
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
08512 $1,595 $1,793 $2,255 $2,739 $3,003
08520 $1,595 $1,837 $2,321 $2,794 $3,146
08540 $2,046 $2,343 $2,959 $3,564 $3,993
08520 $1,595 $1,837 $2,321 $2,794 $3,146
08691 $2,002 $2,310 $2,926 $3,520 $3,960
08512 $1,595 $1,793 $2,255 $2,739 $3,003
08520 $1,595 $1,837 $2,321 $2,794 $3,146
08534 $1,958 $2,255 $2,849 $3,432 $3,861
08540 $2,046 $2,343 $2,959 $3,564 $3,993
08542 $2,178 $2,519 $3,179 $3,828 $4,301
08543 $1,529 $1,771 $2,233 $2,695 $3,025
08544 $2,079 $2,387 $3,014 $3,630 $4,070
08550 $2,288 $2,651 $3,344 $4,026 $4,532
08561 $1,782 $2,057 $2,607 $3,135 $3,531
08601 $1,529 $1,771 $2,233 $2,695 $3,025
08602 $1,529 $1,771 $2,233 $2,695 $3,025
08603 $1,529 $1,771 $2,233 $2,695 $3,025
08604 $1,529 $1,771 $2,233 $2,695 $3,025
08605 $1,529 $1,771 $2,233 $2,695 $3,025
08606 $1,529 $1,771 $2,233 $2,695 $3,025
08607 $1,529 $1,771 $2,233 $2,695 $3,025
08608 $1,342 $1,540 $1,980 $2,398 $2,640
08609 $1,342 $1,540 $1,980 $2,398 $2,640
08611 $1,386 $1,606 $2,024 $2,442 $2,739
08618 $1,342 $1,540 $1,980 $2,398 $2,640
08619 $1,617 $1,870 $2,365 $2,849 $3,201
08628 $1,529 $1,760 $2,222 $2,673 $3,014
08629 $1,342 $1,540 $1,980 $2,398 $2,640
08638 $1,496 $1,727 $2,178 $2,629 $2,948
08648 $1,958 $2,266 $2,860 $3,443 $3,872
08650 $1,529 $1,771 $2,233 $2,695 $3,025
08690 $1,617 $1,870 $2,365 $2,849 $3,201
08691 $2,002 $2,310 $2,926 $3,520 $3,960

Fair Market Rents on this page apply to the following cities in Mercer County, New Jersey: Princeton, Lawrence Township, Trenton, Hightstown, Princeton Junction, Pennington, Cranbury, and Windsor.

These Fair Market Rents also apply to the following ZIP codes in Mercer County, New Jersey: 08540, 08648, 08618, 08520, 08619, 08550, 08690, 08638, 08611, 08691, 08534, 08629, 08512, 08609, 08628, 08542, 08544, 08607, 08608, and 08561.

Mercer County, NJ is considered part of the following metro FMR area: TRENTON, NJ MSA.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.