10

Princeton, IN Homes for Rent

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  • /35

    Starting at $1,050 Per Month

    • 1 - 2 Beds

    2100 S Richland Creek Dr, Princeton, IN 47670

    We don't just rent apartments. From the moment you walk through the front door you'll feel the comfort and security that makes our residents happy to call us home. Cutting edge amenities, meticulously-groomed grounds, and a dedicated staff contributes to a higher standard of living. Convenient shopping, award-winning schools, local museums and parks are all close at hand, with sponsored

    Vail Estates Apartments

    2100 S Richland Creek Dr, Princeton, IN 47670
  • /20

    Starting at $1,125 Per Month

    • 2 - 3 Beds

    220 W Garfield Ave, Princeton, IN 47670

    Baldwin Heights

    220 W Garfield Ave, Princeton, IN 47670
  • /10

    $1,400 Per Month

    • 3 Beds
    • 1.5 Baths
    • 964 Sq Ft
    • House for Rent

    501 Lincoln Ave, Princeton, IN 47670

    501 Lincoln Ave, Princeton, IN 47670

Why Live in Princeton

Princeton, Indiana, is a small city located about 30 miles north of Evansville, known for its friendly community and rural charm. With a population of approximately 8,300 residents, Princeton offers essential shopping, dining, and recreational amenities. Housing options vary from modest cottages and bungalows in the downtown area to new builds in subdivisions like Northbrook Hills and White Church Crossing on the outskirts. The Toyota Motor Manufacturing plant is a significant fixture, employing over 7,500 people and featuring a visitor’s center with tram-driven tours. Other major employers include Hansen Corporation and Duke Energy Operations Center. Outdoor enthusiasts can enjoy South Side Park's walking trail, basketball court, and disc golf course, as well as Lafayette Park's fishing pond and the Princeton Aquatic Center's pool and water slides. Downtown Princeton is pedestrian-friendly, with well-maintained sidewalks and a variety of local businesses, including diners, cafés, and boutiques. Dick Clark’s Family Restaurant, a local favorite since 1946, is known for its classic cheeseburgers and ice cream. For groceries, residents have access to Ruler Foods, IGA, Save-A-Lot, and Walmart. Princeton is conveniently located at the junction of state highways 41 and 54, providing easy access to Evansville and Louisville. The closest airport is Evansville Regional Airport, 24 miles away. Princeton's schools, part of the North Gibson School Corporation district, are highly rated, and the city also has two private schools. Winters are cold with some snow, while summers are hot and humid, and tornadoes can occur.

Frequently Asked Questions

How much does it cost to rent a home in Princeton, IN?
The median rent for a home in Princeton, IN is $1,400 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Princeton, IN?
To comfortably afford the median rent in Princeton, IN, a household needs to earn roughly $56,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,400 per month in Princeton, IN, renters typically need to show $4,200 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Princeton, IN?
In Princeton, IN, the price-to-rent ratio is 10.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,400
Median Single Family Home Rent
$1,085
Median Townhouse Rent
$995
How to Rent a Home