Allentown, Pennsylvania Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Allentown, Pennsylvania rental market.
Highlights
An apartment for rent in Allentown, Pennsylvania typically goes for $1,640 per month, while a single-family home for rent in Allentown, Pennsylvania has a monthly cost of around $2,171. Renter-occupied units make up 58% of the local housing market, while the rental vacancy rate in Allentown, Pennsylvania is at 4.4.
Allentown, Pennsylvania
Average Apartment Rent
$1,640
Y-o-Y Change in Average
Apartment Rent
3.3%
Average Single-Family Rent
$2,171
As of November 2024
Compared to a year ago, Allentown, Pennsylvania apartments have recorded a 3.3% rent increase.
Allentown, Pennsylvania Average apartment rent trend
Allentown, Pennsylvania Average Apartment Rent
Allentown, Pennsylvania Apartment rent ranges
At 44.01%, apartments priced $1,000 - $1,500 represent the bulk of Allentown, Pennsylvania rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.49%.
Allentown, Pennsylvania Housing tenure**
Renters take up 58% of Allentown, Pennsylvania real estate, occupying a total of 26,278 units, while homeowners live in 19,275 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$39,347
Average household size of renter-occupied housing units**
2.65
Rental vacancy rate**
4.4%
Allentown, Pennsylvania Renter-occupied housing units by no. of bedrooms**
There are 7,791 rentals in Allentown, Pennsylvania with 2 beds making up the highest share of the market, at 30%. Units with 5 or more beds, on the other hand, hold the lowest percentage (5%), amounting to 1,264 units. Overall, the median number of rooms in Allentown, Pennsylvania homes for rent is 4.3.
Allentown, Pennsylvania Renter-occupied units by age of householder**
Most condos for rent in Allentown, Pennsylvania are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Allentown, Pennsylvania Renter-occupied housing units by family type**
Allentown, Pennsylvania Renter-occupied housing units by the presence of own children**
A total of 14,690 apartments for rent in Allentown, Pennsylvania, or 56% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 9,924 units. All in all, the median size of a renter-occupied household in Allentown, Pennsylvania is 2.65.
Allentown, Pennsylvania Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 14% of the rental market. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in Allentown, Pennsylvania.
Allentown, Pennsylvania Renter-occupied units by year structure built**
The highest share of Allentown, Pennsylvania apartment rentals, namely 40% or 10,554 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (14%, 3,571 units), and the ones Built 1970 - 1979 (13%, 3,491 units).
Allentown, Pennsylvania Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Allentown, Pennsylvania renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Allentown, Pennsylvania condos for rent is 2017.
Allentown, Pennsylvania Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Allentown, Pennsylvania renters have 1 vehicle available per household, 23% of them have No vehicle available, and 20% have 2 vehicles available.
Allentown, Pennsylvania Means of transportation to work of householders living in renter-occupied housing units**
Allentown, Pennsylvania Geographical mobility in the past year for householders living in renter-occupied housing units**
Allentown, Pennsylvania Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Allentown, Pennsylvania apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
