Pittsburgh, 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 Pittsburgh, Pennsylvania rental market.
Highlights
An apartment for rent in Pittsburgh, Pennsylvania typically goes for $1,562 per month, while a single-family home for rent in Pittsburgh, Pennsylvania has a monthly cost of around $1,318. Renter-occupied units make up 53% of the local housing market, while the rental vacancy rate in Pittsburgh, Pennsylvania is at 5.5.
Pittsburgh, Pennsylvania
Average Apartment Rent
$1,562
Y-o-Y Change in Average
Apartment Rent
2.7%
Average Single-Family Rent
$1,318
As of July 2024
Compared to a year ago, Pittsburgh, Pennsylvania apartments have recorded a 2.7% rent increase.
Pittsburgh, Pennsylvania |Average apartment rent trend
Pittsburgh, Pennsylvania| Average apartment rent
Pittsburgh, Pennsylvania | Apartment rent ranges
At 37.13%, apartments priced $1,000 - $1,500 represent the bulk of Pittsburgh, Pennsylvania rentals, while condos priced Under $500 hold the lowest share of the market – 0.33%.
Pittsburgh, Pennsylvania | Housing tenure**
Renters take up 53% of Pittsburgh, Pennsylvania real estate, occupying a total of 72,242 units, while homeowners live in 64,984 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$42,304
Average household size of renter-occupied housing units**
1.91
Rental vacancy rate**
5.5%
Pittsburgh, Pennsylvania | Renter-occupied housing units by no. of bedrooms**
There are 26,675 rentals in Pittsburgh, Pennsylvania with 1 bed making up the highest share of the market, at 37%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 1,614 units. Overall, the median number of rooms in Pittsburgh, Pennsylvania homes for rent is 4.
Pittsburgh, Pennsylvania |Renter-occupied units by age of householder**
Most condos for rent in Pittsburgh, Pennsylvania are occupied by residents in the 25 - 34 years age group (36%), followed by those in the 35 - 44 years age group (15%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Pittsburgh, Pennsylvania | Renter-occupied housing units by family type**
Pittsburgh, Pennsylvania | Renter-occupied housing units by the presence of own children**
A total of 20,404 apartments for rent in Pittsburgh, Pennsylvania, or 28% of all rentals are family households. Additionally, 16% of rental homes include children under the age of 18 – that’s 11,300 units. All in all, the median size of a renter-occupied household in Pittsburgh, Pennsylvania is 1.91.
Pittsburgh, Pennsylvania | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 49% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Pittsburgh, Pennsylvania.
Pittsburgh, Pennsylvania | Renter-occupied units by year structure built**
The highest share of Pittsburgh, Pennsylvania apartment rentals, namely 37% or 26,382 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (11%, 7,962 units), and the ones Built 1960 - 1969 (11%, 7,627 units).
Pittsburgh, Pennsylvania | Renter-occupied units by year householder moved in**
Median year renter moved into unit2018
Most Pittsburgh, Pennsylvania renters (38%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Pittsburgh, Pennsylvania condos for rent is 2018.
Pittsburgh, Pennsylvania | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Pittsburgh, Pennsylvania renters have 1 vehicle available per household, 34% of them have No vehicle available, and 15% have 2 vehicles available.
Pittsburgh, Pennsylvania | Means of transportation to work of householders living in renter-occupied housing units**
Pittsburgh, Pennsylvania |Geographical mobility in the past year for householders living in renter-occupied housing units**
Pittsburgh, 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 Pittsburgh, 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
