Shippensburg, 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 Shippensburg, Pennsylvania rental market.
Shippensburg, Pennsylvania
Average Apartment Rent
$1,499
Y-o-Y Change in Average
Apartment Rent
5.6%
As of May 2026
Compared to a year ago, Shippensburg, Pennsylvania apartments have recorded a 5.6% rent increase.
Shippensburg, Pennsylvania Average apartment rent trend
Shippensburg, Pennsylvania Average Apartment Rent
Shippensburg, Pennsylvania Apartment rent ranges
At 57.74%, apartments priced $1,000 - $1,500 represent the bulk of Shippensburg, Pennsylvania rentals, while condos priced Over $3,000 hold the lowest share of the market – 3.4%.
Shippensburg, Pennsylvania Housing tenure**
Renters take up 56% of Shippensburg, Pennsylvania real estate, occupying a total of 1,570 units, while homeowners live in 1,257 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$47,910
Average household size of renter-occupied housing units**
1.86
Rental vacancy rate**
4.2%
Shippensburg, Pennsylvania Renter-occupied housing units by no. of bedrooms**
There are 649 rentals in Shippensburg, Pennsylvania with 2 beds making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (5%), amounting to 77 units. Overall, the median number of rooms in Shippensburg, Pennsylvania homes for rent is 4.2.
Shippensburg, Pennsylvania Renter-occupied units by age of householder**
Most condos for rent in Shippensburg, Pennsylvania are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 2%.
Shippensburg, Pennsylvania Renter-occupied housing units by family type**
Shippensburg, Pennsylvania Renter-occupied housing units by the presence of own children**
A total of 419 apartments for rent in Shippensburg, Pennsylvania, or 27% of all rentals are family households. Additionally, 16% of rental homes include children under the age of 18 – that’s 248 units. All in all, the median size of a renter-occupied household in Shippensburg, Pennsylvania is 1.86.
Shippensburg, Pennsylvania Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Shippensburg, Pennsylvania.
Shippensburg, Pennsylvania Renter-occupied units by year structure built**
The highest share of Shippensburg, Pennsylvania apartment rentals, namely 32% or 503 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (28%, 437 units), and the ones Built 1950 - 1959 (10%, 163 units).
Shippensburg, Pennsylvania Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Shippensburg, Pennsylvania renters (52%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Shippensburg, Pennsylvania condos for rent is 2016.
Shippensburg, Pennsylvania Renter-occupied housing units by vehicles available**
When it comes to transportation options, 61% of Shippensburg, Pennsylvania renters have 1 vehicle available per household, 18% of them have 2 vehicles available, and 10% have 3 vehicles available.
Shippensburg, Pennsylvania Means of transportation to work of householders living in renter-occupied housing units**
Shippensburg, Pennsylvania Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Shippensburg, 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
