State College Town, 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 State College Town, Pennsylvania rental market.
State College Town, Pennsylvania
Average Apartment Rent
$2,111
Y-o-Y Change in Average
Apartment Rent
6.8%
As of March 2026
Compared to a year ago, State College Town, Pennsylvania apartments have recorded a 6.8% rent increase.
State College Town, Pennsylvania Average apartment rent trend
State College Town, Pennsylvania Average Apartment Rent
State College Town, Pennsylvania Apartment rent ranges
At 42.08%, apartments priced $1,000 - $1,500 represent the bulk of State College Town, Pennsylvania rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.67%.
State College Town, Pennsylvania Housing tenure**
Renters take up 74% of State College Town, Pennsylvania real estate, occupying a total of 8,381 units, while homeowners live in 2,976 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$32,990
Average household size of renter-occupied housing units**
2.37
Rental vacancy rate**
4.3%
State College Town, Pennsylvania Renter-occupied housing units by no. of bedrooms**
There are 2,849 rentals in State College Town, Pennsylvania with 2 beds making up the highest share of the market, at 34%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 173 units. Overall, the median number of rooms in State College Town, Pennsylvania homes for rent is 3.8.
State College Town, Pennsylvania Renter-occupied units by age of householder**
Most condos for rent in State College Town, Pennsylvania are occupied by residents in the 15 - 24 years age group (49%), followed by those in the 25 - 34 years age group (27%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.
State College Town, Pennsylvania Renter-occupied housing units by family type**
State College Town, Pennsylvania Renter-occupied housing units by the presence of own children**
A total of 1,250 apartments for rent in State College Town, Pennsylvania, or 15% of all rentals are family households. Additionally, 7% of rental homes include children under the age of 18 – that’s 611 units. All in all, the median size of a renter-occupied household in State College Town, Pennsylvania is 2.37.
State College Town, Pennsylvania Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 48% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in State College Town, Pennsylvania.
State College Town, Pennsylvania Renter-occupied units by year structure built**
The highest share of State College Town, Pennsylvania apartment rentals, namely 26% or 2,198 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (16%, 1,377 units), and the ones Built 1960 - 1969 (15%, 1,240 units).
State College Town, Pennsylvania Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most State College Town, Pennsylvania renters (47%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their State College Town, Pennsylvania condos for rent is 2019.
State College Town, Pennsylvania Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of State College Town, Pennsylvania renters have 1 vehicle available per household, 30% of them have No vehicle available, and 14% have 2 vehicles available.
State College Town, Pennsylvania Means of transportation to work of householders living in renter-occupied housing units**
State College Town, 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 State College Town, 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
