Rental Market Reports > Single-Family Home Reports > Pennsylvania

This rental market report examines the average rent in Pennsylvania for five of the most analyzed cities on Rentometer in Q3 2023.

Summary - Year-Over-Year Rent Change

This rental market report highlights the Q3 2023 average rent prices for three-bedroom (3-BR) single-family rentals (SFRs) in these five cities: Erie, Harrisburg, Lancaster, Philadelphia, and Pittsburgh.

According to our data, Erie had the largest year-over-year rent increase of 14%, while Philadelphia had the smallest increase of 2%.

Methodology

• Geography: This report considers rent changes in Rentometer’s five most analyzed SFR markets in Pennsylvania during Q3 2023.

• Property Type: 3-BR SFRs with all bathroom counts.

• Analysis: Rent data was analyzed year-over-year for each city.

• Data: New rents collected at the beginning and end of each quarter are reported, excluding outliers below $500 and above $10,000.

Year-Over-Year Change in Average Rent: 3-BR SFRs

Rent prices in these five Pennsylvania cities experienced the following year-over-year rent increases in Q3 2023:

• The average Erie rent price is $1,372 with a year-over-year rent price increase of 14%
• The average Pittsburgh rent price is $1,806 with a year-over-year rent price increase of 9%
• The average Lancaster rent price is $1,875 with a year-over-year rent price increase of 8%
• The average Harrisburg rent price is $1,592 with a year-over-year rent price increase of 4%
• The average Philadelphia rent price is $1,757 with a year-over-year rent price increase of 2%

City/State	Q3 2022 Average Rent	Q3 2023 Average Rent	YoY % Change
Erie, PA	$1,204	$1,372	14%
Pittsburgh, PA	$1,651	$1,806	9%
Lancaster, PA	$1,733	$1,875	8%
Harrisburg, PA	$1,537	$1,592	4%
Philadelphia, PA	$1,728	$1,757	2%

 

 

 

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