Pittsburgh rents and rental comps

Name: Pittsburgh, PA rental market data
Creator: PropMetrics

The median asking rent across 20 Pittsburgh zip codes is $1,460/month, down 1.9% from a year ago.

Former steel city that traded blast furnaces for hospitals and tech campuses. Healthcare workers and software engineers make better tenants than steel workers ever did. Affordable entry points, steady demand from major employers and universities.

Median Asking Rent

$1,460

Rent Change (YoY)

-1.9%

Avg Days on Market

Active Rental Listings

2,677

Median List Price

$270,250

Median Asking Rent Over Time

Average across 20 zip codes

12 months-1.2%

Median Asking Rent by ZIP Code

Rental Listings by ZIP Code

ZIP	Median Rent	YoY Growth	$/Sqft	Avg DOM	Listings
15201	$2,030/mo	+12.8%	$1.78	47	152
15203	$1,640/mo	+2.5%	$1.41	55	210
15237	$1,541/mo	-22.8%	$1.55	41	37
15217	$1,525/mo	-4.7%	$1.88	49	256
15232	$1,515/mo	-7.9%	$2.13	62	203
15213	$1,500/mo	-9.1%	$1.86	72	174
15224	$1,495/mo	-5.1%	$1.56	56	108
15206	$1,475/mo	-6.3%	$1.59	65	337
15211	$1,450/mo	0.0%	$1.37	45	173
15219	$1,435/mo	+6.3%	$1.69	109	59
15205	$1,410/mo	+17.5%	$1.37	57	70
15212	$1,400/mo	-5.1%	$1.25	51	144
15208	$1,395/mo	0.0%	$1.42	92	33
15214	$1,395/mo	-7.0%	$1.09	74	45
15207	$1,300/mo	+4.0%	$1.27	55	37
15210	$1,300/mo	-6.8%	$1.11	45	203
15216	$1,245/mo	-4.2%	$1.39	59	154
15221	$1,200/mo	-4.0%	$1.36	65	110
15202	$1,175/mo	+2.2%	$1.31	44	103
15218	$1,149/mo	-0.1%	$1.34	61	69

Comps for any address in Pittsburgh

Type the address, get the comps. No setup.

Median Asking Rent by Bedroom

Unit Size	Median Rent	$/Sqft
Studio	$1,000/mo	$1.95/sqft
1 Bedroom	$1,123/mo	$1.64/sqft
2 Bedroom	$1,397/mo	$1.42/sqft
3 Bedroom	$1,725/mo	$1.33/sqft
4 Bedroom	$1,975/mo	$1.21/sqft

Aggregated median across all Pittsburgh zip codes with available data.

For-Sale Listings by ZIP Code

ZIP	Median List Price	YoY Change	$/Sqft
15232	$699,000	+20.5%	$320.68
15217	$469,000	+4.2%	$267.86
15201	$428,000	+13.5%	$277.22
15206	$365,000	+4.3%	$235.55
15224	$350,000	+27.3%	$225.16
15237	$340,000	+3.0%	$208.89
15203	$290,000	-3.0%	$175.84
15213	$284,900	+14.4%	$211.00
15211	$279,900	+12.0%	$201.56
15202	$275,000	+19.6%	$164.19
15205	$265,500	+18.0%	$169.83
15216	$260,000	+13.1%	$181.98
15218	$242,000	+5.3%	$170.82
15212	$239,900	+6.6%	$147.39
15219	$229,900	+23.6%	$166.44
15207	$190,000	+0.3%	$136.36
15221	$185,000	+0.1%	$131.36
15214	$180,000	-15.9%	$118.04
15210	$144,900	-3.3%	$94.85
15208	$125,000	-80.0%	$56.19

HUD Fair Market Rents

Unit Size	Fair Market Rent	Median Asking Rent	Difference
Studio	$1,290/mo	$1,000/mo	-22%
1 Bedroom	$1,390/mo	$1,123/mo	-19%
2 Bedroom	$1,680/mo	$1,397/mo	-17%
3 Bedroom	$2,150/mo	$1,725/mo	-20%
4 Bedroom	$2,310/mo	$1,975/mo	-15%

HUD publishes Fair Market Rents once a year for the Pittsburgh metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.

About the Pittsburgh rental market

The median asking rent across Pittsburgh, PA sits at $1,460/month, pulled from active rental listings in 20 zip codes. That's down 1.9% from a year ago.

Rents aren't uniform across the city. ZIP 15201 tops the list at $2,030/month. ZIP 15218 comes in lowest at $1,149/month. That's a 77% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,397/month at the median. 1-bedrooms run about $1,123. 3-bedrooms come in around $1,725.

Listings take longer here. The average is 60 days on market, which gives renters more room to negotiate and means landlords should price carefully.

Rent-to-price math is tight in Pittsburgh. The gross figure sits at about 6.5% ($1,460/month against $270,250 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Pittsburgh metro is $1,680/month. Asking rents come in about 13% below the federal benchmark, which can make Section 8 properties competitive here.

Pittsburgh has become a solid rental market. UPMC and Carnegie Mellon are the anchors. UPMC is one of the largest healthcare systems in the country, and CMU produces a tech talent pipeline that Google, Apple, and Uber have followed here. Lawrenceville, Shadyside, and the Strip District are premium. South Side, Bloomfield, and the East End span a wider price range. Property prices stay reasonable compared to coastal cities Pittsburgh competes with for talent. The rivers and hills separate neighborhoods sharply, so each one has its own personality and rent profile. Flies under the radar, but the fundamentals hold up.

These numbers are city-wide averages. If you're pricing a specific property in Pittsburgh, pull comps from the same zip code. The spread is usually bigger than people expect.