Median rents, rental comps, and market trends across 15 zip codes in Pittsburgh, PA.
Former steel city that traded blast furnaces for hospitals and tech campuses. Turns out healthcare workers and software engineers are much better tenants. Affordable entry points with steady rental demand from major employers and universities.
Median Asking Rent
$1,475
Rent Change (YoY)
-7.0%
Avg Days on Market
57
Active Rental Listings
2,088
Median List Price
$260,000
Average across 15 zip codes
ZIP | Median Rent |
|---|---|
| 15201 | $1,850/mo |
| 15213 | $1,585/mo |
| 15237 | $1,566/mo |
| 15203 | $1,550/mo |
| 15217 | $1,500/mo |
| 15232 | $1,495/mo |
| 15206 | $1,475/mo |
| 15224 | $1,449/mo |
| 15211 | $1,425/mo |
| 15212 | $1,395/mo |
| 15214 | $1,350/mo |
| 15219 | $1,350/mo |
| 15210 | $1,349/mo |
| 15208 | $1,295/mo |
| 15216 | $1,195/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $963/mo |
| 1 Bedroom | $1,100/mo |
| 2 Bedroom | $1,400/mo |
| 3 Bedroom | $1,799/mo |
| 4 Bedroom | $2,400/mo |
Aggregated median across all Pittsburgh zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 15232 | $715,000 |
| 15201 | $425,000 |
| 15217 | $395,000 |
| 15206 | $335,000 |
| 15237 | $319,900 |
| 15224 | $299,900 |
| 15203 | $289,900 |
| 15211 | $260,000 |
| 15216 | $249,999 |
| 15213 | $249,900 |
| 15212 | $235,000 |
| 15208 | $190,000 |
| 15214 | $189,900 |
| 15219 | $175,000 |
| 15210 | $145,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,290/mo |
| 1 Bedroom | $1,390/mo |
| 2 Bedroom | $1,680/mo |
| 3 Bedroom | $2,150/mo |
| 4 Bedroom | $2,310/mo |
Fair Market Rents are published annually by HUD for the Pittsburgh metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Pittsburgh, PA is currently $1,475/month, based on active rental listings across 15 zip codes. Median asking rents have decreased by -7.0% over the past 12 months.
Asking rents vary significantly across the city. ZIP 15201 has the highest median asking rent at $1,850/month, while ZIP 15216 comes in at $1,195/month.
Rental listings in the area spend an average of 57 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Pittsburgh metro area is $1,680/month. Current median asking rents are near or below the FMR for this area.
Pittsburgh has quietly 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 pipeline of tech talent that companies like Google, Apple, and Uber have followed. Lawrenceville, Shadyside, and the Strip District are premium. South Side, Bloomfield, and the East End offer more variety. Property prices are still very reasonable compared to the coastal cities that Pittsburgh competes with for talent. The neighborhoods are distinct and separated by rivers and hills, so each one has its own personality and rent profile. For investors, Pittsburgh is a market that flies under the radar but has fundamentals that actually make sense.
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What rental comps are, what makes a good one, and how to use them to price your rental property accurately.
Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
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