7 Apartments under 500 for rent in Pittsburgh, PA

Last updated May 23 at 2:07am UTC
112 Marylea Ave
Brentwood
Pittsburgh, PA
Updated May 23 at 2:07am UTC
1 Bedroom
$495
509 Minton St.
Sheraden
Pittsburgh, PA
Updated May 16 at 11:53am UTC
Studio
$100
Results within 5 miles of Pittsburgh, PA
219 North Ave
East Pittsburgh
East Pittsburgh, PA
Updated May 18 at 5:47pm UTC
1 Bedroom
$495
1366 4th Ave
New Kensington
New Kensington, PA
Updated May 20 at 10:53am UTC
1 Bedroom
$495
Results within 10 miles of Pittsburgh, PA
4085 Old Route 8
Allison Park
Allison Park, PA
Updated April 26 at 9:28am UTC
1 Bedroom
$475
544 PITTSBURGH
Springdale
Springdale, PA
Updated April 7 at 5:29am UTC
1 Bedroom
$475
2400 Lebanon Church Rd
West Mifflin
West Mifflin, PA
Updated May 14 at 5:54pm UTC
Studio
$250
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May 2018 Pittsburgh Rent Report

Welcome to the May 2018 Pittsburgh Rent Report. Pittsburgh rents increased over the past month. In this report, we'll evaluate trends in the Pittsburgh rental market, including comparisons to similar cities nationwide.

View full Pittsburgh Rent Report
Rent Report
Pittsburgh

May 2018 Pittsburgh Rent Report

Welcome to the May 2018 Pittsburgh Rent Report. Pittsburgh rents increased over the past month. In this report, we'll evaluate trends in the Pittsburgh rental market, including comparisons to similar cities nationwide.

Pittsburgh rents increased significantly over the past month

Pittsburgh rents have increased 0.5% over the past month, but are down moderately by 1.8% in comparison to the same time last year. Currently, median rents in Pittsburgh stand at $730 for a one-bedroom apartment and $910 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in February. Pittsburgh's year-over-year rent growth lags the state average of 1.3%, as well as the national average of 1.5%.

Pittsburgh rents more affordable than many large cities nationwide

As rents have fallen moderately in Pittsburgh, many large cities nationwide have seen prices increase, in some cases substantially. Pittsburgh is also more affordable than most large cities across the country.

  • Pittsburgh's median two-bedroom rent of $910 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.8% decline in Pittsburgh.
  • While rents in Pittsburgh fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Denver (+1.6%).
  • Renters will find more reasonable prices in Pittsburgh than most large cities. For example, San Francisco has a median 2BR rent of $3,060, which is more than three times the price in Pittsburgh.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.