119 Luxury Apartments for rent in Pittsburgh, PA

Last updated September 25 at 5:22AM
126 41st St
Central Lawrenceville
Pittsburgh, PA
Updated September 14 at 10:24PM
3 Bedrooms
$1,800
54 Barry St
Southside Slopes
Pittsburgh, PA
Updated September 14 at 10:24PM
3 Bedrooms
$2,200
5683 Forbes Ave
Squirrel Hill South
Pittsburgh, PA
Updated September 22 at 10:49AM
3 Bedrooms
$3,250
228 S Atlantic Ave
Bloomfield
Pittsburgh, PA
Updated September 24 at 1:44AM
3 Bedrooms
$1,800
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Rent Report
Pittsburgh

September 2017 Pittsburgh Rent Report

Welcome to the September 2017 Pittsburgh Rent Report. Pittsburgh rents declined over the past month. In this report, we'll evaluate trends in the Pittsburgh rental market, including comparisons to similar cities nationwide.

Pittsburgh rents declined slightly over the past month

Pittsburgh rents have declined 0.3% over the past month, but have increased moderately by 2.4% in comparison to the same time last year. Currently, median rents in Pittsburgh stand at $740 for a one-bedroom apartment and $920 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Pittsburgh's year-over-year rent growth leads the state average of 2.0%, but trails the national average of 3.0%.

Pittsburgh rents more affordable than many large cities nationwide

Rent growth in Pittsburgh has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Pittsburgh is still more affordable than most large cities across the country.

  • Pittsburgh's median two-bedroom rent of $920 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.4% increase in Pittsburgh.
  • While rents in Pittsburgh remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Pittsburgh than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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.