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1 Apartments under 500 for rent in Pottstown, PA

Last updated November 22 at 11:23am UTC
3 N. Washington St
North End
Pottstown, PA
Updated November 22 at 11:23am UTC
1 Bedroom
$475

December 2018 Pottstown Rent Report

Welcome to the December 2018 Pottstown Rent Report. Pottstown rents increased over the past month. In this report, we'll evaluate trends in the Pottstown rental market, including comparisons to cities throughout the metro, state, and nation.

View full Pottstown Rent Report
Rent Report
Pottstown

December 2018 Pottstown Rent Report

Welcome to the December 2018 Pottstown Rent Report. Pottstown rents increased over the past month. In this report, we'll evaluate trends in the Pottstown rental market, including comparisons to cities throughout the metro, state, and nation.

Pottstown rents increase sharply over the past month

Pottstown rents have increased 1.5% over the past month, and are up significantly by 4.5% in comparison to the same time last year. Currently, median rents in Pottstown stand at $820 for a one-bedroom apartment and $1,020 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in September. Pottstown's year-over-year rent growth leads the state and national averages, which both stand at 1.3%.

Rents rising across the Philadelphia Metro

Throughout the past year, rent increases have been occurring not just in the city of Pottstown, but across the entire metro. Of the largest 10 cities that we have data for in the Philadelphia metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Pottstown has the least expensive rents in the Philadelphia metro, with a two-bedroom median of $1,020; additionally, the city has seen rent growth of 1.5% over the past month, the fastest in the metro.
  • Over the past month, Norristown has seen the biggest rent drop in the metro, with a decline of 0.6%. Median two-bedrooms there cost $1,400, while one-bedrooms go for $1,160.
  • West Chester has the most expensive rents of the largest cities in the Philadelphia metro, with a two-bedroom median of $1,600; rents were up 0.2% over the past month and 3.9% over the past year.

Pottstown rents more affordable than many large cities nationwide

As rents have increased significantly in Pottstown, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Pottstown is still more affordable than most large cities across the country.

  • Rents increased slightly in other cities across the state, with Pennsylvania as a whole logging rent growth of 1.3% over the past year. For example, rents have grown by 1.3% in Pittsburgh.
  • Pottstown's median two-bedroom rent of $1,020 is below the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 4.5% rise in Pottstown.
  • While Pottstown's rents rose significantly over the past year, the city of Seattle saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Pottstown than most large cities. For example, San Francisco has a median 2BR rent of $3,100, which is more than three times the price in Pottstown.

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.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Philadelphia $970 $1,170 0.1% 1.3%
Camden $940 $1,140 0.2% 0.7%
Wilmington $1,050 $1,260 0.2% 3.4%
Levittown $1,210 $1,470 0.7% 0.1%
Norristown $1,160 $1,400 -0.6% 5.0%
Drexel Hill $900 $1,080 0.1% 0.5%
Pottstown $820 $1,020 1.5% 4.5%
King of Prussia $1,250 $1,510 -0.5% 3.0%
West Chester $1,320 $1,600 0.2% 3.9%
Lansdale $1,300 $1,570 -0.5% 6.2%
See more

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.