Allentown, PA Rental Market
Allentown is the largest city in the Lehigh Valley and the third-largest in Pennsylvania. The Lehigh Valley has emerged as one of the most important logistics and e-commerce fulfillment corridors in the country — Amazon, FedEx, and dozens of 3PL operators have built massive warehouse campuses along I-78 and Route 22, creating tens of thousands of jobs. Proximity to both New York City and Philadelphia (roughly 90 minutes to each) makes the Lehigh Valley an attractive rental market for workers priced out of both major metros, supporting steady rent growth well above Pennsylvania averages.
Get a rent estimate for an address in AllentownAverage Rent in Allentown, PA
$1,180
per month · 2026-06
Market Score
Key Facts — Allentown, PA Rental Market
- Average rent in Allentown, PA:$1,180/mo
- Median rent:$1,086/mo
- Rent range:$600 – $2,600/mo
- Most common rental (2 bedrooms):$1,050/mo
- Active listings:820
- Avg days to lease:31 days
- Year-over-year change:+3.2%
- Median home value:$215,000
- Est. gross annual yield:6.6%
- Data as of:2026-06
Rent by Bedroom in Allentown, PA
Average monthly rent for each bedroom type based on current active listings in Allentown.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $850/mo |
2 Bedrooms | $1,050/mo |
3 Bedrooms | $1,325/mo |
4 Bedrooms | $1,625/mo |
5 Bedrooms | $1,875/mo |
Allentown Rental Market Statistics
Key indicators from the current Allentown, PA rental market.
820
Available now in Allentown
31
From list to lease
$0.91
Average across listings
1,300 sq ft
Typical rental size
$600 – $2,600
Min to max active listings
+3.2%
Avg rent vs. prior year
Investing in Allentown, PA Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$215,000
Typical purchase price in Allentown
Est. Gross Annual Yield
6.6%
Before expenses & vacancy
Avg Monthly Income
$1,180
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Allentown for a full cash-flow breakdown including all costs.
Allentown, PA Rental Market FAQ
Common questions about renting and investing in Allentown, PA.
What is the average rent in Allentown, PA?
The average rent in Allentown, PA is $1,180 per month as of 2026. One-bedroom units average $850/mo, two-bedrooms average $1,050/mo, and three-bedroom homes average $1,325/mo. Allentown offers substantially lower rents than comparable markets in the NYC or Philadelphia metro areas, despite its proximity to both.
Is Allentown, PA a good place to invest in rental property?
Allentown offers a 6.6% estimated gross yield with growing rental demand from Lehigh Valley logistics workers, healthcare employees at Lehigh Valley Health Network and St. Luke's, and New York/Philadelphia workers seeking affordable housing within commuting distance. Amazon's major presence in the Lehigh Valley logistics corridor provides durable employment demand.
How does Allentown's proximity to NYC and Philadelphia affect its rental market?
Allentown is approximately 90 minutes from Midtown Manhattan and 60 minutes from Center City Philadelphia. As remote and hybrid work have expanded, a growing number of professionals commute to these cities one to three days per week while renting in Allentown at dramatically lower costs. This spillover demand has supported above-average rent growth in the Lehigh Valley compared to other Pennsylvania mid-size cities.
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