Pittsburgh, PA Rental Market
Pittsburgh has undergone one of the most celebrated urban transformations in American history — from a steel city in decline to a nationally recognized hub for technology, healthcare, and education. Carnegie Mellon University's robotics and AI programs attract global tech talent and spawn startups, while the University of Pittsburgh and the UPMC health system together employ over 90,000 people. Routinely awarded "most livable city" recognition, Pittsburgh offers investors an affordable entry point, rising rents, and a tenant base increasingly populated by young tech workers and healthcare professionals.
Get a rent estimate for an address in PittsburghAverage Rent in Pittsburgh, PA
$1,280
per month · 2026-06
Market Score
Key Facts — Pittsburgh, PA Rental Market
- Average rent in Pittsburgh, PA:$1,280/mo
- Median rent:$1,178/mo
- Rent range:$650 – $2,800/mo
- Most common rental (2 bedrooms):$1,125/mo
- Active listings:2,800
- Avg days to lease:29 days
- Year-over-year change:+3.5%
- Median home value:$225,000
- Est. gross annual yield:6.8%
- Data as of:2026-06
Rent by Bedroom in Pittsburgh, PA
Average monthly rent for each bedroom type based on current active listings in Pittsburgh.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $925/mo |
2 Bedrooms | $1,125/mo |
3 Bedrooms | $1,425/mo |
4 Bedrooms | $1,775/mo |
5 Bedrooms | $2,025/mo |
Pittsburgh Rental Market Statistics
Key indicators from the current Pittsburgh, PA rental market.
2,800
Available now in Pittsburgh
29
From list to lease
$0.98
Average across listings
1,300 sq ft
Typical rental size
$650 – $2,800
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Pittsburgh, PA Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$225,000
Typical purchase price in Pittsburgh
Est. Gross Annual Yield
6.8%
Before expenses & vacancy
Avg Monthly Income
$1,280
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 Pittsburgh for a full cash-flow breakdown including all costs.
Pittsburgh, PA Rental Market FAQ
Common questions about renting and investing in Pittsburgh, PA.
What is the average rent in Pittsburgh, PA?
The average rent in Pittsburgh, PA is $1,280 per month as of 2026. One-bedroom apartments average $925/mo, two-bedrooms average $1,125/mo, and three-bedroom homes average $1,425/mo. Shadyside, Squirrel Hill, and Lawrenceville command the highest rents; neighborhoods like Bloomfield and South Side Slopes offer strong value below the city average.
Is Pittsburgh, PA a good place to invest in rental property?
Pittsburgh offers a 6.8% estimated gross yield with a uniquely balanced tenant base: CMU and Pitt students, UPMC healthcare workers, and a growing cohort of tech professionals at Google, Uber ATG, Bosch, and dozens of AI startups. Low median home prices (around $225,000) provide affordable entry, and "most livable city" recognition continues attracting in-migration.
How has Pittsburgh's economy transformed, and what does that mean for renters?
Pittsburgh pivoted from steel manufacturing to healthcare, education, and technology over the past 30 years. UPMC is now Pennsylvania's largest private employer, Carnegie Mellon leads global robotics and AI research, and major tech companies (Google, Amazon, Apple, Uber) have opened significant Pittsburgh offices. This transformation has attracted high-income professionals who drive demand for quality rentals in neighborhoods like Shadyside, Lawrenceville, and the Strip District.
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