Scranton, PA Rental Market
Scranton is the largest city in Northeast Pennsylvania and the cultural center of the Lackawanna Valley. Made famous by "The Office," Scranton has seen modest revival through healthcare (Geisinger Community Medical Center, Regional Hospital of Scranton), higher education (University of Scranton, Marywood University, Lackawanna College), and a growing remote-worker influx from the New York metro — only about 2 hours away via I-84. Very low home values make Scranton one of the highest-yield markets in Pennsylvania, though modest population trends mean rent growth is steady rather than dynamic.
Get a rent estimate for an address in ScrantonAverage Rent in Scranton, PA
$980
per month · 2026-06
Market Score
Key Facts — Scranton, PA Rental Market
- Average rent in Scranton, PA:$980/mo
- Median rent:$902/mo
- Rent range:$500 – $2,150/mo
- Most common rental (2 bedrooms):$850/mo
- Active listings:420
- Avg days to lease:37 days
- Year-over-year change:+2.5%
- Median home value:$155,000
- Est. gross annual yield:7.6%
- Data as of:2026-06
Rent by Bedroom in Scranton, PA
Average monthly rent for each bedroom type based on current active listings in Scranton.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $850/mo |
3 Bedrooms | $1,100/mo |
4 Bedrooms | $1,350/mo |
5 Bedrooms | $1,550/mo |
Scranton Rental Market Statistics
Key indicators from the current Scranton, PA rental market.
420
Available now in Scranton
37
From list to lease
$0.78
Average across listings
1,250 sq ft
Typical rental size
$500 – $2,150
Min to max active listings
+2.5%
Avg rent vs. prior year
Investing in Scranton, PA Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$155,000
Typical purchase price in Scranton
Est. Gross Annual Yield
7.6%
Before expenses & vacancy
Avg Monthly Income
$980
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 Scranton for a full cash-flow breakdown including all costs.
Scranton, PA Rental Market FAQ
Common questions about renting and investing in Scranton, PA.
What is the average rent in Scranton, PA?
The average rent in Scranton, PA is $980 per month as of 2026. One-bedroom units average $700/mo, two-bedrooms average $850/mo, and three-bedroom homes average $1,100/mo. Scranton is one of the most affordable rental markets in the Northeast, offering a very low cost of living relative to nearby New York City.
Is Scranton, PA a good place to invest in rental property?
Scranton offers a 7.6% estimated gross yield with a low median home value near $155,000. The market is best suited for cash-flow-focused investors. Geisinger and Regional Hospital of Scranton provide a stable healthcare-worker tenant pool, and the University of Scranton adds consistent student demand. Rent growth is modest (2.5% YoY) but steady.
Are remote workers from New York City affecting the Scranton rental market?
Yes — Scranton's proximity to the New York metro (roughly 2 hours via I-84 or I-80) has attracted a growing wave of remote workers and retirees from the NYC suburbs seeking dramatically lower housing costs while maintaining occasional city access. This trend has provided incremental demand that supports prices above what local employment alone would sustain.
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