Average Rent in Allentown, PA

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Current Versus Historical Allentown, PA Rents

Allentown rentals average $1,650 for a studio rental to $1,825 for a 4-bedroom rental. The median price of all currently available listings is $1,500, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $393 (43.25%) year-over-year from $908 to $1,300. 1-bedroom rentals prices have increased by $113 (10.34%) year-over-year from $1,088 to $1,200. 2-bedroom rentals prices have increased by $190 (14.50%) year-over-year from $1,310 to $1,500. 3-bedroom rentals prices have increased by $298 (17.58%) year-over-year from $1,697 to $1,995. 4-bedroom rentals prices have increased by $118 (6.88%) year-over-year from $1,708 to $1,825. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.95% this month. 1-bedroom rents have gone up by 4.73% this month. 2-bedroom rents have gone up by 8.56% this month. 3-bedroom rents have gone down by 2.52% this month. 4-bedroom rents have gone down by 6.01% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.05	$1,300	$908 (43.25%)	$752 (72.95%)
1 BR	$1.68	$1,200	$1,088 (10.34%)	$961 (24.89%)
2 BR	$1.52	$1,500	$1,310 (14.50%)	$1,208 (24.14%)
3 BR	$1.37	$1,995	$1,697 (17.58%)	$1,466 (36.10%)
4+ BR	$1.32	$1,825	$1,708 (6.88%)	$1,489 (22.55%)

Historical Rents in Allentown, PA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Allentown

There are a total of 1 cities nearby Allentown. The average rent in Allentown is currently $1,800 per month. Our records show that Bethlehem, PA, with an average rent of $1,800, is the most affordable city nearby. In contrast, the most expensive city near Allentown, PA is Bethlehem, PA. Monthly rents here are on average $1,800 per month.

Let's compare Allentown, PA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Allentown, PA is 6.39% more expensive than other cities nearby. One bedrooms are about 25.53% more affordable. Two bedrooms in Allentown, PA are about 26.25% more affordable. Finally, rent for three bedrooms are about 9.09% more affordable. Want more information? Check out the top 1 cities near Allentown, PA in the following chart.

City	Studio	1 Bed	2 Bed	All
Bethlehem, PA	$1,545	$1,475	$1,888	$1,800

Top Neighborhoods Near Allentown

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Allentown

The average rent for rentals in these counties is $1,648. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Allentown, PA. It's average rent per month is $1,500. Vice versa, with an average rent of $1,795, Bethlehem, PA is the most expensive county by Allentown, PA.

Typically, rent for studios in Allentown, PA is 50.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Allentown, PA is 12.77% more affordable than other counties nearby. Finally, rent for two bedrooms in Allentown, PA is 12.88% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Allentown, PA	$1,650	$1,175	$1,495	$1,500
Bethlehem, PA	N/A	$1,475	$1,880	$1,795

Top Zipcodes Near Allentown

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Allentown Average Rents

What is the average rent price in Allentown, PA?

The average monthly rental price for Allentown, PA apartments for rent is approximately $1,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Allentown, PA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Allentown, PA.

How much is a studio apartment in Allentown, PA?

The average monthly rental price for studio apartments is $1,650 and an average price per square feet of $2.05. There are a total of 2 studio apartment listings currently available for rent in Allentown.

How much is a one bedroom apartment in Allentown, PA?

The average monthly rental price for one bedroom apartments is $1,175 and an average price per square feet of $1.68. There are a total of 42 one bedroom apartment listings currently available for rent in Allentown.

How much is a two bedroom apartment in Allentown, PA?

The average monthly rental price for two bedroom apartments is $1,495 and an average price per square feet of $1.52. There are a total of 19 two bedroom apartment listings currently available for rent in Allentown.

How have rent prices in Allentown, PA changed this year?

Rent prices for rentals in Allentown, PA can fluctuate yearly. Specifically, studio rental prices have changed by 0.43%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by 0.18% year-over-year.

What is a reasonable rent price in Allentown, PA?

A reasonable rent price in Allentown, PA is around $1,200/month. You can search for these reasonably priced rental listings on RentHop.