In the shadow of the 45-story Cathedral of Learning — the tallest educational building in the Western Hemisphere — Oakland is the “Med, Tech, and Ed” center of Pittsburgh. The University of Pittsburgh, Carlow University, and parts of Carnegie Mellon call the neighborhood home, as does the University of Pittsburgh Medical Center and much of the city’s booming tech sector. The Carnegie Complex, endowed by steel magnate Andrew Carnegie in the early 20th century, is a National Historic Landmark and contains several beloved Pittsburgh cultural institutions: The Carnegie Art Museum, The Carnegie Museum of Natural History, The Carnegie Music Hall, and the main branch of The Carnegie Library.
Oakland is definitely a student-dominated area, but it’s also not a monolith and is large enough to contain dozens of distinct neighborhoods, each with its own character and attitude. Readers of American fiction might recognize Oakland landmarks — like the beautiful Schenley Park — from Michael Chabon’s blockbuster novel The Mysteries of Pittsburgh, which is largely set in the neighborhood.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the May 2022 Pittsburgh Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2022 key findings and figures for the Pittsburgh rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Pittsburgh and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Pittsburgh average rent prices in the chart below.
Pittsburgh rent prices increased over the last month. From April to May, the city experienced a 3.78% increase for the price of a one-bedroom apartment. The rent price for a Pittsburgh one-bedroom apartments currently stands at $1,208.0.
When we take a look at the two-bedroom comparison from April to May, Pittsburgh experienced a 1.36% increase for the price of a two-bedroom apartment. The rent price for a Pittsburgh two-bedroom apartments currently stands at $1,345.0.
Rent prices have increased in Pittsburgh over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Pittsburgh suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Moon Township, PA, Cranberry Twp, PA, Monroeville, PA, Carnegie, PA, Upper St Clair, PA .
Rent decreased in Greensburg, PA, McKeesport, PA.
2 suburbs are currently priced higher than the city of Pittsburgh.
5 suburbs are currently priced lower than the city of Pittsburgh.
Rent growth in Pittsburgh over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Pittsburgh average rent prices appear to be relatively affordable for local residents.
The price for a Pittsburgh one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of Rentable's May 2022 National Apartment Report and data set here.
For more information about Pittsburgh and surrounding area rent prices, take a look at the complete data set below.
|1 BR May||1 BR M/M % Change||2 BR May||2 BR M/M % Change|
|Moon Township, PA||$1,163.0||0.09%||$1,472.0||-1.01%|
|Cranberry Twp, PA||$1,304.0||0.15%||$1,564.0||0.64%|
|Upper St Clair, PA||$1,241.0||0.16%||$1,999.0||-0.99%|
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.