Welcome to the April 2024 Wilkes-Barre Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Wilkes-Barre rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Wilkes-Barre 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 Wilkes-Barre average rent prices in the chart below.
Wilkes-Barre rent prices increased over the last month. From March to April, the city experienced a 0.07% increase for the price of a one-bedroom apartment. The rent price for a Wilkes-Barre one-bedroom apartments currently stands at $1,503.0.
When we take a look at the two-bedroom comparison from March to April, Wilkes-Barre experienced a -2.44% decrease for the price of a two-bedroom apartment. The rent price for a Wilkes-Barre two-bedroom apartments currently stands at $1,679.0.
Rent prices have increased in Wilkes-Barre over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Wilkes-Barre suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Wilkes-Barre suburbs
Rents did not decrease in any of the Wilkes-Barre suburbs.
Rent growth in Wilkes-Barre 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, Wilkes-Barre average rent prices appear to be relatively affordable for local residents.
The price for a Wilkes-Barre 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.
For more information about Wilkes-Barre and surrounding area rent prices, take a look at the complete data set below.
1 BR April | 1 BR M/M % Change | 2 BR April | 2 BR M/M % Change |
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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.