Apartment Rents in Pittsburgh Trail U.S. Average

Pittsburgh is the only major apartment market in the Northeast region with asking rents below the U.S. average. As of January, effective asking prices in Pittsburgh were $1,555, about 14.5% below the U.S. average of $1,818, according to data from RealPage Market Analytics. This is not a new development, as Pittsburgh tends to command rental rates behind the U.S norm. In the past decade, Pittsburgh rents have been, on average, about 16% below national rates. The other four large Northeast apartment markets ranked ahead of national norms for rents in January, with most – New York, Boston and Newark – placing among the top 10 for prices. Philadelphia rents ran approximately in line with the national norm as of January, as is typical. Meanwhile, Pitsburgh rents came in closer to prices in South region markets like Atlanta and Charlotte. To be fair, Pittsburgh is the smallest of the major Northeast markets, with just over 150,000 units of existing apartment stock. That’s quite a bit smaller than in Philadelphia (422,800 units) and Boston (432,200 units), which are the next-biggest markets.

For more information on the state of markets in the Northeast region, including forecasts, watch the webcast: Market Intelligence: Q1 2025 Northeast Region.