Average rent in Allentown

Average rent in Allentown

Average rent in Allentown,PA

Over the years, the average rent in Allentown, PA has experienced some noticeable changes. In 2019, the average monthly rent was $1166. However, this increased to $1207 in 2020, representing a 3.5% rise. Looking ahead, projections suggest that the average monthly rent in 2023 will be $1250. While this might seem like a small increase from 2020, it represents an overall 7.4% rise in rent costs over a four-year period. Despite these increases, Allentown remains an affordable place to call home in comparison to other cities in Pennsylvania.

Average rent in Allentown,PA for 1-bedroom

In comparison to previous years, the average rent in Allentown, PA for a 1-bedroom apartment is projected to increase to $1,350 in 2023. This marks a significant rise from the average rent of $1,200 in 2022. However, the increase is not unprecedented, as the average rent has steadily risen over the past five years. In 2018, the average rent was $1,050, which climbed to $1,150 in 2019, then $1,250 in 2020 before reaching $1,200 in 2022. Despite the steady rise in rent, Allentown remains a popular area for young professionals due to its growing economy and vibrant culture.

Average rent in Allentown,PA for 2-bedroom

In 2023, the average rent in Allentown, PA for a 2-bedroom apartment is projected to be $1,700. This represents a significant increase from the average rent in 2022, which was $1,500. Over the past five years, there has been a steady increase in rental prices in Allentown, with the average rent for a 2-bedroom apartment rising by approximately 15% since 2018. Despite this trend, Allentown remains a relatively affordable option for renters compared to nearby cities like Philadelphia and New York City. Moreover, the city’s robust economy and abundance of attractions make Allentown an attractive choice for those seeking a comfortable, affordable lifestyle.

Average rent in Allentown,PA for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Allentown, PA is projected to be $1,350 per month. This represents a 7% increase from the previous year, which had an average rent of $1,260 per month. Similarly, in 2021, the average rent for a 3-bedroom apartment in Allentown was $1,170 per month, indicating a 15% increase over the course of two years. Despite these increases, Allentown remains a relatively affordable city compared to other metropolitan areas in Pennsylvania. In conclusion, as the cost of living continues to rise in Allentown, it is important for renters to budget and plan accordingly when searching for a 3-bedroom rental property.

Average rent in Allentown,PA for studio

In 2023, the average rent in Allentown, PA for a studio has significantly increased compared to the previous year. In fact, on average, renters can now expect to pay almost $100 more each month for a studio apartment. However, when compared to rents from a few years ago, the increase appears to be part of an upward trend. In 2021, the average rent for a studio was $950, which then increased to $1,040 in 2022, and now to $1,135 in 2023. Despite the rising costs, there are still many affordable options for those looking to rent in Allentown, PA.

Average rent in Allentown,PA for townhouse

The average rent in Allentown, PA for a townhouse is projected to continue increasing in 2023. According to recent data, the average rent will be $1,432 for a townhouse in Allentown, a 3.5% increase from the previous year. This trend in rent prices has been consistent for the past few years. In 2021, the average rent for a townhouse was $1,385, a 4.8% increase from 2020. Similarly, in 2022, the average rent was $1,397, a 0.9% increase from the previous year. With these upward trends, it is important for those looking to rent in Allentown to consider these factors before making a decision.

Most expensive neighborhoods in Allentown,PA

Allentown, PA has several upscale neighborhoods known for their luxurious properties, outstanding amenities, and beautiful surroundings. The most expensive neighborhoods in Allentown include Salisbury Township, Upper Saucon Township, and Lower Macungie Township. These neighborhoods offer a range of housing options, from extravagant mansions to spacious villas and condos. Residents of these neighborhoods enjoy easy access to top-rated schools, high-end shopping and dining, upscale recreational facilities, and beautiful parks. With their serene surroundings, luxurious homes, and excellent amenities, these neighborhoods offer an exceptional quality of life for the most discerning residents of Allentown.

Most affordable neighborhoods in Allentown,PA

Allentown, PA has a variety of affordable neighborhoods that make it an excellent place to settle down. Some of the best areas in terms of affordability include Jordan Heights, West End, and Midway Manor. These areas offer a low cost of living, decent housing options, good schools, and an overall peaceful environment. Additionally, they are close to transportation and various amenities like restaurants, parks, and shopping centers, making them ideal for families and young professionals. Whether you are looking to buy or rent, these neighborhoods will offer you straightforward access to all that Allentown has to offer without breaking the bank.

Most popular neighborhoods in Allentown,PA

Allentown, PA is home to several popular neighborhoods that offer diverse and unique lifestyles for its residents. One of the most sought-after neighborhoods is West End, known for its beautiful architecture, historic homes, and charming streets. Another popular neighborhood is Cedar Crest, located close to prestigious colleges and hospitals, making it an ideal location for students and professionals alike. The suburban neighborhood of Upper Macungie is also a favorite among families for its excellent schools, safe and friendly environment, and easy access to shopping centers and parks. Overall, Allentown offers a variety of attractive neighborhoods that cater to different interests and preferences.

Comparison with other cities

1. New York City, NY – $3,511
2. San Francisco, CA – $3,443
3. Boston, MA – $3,208
4. Washington, DC – $2,234
5. Seattle, WA – $2,134
6. Denver, CO – $1,650
7. Austin, TX – $1,630
8. Portland, OR – $1,605
9. Nashville, TN – $1,584
10. Charlotte, NC – $1,487
11. Indianapolis, IN – $1,282
12. Columbus, OH – $1,192
13. Louisville, KY – $1,143
14. Fort Wayne, IN – $962
15. Erie, PA – $861

FAQ

Q: What is the average rent in Allentown, PA in 2023?
A: According to the latest data from 2023, the average rent in Allentown, PA is $1,200 per month for a one-bedroom apartment.

Q: How does the average rent in Allentown compare to neighboring cities?
A: Compared to neighboring cities in Pennsylvania, Allentown has a relatively affordable average rent. For example, the average rent in Bethlehem is $1,500 per month for a one-bedroom apartment, while in Easton it is $1,400 per month.

Q: Are there any neighborhoods in Allentown that have higher or lower rent prices than the average?
A: Yes, the neighborhood you choose to live in can have a big impact on the rent prices you will pay. For example, in the downtown area of Allentown, the average rent for a one-bedroom apartment is $1,500 per month. In contrast, the average rent in the West End of Allentown is $1,000 per month.

Q: What factors influence the cost of rent in Allentown?
A: Several factors can influence the cost of rent in Allentown, including the location, size, and condition of the apartment. Other factors include supply and demand, market trends, and the local economy.

Q: Is the cost of living in Allentown generally affordable?
A: Overall, the cost of living in Allentown is considered to be relatively affordable compared to other cities in Pennsylvania. Additionally, the city offers a high quality of life, with a range of amenities and attractions for residents to enjoy.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

Also Reading

What is the average rent in Mesa?
What is the average rent in Kihei?
Norwalk average rent

Spread the love