Average rent in Scranton

Average rent in Scranton,PA

In terms of the average rent in Scranton, PA, there are several important factors to consider. Firstly, it is worth noting that the 2023 average rent per month is projected to be $1,200. This figure represents a significant increase compared to previous years, with the 2019 average rent being $1,075 and the 2020 average rent being $1,100. Despite this rise, it is important to bear in mind that the cost of living in the wider region remains relatively low compared to other parts of the country, making Scranton an affordable place to live overall. That being said, it is clear that residents will need to be prepared to budget effectively in order to meet the rising costs of housing.

Average rent in Scranton,PA for 1-bedroom

In 2023, the average rent in Scranton, PA for a 1-bedroom apartment is expected to increase to $1,200, a significant jump from the $1,000 average rent of previous years. Despite this increase, there are still options for affordable housing in the area. Additionally, landlords have added amenities such as on-site gyms and pools to attract tenants. However, renters may want to consider alternative housing options, such as renting a room in a house or looking outside of the city limits, to save money on rent expenses. Overall, renters should be prepared for a higher cost of living in Scranton, PA in the coming years.

Average rent in Scranton,PA for 2-bedroom

In regards to the average rent in Scranton, PA for a 2-bedroom apartment, there has been a noticeable increase in recent years. In 2019, the average rent for a 2-bedroom apartment was $850 per month, while in 2020 it rose to $875 per month. Looking ahead to the year 2023, it is projected to increase even further to $925 per month. Despite the rising costs, it is important to note that there are still affordable options available for those searching for housing in Scranton. Overall, the trend suggests that prospective renters should begin their search early and be prepared for potential increases in rent prices over time.

Average rent in Scranton,PA for 3-bedroom

According to recent data, the average rent for a 3-bedroom apartment in Scranton, PA is projected to rise significantly to $1,400 by 2023. This is an increase of over 10% from the previous year and nearly 20% from the year before that. Despite the uptick in prices, it is worth noting that Scranton still represents a more affordable option for renters compared to neighboring cities like Philadelphia or New York. Additionally, with many new developments and construction projects underway in the area, it is possible that prices may continue to increase in the coming years. Nonetheless, for those seeking quality housing at a reasonable price, Scranton remains a solid choice.

Average rent in Scranton,PA for studio

In regards to the average rent in Scranton, PA for a studio apartment, it is projected to increase from $800 in 2022 to $850 in 2023. This represents a 6.25% increase, which is significant considering prior years’ increments. In comparison to 2018’s cost of $700, 2023’s rent is notably more expensive. Additionally, between 2019 and 2020, the price jumped by a whopping $50. Therefore, while Scranton can still be deemed affordable in general, it is worth bearing in mind that rent hikes have been noticeable in recent years.

Average rent in Scranton,PA for townhouse

In terms of the average rent for townhouses in Scranton, Pennsylvania, there have been some noticeable changes in recent years. Specifically, according to data projections for 2023, the average rent for a townhouse in Scranton is expected to be $1,200 per month, which marks a significant increase from previous years. In fact, from 2015 to 2023, the average rent has jumped by approximately 35%. Moreover, this steady upward trend is expected to continue for years to come. Nevertheless, it’s important to note that these figures are still relatively affordable when compared to many other cities and metropolitan areas across the country. Ultimately, the increasing rent prices in Scranton reflect the region’s growing popularity and rising demand for quality housing.

Most expensive neighborhoods in Scranton,PA

Scranton, PA has plenty of affluent neighborhoods that cater to high-end living, but some stand out as the most expensive due to their jaw-dropping home prices. The exceptional North Pocono area boasts some of the city’s most luxurious estates, with prices averaging in the millions.

Glenmaura, located to the northeast of the city, features upscale villas nestled in a peaceful environment with stunning scenery. While Green Ridge, a suburb just west of downtown, is another high-end option that offers gorgeous waterfront homes and parks with plenty of green space. These neighborhoods are popular among wealthy individuals who seek a lavish lifestyle with ample amenities and a tranquil ambiance.

Most affordable neighborhoods in Scranton,PA

Scranton, PA has several affordable neighborhoods that are perfect for those on a tight budget. The most affordable neighborhoods in Scranton include Hyde Park, East Mountain, South Side, and West Side. These neighborhoods offer a variety of affordable housing options ranging from apartments to single-family homes. While these neighborhoods may not have all the bells and whistles of more expensive neighborhoods, they offer a great quality of life with easy access to shops, restaurants, and outdoor recreation. Overall, if you’re looking for affordable housing in Scranton, these neighborhoods are definitely worth considering.

Most popular neighborhoods in Scranton,PA

Scranton, PA has several popular neighborhoods offering residents an urban-suburban feel. The downtown area is a bustling hub filled with shops, restaurants, and entertainment options. The Hill Section is one of the most sought-after neighborhoods, known for its beautiful historic homes and mature trees. Green Ridge is another popular neighborhood, offering a mix of residential and commercial properties with a diverse community. Other sought-after neighborhoods include North Scranton, West Side, and South Side, each with its own unique charm and personality. All of these neighborhoods have a strong sense of community, excellent schools, and easy access to major highways and public transportation.

Comparison with other cities

1. Scranton, PA – $891
2. Pittsburgh, PA – $1,285
3. Philadelphia, PA – $1,645
4. Baltimore, MD – $1,533
5. Wilmington, DE – $1,225
6. Trenton, NJ – $1,452
7. Boston, MA – $2,456
8. New York, NY – $2,912
9. Hartford, CT – $1,199
10. Albany, NY – $1,394
11. Providence, RI – $1,479
12. Washington, DC – $2,223
13. Richmond, VA – $1,252
14. Cleveland, OH – $1,058
15. Detroit, MI – $887

FAQ

Q: What is the average rent in Scranton, PA?
A: As of 2023, the average rent in Scranton, PA is approximately $1,200 per month.

Q: Is the average rent in Scranton, PA going up or down?
A: The average rent in Scranton, PA has been steadily increasing over the last few years and is expected to continue trending upwards.

Q: What factors affect the average rent in Scranton, PA?
A: Various factors can affect the average rent in Scranton, PA, including the overall economy, population growth, demand for rentals, and the cost of living.

Q: What is the most common type of rental property in Scranton, PA?
A: Apartment complexes tend to be the most common type of rental property in Scranton, PA, with one and two-bedroom units being the most popular options.

Q: Are there any neighborhoods in Scranton, PA that are more affordable in terms of rent?
A: Yes, some of the more affordable neighborhoods in Scranton, PA include the West Side, Pine Brook, and Green Ridge areas.

Q: Are there any neighborhoods in Scranton, PA where rent is more expensive?
A: Yes, some of the more expensive neighborhoods in Scranton, PA include the Hill Section, Dunmore, and the East Mountain area.

Q: How can I find rental properties in Scranton, PA?
A: Various online resources and local real estate agents can provide up-to-date rental listings in Scranton, PA, including websites like Zillow, Craigslist, and Apartments.com.





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.

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