Average Rent in Lower Merion, PA

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Current Versus Historical Lower Merion, PA Rents

Lower Merion rentals average $1,825 for a 1-bedroom rental to $5,500 for a 4-bedroom rental. The median price of all currently available listings is $2,700, or roughly $29 per square feet.

For the apartment units and housing in July 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $745 (-35.14%) year-over-year from $2,120 to $1,375. 1-bedroom rentals prices have decreased by $705 (-27.87%) year-over-year from $2,530 to $1,825. 2-bedroom rentals prices have decreased by $3,095 (-54.92%) year-over-year from $5,635 to $2,540. 3-bedroom rentals prices have decreased by $296 (-6.97%) year-over-year from $4,243 to $3,948. 4-bedroom rentals prices have increased by $858 (17.11%) year-over-year from $5,017 to $5,875. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 0.92% this month. 2-bedroom rents have gone up by 4.38% this month. 3-bedroom rents have gone up by 12.54% this month. 4-bedroom rents have gone up by 9.64% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$29.67	$1,825	$2,530 (-27.87%)	$2,530 (-27.87%)
2 BR	$28.44	$2,540	$5,635 (-54.92%)	$5,635 (-54.92%)
3 BR	$27.01	$3,948	$4,243 (-6.97%)	$3,350 (17.84%)
4+ BR	$26.72	$5,875	$5,017 (17.11%)	$4,167 (41.00%)

Historical Rents in Lower Merion, PA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lower Merion

There are a total of 2 cities nearby Lower Merion. The average rent in Lower Merion is currently $2,006 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Philadelphia, PA, with an average rent of $1,800, is the most affordable city nearby. In contrast, the most expensive city near Lower Merion, PA is Phoenixville, PA. Monthly rents here are on average $2,213 per month.

Let's compare Lower Merion, PA's rent against other top cities nearby by bedroom size. One bedrooms are about 0.45% more affordable. Two bedrooms in Lower Merion, PA are about 15.30% more expensive. Finally, rent for three bedrooms are about 36.83% more expensive. Want more information? Check out the top 2 cities near Lower Merion, PA in the following table.

City	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,398	$1,718	$1,875	$1,800
Phoenixville, PA	$395	$1,949	$2,513	$2,213

Top Neighborhoods Near Lower Merion

There are a total of 38 neighborhoods in or near Lower Merion. Some of these neighborhoods include Logan - Ogontz - Fern Rock, Germantown, and Spruce Hill. We've included the top 30 neighborhoods out of 38 total neighborhoods in or near Lower Merion, PA in the following table.

The average rent for these 30 neighborhoods in or near Lower Merion, PA is currently around $1,825 per month. A total of 38 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Lower Merion's average rent, which is actually $2,700. Out of all the neighborhoods in or near Lower Merion, Frankford has the most affordable average rent at $1,000 per month. Whereas, at $2,620 average rent per month, Fitler Square is the most expensive neighborhood in or near Lower Merion. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Logan - Ogontz - Fern Rock, Philadelphia, PA	$900	$1,100	$1,300	$1,400
Germantown, Philadelphia, PA	$1,193	$1,431	$1,795	$1,450
Spruce Hill, Philadelphia, PA	$1,215	$1,400	$1,960	$1,465
Kingsessing, Philadelphia, PA	$900	$1,050	$1,699	$1,475
East Germantown, Philadelphia, PA	$1,050	$1,300	$1,500	$1,498
Cobbs Creek, Philadelphia, PA	$850	$1,250	$1,350	$1,500
West Powelton, Philadelphia, PA	$888	$1,365	$1,525	$1,550
Port Richmond, Philadelphia, PA	$995	$1,438	$1,575	$1,587
North Philadelphia West, Philadelphia, PA	$1,200	$1,275	$1,497	$1,597
Allegheny West, Philadelphia, PA	N/A	$1,602	$2,050	$1,670
Avenue of the Arts North, Philadelphia, PA	$1,425	$1,660	$2,150	$1,690
North Philadelphia East, Philadelphia, PA	$1,300	$1,746	$1,675	$1,750
Kensington, Philadelphia, PA	$1,169	$1,700	$1,987	$1,800
Roxborough, Philadelphia, PA	$1,700	$1,685	$1,953	$1,800
Point Breeze, Philadelphia, PA	$1,199	$1,416	$1,825	$1,895
Northern Liberties - Fishtown, Philadelphia, PA	$1,425	$1,795	$2,383	$1,995
Mantua, Philadelphia, PA	$1,023	$1,395	$1,595	$1,995
Washington Square West, Philadelphia, PA	$1,545	$1,975	$2,800	$2,000
West Mount Airy, Philadelphia, PA	$1,395	$1,673	$2,154	$2,029
Fairmount - Art Museum, Philadelphia, PA	$1,522	$1,989	$2,300	$2,047
Manayunk, Philadelphia, PA	$1,263	$1,450	$2,025	$2,050
Avenue of the Arts South, Philadelphia, PA	$1,313	$2,042	$2,950	$2,064
Rittenhouse Square, Philadelphia, PA	$1,672	$2,150	$3,095	$2,179
Center City East, Philadelphia, PA	$1,413	$2,100	$2,898	$2,179
Graduate Hospital, Philadelphia, PA	$1,279	$1,637	$2,375	$2,200
Center City West, Philadelphia, PA	$1,609	$2,245	$3,105	$2,235
University City, Philadelphia, PA	$1,367	$2,344	$3,280	$2,336
Bella Vista - Southwark, Philadelphia, PA	$1,100	$1,627	$2,400	$2,395
Logan Square, Philadelphia, PA	$1,787	$2,565	$3,874	$2,548
Fitler Square, Philadelphia, PA	$1,600	$2,667	$2,850	$2,620

Top Counties Near Lower Merion

There are a total of 5 counties located by Lower Merion, PA. Some of these counties include Upper Darby, PA, Philadelphia, PA, and Phoenixville, PA. The average rent for rentals in these counties is $2,213. That's roughly around $26 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Upper Darby, PA. Its average rent per month is $1,600. Vice versa, with an average rent of $2,550, Tredyffrin, PA is the most expensive county by Lower Merion, PA.

In comparison, rent for one bedroom listings in Lower Merion, PA is 2.74% more expensive than other counties nearby. Finally, rent for two bedrooms in Lower Merion, PA is 11.20% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Upper Darby, PA	$1,500	$1,300	$1,448	$1,600
Philadelphia, PA	$1,398	$1,718	$1,875	$1,800
Phoenixville, PA	$395	$1,949	$2,513	$2,213
Radnor, PA	N/A	$1,995	$2,450	$2,540
Tredyffrin, PA	$325	$1,775	$2,300	$2,550

Top Zipcodes Near Lower Merion

There are a total of 25 zipcodes in or near Lower Merion, PA. The average rent for all of these zipcodes is $1,700. A total of 25 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19124, Philadelphia, PA at $1,175 per month. In comparison, the zipcode with the most expensive average rent of $2,510 per month is 19087, Tredyffrin, PA.

Studios in these zipcodes have an average rent of $1,185. That's at least $31 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Lower Merion, PA is $1,500 per month. Or in other words, $27 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,900 per month. Which comes out to $23 per sqft. The following table includes the top 10 zipcodes in Lower Merion, PA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
19103, Philadelphia, PA	$1,762	$2,425	$3,748	$2,403
19104, Philadelphia, PA	$1,345	$1,469	$1,800	$1,675
19130, Philadelphia, PA	$1,512	$1,895	$2,250	$1,950
19123, Philadelphia, PA	$1,485	$2,025	$2,583	$2,100
19121, Philadelphia, PA	$1,175	$1,275	$1,500	$1,675
19146, Philadelphia, PA	$1,270	$1,500	$2,023	$1,960
19128, Philadelphia, PA	$1,513	$1,650	$1,950	$1,850
19107, Philadelphia, PA	$1,250	$2,100	$2,895	$2,180
19144, Philadelphia, PA	$1,185	$1,400	$1,688	$1,480
19122, Philadelphia, PA	$1,281	$1,495	$1,895	$1,800

Frequently Asked Questions - Lower Merion Average Rents

What is the average rent price in Lower Merion, PA?

The average monthly rental price for Lower Merion, PA apartments for rent is approximately $2,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Lower Merion, PA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Lower Merion, PA.

How much is a one bedroom apartment in Lower Merion, PA?

The average monthly rental price for one bedroom apartments is $1,825 and an average price per square feet of $29.67. There are a total of 49 one bedroom apartment listings currently available for rent in Lower Merion.

How much is a two bedroom apartment in Lower Merion, PA?

The average monthly rental price for two bedroom apartments is $2,590 and an average price per square feet of $28.44. There are a total of 56 two bedroom apartment listings currently available for rent in Lower Merion.

How have rent prices in Lower Merion, PA changed this year?

Rent prices for rentals in Lower Merion, PA can fluctuate yearly. Specifically, studio rental prices have changed by -0.35%, one bedroom rental prices have changed by -0.28%, two bedroom rental prices have changed by -0.55%, three bedroom rental prices have changed by -0.07% year-over-year.

What is a reasonable rent price in Lower Merion, PA?

A reasonable rent price in Lower Merion, PA is around $2,160/month. You can search for these reasonably priced rental listings on RentHop.