Average Rent in Lower Merion, PA

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Current Versus Historical Lower Merion, PA Rents

Lower Merion rentals average $1,450 for a studio rental to $4,400 for a 4-bedroom rental. The median price of all currently available listings is $2,549, or roughly $27 per square feet.

For the apartment units and housing in October 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $670 (-31.60%) year-over-year from $2,120 to $1,450. 1-bedroom rentals prices have decreased by $708 (-27.89%) year-over-year from $2,538 to $1,830. 2-bedroom rentals prices have decreased by $3,135 (-55.63%) year-over-year from $5,635 to $2,500. 3-bedroom rentals prices have decreased by $1,737 (-37.55%) year-over-year from $4,627 to $2,890. 4-bedroom rentals prices have decreased by $217 (-4.04%) year-over-year from $5,367 to $5,150. 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 up by 3.57% this month. 1-bedroom rents have gone up by 6.71% this month. 2-bedroom rents have gone up by 10.54% this month. 3-bedroom rents have gone down by 3.02% this month. 4-bedroom rents have gone up by 15.30% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$27.84	$1,450	$2,120 (-31.60%)	$2,120 (-31.60%)
1 BR	$27.89	$1,830	$2,538 (-27.89%)	$2,530 (-27.67%)
2 BR	$28.60	$2,500	$5,635 (-55.63%)	$5,635 (-55.63%)
3 BR	$25.01	$2,890	$4,627 (-37.55%)	$3,674 (-21.34%)
4+ BR	$24.55	$5,150	$5,367 (-4.04%)	$5,083 (1.31%)

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 3 cities nearby Lower Merion. The average rent in Lower Merion is currently $1,938 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Philadelphia, PA, with an average rent of $1,825, 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 $2,322 per month.

Let's compare Lower Merion, PA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Lower Merion, PA is 8.41% more expensive than other cities nearby. One bedrooms are about 1.99% more affordable. Two bedrooms in Lower Merion, PA are about 16.00% more expensive. Finally, rent for three bedrooms are about 30.80% more expensive. Want more information? Check out the top 3 cities near Lower Merion, PA in the following table.

City	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,328	$1,700	$1,800	$1,825
Camden, NJ	$2,200	$1,846	$2,100	$1,938
Phoenixville, PA	$395	$1,895	$2,422	$2,322

Top Neighborhoods Near Lower Merion

There are a total of 34 neighborhoods in or near Lower Merion. Some of these neighborhoods include Logan - Ogontz - Fern Rock, Germantown, and Overbrook. We've included the top 30 neighborhoods out of 34 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 $1,896 per month. A total of 32 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Lower Merion's average rent, which is actually $2,549. Out of all the neighborhoods in or near Lower Merion, Frankford has the most affordable average rent at $1,200 per month. Whereas, at $2,858 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	$950	$1,100	$1,355	$1,355
Germantown, Philadelphia, PA	$1,150	$1,295	$1,495	$1,395
Overbrook, Philadelphia, PA	$1,200	$1,186	$1,350	$1,413
East Germantown, Philadelphia, PA	$995	$1,250	$1,525	$1,476
Port Richmond, Philadelphia, PA	$750	$1,300	$1,500	$1,500
Cobbs Creek, Philadelphia, PA	$823	$1,285	$1,350	$1,500
Kingsessing, Philadelphia, PA	N/A	$1,000	$1,537	$1,550
Allegheny West, Philadelphia, PA	N/A	$1,573	$2,050	$1,670
Avenue of the Arts North, Philadelphia, PA	$1,485	$1,685	$2,287	$1,700
North Philadelphia West, Philadelphia, PA	$950	$1,248	$1,495	$1,745
Kensington, Philadelphia, PA	$1,280	$1,528	$1,898	$1,750
Spruce Hill, Philadelphia, PA	$1,125	$1,580	$2,023	$1,773
Roxborough, Philadelphia, PA	$1,515	$1,575	$1,900	$1,775
North Philadelphia East, Philadelphia, PA	$1,300	$1,888	$1,669	$1,795
Mantua, Philadelphia, PA	N/A	$1,250	$1,500	$1,825
East Falls, Philadelphia, PA	$1,248	$1,492	$1,894	$1,967
Point Breeze, Philadelphia, PA	$1,256	$1,387	$1,950	$1,988
Manayunk, Philadelphia, PA	$1,240	$1,535	$1,950	$2,000
Northern Liberties - Fishtown, Philadelphia, PA	$1,375	$1,750	$2,365	$2,000
Avenue of the Arts South, Philadelphia, PA	$1,350	$2,039	$3,022	$2,101
Bella Vista - Southwark, Philadelphia, PA	$990	$1,575	$2,500	$2,125
Center City East, Philadelphia, PA	$1,365	$2,125	$2,895	$2,128
Fairmount - Art Museum, Philadelphia, PA	$1,481	$1,890	$2,495	$2,158
Rittenhouse Square, Philadelphia, PA	$1,659	$2,165	$3,542	$2,169
Washington Square West, Philadelphia, PA	$1,545	$1,958	$2,995	$2,223
Center City West, Philadelphia, PA	$1,472	$2,255	$3,405	$2,285
Graduate Hospital, Philadelphia, PA	$1,387	$1,859	$2,475	$2,450
University City, Philadelphia, PA	$1,160	$2,339	$3,226	$2,479
Logan Square, Philadelphia, PA	$1,816	$2,495	$3,908	$2,595
Fitler Square, Philadelphia, PA	$2,117	$2,412	$3,581	$2,858

Top Counties Near Lower Merion

There are a total of 4 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 $2,073. That's roughly around $26 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Upper Darby, PA. Its average rent per month is $1,673. Vice versa, with an average rent of $2,805, Radnor, PA is the most expensive county by Lower Merion, PA.

Typically, rent for studios in Lower Merion, PA is 44.14% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Lower Merion, PA is 0.69% more expensive than other counties nearby. Finally, rent for two bedrooms in Lower Merion, PA is 15.57% 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	$1,225	$1,298	$1,425	$1,673
Philadelphia, PA	$1,328	$1,700	$1,800	$1,825
Phoenixville, PA	$395	$1,895	$2,422	$2,322
Radnor, PA	N/A	$2,410	$2,628	$2,805

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 $1,800. A total of 23 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19141, Philadelphia, PA at $1,200 per month. In comparison, the zipcode with the most expensive average rent of $2,805 per month is 19087, Tredyffrin, PA.

Studios in these zipcodes have an average rent of $1,123. That's at least $27 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, $26 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,875 per month. Which comes out to $22 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	$1,721	$2,403	$3,662	$2,553
19104, Philadelphia, PA	$1,115	$1,545	$1,750	$1,695
19130, Philadelphia, PA	$1,473	$1,800	$2,400	$2,078
19123, Philadelphia, PA	$1,450	$2,075	$2,497	$2,250
19121, Philadelphia, PA	$1,100	$1,295	$1,495	$1,795
19146, Philadelphia, PA	$1,352	$1,500	$2,100	$2,000
19128, Philadelphia, PA	$1,168	$1,575	$1,900	$1,850
19107, Philadelphia, PA	$1,303	$2,030	$3,148	$2,085
19144, Philadelphia, PA	$1,123	$1,275	$1,525	$1,398
19122, Philadelphia, PA	$1,312	$1,525	$1,750	$1,725

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 $2,549. 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 studio apartment in Lower Merion, PA?

The average monthly rental price for studio apartments is $1,450 and an average price per square feet of $27.84. There are a total of 1 studio apartment listings currently available for rent in Lower Merion.

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

The average monthly rental price for one bedroom apartments is $1,810 and an average price per square feet of $27.89. There are a total of 29 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 $2,500 and an average price per square feet of $28.60. There are a total of 35 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 -0.32%, one bedroom rental prices have changed by -0.28%, two bedroom rental prices have changed by -0.56%, three bedroom rental prices have changed by -0.38% year-over-year.

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

A reasonable rent price in Lower Merion, PA is around $2,039/month. You can search for these reasonably priced rental listings on RentHop.