Average Rent in Lower Merion, PA

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Current Versus Historical Lower Merion, PA Rents

Lower Merion rentals average $1,375 for a studio rental to $5,950 for a 4-bedroom rental. The median price of all currently available listings is $2,750, or roughly $29 per square feet.
For the apartment units and housing in June 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 $575 (-22.73%) year-over-year from $2,530 to $1,955. 2-bedroom rentals prices have decreased by $2,985 (-52.97%) year-over-year from $5,635 to $2,650. 3-bedroom rentals prices have decreased by $403 (-9.20%) year-over-year from $4,375 to $3,973. 4-bedroom rentals prices have increased by $375 (7.01%) year-over-year from $5,350 to $5,725. 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 6.25% this month. 1-bedroom rents have gone up by 9.83% this month. 2-bedroom rents have gone up by 7.94% this month. 3-bedroom rents have gone up by 18.61% this month. 4-bedroom rents have gone up by 9.22% this month.
Beds
Price / Sqft
Jun 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $36.67 $1,375 $2,120 (-35.14%) $2,120 (-35.14%)
1 BR $31.62 $1,955 $2,530 (-22.73%) $2,540 (-23.02%)
2 BR $29.63 $2,650 $5,635 (-52.97%) $5,635 (-52.97%)
3 BR $25.67 $3,973 $4,375 (-9.20%) $4,162 (-4.55%)
4+ BR $26.07 $5,725 $5,350 (7.01%) $4,167 (37.40%)

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 $2,120 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 $1,840, 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 $2,400 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 32.91% more expensive than other cities nearby. One bedrooms are about 3.21% more expensive. Two bedrooms in Lower Merion, PA are about 8.20% more expensive. Finally, rent for three bedrooms are about 33.67% 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 $1,450 $1,795 $1,900 $1,840
Phoenixville, PA $395 $1,975 $2,690 $2,400

Top Neighborhoods Near Lower Merion

There are a total of 35 neighborhoods in or near Lower Merion. Some of these neighborhoods include Germantown, Overbrook, and East Germantown. We've included the top 30 neighborhoods out of 35 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 $1,800 per month. A total of 35 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Lower Merion's average rent, which is actually $2,750. Out of all the neighborhoods in or near Lower Merion, Overbrook has the most affordable average rent at $1,400 per month. Whereas, at $2,700 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
Germantown, Philadelphia, PA $1,145 $1,315 $1,495 $1,400
Overbrook, Philadelphia, PA $1,105 $1,300 $1,410 $1,400
East Germantown, Philadelphia, PA $1,200 $1,295 $1,500 $1,400
Cobbs Creek, Philadelphia, PA $875 $1,200 $1,400 $1,438
Spruce Hill, Philadelphia, PA $1,078 $1,375 $1,975 $1,445
Port Richmond, Philadelphia, PA $1,050 $1,400 $1,642 $1,550
South Philadelphia West, Philadelphia, PA $1,200 $1,250 $1,600 $1,550
West Powelton, Philadelphia, PA $913 $1,518 $1,500 $1,598
Avenue of the Arts North, Philadelphia, PA $1,675 $1,725 $2,125 $1,675
Kensington, Philadelphia, PA $1,169 $1,451 $1,900 $1,713
North Philadelphia West, Philadelphia, PA $1,331 $1,250 $1,540 $1,750
Roxborough, Philadelphia, PA $1,335 $1,675 $1,985 $1,750
North Philadelphia East, Philadelphia, PA $1,495 $1,695 $1,750 $1,800
Point Breeze, Philadelphia, PA $1,350 $1,435 $1,750 $1,800
East Falls, Philadelphia, PA $1,200 $1,399 $1,875 $1,838
Northern Liberties - Fishtown, Philadelphia, PA $1,475 $1,800 $2,473 $1,950
Avenue of the Arts South, Philadelphia, PA $1,350 $1,955 $2,973 $1,964
West Mount Airy, Philadelphia, PA $900 $1,696 $2,154 $2,000
Mantua, Philadelphia, PA $1,743 $1,350 $1,613 $2,000
Manayunk, Philadelphia, PA $1,173 $1,500 $1,900 $2,000
Rittenhouse Square, Philadelphia, PA $1,558 $2,031 $3,030 $2,033
Fairmount - Art Museum, Philadelphia, PA $1,555 $2,034 $2,550 $2,050
Washington Square West, Philadelphia, PA $1,498 $2,045 $2,585 $2,085
Graduate Hospital, Philadelphia, PA $1,340 $1,658 $2,425 $2,100
Center City East, Philadelphia, PA $1,175 $1,950 $2,665 $2,138
Bella Vista - Southwark, Philadelphia, PA $1,308 $1,695 $2,600 $2,200
Center City West, Philadelphia, PA $1,575 $2,290 $3,308 $2,305
University City, Philadelphia, PA $1,274 $2,496 $3,332 $2,346
Logan Square, Philadelphia, PA $1,771 $2,535 $3,745 $2,536
Fitler Square, Philadelphia, PA $2,117 $2,617 $3,388 $2,700

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 Radnor, PA. The average rent for rentals in these counties is $2,113. That's roughly around $29 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Upper Darby, PA. Its average rent per month is $1,563. Vice versa, with an average rent of $2,400, Phoenixville, PA is the most expensive county by Lower Merion, PA.

Typically, rent for studios in Lower Merion, PA is 12.73% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Lower Merion, PA is 5.26% more expensive than other counties nearby. Finally, rent for two bedrooms in Lower Merion, PA is 12.90% 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 $950 $1,205 $1,500 $1,563
Philadelphia, PA $1,450 $1,795 $1,900 $1,840
Radnor, PA $2,000 $1,895 $2,455 $2,385
Phoenixville, PA $395 $1,975 $2,690 $2,400

Top Zipcodes Near Lower Merion

There are a total of 23 zipcodes in or near Lower Merion, PA. The average rent for all of these zipcodes is $1,795. 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 19140, Philadelphia, PA at $1,325 per month. In comparison, the zipcode with the most expensive average rent of $2,488 per month is 19460, Phoenixville, PA.

Studios in these zipcodes have an average rent of $1,287. 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 $1,575 per month. Or in other words, $28 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,895 per month. Which comes out to $24 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 $1,746 $2,402 $3,518 $2,397
19104, Philadelphia, PA $1,221 $1,450 $1,800 $1,695
19130, Philadelphia, PA $1,555 $1,904 $2,492 $2,000
19123, Philadelphia, PA $1,675 $2,100 $2,619 $2,044
19121, Philadelphia, PA $1,287 $1,220 $1,550 $1,800
19146, Philadelphia, PA $1,342 $1,600 $2,100 $1,848
19128, Philadelphia, PA $1,273 $1,640 $1,895 $1,795
19107, Philadelphia, PA $1,263 $1,990 $2,700 $2,113
19122, Philadelphia, PA $1,290 $1,466 $1,795 $1,704
19144, Philadelphia, PA $1,145 $1,295 $1,500 $1,400

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 $2,750. 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 $1,375 and an average price per square feet of $36.67. 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 $1,948 and an average price per square feet of $31.62. There are a total of 40 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 $29.63. There are a total of 39 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 -0.23%, two bedroom rental prices have changed by -0.53%, three bedroom rental prices have changed by -0.09% year-over-year.
What is a reasonable rent price in Lower Merion, PA?
A reasonable rent price in Lower Merion, PA is around $2,200/month. You can search for these reasonably priced rental listings on RentHop.
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