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 $4,598 for a 4-bedroom rental. The median price of all currently available listings is $2,825, or roughly $28 per square feet.

For the apartment units and housing in September 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 $823 (-32.51%) year-over-year from $2,530 to $1,708. 2-bedroom rentals prices have decreased by $3,035 (-53.86%) year-over-year from $5,635 to $2,600. 3-bedroom rentals prices have decreased by $1,167 (-28.01%) year-over-year from $4,167 to $3,000. 4-bedroom rentals prices have decreased by $1,186 (-20.50%) year-over-year from $5,783 to $4,598. 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 0.09% this month. 2-bedroom rents have gone up by 5.72% this month. 3-bedroom rents have gone down by 13.46% this month. 4-bedroom rents have gone down by 3.87% this month.

Beds	Price / Sqft	Sep 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	$27.44	$1,708	$2,530 (-32.51%)	$2,530 (-32.51%)
2 BR	$27.50	$2,600	$5,635 (-53.86%)	$5,635 (-53.86%)
3 BR	$25.10	$3,000	$4,167 (-28.01%)	$3,209 (-6.51%)
4+ BR	$27.80	$4,598	$5,783 (-20.50%)	$4,533 (1.42%)

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 $1,805 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Camden, NJ, with an average rent of $1,750, 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 $2,218 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 1.82% more expensive than other cities nearby. One bedrooms are about 2.10% more affordable. Two bedrooms in Lower Merion, PA are about 27.09% more expensive. Finally, rent for three bedrooms are about 35.48% 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
Camden, NJ	$1,500	$1,300	$1,650	$1,750
Philadelphia, PA	$1,350	$1,700	$1,850	$1,805
Phoenixville, PA	$990	$1,935	$2,475	$2,218

Top Neighborhoods Near Lower Merion

There are a total of 32 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 32 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 32 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Lower Merion's average rent, which is actually $2,825. Out of all the neighborhoods in or near Lower Merion, Tioga - Nicetown has the most affordable average rent at $1,300 per month. Whereas, at $2,798 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	N/A	$1,075	$1,338	$1,400
Germantown, Philadelphia, PA	$1,200	$1,383	$1,700	$1,425
Overbrook, Philadelphia, PA	$1,300	$1,325	$1,400	$1,450
Cobbs Creek, Philadelphia, PA	$825	$1,238	$1,275	$1,475
East Germantown, Philadelphia, PA	$1,300	$1,295	$1,500	$1,485
Spruce Hill, Philadelphia, PA	$1,050	$1,465	$1,823	$1,498
Port Richmond, Philadelphia, PA	$750	$1,300	$1,575	$1,539
University City, Philadelphia, PA	$1,259	$2,418	$3,177	$1,550
North Philadelphia West, Philadelphia, PA	$1,295	$1,245	$1,450	$1,600
Kingsessing, Philadelphia, PA	$900	$1,100	$1,660	$1,600
Allegheny West, Philadelphia, PA	N/A	$1,578	$2,025	$1,670
Avenue of the Arts North, Philadelphia, PA	$1,580	$1,650	$2,242	$1,675
Kensington, Philadelphia, PA	$1,169	$1,528	$1,963	$1,750
South Philadelphia West, Philadelphia, PA	$1,338	$1,375	$1,900	$1,795
North Philadelphia East, Philadelphia, PA	$1,300	$1,800	$1,650	$1,800
Roxborough, Philadelphia, PA	$1,700	$1,599	$1,900	$1,800
Mantua, Philadelphia, PA	$1,023	$1,373	$1,585	$1,825
Point Breeze, Philadelphia, PA	$1,222	$1,368	$1,850	$1,960
Washington Square West, Philadelphia, PA	$1,550	$1,900	$2,750	$2,018
Northern Liberties - Fishtown, Philadelphia, PA	$1,436	$1,775	$2,400	$2,030
Avenue of the Arts South, Philadelphia, PA	$1,350	$2,022	$2,986	$2,049
Fairmount - Art Museum, Philadelphia, PA	$1,543	$1,875	$2,495	$2,100
Center City East, Philadelphia, PA	$1,340	$2,078	$2,713	$2,100
Manayunk, Philadelphia, PA	$1,425	$1,585	$2,000	$2,100
Rittenhouse Square, Philadelphia, PA	$1,705	$2,194	$3,290	$2,235
Graduate Hospital, Philadelphia, PA	$1,400	$1,637	$2,500	$2,295
Center City West, Philadelphia, PA	$1,545	$2,285	$3,705	$2,345
Bella Vista - Southwark, Philadelphia, PA	$1,502	$1,595	$2,450	$2,358
Logan Square, Philadelphia, PA	$1,922	$2,495	$3,945	$2,545
Fitler Square, Philadelphia, PA	$1,540	$2,636	$3,581	$2,798

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 $2,218. That's roughly around $25 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 $1,550. Vice versa, with an average rent of $2,823, Radnor, PA is the most expensive county by Lower Merion, PA.

Typically, rent for studios in Lower Merion, PA is 28.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Lower Merion, PA is 5.11% more affordable than other counties nearby. Finally, rent for two bedrooms in Lower Merion, PA is 13.30% 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	$1,325	$1,400	$1,550
Philadelphia, PA	$1,350	$1,700	$1,850	$1,805
Phoenixville, PA	$990	$1,935	$2,475	$2,218
Tredyffrin, PA	N/A	$1,750	$2,200	$2,700
Radnor, PA	N/A	$2,310	$2,645	$2,823

Top Zipcodes Near Lower Merion

There are a total of 24 zipcodes in or near Lower Merion, PA. The average rent for all of these zipcodes is $1,811. A total of 24 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 $1,200 per month. In comparison, the zipcode with the most expensive average rent of $2,600 per month is 19087, Tredyffrin, PA.

Studios in these zipcodes have an average rent of $1,255. That's at least $32 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 $1,516 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	$1,817	$2,410	$3,750	$2,540
19104, Philadelphia, PA	$1,215	$1,400	$1,795	$1,650
19130, Philadelphia, PA	$1,518	$1,840	$2,400	$1,998
19123, Philadelphia, PA	$1,520	$1,895	$2,497	$2,100
19121, Philadelphia, PA	$1,295	$1,288	$1,498	$1,650
19146, Philadelphia, PA	$1,295	$1,500	$2,100	$1,975
19128, Philadelphia, PA	$1,425	$1,595	$1,900	$1,885
19107, Philadelphia, PA	$1,300	$2,000	$2,850	$2,059
19144, Philadelphia, PA	$1,200	$1,300	$1,675	$1,443
19122, Philadelphia, PA	$1,431	$1,523	$1,900	$1,892

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 $2,825. 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 $1,665 and an average price per square feet of $27.44. There are a total of 41 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 $2,538 and an average price per square feet of $27.50. There are a total of 44 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 -0.33%, two bedroom rental prices have changed by -0.54%, three bedroom rental prices have changed by -0.28% year-over-year.

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

A reasonable rent price in Lower Merion, PA is around $2,260/month. You can search for these reasonably priced rental listings on RentHop.