Average Rent in Upper Merion, PA

Current Versus Historical Upper Merion, PA Rents

Upper Merion rentals average $1,673 for a studio rental to $3,125 for a 4-bedroom rental. The median price of all currently available listings is $2,330, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $461 (-21.69%) year-over-year from $2,124 to $1,663. 1-bedroom rentals prices have increased by $2 (0.09%) year-over-year from $2,050 to $2,052. 2-bedroom rentals prices have decreased by $297 (-10.35%) year-over-year from $2,867 to $2,571. 3-bedroom rentals prices have decreased by $334 (-10.08%) year-over-year from $3,308 to $2,975. 4-bedroom rentals prices have decreased by $1,208 (-27.87%) year-over-year from $4,333 to $3,125. 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 18.84% this month. 1-bedroom rents have gone up by 1.14% this month. 2-bedroom rents have gone up by 0.61% this month. 3-bedroom rents have gone up by 8.50% this month. 4-bedroom rents have gone down by 12.67% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.87	$1,663	$2,124 (-21.69%)	$1,284 (29.53%)
1 BR	$2.50	$2,052	$2,050 (0.09%)	$1,760 (16.62%)
2 BR	$2.07	$2,571	$2,867 (-10.35%)	$1,960 (31.18%)
3 BR	$1.68	$2,975	$3,308 (-10.08%)	$2,396 (24.15%)
4+ BR	$2.32	$3,125	$4,333 (-27.87%)	$3,332 (-6.20%)

Historical Rents in Upper Merion, PA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Upper Merion

There are a total of 1 cities nearby Upper Merion. The average rent in Upper Merion is currently $2,313 per month. Only one city nearby has an average rent lower than that. Our records show that King of Prussia, PA, with an average rent of $2,313, is the most affordable city nearby. In contrast, the most expensive city near Upper Merion, PA is King of Prussia, PA. Monthly rents here are on average $2,313 per month.

Let's compare Upper Merion, PA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Upper Merion, PA is on par with the other cities nearby. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in Upper Merion, PA are about 1.09% more affordable. Finally, rent for three bedrooms are about 2.46% more affordable. Want more information? Check out the top 1 cities near Upper Merion, PA in the following chart.

City	Studio	1 Bed	2 Bed	All
King of Prussia, PA	$1,673	$2,052	$2,546	$2,313

Top Neighborhoods Near Upper Merion

There are a total of 2 neighborhoods in or near Upper Merion. We've included all of these top 2 neighborhoods in or near Upper Merion, PA in the following chart.

The average rent for these 2 neighborhoods in or near Upper Merion, PA is currently around $1,724 per month. A total of 2 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Upper Merion, Germantown has the most affordable average rent at $1,450 per month. Whereas, at $1,998 average rent per month, Manayunk is the most expensive neighborhood in or near Upper Merion. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Germantown, Philadelphia, PA	$900	$1,338	$1,832	$1,450
Manayunk, Philadelphia, PA	$1,420	$1,550	$1,925	$1,998

Top Counties Near Upper Merion

There are a total of 2 counties located by Upper Merion, PA. The average rent for rentals in these counties is $2,255. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Lower Merion, PA. It's average rent per month is $2,255. Vice versa, with an average rent of $2,255, Lower Merion, PA is the most expensive county by Upper Merion, PA.

In comparison, rent for one bedroom listings in Upper Merion, PA is 12.77% more expensive than other counties nearby. Finally, rent for two bedrooms in Upper Merion, PA is 12.75% more expensive than other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Lower Merion, PA	N/A	$1,790	$2,198	$2,255

Top Zipcodes Near Upper Merion

There are a total of 3 zipcodes in or near Upper Merion, PA. The average rent for all of these zipcodes is $1,815. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19144, Philadelphia, PA at $1,571 per month. In comparison, the zipcode with the most expensive average rent of $2,313 per month is 19406, King of Prussia, PA.

Studios in these zipcodes have an average rent of $1,338. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Upper Merion, PA is $1,598 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,925 per month. Which comes out to $2 per sqft. The following chart includes the top 3 zipcodes in Upper Merion, PA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
19144, Philadelphia, PA	$1,128	$1,450	$1,850	$1,571
19406, King of Prussia, PA	$1,673	$2,052	$2,546	$2,313
19128, Philadelphia, PA	$1,338	$1,598	$1,925	$1,815

Frequently Asked Questions - Upper Merion Average Rents

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

The average monthly rental price for Upper Merion, PA apartments for rent is approximately $2,330. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Upper 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 Upper Merion, PA.

How much is a studio apartment in Upper Merion, PA?

The average monthly rental price for studio apartments is $1,673 and an average price per square feet of $2.87. There are a total of 5 studio apartment listings currently available for rent in Upper Merion.

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

The average monthly rental price for one bedroom apartments is $2,052 and an average price per square feet of $2.50. There are a total of 37 one bedroom apartment listings currently available for rent in Upper Merion.

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

The average monthly rental price for two bedroom apartments is $2,519 and an average price per square feet of $2.07. There are a total of 24 two bedroom apartment listings currently available for rent in Upper Merion.

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

Rent prices for rentals in Upper Merion, PA can fluctuate yearly. Specifically, studio rental prices have changed by -0.22%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.10%, and three bedroom rental prices have changed by -0.10% year-over-year.

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

A reasonable rent price in Upper Merion, PA is around $1,864/month. You can search for these reasonably priced rental listings on RentHop.