RentData

Average Rent in Chambersburg, PA↓ Rents falling 3.9% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 156,626

Data review: HUD FY2027Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Chambersburg, PA has rental prices ranging from $923/month to $1,900/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,071/month — 23% below the national average of $1,400/month. With a median household income of $74,946/year, spending $1,071/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Chambersburg Compares

With an average 2-bedroom rent of $1,325/month, Chambersburg ranks #16 most expensive of the 57 cities tracked in Pennsylvania — pricier than 83% of all US cities in our data.

The Chambersburg Rental Market

The Chambersburg, PA area has a population of about 156,626 and 27% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Chambersburg, PA have fallen by $54/month (3.9%) over the past year, from $1,379 to $1,325. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Chambersburg, PA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $42,840. The local median household income of $74,946 exceeds that threshold by $32,106, making Chambersburg relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Chambersburg, PA is $288,177, giving a price-to-rent ratio of 18.1. With a break-even horizon of approximately 18 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2027
Studio
$923
Affordable
1 Bedroom
$1,071
Affordable
2 Bedrooms
$1,325
↓3.9% YoY
Affordable
3 Bedrooms
$1,770
Affordable
4 Bedrooms
$1,900
Average
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Median Home Value
$288,177
Source: Zillow ZHVI
Est. monthly payment
$1,534/mo
20% down · 30yr · 7%

Is Chambersburg, PA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$53,000/year
Local median income: $74,946
To buy a median home
$61,352/year
US national median: $75,000
💡 Based on a 2BR rent of $1,325/month and 20% down on a $288,177 home at 7% rate.

Nearby Cities in PAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Pike County$1,270$1,279$1,657$2,152—
Pittsburgh$1,075$1,146$1,389$1,773—
Allentown$1,302$1,519$1,839$2,306—
Harrisburg$1,166$1,285$1,598$2,055—
Scranton$949$1,106$1,363$1,786—
Lancaster$1,152$1,256$1,553$1,978—

Rent or Buy in Chambersburg?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Chambersburg data

$
Home Value
$288,177
2BR Rent
$1,325/mo
Mortgage Rate
7%
Monthly P&I
$1,534/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,122/movs rent: $1,325/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $288,177 home at 7% rate

20% — $57,635
3%50%
Estimated Monthly Payment
$1,534
per month · 30 years · 7% APR
Loan Amount
$230,542
Total Paid
$552,168
Total Interest
$321,626
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Chambersburg

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Frequently Asked Questions

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🏘️Neighborhoods in Chambersburg

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⚖️Rent vs Buy in Chambersburg

Is it cheaper to rent or buy here?

💵Rent Affordability in Chambersburg

Salary needed to afford rent here

🗺️All Cities in PA

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⚖️Compare Chambersburg

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📋PA Tenant Rights

Deposit limits, eviction laws & renters protections