RentData

Average Rent in Scranton, PA↑ Rents rising 8.9% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 567,887

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

Market Overview

Scranton, PA has rental prices ranging from $949/month to $1,962/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,106/month — 21% below the national average of $1,400/month. With a median household income of $63,656/year, spending $1,106/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Scranton Compares

With an average 2-bedroom rent of $1,363/month, Scranton ranks #12 most expensive of the 57 cities tracked in Pennsylvania — pricier than 85% of all US cities in our data.

The Scranton Rental Market

The Scranton, PA area has a population of about 567,887 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Scranton, PA have risen by $111/month (8.9%) over the past year, from $1,252 to $1,363. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Scranton, PA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $44,240. The local median household income of $63,656 exceeds that threshold by $19,416, making Scranton relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Scranton, PA is $202,099, giving a price-to-rent ratio of 12.4. The break-even point between renting and buying is roughly 12 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Scranton's neighborhoods. Among the highest-value areas are The Flats ($154,421 median home value), Bull's Head ($166,624 median home value), Downtown ($169,895 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Fair Market Rents

HUD FY2027
Studio
$949
Affordable
1 Bedroom
$1,106
Affordable
2 Bedrooms
$1,363
↑8.9% YoY
Affordable
3 Bedrooms
$1,786
Average
4 Bedrooms
$1,962
Average
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Median Home Value
$202,099
Source: Zillow ZHVI
Est. monthly payment
$1,076/mo
20% down · 30yr · 7%

Is Scranton, 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
$54,520/year
Local median income: $63,656
To buy a median home
$43,026/year
US national median: $75,000
💡 Based on a 2BR rent of $1,363/month and 20% down on a $202,099 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—
Lancaster$1,152$1,256$1,553$1,978—
York$951$1,042$1,327$1,757—

Rent or Buy in Scranton?

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

Should I Rent or Buy?

Break-even analysis using real Scranton data

$
Home Value
$202,099
2BR Rent
$1,363/mo
Mortgage Rate
7%
Monthly P&I
$1,076/mo
🏠 Buy

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

Total monthly buy cost: $1,488/movs rent: $1,363/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 $202,099 home at 7% rate

20% — $40,420
3%50%
Estimated Monthly Payment
$1,076
per month · 30 years · 7% APR
Loan Amount
$161,679
Total Paid
$387,236
Total Interest
$225,557
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Scranton

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Scranton

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Scranton

Is it cheaper to rent or buy here?

💵Rent Affordability in Scranton

Salary needed to afford rent here

🗺️All Cities in PA

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⚖️Compare Scranton

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📋PA Tenant Rights

Deposit limits, eviction laws & renters protections