How many apartments are available in State College, PA on Rentable.co?

Rentable.co has over 6,188 apartments available in State College.

What is the average rent for a studio apartment in State College, PA?

The average rent for a <a href='/state-college-pa/studio-apartments-for-rent' >studio apartment</a> in State College is around $1,020 per month.

What is the average rent for a one-bedroom apartment in State College, PA?

The average rent for a <a href='/state-college-pa/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in State College is around $1,050 per month.

What is the average rent for a two-bedroom apartment in State College, PA?

The average rent for a <a href='/state-college-pa/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in State College is around $1,330 per month.

How expensive is it to rent an apartment in State College, PA?

For a two-bedroom apartment in State College, the average rent price is $1,330 per month, which is lower than the national average of $1,600 per month.

Can I afford an apartment for rent in State College, PA?

Based on average rent prices in State College, to afford a <a href='/state-college-pa/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $41,000 to live comfortably.

Penn State Apartments

State College:
December Rent Report

Welcome to the December 2024 State College Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the State College rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in State College and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of State College average rent prices in the chart below.

Monthly Rent Report

$1,950

$1,460

$980

$490

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

1 BR 2 BR

State College Rent Prices Decrease From November to December

State College rent prices decreased over the last month. From November to December, the city experienced a -1.69% decrease for the price of a one-bedroom apartment. The rent price for a State College one-bedroom apartments currently stands at $1,107.0.

When we take a look at the two-bedroom comparison from November to December, State College experienced a 4.36% increase for the price of a two-bedroom apartment. The rent price for a State College two-bedroom apartments currently stands at $1,867.0.

December Prices: State College vs. Surrounding Areas

Blanchard, PA

State College, PA

Bellefonte, PA

$1,351

$1,126

$899

$450

$900

$1,350

$1,800

Median 1 BR Rent

Rent Prices in State College and Surrounding Areas

Rent prices have decreased in State College over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the State College suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the State College suburbs
Rent decreased in Bellefonte, PA, Blanchard, PA.
1 suburb is currently priced higher than the city of State College.
1 suburb is currently priced lower than the city of State College.

December 2024 Pricing Trends: State College vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

State College, PA

$4,134

$3,160

$2,389

$2,353

$1,914

$1,318

$1,255

$1,234

$1,126

$1,350

$2,700

$4,050

$5,400

Median Rent

State College Rent Prices More Affordable Than Major Cities

Rent growth in State College over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, State College average rent prices appear to be relatively affordable for local residents.

The price for a State College one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about State College and surrounding area rent prices, take a look at the complete data set below.

Data set for State College and suburbs

	1 BR December	1 BR M/M % Change	2 BR December	2 BR M/M % Change
State College, PA	$1,126.0	-3.02%	$1,789.0	8.03%
Bellefonte, PA	$899.0	0.00%	$1,180.0	-2.32%
Blanchard, PA	$1,351.0	-0.95%	$1,462.0	0.00%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.