Apartments in Oakland Pittsburgh

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Oakland

A Pittsburgh Neighborhood

Summary

In the shadow of the 45-story Cathedral of Learning — the tallest educational building in the Western Hemisphere — Oakland is the “Med, Tech, and Ed” center of Pittsburgh. The University of Pittsburgh, Carlow University, and parts of Carnegie Mellon call the neighborhood home, as does the University of Pittsburgh Medical Center and much of the city’s booming tech sector. The Carnegie Complex, endowed by steel magnate Andrew Carnegie in the early 20th century, is a National Historic Landmark and contains several beloved Pittsburgh cultural institutions: The Carnegie Art Museum, The Carnegie Museum of Natural History, The Carnegie Music Hall, and the main branch of The Carnegie Library.

Oakland is definitely a student-dominated area, but it’s also not a monolith and is large enough to contain dozens of distinct neighborhoods, each with its own character and attitude. Readers of American fiction might recognize Oakland landmarks — like the beautiful Schenley Park — from Michael Chabon’s blockbuster novel The Mysteries of Pittsburgh, which is largely set in the neighborhood.

Budget

If you're not sure how much an apartment will cost, the table below shows the average price by size.

$1,038
Studio
$1,263
1 Bedroom
$1,475
2 Bedrooms
$1,551
3 Bedrooms
$1,874
4 Bedrooms
$1,947
5+ Bedrooms
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Pittsburgh:
April Rent Report

Welcome to the April 2020 Pittsburgh Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the April 2020 key findings and figures for the Pittsburgh rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Pittsburgh 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 Pittsburgh rent prices in the chart below.

Monthly Rent Report

Pittsburgh Rent Prices Increase From March to April

Pittsburgh rent prices increased over the last month. From March to April, the city experienced a 1.29% increase for the price of a one-bedroom apartment. The rent price for a Pittsburgh one-bedroom apartments currently stands at $1,101.0.

When we take a look at the two-bedroom comparison from March to April, Pittsburgh experienced a 2.05% increase for the price of a two-bedroom apartment. The rent price for a Pittsburgh two-bedroom apartments currently stands at $1,246.0.

April Prices: Pittsburgh vs. Surrounding Areas

Rent Prices in Pittsburgh and Surrounding Areas

Rent prices have increased in Pittsburgh over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Pittsburgh 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:

  • Rent increased in Monroeville, PA, Moon Township, PA, McKeesport, PA .

  • Rent decreased in Bethel Park, PA, Cranberry Twp, PA.

  • 2 suburbs are currently priced higher than the city of Pittsburgh.

  • 3 suburbs are currently priced lower than the city of Pittsburgh.

April 2020 Pricing Trends: Pittsburgh vs. National Comparisons

Pittsburgh Rent Prices More Affordable Than Major Cities

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

The price for a Pittsburgh 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.

You can view the full rundown of ABODO's April 2020 National Apartment Report and data set here.

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

Data set for Pittsburgh and suburbs

1 BR April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Pittsburgh, PA $1,087.0 0.00% $1,221.0 -0.16%
Bethel Park, PA $935.0 -0.95% $1,544.0 -0.07%
Monroeville, PA $905.0 2.84% $1,006.0 1.00%
Moon Township, PA $1,139.0 2.61% $1,385.0 1.10%
Cranberry Twp, PA $1,293.0 -1.52% $1,450.0 0.07%
McKeesport, PA $647.0 0.94% $738.0 -0.54%

Methodology

Each month, using over 1 million ABODO 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.