The Waterfront Apartments and Townhomes
611 E Waterfront Dr,
Munhall, PA 15120
1-3 Beds | $2,045 - $2,145
Rental Market Trends in Homestead, PA
Updated July 2026
What is the average rent in Homestead, PA?
$1,100/month
Average Rent
601 Sq Ft
Average Size
+6.1%
Change / Year
33
Available Apartments
Homestead, PA Rental Market Overview
The average rent in Homestead, PA is $1,100 per month. This is 34% lower than the national average rent of $1,662/month, making renting in Homestead more affordable than most cities in the US.
- Studio apartments in Homestead average $1,032 per month.
- One-bedroom apartments in Homestead average $1,100 per month.
- Two-bedroom apartments in Homestead average $1,231 per month.
- Three-bedroom apartments in Homestead average $984 or more per month.
Data Updated: July 1, 2026
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Homestead, PA?
In the past year, rent has increased by 6.1%, which averages out to $67 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Homestead, PA
July 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
40%
$700 - $1,000/month
40%
$1,001 - $1,500/month
20%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Homestead, PA?
Because the average rent in Homestead is $1,100, you’ll want to make about $3,666 per month or $43,992 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Homestead, PA compare to other nearby cities and neighborhoods?
Use the tool below to compare Homestead, PA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Homestead Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Homestead We Think You'll Love
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Frequently Asked Questions
What is the average rent in Homestead?
The average rent in Homestead is $1,100 per month, which is 33.8% lower than the national average of $1,662.
Are rents going up or down in Homestead?
Rents in Homestead, PA are increasing, with prices up 6.1% year-over-year and $67 more per month.
What rent range is most common in Homestead?
In Homestead, PA, 40% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.