Rental Market Trends in Somerset, PA
What is the average rent in Somerset, PA?
$292/month
Average Rent
0 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of November 2024, the average rent in Somerset, PA is $292 per month. This is 81% lower than the national average rent of $1,559/month, making renting in Somerset more affordable than most cities in the US. When you rent an apartment in Somerset, you can expect to pay about per month for a studio, $292 for a one-bedroom apartment, and around $350 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.
How much has average rent changed in Somerset, PA?
In the past year, rent has increased by 1%, which averages out to $3 more per month.
What salary do I need to live comfortably in Somerset, PA?
Because the average rent in Somerset is $292, you’ll want to make about $973 per month or $11,676 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 Somerset, PA compare to other nearby cities and neighborhoods?
Use the tool below to compare Somerset, 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.
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† 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.
* Percentages may not total 100 due to rounding.