Pennsylvania is a state rich in history and charm. Explore the state's culture by visiting historic sites like Independence Hall, the Liberty Bell, and Gettysburg National Military Park. Pennsylvania is also home to respected universities like the University of Pennsylvania, Carnegie Mellon University, Drexel University, and Penn State University. Pennsylvania's economy thrives on manufacturing, healthcare, and technology. The state is also home to a thriving theater and art scene, with institutions such as the Kimmel Center for the Performing Arts, the Pittsburgh Symphony Orchestra, and the Pennsylvania Ballet.

For those who love the great outdoors, Pennsylvania offers opportunities for skiing in the Pocono Mountains, fishing in Lake Erie, and exploring the scenic Appalachian Mountains. Sports fans can catch professional games for teams like the Philadelphia Eagles (NFL), Pittsburgh Steelers (NFL), Philadelphia Flyers (NHL), Philadelphia Phillies (MLB), and Philadelphia 76ers (NBA). Be amazed by the popular attractions like the Philly Cheesesteak, the Amish Country, and the Pittsburgh Zoo.

Discover a blend of old and new in Pennsylvania, where history and progress coexist to make it a great place to live.

Rental Market Trends

Oil City, PA

As of April 2026, Oil City's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Oil City's average rent is 29.9% ($458) lower than the Pennsylvania average of $1,530 and 40.0% ($716) lower than the U.S. average of $1,788.

Average Rent

$1,072

Monthly ChangeMonth Over Month Change

18.3% ($240)

Yearly ChangeYear Over Year Change

14.1% ($176)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,069	1.7% ($18)	11.3% ($136)
2 Beds	$1,322	0.8% ($11)	7.7% ($111)
3 Beds	$1,495	1.5% ($23)	11.5% ($194)

Nearby Cities	Average Rent	Avg. Rent vs. Oil CityAverage Rent vs. Oil City	Avg. Days on MarketAverage Days on Market
Franklin	$1,290	20.3% ($218)	40 days
Clarion	$869	18.9% ($203)	39 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Oil City Rental Market FAQs

Explore rental prices, market trends, and availability in Oil City, PA.

What is the average rent in Oil City, PA?

The average rent in Oil City, PA is $1,072 per month.

What is the rental price range for homes in Oil City, PA?

Homes in Oil City typically rent for between $748 and $1,944 per month, with an average of $1,072 per month.

What is the average rent for different bedroom sizes in Oil City, PA?

In Oil City, the average rent for a 1-bedroom home is $1,069 per month, for a 2-bedroom home, $1,322 per month, and a 3-bedroom home is $1,495 per month.

How do rent prices in Oil City, PA compare with the national average?

The average rent in Oil City is 40% ($716) lower than the national average of $1,788 per month.

How have rent prices in Oil City, PA changed recently?

The average rent in Oil City has decreased by 18.3% ($240) in the last month and decreased by 14.1% ($176) over the past year.

How competitive is the rental market in Oil City, PA?

The rental market in Oil City, PA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Oil City, PA?

In Oil City, PA, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Oil City, PA?

There are currently 7 rental properties available in Oil City, PA.

Can I afford to rent a home in Oil City, PA?

Based on the current averages, a household would need an annual income of $52,880 to comfortably afford a 2-bedroom home in Oil City.