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

Prospect Park, PA

As of May 2025, Prospect Park's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Prospect Park's average rent is 18.5% ($307) lower than the Pennsylvania average of $1,656 and 24.8% ($444) lower than the U.S. average of $1,793.

Average Rent

$1,349

Monthly ChangeMonth Over Month Change

0.4% ($6)

Yearly ChangeYear Over Year Change

2.5% ($34)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,255	0.4% ($5)	11.7% ($131)
2 Beds	$1,622	2.4% ($38)	6.9% ($120)
3 Beds	$1,941	4.5% ($84)	5.5% ($112)

Nearby Cities	Average Rent	Avg. Rent vs. Prospect ParkAverage Rent vs. Prospect Park	Avg. Days on MarketAverage Days on Market
Norwood	$1,406	4.2% ($57)	34 days
Ridley Park	$1,474	9.3% ($125)	38 days
Glenolden	$1,153	14.5% ($196)	33 days
Morton	$1,190	11.8% ($159)	35 days
Crum Lynne	$1,243	7.9% ($106)	34 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Prospect Park Rental Market FAQs

Explore rental prices, market trends, and availability in Prospect Park, PA.

What is the average rent in Prospect Park, PA?

The average rent in Prospect Park, PA is $1,349 per month.

What is the rental price range for homes in Prospect Park, PA?

Homes in Prospect Park typically rent for between $879 and $2,523 per month, with an average of $1,349 per month.

What is the average rent for different bedroom sizes in Prospect Park, PA?

In Prospect Park, the average rent for a 1-bedroom home is $1,255 per month, for a 2-bedroom home, $1,622 per month, and a 3-bedroom home is $1,941 per month.

How do rent prices in Prospect Park, PA compare with the national average?

The average rent in Prospect Park is 24.8% ($444) lower than the national average of $1,793 per month.

How have rent prices in Prospect Park, PA changed recently?

The average rent in Prospect Park has decreased by 0.4% ($6) in the last month and decreased by 2.5% ($34) over the past year.

How competitive is the rental market in Prospect Park, PA?

The rental market in Prospect Park, 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 Prospect Park, PA?

In Prospect Park, PA, the average rental stays on the market for approximately 37 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 Prospect Park, PA?

There are currently 4 rental properties available in Prospect Park, PA.

Can I afford to rent a home in Prospect Park, PA?

Based on the current averages, a household would need an annual income of $64,880 to comfortably afford a 2-bedroom home in Prospect Park.