Oak Hill
22 Strayhorn Way,
Pittsburgh, PA 15213
$1,186 - $3,078
Studio - 3 Beds
Located approximately two miles east of Downtown Pittsburgh, Terrace Village is a highly sought-after suburb with unbeatable access to big-city amenities. Terrace Village sits just north of the Monongahela River and Interstate 376 and is home to several neighborhood parks, playgrounds, and athletic fields. Terrace Village also neighbors the University of Pittsburgh and sits minutes from Carnegie Mellon University and Duquesne University, making the neighborhood a popular place to call home for students, faculty, and staff. The area’s low cost of living affords locals with charming single-family homes and apartments in brick buildings. Renters on a budget who want to remain close to the city will find Terrace Village very appealing. Other amenities nearby include Schenley Park and Phipps Conservatory and Botanical Gardens.
As of January 2026, the average apartment rent in Terrace Village is $1,742 for a studio, $1,567 for one bedroom, $1,935 for two bedrooms, and $2,823 for three bedrooms. Apartment rent in Terrace Village has decreased by -0.6% in the past year.
Studio
501 sq ft
Average Sq Ft
$1,742/month
Average Rent
1 BR
684 sq ft
Average Sq Ft
$1,567/month
Average Rent
2 BR
999 sq ft
Average Sq Ft
$1,935/month
Average Rent
3 BR
1,200 sq ft
Average Sq Ft
$2,823/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
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† 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 November 2025.