Oak Hill
22 Strayhorn Way,
Pittsburgh, PA 15213
$1,584 - $2,981
Studio - 3 Beds
Area Guide
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 July 2026, the average apartment rent in Terrace Village is $2,514 for a studio, $1,857 for one bedroom, $2,256 for two bedrooms, and $2,967 for three bedrooms. Apartment rent in Terrace Village has increased by 15.6% in the past year.
Studio
502 sq ft
Average Sq Ft
$2,514/month
Average Rent
1 BR
680 sq ft
Average Sq Ft
$1,857/month
Average Rent
2 BR
993 sq ft
Average Sq Ft
$2,256/month
Average Rent
3 BR
1,200 sq ft
Average Sq Ft
$2,967/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Terrace Village - Pittsburgh, PA is for everyday living.
Very Walkable
Walkability
Good Public Transit
Transit
Moderately Drivable
Drivability
Moderately Bikeable
Bikeability
In Terrace Village - Pittsburgh, PA, daily errands are quick and hassle-free.
Supermarket Within a 15 Minute Walk
Groceries
Exceptional Restaurant Variety Nearby
Restaurants
Exceptional Café Variety Nearby
Cafes
Great Variety of Shops Nearby
Shopping
Terrace Village - Pittsburgh, PA provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
Good Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Terrace Village - Pittsburgh, PA from everyday activity to noise and nightlife.
Vibrant Atmosphere
Vibrancy
Exceptional Nightlife Variety Nearby
Nightlife
Not Noisy
Quiet Score
† 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.