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Rental Market Trends in Lower Merion, PA

Updated September 2026

The average rent in Lower Merion, PA is $2,600/month.

Rent in Lower Merion is 56% higher than the national average rent of $1,665/month, making this one of the more expensive cities statewide.

$2,600/month

Average Rent

740 Sq Ft

Average Size

+1.2%

Change / Year

1,220

Available Apartments

Lower Merion rent varies by unit size and layout:

  • Studio apartments in Lower Merion average per month.
  • One-bedroom apartments in Lower Merion average $2,600 per month.
  • Two-bedroom apartments in Lower Merion average $3,500 per month.
  • Three-bedroom apartments in Lower Merion average $6,500 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$2,600/month
740 Sq Ft
Two Bedroom
$3,500/month
1,001 Sq Ft
Three Bedroom
$6,500/month
1,962 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,303/month
1,117 Sq Ft
Two Bedroom
$2,025/month
1,562 Sq Ft
Three Bedroom
$2,687/month
879 Sq Ft
Four Bedroom
$4,086/month
1,773 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,675/month
699 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,387/month
1,253 Sq Ft
Two Bedroom
$1,990/month
809 Sq Ft
Three Bedroom
$2,859/month
1,046 Sq Ft
Four Bedroom
$2,690/month
1,126 Sq Ft
View Lower Merion Apartments

How much has average rent changed in Lower Merion, PA?

In the past year, rent has increased by 1.2%, which averages out to $31 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Lower Merion, PA

September 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Lower Merion, PA
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
100% Above $2,000/month

What salary do I need to live comfortably in Lower Merion, PA?

Because the average rent in Lower Merion is $2,600, you’ll want to make about $8,666 per month or $103,992 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.

City

Lower Merion, PA

1,220 Available Apartments for Rent

Search for Nearby Apartments

How does Lower Merion, PA compare to other nearby cities and neighborhoods?

Use the tool below to compare Lower Merion, 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.

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Narberth

    Narberth

    Avg Rent: $1,808/month

  • Wynnewood

    Wynnewood

    Avg Rent: $2,044/month

  • Ardmore

    Ardmore

    Avg Rent: $2,228/month

  • Bryn Mawr

    Bryn Mawr

    Avg Rent: $1,801/month

  • Merion Station

    Merion Station

    Avg Rent: $1,020/month

  • Bala Cynwyd

    Bala Cynwyd

    Avg Rent: $2,166/month

  • Haverford Township

    Haverford Township

    Avg Rent: $1,495/month

Apartment Communities in Lower Merion We Think You'll Love

The Villas at Bryn Mawr Apartment Homes

The Villas at Bryn Mawr Apartment Homes

105 Charles Dr,
Bryn Mawr, PA 19010

1-2 Beds | $2,420 - $2,645

Presidential City

Presidential City

3800-3900 City Ave,
Philadelphia, PA 19131

Studio - 3 Beds | $1,189 - $5,999

The Driftway

The Driftway

4300 Kelly Dr,
Philadelphia, PA 19129

Studio - 2 Beds | $1,875 - $3,155

Blayr

Blayr

145 E City Ave,
Bala Cynwyd, PA 19004

Studio - 3 Beds | $2,046 - $4,416

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Frequently Asked Questions

What is the average rent in Lower Merion?

The average rent in Lower Merion is $2,600 per month, which is 56.2% higher than the national average of $1,665.

What is the average rent for a house in Lower Merion?

The average rent for a house in Lower Merion, PA is $2,687 per month.

What is the average rent for a townhome in Lower Merion?

The average rent for a townhome in Lower Merion, PA is $1,990 per month.

What is the average rent for a condo in Lower Merion?

The average rent for a condo in Lower Merion, PA is $1,675 per month.

Are rents going up or down in Lower Merion?

Rents in Lower Merion, PA are increasing, with prices up 1.2% year-over-year and $31 more per month.

What rent range is most common in Lower Merion?

In Lower Merion, PA, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

United States Pennsylvania Lower Merion Rental Trends

Methodology

† 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 September 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.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity