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Rental Market Trends in Palmyra, PA

What is the average rent in Palmyra, PA?

$1,247/month

Average Rent

754 Sq Ft

Average Apartment Size

+1.3%

Increase in the Last Year

As of April 2026, the average rent in Palmyra, PA is $1,247 per month. This is 23% lower than the national average rent of $1,627/month, making renting in Palmyra more affordable than most cities in the US. When you rent an apartment in Palmyra, you can expect to pay about $1,118 per month for a studio, $1,247 for a one-bedroom apartment, and around $1,505 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,802 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,118/month
587 Sq Ft
One Bedroom
$1,247/month
754 Sq Ft
Two Bedroom
$1,505/month
1,018 Sq Ft
Three Bedroom
$1,802/month
1,265 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Palmyra, PA?

In the past year, rent has increased by 1.3%, which averages out to $17 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Palmyra, PA
Last Updated April 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Palmyra, PA
Percentage*
Rent Range
0% Below $700/month
38% $700 - $1,000/month
38% $1,001 - $1,500/month
25% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Palmyra is $1,247, you’ll want to make about $4,156 per month or $49,872 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

Palmyra, PA

27 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Palmyra, 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

Apartment communities in Palmyra we think you'll love

Stonebrook at Northside Crossing

Stonebrook at Northside Crossing

125 Farmshed Rd,
Palmyra, PA 17078

$1,575 - $2,240

2-3 Beds

510 S Franklin St

510 S Franklin St

510 S Franklin St,
Palmyra, PA 17078

$1,550 Total Monthly Price

2 Beds | 12 Month Lease

613 N Chestnut St

613 N Chestnut St

613 N Chestnut St,
Palmyra, PA 17078

$1,550 Total Monthly Price

2 Beds | 12 Month Lease

113 N Franklin St

113 N Franklin St

113 N Franklin St,
Palmyra, PA 17078

$1,395 Total Monthly Price

2 Beds | 12 Month Lease

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United States Pennsylvania Palmyra 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 February 2026.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity