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Rental Market Trends in Prospect Park, PA

Updated September 2026

The average rent in Prospect Park, PA is $1,185/month.

Rent in Prospect Park is 29% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.

$1,185/month

Average Rent

542 Sq Ft

Average Size

+2.3%

Change / Year

16

Available Apartments

Prospect Park rent varies by unit size and layout:

  • Studio apartments in Prospect Park average $1,090 per month.
  • One-bedroom apartments in Prospect Park average $1,185 per month.
  • Two-bedroom apartments in Prospect Park average $1,674 per month.
  • Three-bedroom apartments in Prospect Park average or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,090/month
413 Sq Ft
One Bedroom
$1,185/month
542 Sq Ft
Two Bedroom
$1,674/month
846 Sq Ft
View Prospect Park Apartments

How much has average rent changed in Prospect Park, PA?

In the past year, rent has increased by 2.3%, which averages out to $28 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Prospect Park, PA

September 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Prospect Park, PA
Percentage*
Rent Range
0% Below $700/month
7% $700 - $1,000/month
60% $1,001 - $1,500/month
33% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Prospect Park is $1,185, you’ll want to make about $3,950 per month or $47,400 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

Prospect Park, PA

16 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Prospect Park, 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.

View the Prospect Park Area Guide

Apartment Averages

Compare Rent Trends Nearby

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

  • Norwood

    Norwood

    Avg Rent: $1,188/month

  • Holmes

    Holmes

    Avg Rent: $1,066/month

  • Ridley Park

    Ridley Park

    Avg Rent: $1,295/month

  • Glenolden

    Glenolden

    Avg Rent: $1,215/month

  • Folsom

    Folsom

    Avg Rent: $1,396/month

  • Folcroft

    Folcroft

    Avg Rent: $1,025/month

  • Essington

    Essington

    Avg Rent: $998/month

Apartment Communities in Prospect Park We Think You'll Love

The Preserve at Darby Creek

The Preserve at Darby Creek

211 Lazaretto Rd,
Prospect Park, PA 19076

2 Beds | $2,020 - $3,333

Eldorado Court

Eldorado Court

1200 Lincoln Ave,
Prospect Park, PA 19076

2 Beds | $1,736 - $2,383

Donna Ann Apartments

Donna Ann Apartments

1637 Lincoln Ave,
Prospect Park, PA 19076

Studio - 2 Beds | $1,199 - $1,599

Prospect Court Apartments

Prospect Court Apartments

937 Chester Pike,
Prospect Park, PA 19076

1 Bed | $1,210 - $1,400

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Frequently Asked Questions

What is the average rent in Prospect Park?

The average rent in Prospect Park is $1,185 per month, which is 28.8% lower than the national average of $1,665.

Are rents going up or down in Prospect Park?

Rents in Prospect Park, PA are increasing, with prices up 2.3% year-over-year and $28 more per month.

What rent range is most common in Prospect Park?

In Prospect Park, PA, 60% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Pennsylvania Prospect Park 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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© 2026 CoStar Group, Inc.

Equal Housing Opportunity