Average Rent in Lancaster, PA
The Fair Market Rent for a 2-bedroom in Lancaster, PA is $1,526 per month, based on HUD data. With a median household income of $83,703, a household would spend 21.9% of income on housing at Fair Market Rent. Rent has increased 14.5% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,102 |
| 1 Bedroom | $1,220 |
| 2 Bedroom | $1,526 |
| 3 Bedroom | $1,980 |
| 4 Bedroom | $2,020 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $83,703 |
| Rent Burden (2BR FMR / Income) | 21.9% |
| Income Needed for 2BR (30% rule) | $61,040/yr |