Pittsburgh Neighborhoods Where Rent is Increasing the Most

Across bridges and tunnels and among the hills and three rivers, many Pittsburgh neighborhoods are experiencing a 21st-century renaissance. From the South Hills to the hamlets among the Ohio, Monongahela and Allegheny, Pittsburgh’s most desirable neighborhoods are getting more expensive.

We compared the average rent for a one-bedroom apartment in every Pittsburgh neighborhood on Rent.com to prices in those same spots a year ago. From this, we determined the Pittsburgh neighborhoods where rent has increased the most.

5. Banksville

Banksville

  • Price increase over the past year: 2.6 percent
  • Average rent for one-bedroom in Banksville: $890
  • Average rent for one-bedroom in Pittsburgh: $1,281

The South Hills neighborhood of Banksville sits on the western edge of the city of Pittsburgh, adjacent to the western suburbs. The area is nearly entirely residential streets and wooded parkland, with a smattering of retail and restaurants along Banksville Road.

That causeway is a primary artery from South Hills into downtown Pittsburgh through the Fort Pitt Tunnel and over the Fort Pitt Bridge, making Banksville an ideal community for commuters into the Golden Triangle.

Coming of age as a mining town in the mid-1800s, the neighborhood contained three large-scale mines and a number of railroads in its heyday until it was incorporated into the city of Pittsburgh in 1928.

A population boom in the 1960s turned the industrial burgh into a residential enclave. The neighborhood is now dotted with a bevy of apartment buildings and complexes.

For wooded beauty, views of Mount Washington and convenience to one of the best ways to enter an American city, you’ll have to shell out a 2.6 percent increase in rent from last year.

Related: The Best Cities for Meat Lovers in America

4. Squirrel Hill South

Banksville

  • Price increase over the past year: 4.1 percent
  • Average rent for one-bedroom in Squirrel Hill South: $1,061
  • Average rent for one-bedroom in Pittsburgh: $1,281

Tucked away in the southeast corner of the city of Pittsburgh is the upper-middle-class neighborhood of Squirrel Hill South. The area is one of the most desirable residential areas in Pittsburgh due to its bucolic tree-covered streets and quiet lifestyle.

Even the highway system contributes to the residential space, as I-376’s Parkway East goes nearly entirely underground through the neighborhood via the Squirrel Hill Tunnel.

The primary business district is “upstreet” along Murray Avenue, with several blocks of trendy retail shops, quaint bistros, bars and a movie pub. Park space is in abundance, as every corner of the inverted triangle is a unique green space.

At the northwestern corner is Schenley Park, one of Travel + Leisure’s “America’s Coolest City Parks,” an athlete’s paradise with a full-scale running track, soccer field, tennis courts, swimming pool, golf course, disc golf course and ice skating rink.

Frick Park at the northeast corner, Pittsburgh’s largest park, is nearly entirely wooded, with miles of hiking and biking trails, plus the Frick Environmental Center. And the Duck Hollow Trail runs along the park side of the Monongahela River waterfront.

While rents remain below the average of Pittsburgh in general, they’re increasing in this residential and parkland retreat, up year-to-year by 4.1 percent.

3. Allegheny Center

Allegheny Center

  • Price increase over the past year: 6.88 percent
  • Average rent for one-bedroom in Allegheny Center: $1,251
  • Average rent for one-bedroom in Pittsburgh: $1,281

Just across the Allegheny River from downtown Pittsburgh, the micro-hood of Allegheny Center is an anomaly. The entire neighborhood population of just 930 reside in 840 units, spread among four apartment complexes. But these lucky few enjoy one of the nicest spots in the Steel City.

The quarter-square-mile enclave is ringed by Allegheny Park Commons, the city’s oldest park, which features tree-lined walking paths, multi-sport athletic fields, an urban lake and even the National Aviary, the country’s largest. The remainder of the neighborhood contains the Children’s Museum of Pittsburgh, the New Hazlett Theater and the office complex converted from the failed Allegheny Center Mall.

The neighborhood’s seclusion from the rest of the North Side, as well as its apartment-dweller exclusivity, might be part of the reason for its 6.88 percent yearly increase in lease prices.

2. North Shore

North Shore

  • Price increase over the past year: 7.75 percent
  • Average rent for one-bedroom in North Shore: $1,697
  • Average rent for one-bedroom in Pittsburgh: $1,281

As its name implies, North Shore is exactly that: The north shore of the Allegheny River, the length of the waterfront south of I-379. But what makes the neighborhood somewhere special for residents are the neighbors, the Pittsburgh Pirates and the Pittsburgh Steelers.

North Shore is a small strip with a big profile, featuring not only Heinz Field and PNC Park, but also dozens of bars and restaurants filled with fans coming to and from the game, as well as the Andy Warhol Museum and Mr. Rodgers Memorial.

The Three Rivers Heritage Trail running and biking path snakes along the riverside, and a quintet of walkable bridges that spill right into downtown are at your doorstep: Fort Duquesne (I-279), Roberto Clemente (6th Street), Andy Warhol (7th Street), Rachel Carson (9th Street) and David McCullough (16th Street) bridges.

There are several mixed-use buildings with rental availabilities and lofts with ground floor retail, as well as waterfront apartment complexes in North Shore. But to be next door to major league stadiums and have incredible views of the downtown skyline across the river, it’s going to cost you. One of the priciest neighborhoods in Yinzerland, North Shore was up 7.75 percent from a year ago.

Related: The Most Affordable Major League Baseball Cities

1. North Side

North Side

  • Price increase over the past year: 9.79 percent
  • Average rent for one-bedroom in North Side: $1,406
  • Average rent for one-bedroom in Pittsburgh: $1,281

Including the aforementioned North Shore and Allegheny Center neighborhoods, the grand section of Pittsburgh known as the North Side includes all of the land within the city limits north of the Allegheny River.

It encompasses the urban areas along the Ohio River, the recreational hamlet of Brighton Heights, the historic district of Old Allegheny, the wooded expanse of Riverview Park, as well as seven of Pittsburgh’s hills.

Living north of the three rivers offers a stable, residential experience with a variety of housing styles. Single-family rentals, apartment complexes, apartment buildings and duplexes are all widely available depending on neighborhood and neighborhood type.

But most of the availabilities are interspersed among historic sites, retail and food and drink pockets mostly along the southern end in neighborhoods such as Manchester, Troy Hill, Marshall-Shadeland and the Alleghenys closer to downtown.

There’s also plenty to do and see living nearby on the North Side. Residents can take in fine art at the Randyland and Mattress Factory museums in the Mexican War Streets neighborhood, toss some chips at the Rivers Casino in Chateau and hike, bike and even ride an equestrian path in the vast Riverview Park in Perry North that also contains the historic Allegheny Observatory.

The closer to the confluence you are, the higher the rents on the North Side. But overall on average, a one-bedroom apartment in this part of the city increased greater than any other year-to-year, up 9.79 percent.

Methodology

We looked at all neighborhoods in Pittsburgh with sufficient available inventory on Apartment Guide and Rent.com and compared the average price from May 2018 to May 2019 to find the neighborhoods with the highest percentage increase in one-bedroom apartment prices.

The current rent information included in this article is based on May 2019 multifamily rental property inventory on ApartmentGuide.com and Rent.com and is used for illustrative purposes only. The data contained herein does not constitute financial advice or a pricing guarantee for any apartment.

Header Photo by Vidar Nordli-Mathisen on Unsplash
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Michael HochmanMichael is a Philadelphia-based writer with a variety of interests, including music, TV, politics, travel, and sports (Fly Eagles Fly!). His background includes a decade as a programming executive in network television, six years as a marketing executive at a technology company, and time at two magazines and two advertising agencies. He also sits on the board of a non-profit law firm that assists veterans with disabilities. Michael is a proud Syracuse grad (Newhouse) who has lived in Kansas, Chicago, Saratoga and beyond.

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