Mt. Lebanon, PA
August 2026
15216,15228
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $984 – $1,045 | -6.32% | 0.50% |
| 2-Bedroom | $1,278 – $1,357 | -5.02% | -1.90% |
| 3-Bedroom | $1,626 – $1,709 | -5.90% | -1.73% |
| 4-Bedroom | $2,044 – $2,180 | -0.49% | 3.89% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,099 – $1,132 | -0.08% | -1.39% |
| 2-Bedroom | $1,405 – $1,468 | 1.86% | 5.26% |
| 3-Bedroom | $1,755 – $1,883 | -9.36% | -8.60% |
| 4-Bedroom | $2,182 – $2,285 | 0.12% | 4.40% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,243 – $1,299 | 0.60% | 3.99% |
| 2-Bedroom | $1,430 – $1,473 | -0.09% | 1.73% |
| 3-Bedroom | $1,781 – $1,872 | -2.15% | -0.80% |
| 4-Bedroom | $2,031 – $2,135 | -4.74% | -2.27% |
In the Mt. Lebanon (15216, 15228) rental market, 2-bedroom condos and townhomes reached a median rent of $1,437, marking a 5.26% increase year-over-year for August 2026. This contrasts sharply with 2-bedroom apartments, which fell 1.90% annually to $1,317, illustrating differing segment trajectories.
Across Mt. Lebanon (15216, 15228), 1-bedroom apartments saw rents drop 6.32% month-over-month, reaching $1,014—the largest MoM decrease among tracked segments. Entry-level apartment pricing is facing significant downward adjustment as of the August report.
The gap revealed by Mt. Lebanon (15216, 15228) rental trends shows 4-bedroom condos and townhomes achieved a median rent of $2,219, outpacing 4-bedroom single-family homes by $136. Larger condo units are commanding a premium over single-family properties in the latest data.