What is the median rent in Cheltenham Township, PA?
The median gross rent in Cheltenham Township, PA is $1,608 (±$76) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 5,404 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Cheltenham Township, the median gross rent went from $1,180 in 2015–2019 to $1,608 in 2020–2024 (+36.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median gross rent
- $1,608 (±$76)
- Rented homes
- 5,404 (±443)
- $2,000 or more
- 22.7%
- Since 2015–2019
- +36.3%
How much rent costs in Cheltenham Township
| Monthly gross rent | Cheltenham Township | Montgomery County | Pennsylvania | United States |
|---|---|---|---|---|
| Less than $500 | 0.6% (±0.9 points) | 3.0% | 8.3% | 6.3% |
| $500 to $999 | 7.3% (±2.8 points) | 8.5% | 26.4% | 20.2% |
| $1,000 to $1,499 | 34.6% (±6.1 points) | 27.6% | 32.9% | 28.1% |
| $1,500 to $1,999 | 34.8% (±6.6 points) | 29.5% | 19.3% | 21.1% |
| $2,000 to $2,499 | 17.2% (±5.3 points) | 16.8% | 7.7% | 12.0% |
| $2,500 to $2,999 | 3.2% (±2.0 points) | 7.3% | 2.6% | 5.5% |
| $3,000 or more | 2.3% (±1.4 points) | 7.2% | 2.8% | 6.8% |
The most common range is $1,500 to $1,999, paid by 34.8% of renting households.
22.7% of rented homes in Cheltenham Township cost $2,000 or more a month.
Cheltenham Township against Montgomery County, its state and the nation
| Cheltenham Township | Montgomery County | Pennsylvania | United States | |
|---|---|---|---|---|
| Median gross rent | $1,608 (±$76) | $1,683 (±$19) | $1,209 (±$5) | $1,413 |
| Rented homes paying rent | 5,404 (±443) | 92,603 (±2,032) | 1,530,443 (±10,042) | 42,849,984 |
In Cheltenham Township, median gross rent is not measurably different from Montgomery County ($1,683).
It is also higher than in Pennsylvania ($1,209).
It is higher than the national figure ($1,413).
In Montgomery County, Cheltenham Township ranks 31 of 62 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 174 of 2,369.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Cheltenham Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,180 (±$36) | $1,608 (±$76) | +36.3% | Up after inflation |
| Households that rent | 35.9% (±1.9 points) | 37.4% (±2.7 points) | +1.5 percentage points | Not a measurable change |
| Rental vacancy rate | 9.8% (±2.9 points) | 4.0% (±3.3 points) | −5.8 percentage points | Measurable decrease |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Cheltenham Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Cheltenham Township | — | $1,608 (±$76) | — |
| Jenkintown | 1.3 mi | $1,418 (±$138) | Lower |
| McKinley | 1.5 mi | $2,096 (±$1,306) | Not measurably different |
| Glenside | 1.9 mi | $1,431 (±$270) | Not measurably different |
| Rockledge | 2.6 mi | $1,111 (±$95) | Lower |
| Abington Township | 2.8 mi | $1,493 (±$105) | Not measurably different |
| Wyndmoor | 3.0 mi | $1,464 (±$168) | Not measurably different |
| Oreland | 3.4 mi | $1,261 (±$174) | Lower |
| Springfield Township (Montgomery County) | 3.6 mi | $1,578 (±$121) | Not measurably different |
Nearby places with a measurably lower figure: Jenkintown, PA ($1,418), Rockledge, PA ($1,111), Oreland, PA ($1,261).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Montgomery County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 25 | Lower Salford Township | $1,719 (±$109) |
| 26 | Lower Frederick Township | $1,664 (±$211) |
| 27 | Lower Providence Township | $1,637 (±$155) |
| 28 | Upper Moreland Township | $1,634 (±$62) |
| 29 | Lower Pottsgrove Township | $1,625 (±$234) |
| 30 | Perkiomen Township | $1,619 (±$267) |
| 31 | Cheltenham Township | $1,608 (±$76) |
| 32 | Hatfield Township | $1,602 (±$90) |
| 33 | Springfield Township (Montgomery County) | $1,578 (±$121) |
| 34 | Horsham Township | $1,573 (±$178) |
| 35 | Bryn Athyn | $1,571 (±$306) |
| 36 | Salford Township | $1,536 (±$560) |
| 37 | Royersford | $1,516 (±$113) |
Showing 13 of 62 places in Montgomery County, ranked from highest to lowest.
The figures for Cheltenham Township include the places inside it that have pages of their own: Cheltenham Village, Elkins Park, Melrose Park, Oak Lane, Wyncote.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Cheltenham Township
What is the average rent in Cheltenham Township, PA?
The Census Bureau publishes the median rather than the average: the median gross rent in Cheltenham Township is $1,608 (±$76) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Cheltenham Township?
In Cheltenham Township, the median gross rent went from $1,180 in 2015–2019 to $1,608 in 2020–2024 (+36.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
How many rentals in Cheltenham Township cost more than $2,000 a month?
22.7% of rented homes in Cheltenham Township have a gross rent of $2,000 or more a month, and 0.6% cost less than $500.
Is rent in Cheltenham Township higher than in Montgomery County?
In Cheltenham Township, median gross rent is not measurably different from Montgomery County ($1,683).
It is also higher than in Pennsylvania ($1,209).
It is higher than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cheltenham township, Montgomery County, Pennsylvania
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Cheltenham township, Montgomery County, Pennsylvania
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Cheltenham township, Montgomery County, Pennsylvania
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Cheltenham township, Montgomery County, Pennsylvania (county subdivision:12968, in state:42 county:091).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Fair Market Rent in Cheltenham Township
- Pennsylvania landlord and tenant rules
- Housing across Montgomery County
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- Housing data for every place in Pennsylvania