What is the median rent in Lower Merion Township, PA?

Name: Median rent in Lower Merion Township, PA, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Lower Merion Township, PA is $1,893 (±$68) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 5,753 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Lower Merion Township, the median gross rent went from $1,541 in 2015–2019 to $1,893 in 2020–2024 (+22.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $1,893 (±$68)
Rented homes: 5,753 (±407)
$2,000 or more: 42.8%
Since 2015–2019: +22.8%

How much rent costs in Lower Merion Township

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Lower Merion Township	Montgomery County	Pennsylvania	United States
Less than $500	2.8% (±1.6 points)	3.0%	8.3%	6.3%
$500 to $999	4.2% (±2.4 points)	8.5%	26.4%	20.2%
$1,000 to $1,499	16.5% (±3.9 points)	27.6%	32.9%	28.1%
$1,500 to $1,999	33.7% (±4.5 points)	29.5%	19.3%	21.1%
$2,000 to $2,499	19.3% (±4.6 points)	16.8%	7.7%	12.0%
$2,500 to $2,999	9.3% (±2.3 points)	7.3%	2.6%	5.5%
$3,000 or more	14.2% (±2.8 points)	7.2%	2.8%	6.8%

The most common range is $1,500 to $1,999, paid by 33.7% of renting households.

42.8% of rented homes in Lower Merion Township cost $2,000 or more a month.

Lower Merion Township against Montgomery County, its state and the nation

Estimate (90% margin of error)
	Lower Merion Township	Montgomery County	Pennsylvania	United States
Median gross rent	$1,893 (±$68)	$1,683 (±$19)	$1,209 (±$5)	$1,413
Rented homes paying rent	5,753 (±407)	92,603 (±2,032)	1,530,443 (±10,042)	42,849,984

In Lower Merion Township, median gross rent is higher than in 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, Lower Merion Township ranks 16 of 62 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 84 of 2,369.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Lower Merion Township has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,541 (±$63)	$1,893 (±$68)	+22.8%	No measurable change after inflation
Households that rent	26.3% (±1.2 points)	25.3% (±1.5 points)	−1.0 percentage points	Not a measurable change
Rental vacancy rate	3.4% (±1.7 points)	2.9% (±1.7 points)	−0.5 percentage points	Not a measurable change

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 Lower Merion Township

Nearest places with a published estimate, compared with Lower Merion Township
Place	Distance	Median gross rent	Compared with this place
Lower Merion Township	—	$1,893 (±$68)	—
Narberth	1.7 mi	$1,823 (±$346)	Not measurably different
Haverford College	2.1 mi	$1,244 (±$375)	Lower
West Conshohocken	3.5 mi	$2,270 (±$461)	Not measurably different
Conshohocken	3.5 mi	$2,147 (±$125)	Higher
Haverford Township	3.6 mi	$1,766 (±$236)	Not measurably different
Millbourne	4.8 mi	$1,016 (±$112)	Lower
Swedeland	4.9 mi	$2,132 (±$567)	Not measurably different
Radnor Township	5.0 mi	$1,927 (±$90)	Not measurably different

Nearby places with a measurably lower figure: Haverford College, PA ($1,244), Millbourne, PA ($1,016).

Nearby places with a measurably higher figure: Conshohocken, PA ($2,147).

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
10	Upper Providence Township (Montgomery County)	$2,125 (±$238)
11	Upper Merion Township	$2,087 (±$74)
12	Montgomery Township (Montgomery County)	$2,076 (±$218)
13	Upper Dublin Township	$1,961 (±$130)
14	Hatboro	$1,911 (±$146)
15	Franconia Township	$1,897 (±$247)
16	Lower Merion Township	$1,893 (±$68)
17	Trappe	$1,865 (±$592)
18	Limerick Township	$1,846 (±$150)
19	Narberth	$1,823 (±$346)
20	Marlborough Township	$1,811 (±$522)
21	Plymouth Township (Montgomery County)	$1,765 (±$58)
22	Towamencin Township	$1,753 (±$134)

Showing 13 of 62 places in Montgomery County, ranked from highest to lowest.

The figures for Lower Merion Township include the places inside it that have pages of their own: Ardmore, Bala Cynwyd, Bryn Mawr, Merion Station, Penn Wynne, Rosemont, Wynnewood.

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 Lower Merion Township

What is the average rent in Lower Merion Township, PA?

The Census Bureau publishes the median rather than the average: the median gross rent in Lower Merion Township is $1,893 (±$68) 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 Lower Merion Township?

In Lower Merion Township, the median gross rent went from $1,541 in 2015–2019 to $1,893 in 2020–2024 (+22.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Lower Merion Township cost more than $2,000 a month?

42.8% of rented homes in Lower Merion Township have a gross rent of $2,000 or more a month, and 2.8% cost less than $500.

Is rent in Lower Merion Township higher than in Montgomery County?

In Lower Merion Township, median gross rent is higher than in 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

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 Lower Merion township, Montgomery County, Pennsylvania (county subdivision:44976, 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.

Request a Census API 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.