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Rent Inflation in Pittsburgh, PA

The average asking rent in Pittsburgh, PA is $1,527/month as of 2026-05. That is +4% compared to a year ago.

Source: Zillow Observed Rent Index (ZORI) | zillow.com/research

Current Avg Rent

$1,527/mo

as of 2026-05

Year-over-Year Change

+4%

24-Month Rent Trend

Monthly ZORI index values for Pittsburgh, PA.

Month Avg Asking Rent Change from Prior Month
2026-05 $1,527 +0.73%
2026-04 $1,516 +0.66%
2026-03 $1,506 +0.60%
2026-02 $1,497 +0.20%
2026-01 $1,494 +0.34%
2025-12 $1,489 -0.13%
2025-11 $1,491 +0.27%
2025-10 $1,487 -0.20%
2025-09 $1,490 +0.00%
2025-08 $1,490 +0.13%
2025-07 $1,488 +0.54%
2025-06 $1,480 +0.82%
2025-05 $1,468 +0.62%
2025-04 $1,459 +0.69%
2025-03 $1,449 +0.56%
2025-02 $1,441 +0.42%
2025-01 $1,435 +0.28%
2024-12 $1,431 +0.07%
2024-11 $1,430 -0.28%
2024-10 $1,434 +0.07%
2024-09 $1,433 +0.07%
2024-08 $1,432 +0.42%
2024-07 $1,426 +0.49%
2024-06 $1,419

Why Rent Inflation Matters

Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.

When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.

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Data Source

Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices