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Rent Inflation in Pittsburgh, PA

The average asking rent in Pittsburgh, PA is $1,499/month as of 2026-07. That is +3.4% compared to a year ago.

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

Current Avg Rent

$1,499/mo

as of 2026-07

Year-over-Year Change

+3.4%

24-Month Rent Trend

Monthly ZORI index values for Pittsburgh, PA.

Month Avg Asking Rent Change from Prior Month
2026-07 $1,499 +0.20%
2026-06 $1,496 +0.40%
2026-05 $1,490 +0.74%
2026-04 $1,479 +0.61%
2026-03 $1,470 +0.62%
2026-02 $1,461 +0.27%
2026-01 $1,457 +0.34%
2025-12 $1,452 -0.14%
2025-11 $1,454 +0.28%
2025-10 $1,450 -0.14%
2025-09 $1,452 +0.07%
2025-08 $1,451 +0.07%
2025-07 $1,450 +0.42%
2025-06 $1,444 +0.84%
2025-05 $1,432 +0.56%
2025-04 $1,424 +0.71%
2025-03 $1,414 +0.57%
2025-02 $1,406 +0.43%
2025-01 $1,400 +0.21%
2024-12 $1,397 +0.07%
2024-11 $1,396 -0.21%
2024-10 $1,399 +0.07%
2024-09 $1,398 +0.07%
2024-08 $1,397

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