$4,900 Per Month
- 3 Beds
- 2.5 Baths
- 2,440 Sq Ft
- Townhouse for Rent
563 Gramercy Ln Unit 5355, Downingtown, PA 19335
563 Gramercy Ln Unit 5355, Downingtown, PA 19335
Frequently Asked Questions
How much does it cost to rent a home in Downingtown, PA?
The median rent for a home in Downingtown, PA is $3,000 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Downingtown, PA?
To comfortably afford the median rent in Downingtown, PA, a household needs to earn roughly $120,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,000 per month in Downingtown, PA, renters typically need to show $9,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Downingtown, PA?
In Downingtown, PA, the price-to-rent ratio is 14.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
