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Studio Apartments for Rent in Penn Valley, PA

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    Starting at $1,470 Per Month

    • Studio - 3 Beds

    214 Price Ave, Narberth, PA 19072

    Situated in Narberth, Pennsylvania, Montgomery Court apartments are located in the prestigious Lower Merion school district with easy access to St. Joseph’s University and Philadelphia College of Osteopathic Medicine. Studio, one-, two-, and three-bedroom apartment homes feature hardwood floors, stainless steel appliances, revitalized kitchens with brand new cabinets and flooring, as well as

    Montgomery Court

    214 Price Ave, Narberth, PA 19072
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    $1,700

    Total Monthly Price

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    108 Forrest Ave Unit 1, Narberth, PA 19072

    *Prime Location – Steps from downtown Narberth, PA, with easy access to coffee shops, restaurants, and boutiques.*Effortless Commuting – Just one block from the Narberth Train Station for easy travel and weekend getaways.*Top-Tier Education – Located in the esteemed Lower Merion School District, known for exceptional schools.*Modern Living – Stylish apartments with freshly

    108 Forrest Ave Unit 1, Narberth, PA 19072

Why Live in Penn Valley

Penn Valley, PA, is a serene community located along the Schuylkill River within Philadelphia’s prestigious Main Line. Known for its privacy, the area features single-family homes on spacious lots averaging just under three-quarters of an acre. Architectural styles include French Country estates, brick Colonial Revivals, and sprawling ranch-style homes, with new traditional homes built in the early 2020s. The Oak Hill Condominium Association offers condos with river views. The Lower Merion School District serves the community with highly rated schools such as Penn Valley Elementary School, Welsh Valley Middle School, Lower Merion High School, and Harriton Senior High School. The Haverford School provides a private education option. Penn Valley’s lush parks, including Rolling Hill Park and Flat Rock Park, offer trails, meadows, and river access for outdoor activities. Sabine Park features a playground for children. While Penn Valley lacks a town center, Montgomery Avenue serves as the local business district with dining options like A La Mousse and Kismet Bagels Luncheonette, and grocery shopping at ACME Markets. The community is conveniently located near Interstate 76, providing a 12-mile commute to Center City, Philadelphia’s central business district. Residents can also access train services in nearby Narberth. Annual events such as the Narberth Dickens Festival add to the local charm. Penn Valley is safer than the national average, contributing to its appeal as a residential area.

Frequently Asked Questions

How much does it cost to rent a home in Penn Valley, PA?
The median rent for a home in Penn Valley, PA is $2,900 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Penn Valley, PA?
To comfortably afford the median rent in Penn Valley, PA, a household needs to earn roughly $116,000 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 $2,900 per month in Penn Valley, PA, renters typically need to show $8,700 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 Penn Valley, PA?
In Penn Valley, PA, the price-to-rent ratio is 22.7, 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.
What neighborhoods in Penn Valley, PA are best for renting a home?
The best neighborhood for renting in Penn Valley, PA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Rittenhouse Square, Overbrook, Wynnefield Heights, East Falls and Germantown, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,900
Median Single Family Home Rent
$4,650
Median Townhouse Rent
$2,848
Median Condo Rent
$2,125
How to Rent a Home