$1,500 Per Month
- 3 Beds
- 1 Bath
- 1,200 Sq Ft
- Apartment for Rent
49-51 E Parker St, Scranton, PA 18509
49-51 E Parker St, Scranton, PA 18509
Frequently Asked Questions
How much does it cost to rent a home in Scranton, PA?
The median rent for a home in Scranton, PA is $1,350 per month, though prices vary by neighborhood, size, and property type. As of July 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 Scranton, PA?
To comfortably afford the median rent in Scranton, PA, a household needs to earn roughly $54,000 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 $1,350 per month in Scranton, PA, renters typically need to show $4,050 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 Scranton, PA?
In Scranton, PA, the price-to-rent ratio is 12.1, 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 Scranton, PA are best for renting a home?
The best neighborhood for renting in Scranton, PA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown Scranton, South Side, Hyde Park, Hill Section and Pine Brook, each with its own character and price range.
