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RentData.org Logo Lancaster Fair Market Rent FY 2018 Lancaster, PA MSA Rental Data

Fair Market Rent Prices in Lancaster, PA :
$661 $788 $994 $1,268 $1,354
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Lancaster are high compared to the national average. This FMR area is more expensive than 88% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lancaster is $994 per month.

The previous year, rent for a two-bedroom home was $944 per month. This is a 5.3% increase year-over-year.

This FMR rate applies to Penryn, PA, Goodville, PA, Intercourse, PA, Bart, PA, Bausman, PA, Lampeter, PA, Rheems, PA, Refton, PA, Hopeland, PA, Elm, PA and other cities within the region. The Metro Code or CBSA code for this region is METRO29540M29540.

Additionally, This Fair Market Rent (FMR) area Lancaster, PA MSA spans one county or city in Pennsylvania which is listed in the table below. Estimated population of Lancaster, PA MSA FMR area is 519,445 people based on latest Census data.

Compared to the rest of Pennsylvania, the Lancaster FMR area is more expensive than 88% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Lancaster. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lancaster

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 707
1-BR 1-Bedroom $ 842
2-BR 2-Bedroom $ 1062
3-BR 3-Bedroom $ 1355
4-BR 4-Bedroom $ 1446
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Lancaster, PA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Harrisburg - Lncstr - Leb - York.

County / Region Est. Population
Lancaster, PA Metro 519,445
Zip Codes in Lancaster, PA MSA

There are 63 unique zip codes in this Fair Market Rent (FMR) area:

17314, 17501, 17502, 17503, 17504, 17505, 17506, 17507, 17508, 17509, 17512, 17516, 17517, 17518, 17519, 17520, 17521, 17522, 17528, 17529, 17532, 17533, 17534, 17535, 17536, 17537, 17538, 17540, 17543, 17545, 17547, 17550, 17551, 17552, 17554, 17557, 17560, 17562, 17563, 17564, 17565, 17566, 17567, 17568, 17570, 17572, 17575, 17576, 17578, 17579, 17580, 17581, 17582, 17584, 17585, 17601, 17602, 17603, 17604, 17605, 17608, 17699 and 19501

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