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City Report · PA

Elkins Park

Pop. 7,213·54th most expensive in Pennsylvania·Rental market data updated monthly for Elkins Park, PA
Median rent (all units)
$1,937/mo
Year-over-Year
+4.8%
Month-over-Month
-0.1%
vs US Median
-$25
Stable (Monthly)
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Most AffordableMost Expensive
Elkins Park · $1,937
More expensive than 55% of US cities · National median $1,962/mo
Affordability
18% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,937/mo, rent takes about 18% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$77,000/yr
Local median income
$129,852/yr
Based on the 30%-of-income rule using Elkins Park's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,340
1 BR
$1,480
2 BR
$1,760
3 BR
$2,120
4 BR+
$2,410
Fair Market Rent (HUD)
$1,760/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,937 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$23,244/yr
At $1,937/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.8% YoY, -0.1% MoM), not inventory.
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Demographics

Who lives here

Elkins Park, PA is majority owner-occupied, has a large retiree population, has a median income above the national average, 71.3% of residents hold a bachelor's degree or higher.

Population
7,213
Median income
$129,852
Median age
52.3
Renters
19.8%
Age distribution
14.5%
15.4%
23.3%
18.2%
28.7%
Under 1814.5%
18–3415.4%
35–5423.3%
55–6418.2%
65+28.7%
Gender
45.6%
54.4%
Male45.6%
Female54.4%
Race & ethnicity
59.6%
27.9%
White59.6%
Black27.9%
Hispanic6.4%
Asian5.6%
Education (25+)
17%
71.3%
No HS diploma1%
HS diploma10.8%
Some college17%
Bachelor's+71.3%
Housing tenure
80.2%
19.8%
Owner80.2%
Renter19.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Elkins Park, PA has changed in 5 years

Income
$111,826 → $129,852
up 16.1%
Population
6,805 → 7,213
up 6.0%
Renter share
24.6% → 19.8%
-4.8 pts
Bachelor's+
70.3% → 71.3%
+1.0 pts
Median age
50 → 52.3
+2.3 yrs

Median household income grew from $111,826 to $129,852 between 2021 and 2024, a 16.1% shift. Headcount in the area went from 6,805 to 7,213 between 2021 and 2024, a 6.0% change. About 19.8% of households rent today, against 24.6% in 2021.

Community

Discussions about Elkins Park

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View Elkins Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in Elkins Park on your salary?

At $1,937/mo, how Elkins Park rent compares to typical pay (30% rule).

By apartment size

Elkins Park rent by bedroom count

Median rent for each apartment size in Elkins Park. Click any size for full breakdown.

Local insights

Tips for renters in Elkins Park

About renting in Elkins Park, PA

Last updated: August 17, 2026

The median rent in Elkins Park is $1,937/mo as of August 2026. A studio apartment averages $1,340/mo while a 2-bedroom runs $1,760/mo. One-bedroom apartments average $1,480/mo and 3-bedroom units go for $2,120/mo.

At 18% of local median household income ($129,852/yr), Elkins Park ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.

FAQ

Frequently asked questions

Is Elkins Park an affordable city for renters?

Elkins Park is considered very affordable for renters. At $1,937/mo, rent takes approximately 18% of the local median household income ($129,852/yr). The standard benchmark is 30%. Elkins Park falls comfortably within that range.

How much income do you need to rent in Elkins Park?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (~$37/hour full-time) to afford the median rent of $1,937/mo in Elkins Park. The local median household income is $129,852/yr, meaning the typical Elkins Park household meets that threshold.

Is rent going up or down in Elkins Park?

Rent in Elkins Park has increased 4.8% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Elkins Park rent compare to other cities in Pennsylvania?

Elkins Park is one of the pricier cities in Pennsylvania for rent, ranking #54 out of 169 tracked cities at $1,937/mo.

Which nearby cities are cheaper to rent in than Elkins Park?

Several nearby cities have lower median rents than Elkins Park ($1,937/mo): Abington ($1,651/mo), Jenkintown ($1,656/mo), Glenside ($1,716/mo).

What percentage of Elkins Park residents rent vs. own?

According to Census data, approximately 19.8% of Elkins Park households are renters, while 80.2% are owner-occupied. Elkins Park leans toward homeownership, which can mean a smaller rental inventory.

How does Elkins Park rent compare to the national average?

Elkins Park's median rent of $1,937/mo is $25 (1%) below the US national median of $1,962/mo. Within Pennsylvania, it ranks #54 out of 169 tracked cities.
Income Affordability
18%
VERY AFFORDABLE

At $1,937/mo, rent takes ~18% of Elkins Park's median household income ($129,852/yr). The standard benchmark is 30%.

Elkins Park 18%Benchmark 30%
State income tax3.07%
Run the Elkins Park affordability calculator →
Lowest-rent ZIP codes in Elkins Park
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Elkins Park, PA

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