How much does it cost to rent in Malvern, PA?

As of August 2026, the median monthly rent in Malvern, PA is $2,464. This figure is based on aggregated data from public sources and community-submitted rents.

Is Malvern cheaper than other Pennsylvania cities?

Malvern is one of the pricier cities in Pennsylvania, ranking #15 out of 169 cities tracked at $2,464/mo.

When was Malvern rent data last updated?

Malvern rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Malvern, PA?

HUD sets the Fair Market Rent for a two-bedroom home in Malvern, PA at $2,480 per month, which is close to the $2,464 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · PA

Malvern

Name: Average Rent Prices in Malvern, PA
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 3,435·15th most expensive in Pennsylvania·Malvern rents are up 7.2% over the past year

Median rent (all units)

$2,464/mo

Year-over-Year

+7.2%

Month-over-Month

+6.8%

vs US Median

+$502

Rising (Monthly)

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Most AffordableMost Expensive

Malvern · $2,464

More expensive than 78% of US cities · National median $1,962/mo

Rent Reality Score

51/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Malvern's 10-year trend predicts.

Actual rent

$2,464/mo

Expected by trend

$2,475/mo

The Rent Reality Score compares today's median rent to where Malvern's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,890

1 BR

$2,080

2 BR

$2,480

3 BR

$2,990

4 BR+

$3,400

Fair Market Rent (HUD)

$2,480/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,464 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

Loading…

Last updated: August 17, 2026

Annual cost

$29,568/yr

At $2,464/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.2% YoY, +6.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Malvern, PA is majority owner-occupied, has a large retiree population, has a median income above the national average, 69.5% of residents hold a bachelor's degree or higher.

Population

3,435

Median income

$117,548

Median age

46.4

Renters

44.5%

Age distribution

19.9%

16.4%

25.9%

17.5%

20.1%

Under 1819.9%

18–3416.4%

35–5425.9%

55–6417.5%

65+20.1%

Gender

47%

53%

Male47%

Female53%

Race & ethnicity

86.1%

White86.1%

Black1.6%

Hispanic4.3%

Asian8.4%

Education (25+)

12.5%

16.9%

69.5%

No HS diploma1.1%

HS diploma12.5%

Some college16.9%

Bachelor's+69.5%

Housing tenure

55.5%

44.5%

Owner55.5%

Renter44.5%

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

2021 vs 2026

How Malvern, PA has changed in 5 years

Rent

$1,736 → $2,464

up 41.9%

Income

$110,179 → $117,548

up 6.7%

Population

3,368 → 3,435

up 2.0%

Renter share

44.6% → 44.5%

-0.1 pts

Bachelor's+

65.9% → 69.5%

+3.6 pts

Median age

42.7 → 46.4

+3.7 yrs

Compared with 2021, rent in Malvern, PA has increased by $728 per month, settling near $2,464 after starting the period at $1,736. Local incomes tracked alongside that move, going from a median of $110,179 in 2021 to $117,548 more recently. Rent outpaced income growth by roughly 35.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 3,368 to 3,435 between 2021 and 2024, a 2.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 65.9% to 69.5%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Malvern, PA market of 2021.

Community

Discussions about Malvern

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View Malvern rent history (2015–2026) →

Salary vs rent

Can you afford rent in Malvern on your salary?

At $2,464/mo, how Malvern rent compares to typical pay (30% rule).

Registered Nurse

Avg $93,535/yr · Rent = 31.6% income

stretched

Elementary School Teacher

Avg $66,409/yr · Rent = 44.5% income

rent-burdened

Police Officer

Avg $76,497/yr · Rent = 38.7% income

stretched

Software Developer

Avg $136,729/yr · Rent = 21.6% income

affordable

Lawyer

Avg $174,705/yr · Rent = 16.9% income

very comfortable

Firefighter

Avg $62,182/yr · Rent = 47.6% income

rent-burdened

Truck Driver

Avg $56,143/yr · Rent = 52.7% income

severely rent-burdened

Electrician

Avg $69,201/yr · Rent = 42.7% income

rent-burdened

By apartment size

Malvern rent by bedroom count

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

Local insights

Tips for renters in Malvern

About renting in Malvern, PA

Last updated: August 17, 2026

The median rent in Malvern is $2,464/mo as of August 2026. A studio apartment averages $1,890/mo while a 2-bedroom runs $2,480/mo. One-bedroom apartments average $2,080/mo and 3-bedroom units go for $2,990/mo.

At 25% of local median household income ($117,548/yr), Malvern ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.2% over the past year.

FAQ

Frequently asked questions

Is Malvern an affordable city for renters?

Malvern is considered affordable for renters. At $2,464/mo, rent takes approximately 25% of the local median household income ($117,548/yr). The standard benchmark is 30%. Malvern falls comfortably within that range.

How much income do you need to rent in Malvern?

To keep rent at or below 30% of gross income, you would need to earn at least $99,000/year (~$48/hour full-time) to afford the median rent of $2,464/mo in Malvern. The local median household income is $117,548/yr, meaning the typical Malvern household meets that threshold.

Is rent going up or down in Malvern?

Rent in Malvern has increased 7.2% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Malvern rent compare to other cities in Pennsylvania?

Malvern is one of the pricier cities in Pennsylvania for rent, ranking #15 out of 169 tracked cities at $2,464/mo.

Which nearby cities are cheaper to rent in than Malvern?

Several nearby cities have lower median rents than Malvern ($2,464/mo): Devon ($1,954/mo), Phoenixville ($2,170/mo), West Chester ($2,236/mo).

What percentage of Malvern residents rent vs. own?

According to Census data, approximately 44.5% of Malvern households are renters, while 55.5% are owner-occupied. Malvern leans toward homeownership, which can mean a smaller rental inventory.

How does Malvern rent compare to the national average?

Malvern's median rent of $2,464/mo is $502 (26%) above the US national median of $1,962/mo. Within Pennsylvania, it ranks #15 out of 169 tracked cities.

Income Affordability

25%

AFFORDABLE

At $2,464/mo, rent takes ~25% of Malvern's median household income ($117,548/yr). The standard benchmark is 30%.

Malvern 25%Benchmark 30%

State income tax3.07%

Run the Malvern affordability calculator →

Nearby cities