At $1,500/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,500 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 →
12-month history
Last updated: September 25, 2026
What the numbers show
30% of the median household income ($63,077) is $1,577 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,520); a 3-bedroom is $1,830.
From Zillow's monthly rent index (ZORI) for Prospect Park. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Prospect Park, PA is majority owner-occupied, skews toward younger working-age adults, has a median income below the national average, 22.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Prospect Park, PA has changed in 5 years
On the earnings side, the typical household in Prospect Park, PA now reports about $63,077, up from $63,515 in 2021. Renters now make up 42% of households, compared with 39.8% five years ago. College-educated residents now make up 22.9% of adults here, versus 26.7% in 2021.
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Can you afford rent in Prospect Park on your salary?
At $1,500/mo, how Prospect Park rent compares to typical pay (30% rule).
Prospect Park rent by bedroom count
Median rent for each apartment size in Prospect Park. Click any size for full breakdown.
Tips for renters in Prospect Park
Last updated: September 25, 2026
The median rent in Prospect Park is $1,500/mo as of September 2026. A studio apartment averages $1,160/mo while a 2-bedroom runs $1,520/mo. One-bedroom apartments average $1,280/mo and 3-bedroom units go for $1,830/mo.
At 29% of local median household income ($63,077/yr), Prospect Park ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Prospect Park?
Is rent going up or down in Prospect Park?
How does Prospect Park rent compare to other cities in Pennsylvania?
Which nearby cities are cheaper to rent in than Prospect Park?
At $1,500/mo, rent takes ~29% of Prospect Park's median household income ($63,077/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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