The average monthly rent of apartments in Jenkintown, PA is $1,870.
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Rental prices in Jenkintown, PA have increased by 2.6% over the past year. The average rent moved from $1,823 to $1,870.
Compared to the national average rent of $1,741, the average rent in Jenkintown, PA is $1,870.
The average monthly rent of apartments in Jenkintown, PA is $1,870.
About 17% of apartment rents in Jenkintown, PA range between $2,001-$2,500. Meanwhile, apartments around $2,501-$3,000 represent 8% of apartments. Around 34% of Jenkintown’s apartments are in the $1,501-$2,000 price range. 38% of apartments are priced between $1,001-$1,500. A share of 3% of apartment rentals in Jenkintown are in the > $3,000 range.
The largest share of rentals in Jenkintown, PA (38%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Jenkintown, PA is $1,812.
In Jenkintown, 33% of the residents are renting compared to 67% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 37% of Jenkintown's rentals, 63% are small-scale complexes with under 50 units, and none are single-family rentals.
The average age of rental buildings in Jenkintown is 30 years old, with 53% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 11 stories, of which 27% are garden-style apartment communities, 20% are mid-sized buildings, and 53% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Studio apartments in Jenkintown are around 3% of rentals, while 1-bedroom floor plans represent 48% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 33% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Located a mere 10 miles north of downtown Philadelphia, Jenkintown, PA, offers many of the amenities renters are looking for when searching for a rental apartment - a friendly community; a safe environment; and, of course, easy access to the excitement and job opportunities that can be found in the City of Brotherly Love. Renters with children will also have access to a well-rated public school district and numerous family-friendly amenities, like the historic Hiway Theater. Jenkintown is also recognized for its charming architecture, with numerous, lovingly preserved buildings dating back to the 19th century, as well as its wide array of restaurants and art galleries. However, renters moving to Jenkintown should beware that the cost of living in this idyllic small town is slightly above the national average, placing it well above the average for the rest of Pennsylvania. Finally, renters in Jenkintown will be able to brag that they live in the hometown of actor Bradley Cooper.
Renters are the minority in Jenkintown, where most residents own their homes. Even so, Jenkintown offers renters an urban environment and a wide range of options for rental properties - from larger, detached, single-family homes on sprawling lots in more affluent areas (such as the east side of Old York Road) to a traditional, small town mix of detached, single-family homes, duplexes, and row homes, as well as several multifamily apartment buildings that are residential condominium or rental properties in denser areas. The average cost of a rental apartment in Jenkintown is on par with the rest of the Philadelphia-Camden-Wilmington metropolitan area, placing it above the average rental costs for the rest of Pennsylvania, but on par with the national average. Notably, according to the rental laws in Pennsylvania, landlords may charge renters the equivalent of two months' rent for the security deposit for the first year of renting and the equivalent of one month's rent during all subsequent years of renting.
Renters who are concerned about finding some of their favorite items after moving to Jenkintown can rest easy: The affluent suburb is home to many familiar national and regional supermarket chains catering to all tastes and budgets. Specifically, renters will recognize names such as Whole Foods Markets, ACME Markets and Trader Joe's. Or, if Jenkintown doesn't satisfy their shopping needs, renters can try their luck in nearby communities, many of which feature large retail areas. To that end, the King of Prussia shopping mall - the largest shopping mall in Pennsylvania and the third-largest shopping mall in the United States - is located approximately 30 minutes away and can satisfy all your needs with more than 450 retailers.
Although you'll likely need a car to run some errands while living in Jenkintown, you may be able to find a rental apartment with many shopping and dining options within walking distance, especially if you look for an apartment for rent close to the downtown area. Alternatively, the Jenkintown-Wyncote station is one of SEPTA's major Regional Rail stops and the busiest outside of Philadelphia. The Lansdale/Doylestown Line, Warminster Line and West Trenton Line regional rail services all stop here.
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