Apartments for Rent in Hyde Park, Scranton, PA

Hyde Park, Scranton apartment availability

Hyde Park's rental market offers a strong selection of listings, with an average of 53 rentals available each month. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as a few studios. Many of these apartments offer convenient amenities, including in-unit laundry, on-site laundry, and outdoor spaces. With nearly 40% of apartments featuring in-unit laundry and over 25% offering on-site laundry, renters can prioritize their needs. The availability of outdoor spaces in about 35% of apartments is an added bonus. Overall, Hyde Park's varied rental options and amenities make it an attractive choice for renters in Scranton.

Hyde Park, Scranton rental market trends

The Hyde Park neighborhood in Scranton saw a notable increase in rent prices last year, with an average monthly rent of $1,268, representing a 7.2% year-over-year increase. Breaking it down by bed count, 1-bedrooms averaged $882 per month, with a slight decrease of 1.5% from the previous year. In contrast, 2-bedrooms and 3-bedrooms experienced increases of 4.7% and 4.7%, respectively, with average rents of $1,132 and $1,443. Studios saw a significant jump of 36.5%, with an average rent of $1,246.

Rent prices in Hyde Park tend to fluctuate throughout the year, with March typically being the most expensive month, 12.3% higher than the lowest month, August. If you're looking for a new apartment, August may be a good time to find a deal. Keep in mind that the rental market can be competitive, especially during peak months.

Why Hyde Park, Scranton is a great place to live

Hyde Park is a top choice for renters prioritizing social living in Scranton. According to 2024 data, the neighborhood's strong social life score is attributed to its well-developed street infrastructure, frequent transit options, and a balanced age distribution among residents. Additionally, Hyde Park's safety record and walk score make it an attractive spot for those who value community interaction and convenience. With these factors combined, Hyde Park offers an ideal environment for renters seeking a vibrant and connected lifestyle.