Allentown multifamily market, October 2026

Neither side has the edge in Allentown, and it is holding steady: asking rents are up 2.9% on a year, while jobs grew 1.0%.

Updated October 29, 2026 · from Zillow, BLS and the US Census Bureau

+2.9%

Asking rent, year over year

Zillow · September 2026

+1.0%

Jobs, year over year

BLS · September 2026, preliminary

6.0%YEARLY

Vacancy

Census · 2024 count

What is moving now

Asking rents are up 2.9% on a year to September 2026, which is the figure the condition is read from. Jobs are up 1.0% over the same year to September 2026, a first release the BLS revises the following month. Nothing is pulling hard either way in the latest figures (September 2026).

The backdrop

These are yearly Census counts, not this month's: 6.0% of rentals sat empty in 2024, permits for new apartments were down 32% in 2025, more people moved in than out in 2025, and the typical rent was $1,458 a month in 2024. They are the background the monthly figures move against, and they are the newest the Census has published.

See every figure behind this read

Open the live Allentown read →

We watch Allentown for you.

The day asking rent growth (now +2.9%) or job growth (now +1.0%) moves half a point, you get an email. Plus two years of history and the report.

Track Allentown, $39/month

Cancel anytime. Every market read stays free.

Common questions about Allentown

Answered from the data, updated October 29, 2026

Is the Allentown rental market tight or soft right now?

In Allentown right now, neither side has a clear edge, and it is stable.

Which way is the Allentown market heading?

Allentown is stable right now, as asking rents firm over the past year (Zillow ZORI, monthly).

Is Allentown a landlord's or a renter's market?

Allentown is a balanced market right now, with neither side holding a clear edge.

What is the vacancy rate in Allentown?

Vacancy in Allentown is 6.0% in the 2024 count, a yearly snapshot rather than a monthly reading (US Census Bureau).

How much have Allentown rents changed?

Asking rents in Allentown are up 2.9% over the past year (Zillow ZORI, monthly, latest Sep 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

Housing costs hit young voters in Pennsylvania: Here’s what to knowCNBC

Allentown nonprofit celebrates opening of new affordable apartments, where average rent is just $525 a monthThe Morning Call

Allentown Housing Market expands with ‘The Standards’ grand openingWFMZ.com

Allentown wants to promote development of workforce affordable housingWFMZ.com

What is workforce housing? Allentown looks to follow Easton’s lead with new requirementLehigh Valley Public Media

Allentown planners OK latest proposal for 12th Street apartmentsWFMZ.com

See all Allentown news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.
Methodology ↗ · All insights ↗