Cheap Apartments for Rent in the Terrace Village Neighborhood of Pittsburgh, PA from $500 (263 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Terrace Village area of Pittsburgh.

property at 21 Hodge St

21 Hodge St

PittsburghPA15213

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 5700 Fifth Ave

5700 Fifth Ave

PittsburghPA15232

Pittsburgh's Best Affordable Neighborhoods

Learn about Pittsburgh and the best affordable neighborhoods to live by our Local Expert Christine DiMaria

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Terrace Village, Pittsburgh, PA Local Guide

Cheapest Available Terrace Village Apartments for Rent

 

The cheapest available apartment rental in the Terrace Village area of Pittsburgh, PA is a Studio unit found at The Schenley Arms priced from $900. Liberty Point Apartments LP has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Terrace Village apartments for rent in Pittsburgh, PA:

Apartment ListingModel NameBed/BathPriced From
The Schenley ArmsIwataniStudio,1BA$900
Liberty Point Apartments LP1B / 1B1BR,1BA$950
The Royal Plaza Rockwel Realty LeasingGroud Floor StudioStudio,1BA$975
Oakland ApartmentsRoyal Windsor Studio - Summer 2025Studio,1BA$995
Helm on the AlleghenyCo-Living MicroStudio,1BA$1,025

Best Value Apartments for Rent in Terrace Village, PA

As of May 13, 2025 the best value apartment in the Terrace Village area is the $0.96 price per square foot 1922 E Carson St Model at 1922 E Carson St in the in the Allegheny West neighborhood starting from $3,250. The second greatest value Terrace Village apartment is the 3 Bedroom Model at 1232 Sarah St starting at $2,535 with a $1.01 price per square foot in the Central Business District neighborhood. Here is today’s list of the best values for Terrace Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1922 E Carson St1922 E Carson St3BR,2.5BA$0.96
1232 Sarah St3 Bedroom3BR,2BA$1.01
516 Cato St, Unit 516 Cato Street516 Cato St4BR,2BA$0.41
2120 Bedford Ave, Unit 22120 Bedford Ave3BR,1BA$0.81
Garfield CommonsThree Bedroom3BR,1.5BA$0.91
410 44th St, Unit 1410 44th St2BR,1BA$1.05
4909 CENTRE AVE1BR/1.0BA1BR,1BA$1.10
Thames Manor1 Bed, 1 bath1BR,1BA$1.05
621 Melwood Ave, Unit 1st Fl621 Melwood Ave1BR,1BA$1.12
1401 Sarah St, Unit 21401 Sarah St1BR,1BA$1.12

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Terrace Village, Pittsburgh, PA

Ranked #41

Among neighborhoods in Pittsburgh, PA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Terrace Village, Pittsburgh, PA

School data provided by Great Schools

Lifestyle Ratings

Our team is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Pennsylvania, including Pittsburgh. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, features that make it easier to raise kids, raising pets, transit options, and more. These search options are in the site filters at the top of this page.

Getting Around the Terrace Village Neighborhood in Pittsburgh, PA

Walk Score®

72 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

69 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Terrace Village Apartments

What is a cheap apartment in Terrace Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Terrace Village is under $1,025.

What is the price of a cheap apartment in Terrace Village?

The cheapest apartment in Terrace Village is Thames Manor which is listed at $945, while the average apartment in Terrace Village costs $2,500.

What types of apartments are the cheapest in Terrace Village?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 85 regular apartments in Terrace Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Terrace Village?

Cheap apartments in Terrace Village have an average cost of $422 which is $2,078 cheaper than the average rent for all rentals in Terrace Village.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Top 10 Most Affordable Neighborhoods in Pittsburgh: A Local Real Estate Expert Guide article

Top 10 Most Affordable Neighborhoods in Pittsburgh: A Local Real Estate Expert Guide

Written by: Christine DiMaria

Pittsburgh is known for its bridges, breathtaking views, culture, and bustling nightlife. Though not every part of Steel City is perfect, each neighborhood, from the North Shore to the South Side, has a unique charm.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.