Cheap Homes for Rent in Terrace Village Neighborhood of Pittsburgh, PA from $500 (59 Rentals)

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

property at 117 S 22nd St

117 S 22nd St

PittsburghPA15203

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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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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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$1,024

Best Value Apartments for Rent in Terrace Village, PA

As of May 12, 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
1707 Edwards Way, Unit 2nd Floor Apt1707 Edwards Way4BR,1BA$1.15
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
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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Frequently Asked Questions about Terrace Village

What type of rentals are currently available in Terrace Village?

There are currently 1276 Apartments for Rent in Terrace Village, PA with pricing that ranges from $500 to $10,743. There are also 193 Single Family Homes for rent, Condos, and Townhome rentals currently available in Terrace Village ranging from $500 to $7,500.

What is the current price range for Rental Homes in Terrace Village?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Terrace Village ranges from $500 to $7,500 with an average monthly rent of $2,085.

How much are larger Three and Four Bedroom Rentals in Terrace Village?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Terrace Village range from $1,200 to $5,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $750.

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.

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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.

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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.