Rent Tracker
Rent Inflation in Altoona, PA
The average asking rent in Altoona, PA is $1,033/month as of 2026-08. That is +8.6% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,033/mo
as of 2026-08
Year-over-Year Change
+8.6%
24-Month Rent Trend
Monthly ZORI index values for Altoona, PA.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,033 | +1.67% |
| 2026-07 | $1,016 | +0.49% |
| 2026-06 | $1,011 | +0.80% |
| 2026-05 | $1,003 | +0.60% |
| 2026-04 | $997 | +1.94% |
| 2026-03 | $978 | +2.73% |
| 2026-02 | $952 | -2.16% |
| 2026-01 | $973 | +0.83% |
| 2025-12 | $965 | -2.82% |
| 2025-11 | $993 | +2.48% |
| 2025-10 | $969 | -0.92% |
| 2025-09 | $978 | +2.84% |
| 2025-08 | $951 | +0.63% |
| 2025-07 | $945 | +0.21% |
| 2025-06 | $943 | +0.00% |
| 2025-05 | $943 | +0.21% |
| 2025-04 | $941 | +3.41% |
| 2025-03 | $910 | -0.66% |
| 2025-02 | $916 | +0.66% |
| 2025-01 | $910 | -0.66% |
| 2024-12 | $916 | +1.10% |
| 2024-11 | $906 | -1.09% |
| 2024-10 | $916 | +0.11% |
| 2024-09 | $915 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices