Rent in Oil City, PA
A 2-bedroom in Oil City, PA (ZIP 16301) typically rents for about $780 a month, with a range of $780–$1,014. Owner-occupied homes in Venango County pay about 1.27% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $488 | $488–$706 | 1 |
| 1 bed | $526 | $526–$775 | 1 |
| 2 beds | $780 | $780–$1,014 | 1 |
| 3 beds | $924 | $924–$1,276 | 1 |
| 4 beds | $1,069 | $1,069–$1,429 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Oil City ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Oil City, PA?
- About $780 a month: the median of the typical rents in 1 ZIP code, which range from $780–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Oil City, PA?
- About $526 a month: the median of the typical rents in 1 ZIP code, which range from $526–$775. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Oil City, PA?
- About $924 a month: the median of the typical rents in 1 ZIP code, which range from $924–$1,276. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Oil City, PA?
- About $488 a month: the median of the typical rents in 1 ZIP code, which range from $488–$706. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Oil City, PA?
- About $1,069 a month: the median of the typical rents in 1 ZIP code, which range from $1,069–$1,429. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Oil City, PA?
- Owner-occupied homes in Venango County pay a typical 1.27% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Oil City rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).