Overview of Philadelphia
Home to a number of historical landmarks, Philadelphia once served as the capital of the United States. As the largest city in Pennsylvania, Philly is also the fifth largest city in the country. With over 1.5 million residents, this city of brotherly love offers affordable Philadelphia apartments for rent suitable for any lifestyle.
Living in Philadelphia
There are Philadelphia apartments for rent that perfectly match every individual's needs. As a city full of neighborhoods, some are made up of just a few blocks and others encompass several miles. Located along the Delaware riverfront park, Old City, Society Hill and Queen Village have all become desirable neighborhoods for residents seeking out apartments for rent in Philadelphia. Old City has become a hip part of town, filled with loud nightlife. In neighboring Society Hill, you will find residents to be a bit more laid back. Great for the creative types, Queen Village is home to unique restaurants, bookstores and innovative retail shops.
Philadelphia Apartments and Cost of Living
The cost of living in Philadelphia is 24 percent higher than the national average. This is mainly due to a higher cost of housing throughout city, although utilities and groceries also play a role. The competitive salaries found in Philly make up for these hikes and allow residents a wide selection when considering Philadelphia apartments for rent.
Through public housing options, safe apartments for rent in Philadelphia are available for low income families. The Public Housing Authority of Philly has over 13,400 units available in all shapes and sizes. Individuals with disabilities and the elderly may also be eligible for these housing options.
Apartments in Philadelphia Work and Study
The City Center district of Philly has welcomed 10,000 new residential units since 1998, with the help of tax reduction laws. As a result, there are many Philadelphia apartments available near the booming downtown business district. The area hosts a wide range of industries, including pharmaceuticals, healthcare and education.
University City is home to six different higher education institutions, including Ivy Leaguer the University of Pennsylvania and well-respected Drexel University. The neighborhood houses 45,000 academics with plenty of apartments in Philadelphia becoming regularly available as students, faculty and staff come and go. Luxury rentals can be found in Rittenhouse Square, which is located on the western edge of the city. A short walk from local cultural institutions, Rittenhouse is made up of high-rises and mansions. This area is especially popular among highly successful young professionals.