Rental market trends in Philadelphia, PA
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Average Apartment Cost in Philadelphia, PA
Apartment Rent Ranges in Philadelphia, PA
Apartment Prices Proportion | |
|---|---|
Neighborhood Apartment Rent Trends in Philadelphia, PA
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Logan Square | $1,747 | +1% |
| Old City | $1,650 | +5% |
| Northern Liberties | $1,495 | -15% |
| Center City | $1,490 | +9% |
| Brewerytown | $1,475 | +12% |
| Avenue of the Arts North | $1,450 | +3% |
| Center City West | $1,405 | +8% |
| Francisville | $1,395 | +7% |
| Rittenhouse Square | $1,388 | +4% |
| University City | $1,382 | +6% |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| University City | $2,379 | +37% |
| Center City | $2,170 | 0% |
| Old City | $2,027 | -7% |
| Avenue of the Arts South | $2,027 | +9% |
| Society Hill | $1,995 | -2% |
| Rittenhouse Square | $1,952 | +2% |
| Center City West | $1,860 | -11% |
| Kensington | $1,800 | +3% |
| Northern Liberties | $1,795 | -29% |
| West Philadelphia | $1,757 | +13% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Northern Liberties | $3,075 | -6% |
| Rittenhouse Square | $2,965 | +29% |
| Center City | $2,915 | +4% |
| Bella Vista | $2,750 | +62% |
| Old City | $2,735 | -10% |
| Washington Square West | $2,675 | +26% |
| Graduate Hospital | $2,395 | +10% |
| Center City West | $2,352 | -4% |
| Fishtown | $2,295 | +18% |
| Society Hill | $2,295 | +2% |
How Other Cities Compare to Philadelphia, PA
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Bensalem | $2,510 | 0% |
| Princeton | $2,200 | -9% |
| Cherry Hill | $1,812 | -16% |
| Phoenixville | $1,690 | +4% |
| Allentown | $1,659 | -5% |
| West Chester | $1,562 | +7% |
| Wilmington | $1,460 | +4% |
| Hamilton | $1,400 | +10% |
| Reading | $1,340 | 0% |
| Bethlehem | $1,230 | +3% |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Hamilton | $2,017 | +27% |
| West Chester | $1,865 | +6% |
| Phoenixville | $1,820 | -2% |
| Allentown | $1,766 | -13% |
| Middletown | $1,705 | +3% |
| Bethlehem | $1,650 | -1% |
| Northeast Philadelphia | $1,609 | +15% |
| Trenton | $1,575 | +11% |
| Bensalem | $1,569 | +4% |
| Reading | $1,500 | 0% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Cherry Hill | $2,712 | +3% |
| Hamilton | $2,378 | +1% |
| Phoenixville | $2,367 | +6% |
| West Chester | $2,156 | +4% |
| Northeast Philadelphia | $1,939 | +13% |
| Bethlehem | $1,937 | +5% |
| Media | $1,925 | +20% |
| Trenton | $1,872 | +9% |
| Bensalem | $1,870 | +3% |
| Middletown | $1,865 | +5% |
Philadelphia, PA Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 |
| $1337 | $1362 | $1398 | $1414 | $1437 | $1440 | $1335 | $1337 | $1315 | $1327 | $1362 | $1373 | $1369 |
| $1800 | $1842 | $2042 | $2132 | $2185 | $2155 | $2000 | $1962 | $1895 | $1863 | $1856 | $1826 | $1867 |
| $2028 | $2020 | $2057 | $2026 | $2145 | $2218 | $2125 | $2126 | $2112 | $2067 | $2031 | $2092 | $2165 |
| $2375 | $2275 | $2250 | $2302 | $2221 | $2225 | $2162 | $2098 | $2089 | $2131 | $2220 | $2222 | $2225 |
Neighborhood Information for Philadelphia, PA
What are the most affordable neighborhoods in Philadelphia, PA?
The most affordable neighborhoods in Philadelphia are Hartranft, where the average 1-bedroom apartment rent goes for $495, Strawberry Mansion, where renters pay $718 on average for a 1-bedroom apartment, and Germantown, where the average 1-bedroom apartment rent goes for $895. If you're looking for other great deals, check out the listings in Upper North Philadelphia ($900 for a 1-bedroom apartment) or Fox Chase ($915 for a 1-bedroom apartment), compared to the $1,857 average for a Philadelphia 1-bedroom apartment.
What are the most expensive neighborhoods in Philadelphia, PA?
The most expensive neighborhoods in Philadelphia are Logan Square, where the average 1-bedroom apartment rent goes for $2,680, Fitler Square, where renters pay $2,535 on average for a 1-bedroom apartment, and University City, where the average 1-bedroom apartment rent goes for $2,379. If you're looking for other premium neighborhoods, check out the listings in Center City ($2,170 for a 1-bedroom apartment) or Old City ($2,027 for a 1-bedroom apartment), compared to the $1,857 average for a Philadelphia 1-bedroom apartment.
What are the most popular neighborhoods in Philadelphia, PA?
The most popular neighborhoods in Philadelphia are Strawberry Mansion, where the average 1-bedroom apartment rent goes for $718, Lower North, where renters pay $1,597 on average for a 1-bedroom apartment, and Brewerytown, where the average 1-bedroom apartment rent goes for $1,690. If you're looking for other popular neighborhoods, check out the listings in North Central ($950 for a 1-bedroom apartment) or Avenue of the Arts North ($1,695 for a 1-bedroom apartment), compared to the $1,857 average for a Philadelphia 1-bedroom apartment.
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