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Apartments for Rent in Philadelphia, PA - 1,557 Rentals available

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Philadelphia’s average rent reached $1,685 in April

Philadelphia’s average rent reached $1,685 in April, after a 1.5% increase since last year. A thriving economic and cultural hub with a 44% renter share, Philadelphia is a desirable place to live and work in, with apartment prices above the national average of $1,417. [View Full Report]

Philadelphia apartment rent report

Philadelphia’s average rent was $1,685 in April

Philadelphia’s average rent reached $1,685 in April, after a 1.5% increase since last year. A thriving economic and cultural hub with a 44% renter share, Philadelphia is a desirable place to live and work in, with apartment prices above the national average of $1,417.

The average rent for an apartment in Philadelphia rose slower than in other surrounding cities, such as Upper Darby ($946), where prices went up by 4.5%. Meanwhile, apartment rates in Bensalem increased by 8.2%, reaching a $1,372 average.

Philadelphia apartment rent report

What it costs to rent in the largest renter hubs in the Philadelphia area

West Chester, the city with the largest renter share (63%) in the Philadelphia area, has a $1,637 average rent, after an 4.7% annual increase. The second largest renter hub, Norristown, has a 62% renter share, with its apartments going for $1,375 on average (up by 1.8% since last year). Exton and its 52% share of renters follows, with a $1,829 average apartment price.

Pottstown also has a 52% renter share, with apartments going for $1,241 after a 7.3% yearly increase. Last but not least, Bryn Mawr's 51% share of renters places it fifth among the area’s renter hubs. The city’s average rent reached $1,764 in April, going up by 3.8% in the past year. 

The priciest and cheapest cities for renters in the Philadelphia area

Exton is the priciest city for renters in the Philadelphia area, with apartments renting for $1,829 per month. Malvern’s $1,807 rate is the second most expensive, while apartments in Bryn Mawr ($1,764) come in third.

For renters in search of budget-friendly apartments, Upper Darby's $946 average rent is the cheapest in the Philadelphia area, followed by Drexel Hill's $1,178 rate. Morrisville rentals are the third least pricey on the list, with a $1,209 average rent as of April.

Philadelphia apartment rents in popular ZIP codes for renters

Among Philadelphia's most popular renter ZIP codes, 19103 has a $2,206 average rent, above the city average ($1,685). At the same time, rentals in ZIP 19104 go for $2,551, while prices in ZIP 19144 circle around $1,302. Apartment rents in ZIP 19131 clock in at around $1,561, lower than the Philadelphia average, while rates in ZIP 19102 average at $2,238.

Check out how average rents evolved across the Philadelphia area

Philadelphia apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

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Frequently Asked Questions

When were prices and availability in Philadelphia, PA last updated?

Prices and availability in Philadelphia, PA were last updated on 18 Jun 2021.

What are the best apartments in Philadelphia, PA?

The best apartments in Philadelphia, PA are: Alden Park, The Broderick, The Republic, The Willows at Wissahickon - Formerly Cricket Court Commons and Birchwood at Grays Ferry - Formerly St Anthony's Senior Residences.

What is the average rent in Philadelphia, PA?

The average rent in Philadelphia, PA is $1,688. Start your search for apartments in Philadelphia, PA now.

What is the price range for a studio apartment in Philadelphia, PA?

The price range for a studio apartment in Philadelphia, PA is between $715 and $6,200. View all studio apartments in Philadelphia, PA.

What is the price range for a 1-bedroom apartment in Philadelphia, PA?

The price range for a 1-bedroom apartment in Philadelphia, PA is between $750 and $8,116. Browse all available 1-bedroom apartments in Philadelphia, PA now.

What is the price range for a 2-bedroom apartment in Philadelphia, PA?

The price range for a 2-bedroom apartment in Philadelphia, PA is between $750 and $13,647. Browse and find a 2-bedroom apartment in Philadelphia, PA.

What is the price range for a 3-bedroom apartment in Philadelphia, PA?

The price range for a 3-bedroom apartment in Philadelphia, PA is between $860 and $14,459. Browse all available 3-bedroom apartments in Philadelphia, PA.

Philadelphia, PA Demographics

  • Total Population1,579,075
  • Female 747,479
    Male 831,596
  • Median Age34.4

Average Rent in Philadelphia, PA

  • Philadelphia, PA Average Rental Price, May 2021 $1,688 /mo

Philadelphia, PA Apartment Rent Ranges

  • $701-$1,00012%
  • $1,001-$1,50040%
  • $1,501-$2,00024%
  • > $2,00024%

Philadelphia, PA Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 May / 2021
Philadelphia, PA $1,525 $1,545 $1,572 $1,590 $1,624 $1,640 $1,664 $1,663 $1,643 $1,672 $1,688
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407 $1,428
/

Check out the average rent prices in Philadelphia by neighborhood.

Philadelphia, PA Households

  • Total Number of Households601,337
  • Family 325,916
    Non-family 275,421
  • Children 163,078
    No Children 438,259
  • Average People Per Household2.55
  • Median Household Income$45,927
  • Median Housing Costs Per Month$994

Philadelphia, PA Education Statistics

  • No High School5%
  • Some High School43%
  • Some College19%
  • Associate Degree5%
  • Bachelor Degree17%
  • Graduate Degree11%

RENTCafé is your one-stop shop for finding a great new apartment in Philadelphia, PA. Easily search through a wide selection of apartments for rent in Philadelphia, PA, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Philadelphia, PA apartments with rents starting from $715 and submit your rental application today!

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