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Apartments for Rent in Philadelphia, PA - 2,045 Rentals available

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Philadelphia’s average rent reached $1,662 in February

Philadelphia’s average rent reached $1,662 in February, after a 0.4% decrease since last year. Renters make up 44% of Philadelphia’s population. One of Pennsylvania’s largest job hubs, the city is a diverse and vibrant place to live in, with apartment rents above the national average of $1,399. [View Full Report]

Philadelphia apartment rent report

Philadelphia’s average rent was $1,662 in February

Philadelphia’s average rent reached $1,662 in February, after a 0.4% decrease since last year. Renters make up 44% of Philadelphia’s population. One of Pennsylvania’s largest job hubs, the city is a diverse and vibrant place to live in, with apartment rents above the national average of $1,399.

The average rent for an apartment in Philadelphia decreased,  coming in contrast with other surrounding cities such as Upper Darby, where apartments go for $926 after a 2.7% increase, and Bensalem, where rent went up by 7.7%, reaching $1,347.

Philadelphia apartment rent report

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

The city with the largest renter share is West Chester (63%), followed by Norristown, with 62% renters. In West Chester, apartment rents increased by 4.4% since last year, reaching $1,621. Norristown, with an average rent of $1,350 has experienced a rent decrease of 0.9% since February 2020. In Exton, where 52% of the population are renters, the average rent is $1,768, an increase of 2.6% compared to last year. Apartments in Pottstown, also with a 52% share of renters, cost $1,234 per month, an increase of 7.8% in one year. Bryn Mawris the fifth largest by renter share (51%), seeing an annual increase of 3.3% and reaching $1,736.

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 $1,768 per month. The average rent for apartments in Malvern is $1,747, the second most expensive, while Bryn Mawr ($1,736) comes in third.

For renters in search of budget-friendly apartments, Upper Darby's $926 average rent is the cheapest in the Philadelphia area, followed by Drexel Hill's $1,163 rate. Morrisville rentals are the third least pricey on the list, with a $1,196 average apartment rate.

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 10 Apr 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 The Willows at Walnut Hill - Formerly Chatham Court.

What is the average rent in Philadelphia, PA?

The average rent in Philadelphia, PA is $1,662. 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 $725 and $7,824. 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 $641 and $5,119. 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 $641 and $11,266. 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 $7,824. Browse all available 3-bedroom apartments in Philadelphia, PA.

Renter's Guide to Philadelphia

Known for its outstanding food, historical tourist destinations, and dynamic sports teams (Philadelphia Eagles, anyone?), Philadelphia is one of the biggest cultural hotspots on the East Coast.

Bordered by the Schuylkill and Delaware rivers, Philadelphia is the largest city in the state, twice large as Pittsburgh and twice as small as New York. Philadelphia is approximately 133 miles southeast of New York and roughly 100 miles northeast of DC, a quick move that is only hours away.

The spring season (March-May) is sunny with occasional rain showers, and has an average temperature of 54 F. Summers (June-August) are sunny and humid, with an average temperature of 75 F. Autumn seasons (September-November) are moderate with an average temperature of 58 F. Winters are frigid and snowy with an average of 34 F.

Philadelphia, PA Demographics

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

Cost of Living in Philadelphia, PA

Artistic and professional young couples alike are attracted by the low cost of living in Philadelphia. Many people of all ages are moving from NYC to Philadelphia for affordable housing, and moving from Chicago to Philadelphia for cheaper material goods.

Riding on the bus, subway and trolley costs $2.25 per person (seniors ride free). Philadelphia subway tokens are $1.80 each, and come in packs of 2, 5, and 10. All subway rides are divided between the “Blue Line” and “Orange Line”, and the routes interconnect at City Hall at no additional charge. More than 70 bus routes dutifully serve Philadelphia and the outskirts. The average commute time in Philadelphia is 5 hours per week, one of the longest in the nation.

The average meal in an inexpensive Philadelphia restaurant costs $12, and a gallon of milk costs $3.50 – both prices are exactly the same as the US average.

Philadelphians pay an average of $150 for basic utilities for a 915-square foot apartment, a mere $3 difference from the national average.

Average Rent in Philadelphia, PA

  • Philadelphia, PA Average Rental Price, February 2021 $1,662 /mo

Philadelphia, PA Apartment Rent Ranges

  • $501-$7001%
  • $701-$1,00014%
  • $1,001-$1,50040%
  • $1,501-$2,00023%
  • > $2,00023%

Philadelphia, PA Rent Trends

Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Feb / 2021
Philadelphia, PA $1,514 $1,525 $1,545 $1,572 $1,590 $1,624 $1,640 $1,664 $1,663 $1,643 $1,662
National $1,317 $1,348 $1,357 $1,361 $1,393 $1,400 $1,401 $1,391 $1,393 $1,399
/

Check out the average rent prices in Philadelphia by neighborhood.

Living in Philadelphia

Living in Philadelphia gives you great access to the world’s best food, entertainment, coffee, and shopping. There are things to do in Philadelphia at all hours, day and night – you’ll never be at a loss for recreational fun. As for the negatives of living in Philadelphia, PA, the daily commute can be frustrating, and there is a severe lack of parking.

Things to do in Philadelphia

With over 900 locations dedicated to cultural and recreational activities such as the world-renowned Philadelphia Museum of Art, Philadelphia is one of the best cities for culture in the nation.

 

One of the many Philadelphia attractions for kids is the Philadelphia Zoo, which gives an educational glimpse into all sorts of fascinating and exotic wildlife. The pristine Philadelphia Eagles stadium will satisfy any sports enthusiast, along with venues for the Philadelphia Flyers and the Philadelphia 76ers.

The annual Philadelphia Flower Show is the largest and longest-running indoor show of its kind, and one of the perfect Philadelphia attractions for couples to enjoy a nice day. If it’s free things to do in Philadelphia that you’re after, then enjoy the Philadelphia Free Library, the 13th largest public library system in America.

Located in Center City, Love Park is a dog-friendly plaza with engaging public works such as spouting fountains and a large red sculpture boldly showcasing the word “love”. With more than 9,200 acres of refreshing green space, Fairmount Park is one the largest urban parks in the world, and has museums, gardens, and marvelous architecture. The FDR Park, which locals call “The Lakes”, has acres of picnic areas, walking paths, and golf courses. In West Philadelphia, Clark Park expands over 9 acres, offering basketball courts and a year-round farmers market. These are some of the most beautiful places in Philadelphia!

As for shopping, the Philadelphia Premium Outlets is one of the top attractions in Philadelphia, offering discounts of up to 65% on the latest fashion trends. Shops at Liberty Place is a major Center City retail destination with a wide variety of designer and name brands. 13th Street, Philadelphia blends family-owned shops with hip chain stores, along with the Theater of Living Arts, which offers weekly performances from the nation’s hottest talents. Di Bruno Brothers offers gourmet goodies such as cheeses, meat perishables, and a fine assortment of luxurious gift baskets.

Employment and Economy

Philadelphia has a strong mix of career choices to match your background skills and areas of expertise. Educational institutions such as the Philadelphia University and the Community College of Philadelphia provide ample employment opportunities in the higher education sector, while the manufacturing, food, tourism, telecommunications, and financial services industries all continue to thrive. Beneficial Bank, Pep Boys, and Comcast are just three corporate juggernauts headquartered in Philadelphia.

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

Education in Philadelphia

The School District of Philadelphia is the largest school district in the state, home to the top-ranking school in all of Pennsylvania, the Julia R. Masterman Secondary School.  The Philadelphia University has more than 40 degree types to choose from, and the Community College of Philadelphia offers over 70 degrees and certification courses.

Philadelphia, PA Education Statistics

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

Tips for Renting in Philadelphia

As a renter, your security deposit cannot be more than two months’ rent. From October-April, the landlord must provide you with heat at a minimum of 68 F (unless you have your own thermostat). This rule also applies in May and September if the outdoor temperature is less than 60 F. You can refuse to pay rent until important repairs are made.

If you are one of the many people moving to Philadelphia from NYC, you will find the housing to be much more affordable. If you do not own a car, don’t buy one (there is a general lack of parking in Philadelphia). Hire professional movers instead.

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 $641 and submit your rental application today!

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