Philadelphia, PA Rental Market Trends
Highlights
The average rent for an apartment in Philadelphia is $1,645, a 1% decrease compared to the previous year.
Average Rent in Philadelphia, PA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,645 | -1% | 805 sq. ft. |
The average size for a Philadelphia, PA apartment is 805 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Philadelphia, PA Apartment Rent Ranges
- $501-$7001%
- $701-$1,00015%
- $1,001-$1,50040%
- $1,501-$2,00020%
- > $2,00023%
Philadelphia, PA Occupied Housing Units
- Renter-occupied Households45%
- Owner-occupied Households54%
273,389 or 45% of the households in Philadelphia, PA are renter-occupied while 321,389 or 54% are owner-occupied.
Philadelphia, PA Rent Trends
| Average Rent | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Oct / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Oct / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Philadelphia, PA | $1,514 | $1,525 | $1,545 | $1,572 | $1,590 | $1,624 | $1,652 | $1,640 | $1,664 | $1,663 | $1,645 |
| National | $1,378 | $1,381 | $1,418 | $1,428 | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |
Average Rent in Philadelphia, PA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Belmont | $2,519 |
| East Parkside | $2,519 |
| Mantua | $2,519 |
| Powelton Village | $2,519 |
| Saunders Park | $2,519 |
| University City | $2,519 |
| West Powelton | $2,519 |
| Society Hill | $2,509 |
| Bella Vista | $2,439 |
| Hawthorne | $2,439 |
| Passyunk Square | $2,439 |
| Dickinson Narrows | $2,420 |
| Queen Village Pennsport | $2,420 |
| Kensington South | $2,365 |
| Ludlow | $2,365 |
| Norris Square | $2,365 |
| North Philadelphia | $2,365 |
| Olde Kensington | $2,365 |
| Spruce Hill | $2,360 |
| West Shore | $2,360 |
| Old City | $2,236 |
| Center City West | $2,181 |
| Rittenhouse Square | $2,160 |
| Logan Square | $2,143 |
| Chinatown | $2,106 |
| Market East | $2,106 |
| Yorktown | $2,071 |
| Fairmount | $2,033 |
| Francisville | $2,033 |
| Spring Garden | $2,033 |
| Mill Creek | $2,021 |
| Washington Square West | $1,960 |
| Southwest Center City | $1,913 |
| Center City East | $1,892 |
| Fairmount Park | $1,875 |
| Callowhill | $1,870 |
| East Passyunk | $1,854 |
| Greenwich | $1,854 |
| Lower Moyamensing | $1,854 |
| Riverfront | $1,854 |
| Stadium District | $1,854 |
| Whitman | $1,854 |
| East Poplar | $1,805 |
| Northern Liberties | $1,805 |
| West Poplar | $1,805 |
| Fishtown | $1,788 |
| Grays Ferry | $1,635 |
| Point Breeze | $1,635 |
| East Kensington | $1,628 |
| Olde Richmond | $1,628 |
| West Kensington | $1,628 |
| Chestnut Hill | $1,612 |
| Brewerytown | $1,579 |
| Cabot | $1,579 |
| Cecil B Moore | $1,579 |
| Sharswood | $1,579 |
| Hunting Park Industrial Area | $1,578 |
| North Central Philadelphia | $1,504 |
| Strawberry Mansion | $1,504 |
| Cathedral Park | $1,498 |
| West Fairmount Park | $1,498 |
| West Parkside | $1,498 |
| Wynnefield | $1,498 |
| Wynnefield Heights | $1,498 |
| Manayunk | $1,474 |
| Upper Roxborough | $1,474 |
| Wissahickon | $1,474 |
| Carroll Park | $1,470 |
| Overbrook | $1,470 |
| Overbrook Farms | $1,470 |
| Wissahickon Park | $1,468 |
| Haddington | $1,466 |
| Allegheny West | $1,430 |
| Paradise | $1,430 |
| Andorra | $1,394 |
| Central Roxborough | $1,394 |
| Shawmont Valley | $1,394 |
| Girard Estates | $1,363 |
| Industrial | $1,363 |
| Newbold | $1,363 |
| Packer Park | $1,363 |
| West Passyunk | $1,363 |
| East Falls | $1,312 |
| Blue Bell Hill | $1,281 |
| Germantown | $1,281 |
| East Germantown | $1,272 |
| East Mount Airy | $1,219 |
| West Mount Airy | $1,219 |
| Millbrook | $1,216 |
| Modena Park | $1,216 |
| Normandy | $1,216 |
| Parkwood | $1,216 |
| Walton Park | $1,216 |
| Crestmont Farms | $1,196 |
| Northeast Philadelphia Airport | $1,196 |
| Eastwick Southwest Philadelphia | $1,186 |
| Philadelphia International Airport | $1,186 |
| Ashton - Woodenbridge | $1,185 |
| Brookhaven | $1,185 |
| East Torresdale | $1,185 |
| Morrell Park | $1,185 |
| West Torresdale | $1,185 |
| Byberry | $1,166 |
| Academy Gardens | $1,155 |
| Cobbs Creek Park | $1,153 |
| Green Hill Farms | $1,153 |
| Overbrook Park | $1,153 |
| Somerton | $1,118 |
| Cedar Park | $1,109 |
| Elmwood | $1,109 |
| Garden Court | $1,109 |
| Kingsessing | $1,109 |
| Bells Corner | $1,089 |
| Lexington | $1,089 |
| Winchester | $1,089 |
| Rhawnhurst | $1,087 |
| Burholme | $1,084 |
| Fox Chase | $1,084 |
| Lawndale | $1,084 |
| Upper Northwood | $1,084 |
| Morris Park | $1,079 |
| Bustleton | $1,072 |
| Pennypack Park | $1,070 |
| Cobbs Creek | $1,069 |
| Castor Gardens | $1,062 |
| Oxford Circle | $1,062 |
| West Oak Lane | $1,044 |
| Tacony | $1,043 |
| Wissinoming | $1,043 |
| Summerdale | $1,034 |
| Lawncrest | $1,024 |
| Melrose Park Gardens | $1,022 |
| Cedarbrook | $1,021 |
| Feltonville | $1,000 |
| Hunting Park | $1,000 |
| Olney | $1,000 |
| North Delaware | $978 |
| Dunlap | $978 |
| Walnut Hill | $978 |
| East Oak Lane | $977 |
| Mayfair | $970 |
| Ogontz | $964 |
| Holmesburg | $960 |
| Pennypack Woods | $960 |
| Upper Holmesburg | $960 |
| Winchester Park | $960 |
| Juniata Park | $941 |
| Fern Rock | $939 |
| Logan | $939 |
| Forgotten Blocks | $858 |
| Tioga | $858 |
| West Fairhill | $858 |
| Frankford | $823 |
| Frankford Valley | $823 |
| Kensington | $823 |
| Northwood | $823 |
| Whitaker | $823 |
The most affordable neighborhoods in Philadelphia are Frankford, where the average rent goes for $823/month, Frankford Valley, where renters pay $823/mo on average, and Kensington, where the average rent goes for $823/mo. If you’re looking for other great deals, check out the listings from Northwood ($823), Whitaker ($823), and Forgotten Blocks ($858), where the asking prices are below the average Philadelphia rent of $1,645/mo.
The most expensive neighborhoods in Philadelphia are Saunders Park ($2,519), University City ($2,519) and West Powelton ($2,519).
The most popular neighborhood in Philadelphia is Rittenhouse Square, where there are 37 verified RENTCafé listings with an average rent of $2,160. Next up is Center City West, where apartments go for $2,181/month, followed by Washington Square West with $1,960 If you’re looking to rent in Philadelphia’s most popular neighborhoods, make sure to also check out East Kensington, where renters pay $1,628 on average, and Queen Village Pennsport, where the average monthly rent is $2,420.
Philadelphia | Rent Comparison by Neighborhood
Rent in Academy Gardens is 19% lower than in Allegheny West
Academy Gardens rent is 30% lower than Philadelphia average
| Average Rent | $1,155 |
|---|
Allegheny West rent is 13% lower than Philadelphia average
| Average Rent | $1,430 |
|---|
How Philadelphia Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Philadelphia | $1,645 | -1% |
| Pittsburgh | $1,246 | n/a |
| Lehigh Valley | $1,286 | 4% |
| Allentown | $1,216 | 8% |
| Bethlehem | $1,417 | 4% |
| Exton | $1,798 | 3% |
| Wynnewood | $1,992 | -3% |
| Bala Cynwyd | $2,186 | 5% |
| Bensalem | $1,309 | 7% |
| Elkins Park | $1,346 | 3% |
| Narberth | $1,496 | -2% |
For more information about the Philadelphia rental trends, check out our monthly rent report
Check out Pennsylvania Cities, Pennsylvania Neighborhoods and Pennsylvania Zip Codes for more details on verified listings, including the Pennsylvania Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!