Philadelphia, PA Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Philadelphia is $2,002, a 0.99% increase compared to the previous year, when the average rent was $1,983.
Studio Apartments at $1,477 offer the most budget-friendly option with 460 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 701 square feet for $1,831, balancing privacy and affordability.
Two-beedroom units at $2,294 offer 989 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,382 sq ft) for $3,481, suitable for larger households.
Average rent in Philadelphia, PA
Last updated: April 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,002 | 785 sq. ft. |
| Studio | $1,477 | 460 sq. ft. |
| 1 Bed | $1,831 | 701 sq. ft. |
| 2 Beds | $2,294 | 989 sq. ft. |
| 3 Beds | $3,481 | 1,382 sq. ft. |
Philadelphia, PA rent trends
What's the typical rent budget in Philadelphia, PA?
The largest share of rentals in Philadelphia, PA (33%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Philadelphia, PA?
319,081 or 48% of the households in Philadelphia, PA are renter-occupied while 350,141 or 52% are owner-occupied.
Most affordable neighborhoods in Philadelphia?
Ogontz $1,092/month
Frankford $1,105/month
Tioga $1,182/month
All of these neighborhoods fall below the city wide average of $2,002/month.Most expensive neighborhoods in Philadelphia?
Society Hill $3,303/month
University City $3,322/month
Hawthorne $3,353/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Philadelphia, PA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Hawthorne | $3,353 |
| University City | $3,322 |
| Society Hill | $3,303 |
| Center City West | $2,897 |
| North Philadelphia | $2,672 |
| Powelton Village | $2,623 |
| Passyunk Square | $2,612 |
| Rittenhouse Square | $2,531 |
| Logan Square | $2,428 |
| Northern Liberties | $2,406 |
| Old City | $2,309 |
| Southwest Center City | $2,296 |
| West Poplar | $2,258 |
| Manayunk | $2,239 |
| Market East | $2,232 |
| Olde Kensington | $2,230 |
| Spring Garden | $2,186 |
| East Poplar | $2,152 |
| Fishtown | $2,114 |
| Kensington South | $2,093 |
| Washington Square West | $2,021 |
| Callowhill | $1,997 |
| Chestnut Hill | $1,938 |
| Paradise | $1,897 |
| Cabot | $1,881 |
| East Torresdale | $1,846 |
| Norris Square | $1,813 |
| Central Roxborough | $1,799 |
| Spruce Hill | $1,793 |
| Brewerytown | $1,765 |
| Mantua | $1,763 |
| East Kensington | $1,742 |
| Packer Park | $1,736 |
| Garden Court | $1,734 |
| Francisville | $1,725 |
| Wynnefield Heights | $1,716 |
| Wynnefield | $1,686 |
| Upper Roxborough | $1,682 |
| Andorra | $1,682 |
| East Falls | $1,634 |
| Point Breeze | $1,596 |
| Overbrook Farms | $1,596 |
| West Torresdale | $1,554 |
| West Mount Airy | $1,522 |
| Wissahickon | $1,503 |
| Holmesburg | $1,499 |
| Bustleton | $1,496 |
| Germantown | $1,477 |
| Rhawnhurst | $1,450 |
| Fox Chase | $1,436 |
| Kensington | $1,428 |
| Winchester | $1,418 |
| Cobbs Creek | $1,400 |
| Bells Corner | $1,398 |
| Burholme | $1,385 |
| Cecil B Moore | $1,383 |
| East Oak Lane | $1,375 |
| East Mount Airy | $1,375 |
| Ashton - Woodenbridge | $1,361 |
| Cedarbrook | $1,350 |
| Eastwick Southwest Philadelphia | $1,329 |
| West Oak Lane | $1,308 |
| Olney | $1,293 |
| Logan | $1,271 |
| Cedar Park | $1,268 |
| Fern Rock | $1,268 |
| Walnut Hill | $1,188 |
| Tioga | $1,182 |
| Frankford | $1,105 |
| Ogontz | $1,092 |
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Philadelphia | Rent Comparison by Neighborhood
Rent in Andorra is 24% higher than in Ashton - Woodenbridge
$1,682
Andorra rent is 16% lower than Philadelphia average
Average Rent
$1,682
$1,361
Ashton - Woodenbridge rent is 32% lower than Philadelphia average
Average Rent
$1,361
How Philadelphia Compares to Other Cities
| City | Average Rent |
|---|---|
| Philadelphia | $2,002 |
| Pittsburgh | $1,801 |
| Lehigh Valley | $1,804 |
| Harrisburg | $1,418 |
| Reading | $1,672 |
| State College | $2,173 |
| Allentown | $1,662 |
| York | $1,553 |
| Bethlehem | $1,914 |
| Lancaster | $1,744 |
| Chambersburg | $1,621 |
| Camden, NJ | $1,453 |
| Conshohocken, PA | $2,403 |
| Ardmore, PA | $2,986 |
| Elkins Park, PA | $1,549 |
| Bryn Mawr, PA | $2,131 |
| Haddon Township, NJ | $2,136 |
| Upper Darby, PA | $1,159 |
| Bala Cynwyd, PA | $2,399 |
| Oaklyn, NJ | $1,559 |
| Drexel Hill, PA | $1,461 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Philadelphia apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.