Philadelphia, PA Rental Market Trends
What is the average rent in Philadelphia?
The average rent for an apartment in Philadelphia is $1,812. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Philadelphia, PA
| Average Rent | Average Apartment Size |
|---|---|
| $1,812 | 797 sq. ft. |
What is the average apartment size in Philadelphia?
The average size for a Philadelphia, PA apartment is 797 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
Philadelphia, PA Occupied Housing Units
282,227 or 46% of the households in Philadelphia, PA are renter-occupied while 330,898 or 53% are owner-occupied.
Philadelphia, PA Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Philadelphia, PA | $1,572 | $1,590 | $1,624 | $1,640 | $1,664 | $1,663 | $1,643 | $1,672 | $1,724 | $1,774 | $1,812 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Philadelphia, PA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Bella Vista | $2,784 |
| Hawthorne | $2,784 |
| Passyunk Square | $2,784 |
| Dickinson Narrows | $2,772 |
| Queen Village Pennsport | $2,772 |
| Society Hill | $2,766 |
| Belmont | $2,761 |
| East Parkside | $2,761 |
| Mantua | $2,761 |
| Powelton Village | $2,761 |
| Saunders Park | $2,761 |
| University City | $2,761 |
| West Powelton | $2,761 |
| Spruce Hill | $2,570 |
| West Shore | $2,570 |
| Old City | $2,514 |
| Center City West | $2,349 |
| Kensington South | $2,337 |
| Ludlow | $2,337 |
| Norris Square | $2,337 |
| North Philadelphia | $2,337 |
| Olde Kensington | $2,337 |
| Rittenhouse Square | $2,333 |
| Logan Square | $2,320 |
| Chinatown | $2,306 |
| Market East | $2,306 |
| Fairmount | $2,236 |
| Francisville | $2,236 |
| Spring Garden | $2,236 |
| Mill Creek | $2,222 |
| Yorktown | $2,202 |
| Southwest Center City | $2,143 |
| Washington Square West | $2,136 |
| East Poplar | $2,052 |
| Northern Liberties | $2,052 |
| West Poplar | $2,052 |
| Callowhill | $2,046 |
| Center City East | $2,044 |
| Fairmount Park | $1,990 |
| Fishtown | $1,985 |
| Grays Ferry | $1,890 |
| Point Breeze | $1,890 |
| Chestnut Hill | $1,829 |
| Hunting Park Industrial Area | $1,716 |
| Wissahickon Park | $1,681 |
| Cathedral Park | $1,677 |
| West Fairmount Park | $1,677 |
| West Parkside | $1,677 |
| Wynnefield | $1,677 |
| Wynnefield Heights | $1,677 |
| Manayunk | $1,669 |
| Upper Roxborough | $1,669 |
| Wissahickon | $1,669 |
| East Kensington | $1,660 |
| Olde Richmond | $1,660 |
| West Kensington | $1,660 |
| Carroll Park | $1,652 |
| Overbrook | $1,652 |
| Overbrook Farms | $1,652 |
| Girard Estates | $1,642 |
| Industrial | $1,642 |
| Newbold | $1,642 |
| Packer Park | $1,642 |
| West Passyunk | $1,642 |
| Haddington | $1,636 |
| Andorra | $1,605 |
| Central Roxborough | $1,605 |
| Shawmont Valley | $1,605 |
| Allegheny West | $1,543 |
| Paradise | $1,543 |
| East Passyunk | $1,500 |
| Greenwich | $1,500 |
| Lower Moyamensing | $1,500 |
| Riverfront | $1,500 |
| Stadium District | $1,500 |
| Whitman | $1,500 |
| Millbrook | $1,437 |
| Modena Park | $1,437 |
| Normandy | $1,437 |
| Parkwood | $1,437 |
| Walton Park | $1,437 |
| East Falls | $1,409 |
| Brewerytown | $1,375 |
| Cabot | $1,375 |
| Cecil B Moore | $1,375 |
| Sharswood | $1,375 |
| Crestmont Farms | $1,374 |
| Northeast Philadelphia Airport | $1,374 |
| Blue Bell Hill | $1,373 |
| Germantown | $1,373 |
| East Germantown | $1,368 |
| Cobbs Creek Park | $1,354 |
| Green Hill Farms | $1,354 |
| Overbrook Park | $1,354 |
| Cedar Park | $1,345 |
| Elmwood | $1,345 |
| Garden Court | $1,345 |
| Kingsessing | $1,345 |
| Ashton - Woodenbridge | $1,339 |
| Brookhaven | $1,339 |
| East Torresdale | $1,339 |
| Morrell Park | $1,339 |
| West Torresdale | $1,339 |
| Byberry | $1,330 |
| East Mount Airy | $1,316 |
| West Mount Airy | $1,316 |
| North Central Philadelphia | $1,315 |
| Strawberry Mansion | $1,315 |
| Academy Gardens | $1,312 |
| Cobbs Creek | $1,252 |
| Bells Corner | $1,250 |
| Lexington | $1,250 |
| Winchester | $1,250 |
| West Oak Lane | $1,240 |
| Pennypack Park | $1,230 |
| Bustleton | $1,229 |
| Cedarbrook | $1,227 |
| Somerton | $1,226 |
| Rhawnhurst | $1,226 |
| Melrose Park Gardens | $1,213 |
| Castor Gardens | $1,207 |
| Oxford Circle | $1,207 |
| Burholme | $1,198 |
| Fox Chase | $1,198 |
| Lawndale | $1,198 |
| Upper Northwood | $1,198 |
| Morris Park | $1,197 |
| Feltonville | $1,194 |
| Hunting Park | $1,194 |
| Olney | $1,194 |
| Mayfair | $1,193 |
| Eastwick Southwest Philadelphia | $1,162 |
| Philadelphia International Airport | $1,162 |
| Lawncrest | $1,153 |
| Holmesburg | $1,142 |
| Pennypack Woods | $1,142 |
| Upper Holmesburg | $1,142 |
| Winchester Park | $1,142 |
| Summerdale | $1,137 |
| East Oak Lane | $1,127 |
| North Delaware | $1,123 |
| Ogontz | $1,104 |
| Juniata Park | $1,088 |
| Fern Rock | $1,069 |
| Logan | $1,069 |
| Tacony | $1,056 |
| Wissinoming | $1,056 |
| Dunlap | $985 |
| Walnut Hill | $985 |
| Forgotten Blocks | $876 |
| Tioga | $876 |
| West Fairhill | $876 |
| Frankford | $873 |
| Frankford Valley | $873 |
| Kensington | $873 |
| Northwood | $873 |
| Whitaker | $873 |
What are the most affordable neighborhoods in Philadelphia?
The most affordable neighborhoods in Philadelphia are Frankford, where the average rent goes for $873/month, Frankford Valley, where renters pay $873/mo on average, and Kensington, where the average rent goes for $873/mo. If you’re looking for other great deals, check out the listings from Northwood ($873), Whitaker ($873), and Forgotten Blocks ($876), where the asking prices are below the average Philadelphia rent of $1,812/mo.
What are the most expensive neighborhoods in Philadelphia?
The most expensive neighborhoods in Philadelphia are Bella Vista ($2,784), Hawthorne ($2,784) and Passyunk Square ($2,784).
What are the most popular neighborhoods in Philadelphia?
The most popular neighborhood in Philadelphia is Rittenhouse Square, where there are 38 verified RentCafe listings with an average rent of $2,333. Next up is Center City West, where apartments go for $2,349/month, followed by Washington Square West with $2,136 If you’re looking to rent in Philadelphia’s most popular neighborhoods, make sure to also check out East Kensington, where renters pay $1,660 on average, and Queen Village Pennsport, where the average monthly rent is $2,772.
Philadelphia | Rent Comparison by Neighborhood
Rent in Academy Gardens is 15% lower than in Allegheny West
Academy Gardens rent is 28% lower than Philadelphia average
| Average Rent | $1,312 |
|---|
Allegheny West rent is 15% lower than Philadelphia average
| Average Rent | $1,543 |
|---|
How Philadelphia Compares to Other Cities
| City | Average Rent |
|---|---|
| Philadelphia | $1,812 |
| Pittsburgh | $1,378 |
| Lehigh Valley | $1,503 |
| State College | $1,771 |
| Mechanicsburg | $1,285 |
| Allentown | $1,450 |
| Bethlehem | $1,642 |
| Camp Hill | $1,273 |
| Camden | $1,147 |
| Exton | $2,091 |
| King of Prussia | $1,948 |
| Lansdale | $1,835 |
| West Chester | $1,852 |
| Cherry Hill | $1,912 |
| Collingswood | $1,906 |
| Haddon Township | $1,906 |
| New Brunswick | $2,142 |
| Maple Shade | $1,656 |
| Abington | $1,303 |
| Elkins Park | $1,563 |
| Moorestown | $1,873 |
Most Popular Apartments in Philadelphia
The View At Old City
401 Race Street, Philadelphia, PA 19106- Studio
- 1 BED
- 2 BEDS
- $1,600
- $1,955
- $2,909
1919 Market St.
1919 Market Street, Philadelphia, PA 19103- Studio
- 1 BED
- 2+ BEDS
- $2,255+
- $2,550+
- $3,835+
Alden Park
5500 Wissahickon Avenue, Philadelphia, PA 19144- Studio
- 1 BED
- 2+ BEDS
- $1,111+
- $1,360+
- $2,046+