Philadelphia, PA Rental Market Trends
Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Philadelphia is $2,038, a 2.52% increase compared to the previous year, when the average rent was $1,988.
Studio Apartments at $1,498 offer the most budget-friendly option with 460 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 699 square feet for $1,863, balancing privacy and affordability.
Two-bedroom units at $2,348 offer 986 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,378 sq ft) for $3,527, suitable for larger households.
Average rent in Philadelphia, PA
Last updated: August 31, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,038 | 783 sq. ft. |
| Studio | $1,498 | 460 sq. ft. |
| 1 Bed | $1,863 | 699 sq. ft. |
| 2 Beds | $2,348 | 986 sq. ft. |
| 3 Beds | $3,527 | 1,378 sq. ft. |
Philadelphia, PA rent trends
What's the typical rent budget in Philadelphia, PA?
The largest share of rentals in Philadelphia, PA (32%) 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?
327,523 or 48% of the households in Philadelphia, PA are renter-occupied while 351,905 or 52% are owner-occupied.
Most affordable neighborhoods in Philadelphia?
Ogontz $1,073/month
Frankford $1,184/month
Walnut Hill $1,223/month
All of these neighborhoods fall below the city wide average of $2,038/month.Most expensive neighborhoods in Philadelphia?
Society Hill $3,485/month
Hawthorne $3,598/month
Navy Yard $3,647/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Philadelphia, PA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Navy Yard | $3,647 |
| Hawthorne | $3,598 |
| Society Hill | $3,485 |
| University City | $3,352 |
| Center City West | $2,899 |
| North Philadelphia | $2,718 |
| Powelton Village | $2,613 |
| Rittenhouse Square | $2,592 |
| Logan Square | $2,492 |
| Passyunk Square | $2,481 |
| Old City | $2,416 |
| West Poplar | $2,336 |
| Market East | $2,291 |
| Southwest Center City | $2,286 |
| Manayunk | $2,269 |
| East Poplar | $2,258 |
| Spring Garden | $2,214 |
| Kensington South | $2,121 |
| Olde Kensington | $2,096 |
| Fishtown | $2,080 |
| Northern Liberties | $2,042 |
| Callowhill | $2,013 |
| Washington Square West | $1,966 |
| Paradise | $1,915 |
| Chestnut Hill | $1,894 |
| Packer Park | $1,861 |
| Mill Creek | $1,844 |
| Cabot | $1,844 |
| Francisville | $1,842 |
| Spruce Hill | $1,829 |
| Norris Square | $1,815 |
| East Torresdale | $1,813 |
| Central Roxborough | $1,798 |
| Brewerytown | $1,782 |
| Wynnefield Heights | $1,776 |
| East Kensington | $1,754 |
| Mantua | $1,741 |
| Andorra | $1,737 |
| Garden Court | $1,727 |
| Upper Roxborough | $1,708 |
| Wynnefield | $1,692 |
| East Falls | $1,660 |
| Wissahickon | $1,633 |
| Overbrook Farms | $1,594 |
| Point Breeze | $1,589 |
| Kensington | $1,578 |
| West Torresdale | $1,555 |
| West Mount Airy | $1,525 |
| Germantown | $1,513 |
| Somerton | $1,497 |
| Bustleton | $1,489 |
| Holmesburg | $1,484 |
| Rhawnhurst | $1,480 |
| Fox Chase | $1,435 |
| Winchester | $1,424 |
| East Mount Airy | $1,413 |
| East Oak Lane | $1,406 |
| Cedarbrook | $1,386 |
| Ashton - Woodenbridge | $1,379 |
| Cecil B Moore | $1,379 |
| Bells Corner | $1,375 |
| Eastwick Southwest Philadelphia | $1,329 |
| Fern Rock | $1,297 |
| Olney | $1,291 |
| Cobbs Creek | $1,276 |
| Tioga | $1,270 |
| Logan | $1,269 |
| Burholme | $1,267 |
| West Oak Lane | $1,264 |
| Lexington | $1,261 |
| Cedar Park | $1,228 |
| Walnut Hill | $1,223 |
| Frankford | $1,184 |
| Ogontz | $1,073 |
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Philadelphia | Rent Comparison by Neighborhood
Rent in Andorra is 26% higher than in Ashton - Woodenbridge
$1,737
Andorra rent is 15% lower than Philadelphia average
Average Rent
$1,737
$1,379
Ashton - Woodenbridge rent is 32% lower than Philadelphia average
Average Rent
$1,379
How Philadelphia Compares to Other Cities
| City | Average Rent |
|---|---|
| Philadelphia | $2,038 |
| Pittsburgh | $1,850 |
| Lehigh Valley | $1,851 |
| Harrisburg | $1,435 |
| Reading | $1,688 |
| Allentown | $1,676 |
| State College | $2,127 |
| York | $1,594 |
| Lancaster | $1,833 |
| Bethlehem | $1,906 |
| Mechanicsburg | $1,538 |
| Camden, NJ | $1,458 |
| Conshohocken, PA | $2,419 |
| Ardmore, PA | $3,012 |
| Bryn Mawr, PA | $2,100 |
| Haddon Township, NJ | $2,156 |
| Upper Darby, PA | $1,170 |
| Maple Shade, NJ | $1,788 |
| Elkins Park, PA | $1,651 |
| Bala Cynwyd, PA | $2,445 |
| Merchantville, NJ | $1,727 |
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.