Philadelphia, PA Rental Market Trends
What is the average rent in Philadelphia?
The average rent for an apartment in Philadelphia is $1,672, a change amounting to approximately 0% compared to the previous year. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Philadelphia, PA.
Average Rent in Philadelphia, PA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,672 | 0% | 801 sq. ft. |
What is the average apartment size in Philadelphia?
The average size for a Philadelphia, PA apartment is 801 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-$1,00014%
- $1,001-$1,50039%
- $1,501-$2,00023%
- > $2,00024%
Philadelphia, PA Occupied Housing Units
- Renter-occupied Households45%
- Owner-occupied Households54%
275,421 or 45% of the households in Philadelphia, PA are renter-occupied while 325,916 or 54% are owner-occupied.
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 | Mar / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Philadelphia, PA | $1,514 | $1,525 | $1,545 | $1,572 | $1,590 | $1,624 | $1,640 | $1,664 | $1,663 | $1,643 | $1,672 |
| National | $1,315 | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
Average Rent in Philadelphia, PA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Belmont | $2,523 |
| East Parkside | $2,523 |
| Mantua | $2,523 |
| Powelton Village | $2,523 |
| Saunders Park | $2,523 |
| University City | $2,523 |
| West Powelton | $2,523 |
| Bella Vista | $2,489 |
| Hawthorne | $2,489 |
| Passyunk Square | $2,489 |
| Dickinson Narrows | $2,465 |
| Queen Village Pennsport | $2,465 |
| Society Hill | $2,401 |
| Kensington South | $2,363 |
| Ludlow | $2,363 |
| Norris Square | $2,363 |
| North Philadelphia | $2,363 |
| Olde Kensington | $2,363 |
| Spruce Hill | $2,354 |
| West Shore | $2,354 |
| Old City | $2,194 |
| Center City West | $2,162 |
| Rittenhouse Square | $2,145 |
| Logan Square | $2,134 |
| Yorktown | $2,108 |
| Chinatown | $2,063 |
| Market East | $2,063 |
| Fairmount | $2,052 |
| Francisville | $2,052 |
| Spring Garden | $2,052 |
| Mill Creek | $2,031 |
| Washington Square West | $1,956 |
| Southwest Center City | $1,935 |
| Fairmount Park | $1,891 |
| Center City East | $1,881 |
| Callowhill | $1,874 |
| East Poplar | $1,850 |
| Northern Liberties | $1,850 |
| West Poplar | $1,850 |
| East Passyunk | $1,841 |
| Greenwich | $1,841 |
| Lower Moyamensing | $1,841 |
| Riverfront | $1,841 |
| Stadium District | $1,841 |
| Whitman | $1,841 |
| Fishtown | $1,799 |
| Chestnut Hill | $1,663 |
| Grays Ferry | $1,656 |
| Point Breeze | $1,656 |
| Brewerytown | $1,584 |
| Cabot | $1,584 |
| Cecil B Moore | $1,584 |
| Sharswood | $1,584 |
| Hunting Park Industrial Area | $1,557 |
| East Kensington | $1,554 |
| Olde Richmond | $1,554 |
| West Kensington | $1,554 |
| Cathedral Park | $1,530 |
| West Fairmount Park | $1,530 |
| West Parkside | $1,530 |
| Wynnefield | $1,530 |
| Wynnefield Heights | $1,530 |
| North Central Philadelphia | $1,515 |
| Strawberry Mansion | $1,515 |
| Carroll Park | $1,507 |
| Overbrook | $1,507 |
| Overbrook Farms | $1,507 |
| Wissahickon Park | $1,506 |
| Manayunk | $1,501 |
| Upper Roxborough | $1,501 |
| Wissahickon | $1,501 |
| Haddington | $1,496 |
| Allegheny West | $1,425 |
| Paradise | $1,425 |
| Andorra | $1,425 |
| Central Roxborough | $1,425 |
| Shawmont Valley | $1,425 |
| Girard Estates | $1,383 |
| Industrial | $1,383 |
| Newbold | $1,383 |
| Packer Park | $1,383 |
| West Passyunk | $1,383 |
| East Falls | $1,326 |
| Blue Bell Hill | $1,299 |
| Germantown | $1,299 |
| East Germantown | $1,290 |
| Cedar Park | $1,264 |
| Elmwood | $1,264 |
| Garden Court | $1,264 |
| Kingsessing | $1,264 |
| Millbrook | $1,262 |
| Modena Park | $1,262 |
| Normandy | $1,262 |
| Parkwood | $1,262 |
| Walton Park | $1,262 |
| Cobbs Creek Park | $1,242 |
| Green Hill Farms | $1,242 |
| Overbrook Park | $1,242 |
| East Mount Airy | $1,239 |
| West Mount Airy | $1,239 |
| Crestmont Farms | $1,222 |
| Northeast Philadelphia Airport | $1,222 |
| Ashton - Woodenbridge | $1,199 |
| Brookhaven | $1,199 |
| East Torresdale | $1,199 |
| Morrell Park | $1,199 |
| West Torresdale | $1,199 |
| Byberry | $1,197 |
| Cobbs Creek | $1,183 |
| Academy Gardens | $1,179 |
| Somerton | $1,133 |
| Bells Corner | $1,124 |
| Lexington | $1,124 |
| Winchester | $1,124 |
| Morris Park | $1,118 |
| Rhawnhurst | $1,108 |
| Pennypack Park | $1,102 |
| Bustleton | $1,095 |
| Eastwick Southwest Philadelphia | $1,091 |
| Philadelphia International Airport | $1,091 |
| Burholme | $1,089 |
| Fox Chase | $1,089 |
| Lawndale | $1,089 |
| Upper Northwood | $1,089 |
| Castor Gardens | $1,074 |
| Oxford Circle | $1,074 |
| West Oak Lane | $1,072 |
| Melrose Park Gardens | $1,057 |
| Holmesburg | $1,050 |
| Pennypack Woods | $1,050 |
| Upper Holmesburg | $1,050 |
| Winchester Park | $1,050 |
| North Delaware | $1,045 |
| Summerdale | $1,039 |
| Lawncrest | $1,036 |
| Cedarbrook | $1,035 |
| Mayfair | $1,034 |
| Tacony | $1,029 |
| Wissinoming | $1,029 |
| Feltonville | $1,026 |
| Hunting Park | $1,026 |
| Olney | $1,026 |
| East Oak Lane | $1,020 |
| Ogontz | $1,000 |
| Fern Rock | $979 |
| Logan | $979 |
| Juniata Park | $961 |
| Dunlap | $951 |
| Walnut Hill | $951 |
| Forgotten Blocks | $918 |
| Tioga | $918 |
| West Fairhill | $918 |
| Frankford | $831 |
| Frankford Valley | $831 |
| Kensington | $831 |
| Northwood | $831 |
| Whitaker | $831 |
What are the most affordable neighborhoods in Philadelphia?
The most affordable neighborhoods in Philadelphia are Frankford, where the average rent goes for $831/month, Frankford Valley, where renters pay $831/mo on average, and Kensington, where the average rent goes for $831/mo. If you’re looking for other great deals, check out the listings from Northwood ($831), Whitaker ($831), and Forgotten Blocks ($918), where the asking prices are below the average Philadelphia rent of $1,672/mo.
What are the most expensive neighborhoods in Philadelphia?
The most expensive neighborhoods in Philadelphia are Saunders Park ($2,523), University City ($2,523) and West Powelton ($2,523).
What are the most popular neighborhoods in Philadelphia?
The most popular neighborhood in Philadelphia is Rittenhouse Square, where there are 37 verified RENTCafé listings with an average rent of $2,145. Next up is Center City West, where apartments go for $2,162/month, followed by Washington Square West with $1,956 If you’re looking to rent in Philadelphia’s most popular neighborhoods, make sure to also check out East Kensington, where renters pay $1,554 on average, and Logan Square, where the average monthly rent is $2,134.
Philadelphia | Rent Comparison by Neighborhood
Rent in Academy Gardens is 17% lower than in Allegheny West
Academy Gardens rent is 29% lower than Philadelphia average
| Average Rent | $1,179 |
|---|
Allegheny West rent is 15% lower than Philadelphia average
| Average Rent | $1,425 |
|---|
How Philadelphia Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Philadelphia | $1,672 | n/a |
| Pittsburgh | $1,256 | -1% |
| Lehigh Valley | $1,323 | 6% |
| Allentown | $1,241 | 6% |
| Bethlehem | $1,466 | 7% |
| Exton | $1,768 | 5% |
| West Chester | $1,621 | 4% |
| Camden | $1,038 | 2% |
| Collingswood | $1,760 | 5% |
| Haddon Township | $1,760 | 5% |
| Cherry Hill | $1,647 | 6% |
Most Popular Apartments in Philadelphia
The Willows At Wissahickon - Formerly Cricket Court Commons
- 2-3 Beds
- 1-2 Baths
- 495 - 1,110 Sq.Ft.