Philadelphia, PA Rental Market Trends
Last updated: July 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Philadelphia is $2,027, a 1.64% increase compared to the previous year, when the average rent was $1,994.
Studio Apartments at $1,499 offer the most budget-friendly option with 460 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 700 square feet for $1,856, balancing privacy and affordability.
Two-beedroom units at $2,323 offer 987 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,382 sq ft) for $3,512, suitable for larger households.
Average rent in Philadelphia, PA
Last updated: July 02, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,027 | 784 sq. ft. |
| Studio | $1,499 | 460 sq. ft. |
| 1 Bed | $1,856 | 700 sq. ft. |
| 2 Beds | $2,323 | 987 sq. ft. |
| 3 Beds | $3,512 | 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 (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 $1,071/month
Frankford $1,140/month
Tioga $1,179/month
All of these neighborhoods fall below the city wide average of $2,027/month.Most expensive neighborhoods in Philadelphia?
University City $3,339/month
Hawthorne $3,440/month
Society Hill $3,476/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Philadelphia, PA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Society Hill | $3,476 |
| Hawthorne | $3,440 |
| University City | $3,339 |
| Center City West | $2,970 |
| Powelton Village | $2,635 |
| Passyunk Square | $2,612 |
| Rittenhouse Square | $2,604 |
| North Philadelphia | $2,589 |
| Northern Liberties | $2,500 |
| Logan Square | $2,483 |
| Old City | $2,364 |
| Southwest Center City | $2,307 |
| Market East | $2,302 |
| West Poplar | $2,256 |
| Manayunk | $2,254 |
| East Poplar | $2,240 |
| Spring Garden | $2,224 |
| Olde Kensington | $2,209 |
| Fishtown | $2,149 |
| Kensington South | $2,077 |
| Washington Square West | $2,071 |
| Callowhill | $2,027 |
| Mill Creek | $1,951 |
| Chestnut Hill | $1,937 |
| Paradise | $1,909 |
| Cabot | $1,876 |
| Francisville | $1,866 |
| East Torresdale | $1,858 |
| Brewerytown | $1,814 |
| Norris Square | $1,814 |
| Spruce Hill | $1,810 |
| Central Roxborough | $1,809 |
| Mantua | $1,759 |
| Wynnefield Heights | $1,756 |
| Garden Court | $1,748 |
| East Kensington | $1,740 |
| Packer Park | $1,723 |
| Andorra | $1,694 |
| Upper Roxborough | $1,693 |
| Wynnefield | $1,676 |
| East Falls | $1,631 |
| Point Breeze | $1,603 |
| Overbrook Farms | $1,595 |
| Wissahickon | $1,541 |
| West Mount Airy | $1,529 |
| Kensington | $1,525 |
| Holmesburg | $1,504 |
| Bustleton | $1,498 |
| Germantown | $1,495 |
| West Torresdale | $1,493 |
| Fox Chase | $1,473 |
| Rhawnhurst | $1,468 |
| Winchester | $1,421 |
| East Oak Lane | $1,389 |
| Cecil B Moore | $1,387 |
| Ashton - Woodenbridge | $1,378 |
| East Mount Airy | $1,371 |
| Cedarbrook | $1,356 |
| Burholme | $1,346 |
| Bells Corner | $1,331 |
| Eastwick Southwest Philadelphia | $1,329 |
| West Oak Lane | $1,305 |
| Fern Rock | $1,292 |
| Olney | $1,290 |
| Logan | $1,268 |
| Cedar Park | $1,264 |
| Lexington | $1,263 |
| Cobbs Creek | $1,223 |
| Walnut Hill | $1,192 |
| Tioga | $1,179 |
| Frankford | $1,140 |
| Ogontz | $1,071 |
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Philadelphia | Rent Comparison by Neighborhood
Rent in Andorra is 23% higher than in Ashton - Woodenbridge
$1,694
Andorra rent is 16% lower than Philadelphia average
Average Rent
$1,694
$1,378
Ashton - Woodenbridge rent is 32% lower than Philadelphia average
Average Rent
$1,378
How Philadelphia Compares to Other Cities
| City | Average Rent |
|---|---|
| Philadelphia | $2,027 |
| Pittsburgh | $1,828 |
| Lehigh Valley | $1,836 |
| Harrisburg | $1,436 |
| Reading | $1,679 |
| State College | $2,139 |
| Allentown | $1,678 |
| York | $1,567 |
| Lancaster | $1,776 |
| Mechanicsburg | $1,550 |
| Bethlehem | $1,925 |
| Camden, NJ | $1,419 |
| Conshohocken, PA | $2,414 |
| Bryn Mawr, PA | $2,147 |
| Ardmore, PA | $3,040 |
| Elkins Park, PA | $1,559 |
| Haddon Township, NJ | $2,148 |
| Upper Darby, PA | $1,167 |
| Bala Cynwyd, PA | $2,469 |
| Drexel Hill, PA | $1,491 |
| Maple Shade, NJ | $1,778 |
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.