Philadelphia, PA Rental Market Trends

What is the average rent in Philadelphia?

The average rent for an apartment in Philadelphia is $1,896. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Philadelphia, PA

Last updated February 2023

Average Rent	Average Apartment Size
$1,896	791 sq. ft.

What is the average apartment size in Philadelphia?

The average size for a Philadelphia, PA apartment is 791 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

307,740 or 48% of the households in Philadelphia, PA are renter-occupied while 338,868 or 52% are owner-occupied.

Philadelphia, PA rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Philadelphia, PA By Neighborhood

Neighborhood	Average Rent
Bella Vista	$2,751
Dickinson Narrows	$2,751
Hawthorne	$2,751
Passyunk Square	$2,751
Queen Village Pennsport	$2,751
Belmont	$2,735
East Parkside	$2,735
Mantua	$2,735
Powelton Village	$2,735
Saunders Park	$2,735
University City	$2,735
West Powelton	$2,735
Society Hill	$2,654
Spruce Hill	$2,552
West Shore	$2,552
Old City	$2,512
Center City West	$2,448
Rittenhouse Square	$2,425
Logan Square	$2,409
Kensington South	$2,374
Ludlow	$2,374
Norris Square	$2,374
North Philadelphia	$2,374
Olde Kensington	$2,374
Yorktown	$2,334
Fairmount	$2,306
Francisville	$2,306
Spring Garden	$2,306
East Poplar	$2,289
Northern Liberties	$2,289
West Poplar	$2,289
Chinatown	$2,286
Market East	$2,286
Mill Creek	$2,264
Fishtown	$2,186
Washington Square West	$2,164
Southwest Center City	$2,159
Callowhill	$2,134
Center City East	$2,086
Fairmount Park	$2,061
Chestnut Hill	$1,900
Grays Ferry	$1,868
Point Breeze	$1,868
Hunting Park Industrial Area	$1,790
Cathedral Park	$1,744
West Fairmount Park	$1,744
West Parkside	$1,744
Wynnefield	$1,744
Wynnefield Heights	$1,744
Wissahickon Park	$1,732
Haddington	$1,720
Manayunk	$1,718
Upper Roxborough	$1,718
Wissahickon	$1,718
Carroll Park	$1,717
Overbrook	$1,717
Overbrook Farms	$1,717
East Kensington	$1,692
Olde Richmond	$1,692
West Kensington	$1,692
Andorra	$1,645
Central Roxborough	$1,645
Shawmont Valley	$1,645
Allegheny West	$1,637
Paradise	$1,637
Girard Estates	$1,583
Industrial	$1,583
Newbold	$1,583
Packer Park	$1,583
West Passyunk	$1,583
Brewerytown	$1,545
Cabot	$1,545
Cecil B Moore	$1,545
Sharswood	$1,545
East Passyunk	$1,500
Greenwich	$1,500
Lower Moyamensing	$1,500
Riverfront	$1,500
Stadium District	$1,500
Whitman	$1,500
North Central Philadelphia	$1,499
Strawberry Mansion	$1,499
Millbrook	$1,494
Modena Park	$1,494
Normandy	$1,494
Parkwood	$1,494
Walton Park	$1,494
Crestmont Farms	$1,475
Northeast Philadelphia Airport	$1,475
Ashton - Woodenbridge	$1,464
Brookhaven	$1,464
East Torresdale	$1,464
Morrell Park	$1,464
West Torresdale	$1,464
East Falls	$1,444
Academy Gardens	$1,438
Byberry	$1,437
Dunlap	$1,406
Walnut Hill	$1,406
Blue Bell Hill	$1,404
Germantown	$1,404
Morris Park	$1,402
Cobbs Creek Park	$1,399
Green Hill Farms	$1,399
Overbrook Park	$1,399
East Germantown	$1,396
East Mount Airy	$1,396
West Mount Airy	$1,396
Somerton	$1,381
Bustleton	$1,350
Feltonville	$1,332
Hunting Park	$1,332
Olney	$1,332
Pennypack Park	$1,325
Cobbs Creek	$1,318
Melrose Park Gardens	$1,311
Bells Corner	$1,300
Lexington	$1,300
Winchester	$1,300
Rhawnhurst	$1,282
Cedar Park	$1,280
Elmwood	$1,280
Garden Court	$1,280
Kingsessing	$1,280
Holmesburg	$1,273
Pennypack Woods	$1,273
Upper Holmesburg	$1,273
Winchester Park	$1,273
Burholme	$1,262
Fox Chase	$1,262
Lawndale	$1,262
Upper Northwood	$1,262
Mayfair	$1,259
Castor Gardens	$1,259
Oxford Circle	$1,259
West Oak Lane	$1,257
Lawncrest	$1,243
Cedarbrook	$1,243
North Delaware	$1,238
Juniata Park	$1,217
Summerdale	$1,210
East Oak Lane	$1,162
Eastwick Southwest Philadelphia	$1,139
Philadelphia International Airport	$1,139
Ogontz	$1,123
Tacony	$1,116
Wissinoming	$1,116
Fern Rock	$1,100
Logan	$1,100
Forgotten Blocks	$1,049
Tioga	$1,049
West Fairhill	$1,049
Frankford	$997
Frankford Valley	$997
Kensington	$997
Northwood	$997
Whitaker	$997

What are the most affordable neighborhoods in Philadelphia?

The most affordable neighborhoods in Philadelphia are Frankford, where the average rent goes for $997/month, Frankford Valley, where renters pay $997/mo on average, and Kensington, where the average rent goes for $997/mo. If you’re looking for other great deals, check out the listings from Northwood ($997), Whitaker ($997), and Forgotten Blocks ($1,049), where the asking prices are below the average Philadelphia rent of $1,896/mo.

What are the most expensive neighborhoods in Philadelphia?

The most expensive neighborhoods in Philadelphia are Hawthorne ($2,751), Passyunk Square ($2,751) and Queen Village Pennsport ($2,751).

What are the most popular neighborhoods in Philadelphia?

The most popular neighborhood in Philadelphia is Center City West, where there are 42 listings with an average rent of $2,448. Next up is Rittenhouse Square, where apartments go for $2,425/month, followed by Washington Square West with $2,164 If you’re looking to rent in Philadelphia’s most popular neighborhoods, make sure to also check out East Kensington, where renters pay $1,692 on average, and Queen Village Pennsport, where the average monthly rent is $2,751.

Philadelphia | Rent Comparison by Neighborhood

Rent in Academy Gardens is 12% lower than in Allegheny West

$1,438

Academy Gardens rent is 24% lower than Philadelphia average

Average Rent	$1,438

$1,637

Allegheny West rent is 14% lower than Philadelphia average

Average Rent	$1,637

How Philadelphia Compares to Other Cities

City	Average Rent
Philadelphia	$1,896
Pittsburgh	$1,475
Lehigh Valley	$1,602
Harrisburg	$1,291
State College	$1,884
Allentown	$1,523
Mechanicsburg	$1,365
Chester	$1,184
Camp Hill	$1,343
Bethlehem	$1,759
York	$1,395
Camden	$1,213
King of Prussia	$2,025
Cherry Hill	$2,001
Maple Shade	$1,586
Ardmore	$2,110
Bala Cynwyd	$2,307
Haddon Township	$2,027
New Brunswick	$2,356
Conshohocken	$2,008
Feasterville Trevose	$1,537

What is the average price for a storage unit in Philadelphia?

The average rent for a non-climate-controlled 10'x10' storage unit in Philadelphia is $160.19. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.