Center City, Philadelphia, PA Rental Market Trends
Last updated: August 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Center City is $2,520, a 0.59% increase compared to the previous year, when the average rent was $2,505.
Studio Apartments at $1,672 offer the most budget-friendly option with 454 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 726 square feet for $2,305, balancing privacy and affordability.
Two-bedroom units at $3,431 offer 1,101 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,699 sq ft) for $5,672, suitable for larger households.
Average rent in Center City, Philadelphia, PA
Last updated: August 01, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,520 | 785 sq. ft. |
| Studio | $1,672 | 454 sq. ft. |
| 1 Bed | $2,305 | 726 sq. ft. |
| 2 Beds | $3,431 | 1,101 sq. ft. |
| 3 Beds | $5,672 | 1,699 sq. ft. |
Center City, Philadelphia, PA rent trends
Rental prices in Center City, Philadelphia, PA have increased by 0.59% over the past year. The average rent moved from $2,505 to $2,520.
What's the typical rent budget in Center City, Philadelphia, PA?
The largest share of rentals in Center City, Philadelphia, PA (26%) 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 Center City, Philadelphia, PA?
30,283 or 71% of the households in Center City, Philadelphia, PA are renter-occupied while 12,499 or 29% are owner-occupied.
Most affordable neighborhoods in Center City?
Ogontz $1,124/month
Cobbs Creek $1,162/month
Frankford $1,163/month
All of these neighborhoods fall below the city wide average of $2,036/month.Most expensive neighborhoods in Center City?
Society Hill $3,480/month
Hawthorne $3,533/month
Navy Yard $3,657/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 | $3,657 |
| Hawthorne | $3,533 |
| Society Hill | $3,480 |
| University City | $3,343 |
| Center City West | $2,925 |
| North Philadelphia | $2,708 |
| Powelton Village | $2,607 |
| Rittenhouse Square | $2,564 |
| Passyunk Square | $2,486 |
| Logan Square | $2,482 |
| Old City | $2,399 |
| Northern Liberties | $2,306 |
| Market East | $2,302 |
| Southwest Center City | $2,270 |
| Manayunk | $2,266 |
| West Poplar | $2,261 |
| East Poplar | $2,241 |
| Spring Garden | $2,223 |
| Kensington South | $2,155 |
| Fishtown | $2,096 |
| Olde Kensington | $2,085 |
| Callowhill | $2,012 |
| Washington Square West | $1,959 |
| Paradise | $1,913 |
| Chestnut Hill | $1,908 |
| Francisville | $1,904 |
| Mill Creek | $1,837 |
| Cabot | $1,837 |
| Spruce Hill | $1,834 |
| Norris Square | $1,826 |
| East Torresdale | $1,811 |
| Packer Park | $1,788 |
| Brewerytown | $1,787 |
| Central Roxborough | $1,779 |
| Wynnefield Heights | $1,770 |
| East Kensington | $1,748 |
| Mantua | $1,735 |
| Andorra | $1,734 |
| Garden Court | $1,727 |
| Wissahickon | $1,713 |
| Upper Roxborough | $1,707 |
| Wynnefield | $1,683 |
| East Falls | $1,661 |
| Overbrook Farms | $1,597 |
| Point Breeze | $1,586 |
| West Torresdale | $1,532 |
| West Mount Airy | $1,530 |
| Kensington | $1,519 |
| Germantown | $1,518 |
| Somerton | $1,501 |
| Rhawnhurst | $1,485 |
| Bustleton | $1,482 |
| Holmesburg | $1,481 |
| Fox Chase | $1,433 |
| Winchester | $1,431 |
| East Mount Airy | $1,405 |
| East Oak Lane | $1,404 |
| Ashton - Woodenbridge | $1,385 |
| Cedarbrook | $1,379 |
| Bells Corner | $1,365 |
| Cecil B Moore | $1,331 |
| Eastwick Southwest Philadelphia | $1,329 |
| Fern Rock | $1,317 |
| Burholme | $1,300 |
| Olney | $1,286 |
| West Oak Lane | $1,267 |
| Tioga | $1,266 |
| Lexington | $1,264 |
| Logan | $1,234 |
| Cedar Park | $1,224 |
| Walnut Hill | $1,218 |
| Frankford | $1,163 |
| Cobbs Creek | $1,162 |
| Ogontz | $1,124 |
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Philadelphia | Rent Comparison by Neighborhood
Rent in Andorra is 25% higher than in Ashton - Woodenbridge
$1,734
Andorra rent is 31% lower than Philadelphia average
Average Rent
$1,734
$1,385
Ashton - Woodenbridge rent is 45% lower than Philadelphia average
Average Rent
$1,385
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 Center City 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.