Old City, Philadelphia, PA Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Old City is $2,309, a 1.36% decrease compared to the previous year, when the average rent was $2,341.
Studio Apartments at $1,713 offer the most budget-friendly option with 589 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 717 square feet for $2,185, balancing privacy and affordability.
Two-beedroom units at $3,097 offer 1,069 square feet, perfect for roommates or small families.
Average rent in Old City, Philadelphia, PA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,309 | 772 sq. ft. |
| Studio | $1,713 | 589 sq. ft. |
| 1 Bed | $2,185 | 717 sq. ft. |
| 2 Beds | $3,097 | 1,069 sq. ft. |
| 3 Beds | n/a | n/a |
Old City, Philadelphia, PA rent trends
Rental prices in Old City, Philadelphia, PA have decreased by 1.36% over the past year. The average rent moved from $2,341 to $2,309.
What's the typical rent budget in Old City, Philadelphia, PA?
The largest share of rentals in Old City, Philadelphia, PA (36%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Old City, Philadelphia, PA?
2,435 or 58% of the households in Old City, Philadelphia, PA are renter-occupied while 1,789 or 42% are owner-occupied.
Most affordable neighborhoods in Old City?
Ogontz $1,092/month
Frankford $1,105/month
Tioga $1,182/month
All of these neighborhoods fall below the city wide average of $2,002/month.Most expensive neighborhoods in Old City?
Society Hill $3,303/month
University City $3,322/month
Hawthorne $3,353/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Philadelphia, PA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Hawthorne | $3,353 |
| University City | $3,322 |
| Society Hill | $3,303 |
| Center City West | $2,897 |
| North Philadelphia | $2,672 |
| Powelton Village | $2,623 |
| Passyunk Square | $2,612 |
| Rittenhouse Square | $2,531 |
| Logan Square | $2,428 |
| Northern Liberties | $2,406 |
| Old City | $2,309 |
| Southwest Center City | $2,296 |
| West Poplar | $2,258 |
| Manayunk | $2,239 |
| Market East | $2,232 |
| Olde Kensington | $2,230 |
| Spring Garden | $2,186 |
| East Poplar | $2,152 |
| Fishtown | $2,114 |
| Kensington South | $2,093 |
| Washington Square West | $2,021 |
| Callowhill | $1,997 |
| Chestnut Hill | $1,938 |
| Paradise | $1,897 |
| Cabot | $1,881 |
| East Torresdale | $1,846 |
| Norris Square | $1,813 |
| Central Roxborough | $1,799 |
| Spruce Hill | $1,793 |
| Brewerytown | $1,765 |
| Mantua | $1,763 |
| East Kensington | $1,742 |
| Packer Park | $1,736 |
| Garden Court | $1,734 |
| Francisville | $1,725 |
| Wynnefield Heights | $1,716 |
| Wynnefield | $1,686 |
| Upper Roxborough | $1,682 |
| Andorra | $1,682 |
| East Falls | $1,634 |
| Point Breeze | $1,596 |
| Overbrook Farms | $1,596 |
| West Torresdale | $1,554 |
| West Mount Airy | $1,522 |
| Wissahickon | $1,503 |
| Holmesburg | $1,499 |
| Bustleton | $1,496 |
| Germantown | $1,477 |
| Rhawnhurst | $1,450 |
| Fox Chase | $1,436 |
| Kensington | $1,428 |
| Winchester | $1,418 |
| Cobbs Creek | $1,400 |
| Bells Corner | $1,398 |
| Burholme | $1,385 |
| Cecil B Moore | $1,383 |
| East Oak Lane | $1,375 |
| East Mount Airy | $1,375 |
| Ashton - Woodenbridge | $1,361 |
| Cedarbrook | $1,350 |
| Eastwick Southwest Philadelphia | $1,329 |
| West Oak Lane | $1,308 |
| Olney | $1,293 |
| Logan | $1,271 |
| Cedar Park | $1,268 |
| Fern Rock | $1,268 |
| Walnut Hill | $1,188 |
| Tioga | $1,182 |
| Frankford | $1,105 |
| Ogontz | $1,092 |
Philadelphia | Rent Comparison by Neighborhood
Rent in Old City is 37% higher than in Andorra
Old City rent is the same as Philadelphia average
Andorra rent is 27% lower than Philadelphia average
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 Old 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.