Old City, Philadelphia, PA Rental Market Trends
Last updated: July 03, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Old City is $2,364, a 0.1% increase compared to the previous year, when the average rent was $2,362.
Studio Apartments at $1,736 offer the most budget-friendly option with 571 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 713 square feet for $2,222, balancing privacy and affordability.
Two-beedroom units at $3,172 offer 1,060 square feet, perfect for roommates or small families.
Average rent in Old City, Philadelphia, PA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,364 | 770 sq. ft. |
| Studio | $1,736 | 571 sq. ft. |
| 1 Bed | $2,222 | 713 sq. ft. |
| 2 Beds | $3,172 | 1,060 sq. ft. |
| 3 Beds | n/a | n/a |
Old City, Philadelphia, PA rent trends
Rental prices in Old City, Philadelphia, PA have increased by 0.1% over the past year. The average rent moved from $2,362 to $2,364.
What's the typical rent budget in Old City, Philadelphia, PA?
The largest share of rentals in Old City, Philadelphia, PA (34%) 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?
2,489 or 57% of the households in Old City, Philadelphia, PA are renter-occupied while 1,849 or 43% are owner-occupied.
Most affordable neighborhoods in Old City?
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 Old City?
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 |
| Somerton | $1,536 |
| 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 |
Philadelphia | Rent Comparison by Neighborhood
Rent in Old City is 40% higher than in Andorra
Old City rent is the same as Philadelphia average
Andorra rent is 28% 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.