Luxury Apartments for Rent in Philadelphia, PA - 461 Rentals available

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Philadelphia’s Best Neighborhoods for Renters

Renowned internationally for its cheesesteaks and home to the Declaration of Independence, Philadelphia has that small-town charm with all the perks of a big city. Plus, this sixth-largest metro area in the U.S. is only a few hours from New York City and Washington, D.C., so neighborhoods in Philly are just as diverse as you’d expect them to be.

To help out, we put together a list of the most googled neighborhoods in the city by other renters like you. Check them out below:

Manayunk: Philly’s Vibrant and Charming Neighborhood

Manayunk is a charming, historical neighborhood in Northwest Philadelphia peppered with small boutiques and lively restaurants. Conveniently located just 15 minutes from downtown...
East Falls, Philadelphia: Historic, Suburban Appeal Minutes from Center City

East Falls is a quiet little gem on the Schuylkill River. It’s the beginning of a much more residential, almost suburban, section of Philadelphia, which spreads out into neighboring Manayunk, Germantown and...
Rittenhouse Square, Philadelphia: A Historic Neighborhood Layered With Elegance

For many Philadelphians, Rittenhouse Square is the heart of Center City. It’s where the city comes to gather in nicer weather, picnicking on the immaculately kept lawns while dogs...
Philly’s Old City is Immersed in American History & Local Culture

Tucked into the tiny cobblestone streets of Old City lies Philadelphia’s most historic neighborhood. A part of the original city of Philadelphia, Old City is where some of the nation’s earliest and most...
South Philadelphia Is One of the Most Diverse and Expansive Areas in Philly

No one calls the neighborhood that covers the bottom portion of the city “South Philadelphia”. Down here, it’s South Philly. This is the no-nonsense neighborhood, diverse and expansive. It’s where Rocky...
Center City: The Original City of Philadelphia is Still its Hub

Center City is the bustling business hub of Philadelphia right in the center of the city. It’s the grid of streets that spans from the Schuylkill River on the East side to the Delaware River...
Enjoy Some Victorian Charm in Philadelphia’s Chestnut Hill Neighborhood

Dubbed the “Garden District of Philadelphia”, Chestnut Hill is the old, beautiful neighborhood that somehow feels both comfortable and luxurious. Victorian houses with shaded, wrap-around porches...

Northern Liberties is Philly’s Most Booming Neighborhood

When it comes to a hip, up-and-coming neighborhood, it does not get much trendier than Philadelphia’s Northern Liberties. With young professionals and families...
Abundant in Entertainment and Great Food, Fishtown Is Philly’s Hottest Neighborhood

The Fishtown neighborhood has been named a lot of things: New York City’s 6th borough, the hottest neighborhood in the country, the hipster heaven. Whatever you call it, one thing is true, Fishtown...
West Philly Is Philadelphia’s Most Eclectic Neighborhood

A diverse culture mashup, West Philadelphia is one of the most interesting and eclectic of Philly’s neighborhoods. It’s more an area than a neighborhood, a combination of many...

Philadelphia’s average rent reached $1,685 in April

Philadelphia’s average rent reached $1,685 in April, after a 1.5% increase since last year. A thriving economic and cultural hub with a 44% renter share, Philadelphia is a desirable place to live and work in, with apartment prices above the national average of $1,417. [View Full Report]

Philadelphia’s average rent was $1,685 in April

The average rent for an apartment in Philadelphia rose slower than in other surrounding cities, such as Upper Darby ($946), where prices went up by 4.5%. Meanwhile, apartment rates in Bensalem increased by 8.2%, reaching a $1,372 average.

What it costs to rent in the largest renter hubs in the Philadelphia area

West Chester, the city with the largest renter share (63%) in the Philadelphia area, has a $1,637 average rent, after an 4.7% annual increase. The second largest renter hub, Norristown, has a 62% renter share, with its apartments going for $1,375 on average (up by 1.8% since last year). Exton and its 52% share of renters follows, with a $1,829 average apartment price.

Pottstown also has a 52% renter share, with apartments going for $1,241 after a 7.3% yearly increase. Last but not least, Bryn Mawr's 51% share of renters places it fifth among the area’s renter hubs. The city’s average rent reached $1,764 in April, going up by 3.8% in the past year.

The priciest and cheapest cities for renters in the Philadelphia area

Exton is the priciest city for renters in the Philadelphia area, with apartments renting for $1,829 per month. Malvern’s $1,807 rate is the second most expensive, while apartments in Bryn Mawr ($1,764) come in third.

For renters in search of budget-friendly apartments, Upper Darby's $946 average rent is the cheapest in the Philadelphia area, followed by Drexel Hill's $1,178 rate. Morrisville rentals are the third least pricey on the list, with a $1,209 average rent as of April.

Philadelphia apartment rents in popular ZIP codes for renters

Among Philadelphia's most popular renter ZIP codes, 19103 has a $2,206 average rent, above the city average ($1,685). At the same time, rentals in ZIP 19104 go for $2,551, while prices in ZIP 19144 circle around $1,302. Apartment rents in ZIP 19131 clock in at around $1,561, lower than the Philadelphia average, while rates in ZIP 19102 average at $2,238.

Check out how average rents evolved across the Philadelphia area

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Look for luxury apartments near me

Looking for a top of the line, luxury apartment near you to move in to? Are you interested in having all new appliances, on site amenities, a gym, a pool, and private parking? Take a look at our high-end listings and search for the apartment that provides all that you need to feel at home using filters for top community and apartment amenities. On RENTCafé you can find the luxury apartment you are looking for whether it's near you, in a specific neighborhood or ZIP code, or in the best area in town.

RENTCafé can help you find the best luxury apartment for you by allowing you to compare location, size and price. May it be near where you live now or anywhere in the U.S. that you want to move to, let's help you choose the perfect apartment.

Frequently Asked Questions

What is the price of a luxury apartment in Philadelphia, PA?

The price range is between $900 and $24,995. Find luxury apartments in Philadelphia, PA.

How many luxury rentals are available in Philadelphia, PA on RENTCafé?

There are 454 luxury rentals available on RENTCafé. Prices and availability in Philadelphia, PA were last updated on 24 Jun 2021.

What is the average size of a luxury apartment in Philadelphia, PA?

The average Philadelphia, PA luxury apartment size is 996 sq. ft.

What are the advantages of renting a luxury apartment in Philadelphia, PA?

Renting a luxury apartment in Philadelphia, PA comes with many amenities, more space and central locations.

What are the downsides of renting a luxury apartment in Philadelphia, PA?

Luxury apartments tend to be more expensive and have higher utility bills. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Philadelphia, PA.

Philadelphia, PA Demographics

Total Population1,579,075
Female 747,479

Male 831,596
Median Age34.4

Average Rent in Philadelphia, PA

Philadelphia, PA Average Rental Price, May 2021 $1,688 ^/mo

Philadelphia, PA Apartment Rent Ranges

$701-$1,00012%
$1,001-$1,50040%
$1,501-$2,00024%
> $2,00024%

Philadelphia, PA Rent Trends

Average Rent	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Jul / 2019	Nov / 2019	Mar / 2020	Jul / 2020	Nov / 2020	Mar / 2021	May / 2021
Philadelphia, PA	$1,525	$1,545	$1,572	$1,590	$1,624	$1,640	$1,664	$1,663	$1,643	$1,672	$1,688
National	$1,314	$1,345	$1,354	$1,358	$1,390	$1,397	$1,400	$1,392	$1,396	$1,407	$1,428

Check out the average rent prices in Philadelphia by neighborhood.

Philadelphia, PA Households

Total Number of Households601,337
Family 325,916

Non-family 275,421
Children 163,078

No Children 438,259

Average People Per Household2.55
Median Household Income$45,927
Median Housing Costs Per Month$994

Philadelphia, PA Education Statistics

No High School5%
Some High School43%
Some College19%
Associate Degree5%
Bachelor Degree17%
Graduate Degree11%

Renting a luxury apartment in Philadelphia, PA

Comfort is an essential element to your happiness, which is why we selected the best apartments in Philadelphia, PA, uniquely designed to satisfy your need for luxury. Finely detailed craftsmanship, meticulously chosen color contrasts and high-level amenities complement modern apartments. The community living spaces have indoor pools, ultra-modern spas and wine rooms, a cut above anything you’ve seen before. Upscale apartments can be a real showstopper and you can find yours in one of the 61 outstanding buildings in Philadelphia, PA. Right now, there are as many as 461 luxury apartments to choose from in Philadelphia, PA that pride in being the best of the best. And, as they say -- beauty comes in all shapes and sizes -- you can find luxury studio apartments, large apartments and even luxury townhomes available, depending on your needs. Make sure you do not miss the chance to level up your lifestyle with one of these stunners!

Affordable high rise apartments

If you are looking for a luxurious home in Philadelphia, PA but you’re held back by a limited budget, there is no reason to despair. Marvelously furnished apartments are available for you right now at great prices. Do you dream of a custom-designed rental that exudes glamour and character, but yare afraid you won’t afford rent in a high-end apartment complex? Sleek finishes, roof-top pools and monumental granite fireplaces sound expensive and all, but luxury living is not unattainable. Do you dream of drinking your morning coffee in a top-quality chef’s kitchen, but are frustrated with overpriced rent? Look no further! Cheap luxury apartments are actually a thing these days, so you can find luxury apartments in Philadelphia, PA with monthly rents starting as low as $804. Sort your search results by “Rent” ascending to see the lowest-priced listings first.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!