Luxury Apartments for Rent in Philadelphia, PA - 1,127 Rentals available
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2116 Chestnut Street, Philadelphia, PA 19103$1,526 - $10,505
- Studio-2 Beds
- 1-2 Baths
Available Today! Last updated 21 Jan 2021 -
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3720 Chestnut Street, Philadelphia, PA 19104$1,952 - $6,001
- Studio-2 Beds
- 1-2 Baths
Available Today! Last updated 21 Jan 2021 -
1125 Sansom Street, Philadephia, PA 19107$1,504 - $5,764
- 1-2 Beds
- 1-2 Baths
Available Today! Last updated 23 Dec 2020 -
1936 Spruce Street, Philadelphia, PA 19103$4,650 - $4,844
- 2-4 Beds
- 1-3 Baths
Last updated 21 Jan 2021 -
1338 CHESTNUT STREET, PHILADELPHIA, PA 19107$1,280 - $4,501
- Studio-2 Beds
- 1-3 Baths
Last updated 21 Jan 2021 -
117 Chestnut Street, Philadelphia, PA 19106$1,950 - $4,000
- 1-2 Beds
- 1-2 Baths
Last updated 21 Jan 2021 -
3900 Gateway Drive, Philadelphia, PA 19145$1,570 - $3,251
- 1-2 Beds
- 1-2 Baths
Last updated 21 Jan 2021 -
222 Carpenter Street, Philadephia, PA 19147$3,200
- 3 Beds
- 3 Baths
Last updated 21 Jan 2021 -
1201 Chestnut Street, Philadelphia, PA 19107$1,370 - $3,175
- Studio-2 Beds
- 1-2 Baths
Alterra Property Group LLCLast updated 20 Jan 2021 -
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220 Carpenter St, Philadelphia, PA 19147$3,050
- 3 Beds
- 3 Baths
Sterling Real EstateLast updated 21 Jan 2021
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Philadelphia’s average rent reached $1,660 in December
Philadelphia’s average rent reached $1,660 in December, after a 0.5% increase since last year. Renters make up 47% of Philadelphia’s households. Pennsylvania’s largest city is a diverse and vibrant place to live in, with apartment rents above the national average of $1,462. [View Full Report]
Philadelphia’s average rent was $1,660 in December
Philadelphia’s average rent reached $1,660 in December, after a 0.5% increase since last year. Renters make up 47% of Philadelphia’s households. Pennsylvania’s largest city is a diverse and vibrant place to live in, with apartment rents above the national average of $1,462.
This December, the average rent for an apartment in Philadelphia has increased along with other surrounding cities such as Upper Darby where apartments go for $911 after a 0.6% growth, and Bensalem, where rent went up 6.7%, reaching $1,330.
What it costs to rent in the largest renter hubs in the Philadelphia area
62% of West Chester and Norristown households are renting. Rent in West Chester is $1,577 on average, following a 1.3% increase this past year. Apartments in Norristown go for $1,352, 0.1% more than last December. Exton (60%) is also popular among renters even as rates went up by 3.6% and reaching $1,776 this December. Apartments in Media (57%) saw a 3.6% growth and reached $1,600. In Bryn Mawr (also 57%), apartments go for around $1,820 per month after an 8.1% increase compared to last year.
The priciest and cheapest cities for renters in the Philadelphia area
Bryn Mawr is the priciest city for renters in the Philadelphia area, with apartments here going for $1,820 a month. Next in line when it comes to most expensive average rent is Malvern, averaging on $1,787, followed by Exton with $1,776 a month.
At $911 a month and despite a 0.6% increase, Upper Darby has the most budget-friendly apartments in the Philadelphia area. Following a 3.6% growth, Drexel Hill’s $1,149 average rent is still an attractive option, much like the $1,167 found in Pottstown (up 2.2%).
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 $983 and $10,225. Find luxury apartments in Philadelphia, PA.
How many luxury rentals are available in Philadelphia, PA on RENTCafé?
There are 1093 luxury rentals available on RENTCafé. Prices and availability in Philadelphia, PA were last updated on 21 Jan 2021.
What is the average size of a luxury apartment in Philadelphia, PA?
The average Philadelphia, PA luxury apartment size is 1,065 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 Population1,575,522
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Female 745,543Male 829,979
- Median Age34.3
Average Rent in Philadelphia, PA
- Philadelphia, PA Average Rental Price, December 2020 $1,660 /mo
Philadelphia, PA Apartment Rent Ranges
- $501-$7001%
- $701-$1,00016%
- $1,001-$1,50039%
- $1,501-$2,00021%
- > $2,00024%
Philadelphia, PA Rent Trends
| Average Rent | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Dec / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Philadelphia, PA | $1,510 | $1,514 | $1,525 | $1,545 | $1,572 | $1,590 | $1,624 | $1,640 | $1,664 | $1,663 | $1,660 |
| National | $1,373 | $1,378 | $1,381 | $1,418 | $1,428 | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |
Philadelphia, PA Households
- Total Number of Households594,778
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Family 321,389Non-family 273,389
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Children 161,687No Children 433,091
- Average People Per Household2.57
- Median Household Income$43,744
- Median Housing Costs Per Month$973
Philadelphia, PA Education Statistics
- No High School5%
- Some High School43%
- Some College19%
- Associate Degree5%
- Bachelor Degree16%
- Graduate Degree10%
Renting a luxury apartment in Philadelphia, PA
Here at RENTCafé we appreciate the finer things in life and know that small things make big differences. So, when it comes to luxury apartments we are doing our utmost to bring you a selection of the best apartments in Philadelphia, PA and we try to provide solutions for every pocket. Just starting your career and you’re on the lookout for luxury studio apartments to move in alone, close to everything loud and bustling the city has to offer? Or you’re searching for luxury townhomes in quieter areas with playgrounds, where you want to raise a family but still make commuting feel like a breeze? There are 73 properties in Philadelphia, PA with an average size of 1,360 Sq.Ft., so we’ve got your back whether you are on the search for small or large apartments.
Choosing between high rise apartments
We know that in today’s market finding the perfectly furnished, modern home among all the high rise apartments available might seem overwhelming. There are just so many interiors styled differently and so many buildings to choose from. And it’s not just about the interior. You’re shopping for amenities too: a fitness center or a spa, a yoga studio or a pool could all be deal breakers. After weeks of intense searching one apartment complex looks just like the other. That’s why we are providing detailed information including photos, floorplan and a straight to the point list of the amenities offered, so no guesswork is required. We also know that finding cheap luxury apartments sounds impossible, but the average price for listings in Philadelphia, PA is $3,399 and the lowest monthly rents start at $804, so you may be able to find some deals on luxury after all.