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Studio Apartments for Rent in Philadelphia, PA
314 Rentals Available


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 apartment rent report

Philadelphia’s average rent was $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.

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.

Philadelphia apartment rent report

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

Philadelphia apartment rent report

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 studio apartments near me

Are you looking to land a small but cool studio apartment near you? Is an unbeatable location more important to you than lots of space? You can now browse through all available RENTCafé listings, to find the perfect studio apartment near you, in your favorite neighborhood, ZIP code, or in another city or state in the U.S. wherever life takes you. Check the ratings and reviews of properties with studio apartments, filter them based on your criteria, and find the one that suits your needs.

Compare the size, price and location, as well as amenities, both inside and outside the apartment. Whether you are looking for a more modern studio near you, or one in a charming old building, or maybe you want to be close to a certain park, the downtown area of your city, or near family or friends, RENTCafé allows you to find the best fit for you - so, let's find your new home!

Frequently Asked Questions

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

The price range of a studio apartment is between $50 and $4,932. Search our studio apartments in Philadelphia, PA.

How many studio apartments for rent are available in Philadelphia, PA on RENTCafé?

There are 227 studio rentals available on RENTCafé. Prices and availability in Philadelphia, PA were last updated on 25 Jul 2021.

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

The average Philadelphia, PA studio apartment size is 370 sq. ft.

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

Studio apartments in Philadelphia, PA tend to be more affordable than other apartments and they have lower utility costs.

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

One of the downsides of living in a studio apartment is the limited storage space. You might be interested in 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, June 2021 $1,712 /mo

Philadelphia, PA Apartment Rent Ranges

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 Jun / 2021
Philadelphia, PA $1,525 $1,545 $1,572 $1,590 $1,624 $1,640 $1,664 $1,663 $1,643 $1,672 $1,712
National $1,348 $1,357 $1,362 $1,394 $1,401 $1,403 $1,394 $1,397 $1,404 $1,482
/

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

Renting a studio apartment in Philadelphia, PA

If you’re a fan of living big on a budget, reducing your ecological footprint, and are determined to find an efficiency apartment in Philadelphia, PA, we have great news: on RENTCafé you have 3 small apartment units to choose from in 1 different property. You may be surprised to know that studio apartments come in a variety of shapes and types. Once you decide on what your must-haves are, you can choose the right studio. If you’ll want your kitchen in the main room, why not aim for the most affordable one room apartments you can find? If you pride yourself on being frugal and always bragging to your friends about the great discounts and sales you just discovered, then put those skills to good use in your search for your next apartment.

Top tip: an efficiency apartment can be comfortable

Efficiency apartments may have just one multi-functional room, but it can be pretty spacious. You can get creative with the space, combine furniture and accent design elements in a harmonious and practical way, and you will end up with a very comfortable apartment where you can relax and unwind. If you’re not on a tight budget, you should definitely check out some bachelor flats that have a separate kitchen. You wouldn’t believe the difference it makes. While they don’t cost an arm and a leg, they are typically more expensive than a normal single bedroom apartment, so it’s probably a good idea to aim for the higher end of the price range—the highest price for a studio in Philadelphia, PA is currently $770.

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