Philadelphia, PA Rental Market Trends
What is the average rent in Philadelphia?
The average rent for an apartment in Philadelphia is $1,887. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Philadelphia, PA
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,887 | 790 sq. ft. |
What is the average apartment size in Philadelphia?
The average size for a Philadelphia, PA apartment is 790 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Philadelphia, PA apartment rent ranges
Philadelphia, PA Occupied Housing Units
314,980 or 48% of the households in Philadelphia, PA are renter-occupied while 344,149 or 52% are owner-occupied.
Philadelphia, PA rent trends
Average Rent in Philadelphia, PA By Neighborhood
| City | Average Rent |
|---|---|
| Hawthorne | $2,529 |
| Queen Village Pennsport | $2,529 |
| Center City West | $2,469 |
| Old City | $2,460 |
| Kensington South | $2,445 |
| Rittenhouse Square | $2,433 |
| Logan Square | $2,409 |
| Yorktown | $2,407 |
| East Poplar | $2,368 |
| West Poplar | $2,368 |
| Callowhill | $2,154 |
| Point Breeze | $1,847 |
| Cathedral Park | $1,723 |
| West Parkside | $1,723 |
| Overbrook Farms | $1,702 |
| Manayunk | $1,693 |
| Upper Roxborough | $1,693 |
| Wissahickon | $1,693 |
| Haddington | $1,675 |
| Allegheny West | $1,663 |
| Girard Estates | $1,639 |
| Central Roxborough | $1,620 |
| Normandy | $1,550 |
| Parkwood | $1,550 |
| Northeast Philadelphia Airport | $1,505 |
| Riverfront | $1,500 |
| Whitman | $1,500 |
| Ashton - Woodenbridge | $1,480 |
| Germantown | $1,459 |
| Somerton | $1,424 |
| Bustleton | $1,381 |
| Bells Corner | $1,332 |
| Cedarbrook | $1,311 |
| Rhawnhurst | $1,303 |
| Olney | $1,302 |
| West Oak Lane | $1,301 |
| North Delaware | $1,279 |
| Elmwood | $1,268 |
| Oxford Circle | $1,252 |
| Lawncrest | $1,251 |
| Eastwick Southwest Philadelphia | $1,235 |
| Summerdale | $1,231 |
| Juniata Park | $1,224 |
| Cobbs Creek | $1,206 |
| Wissinoming | $1,181 |
| Logan | $1,147 |
| Tioga | $1,133 |
| Frankford Valley | $1,076 |
| Kensington | $1,076 |
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What are the most affordable neighborhoods in Philadelphia?
The most affordable neighborhoods in Philadelphia are Frankford Valley, where the average rent goes for $1,076/month, Kensington, where renters pay $1,076/mo on average, and Tioga, where the average rent goes for $1,133/mo. If you’re looking for other great deals, check out the listings from Logan ($1,147), Wissinoming ($1,181), and Cobbs Creek ($1,206), where the asking prices are below the average Philadelphia rent of $1,887/mo.
What are the most expensive neighborhoods in Philadelphia?
The most expensive neighborhoods in Philadelphia are Center City West ($2,469), Hawthorne ($2,529) and Queen Village Pennsport ($2,529).
What are the most popular neighborhoods in Philadelphia?
The most popular neighborhood in Philadelphia is Central Roxborough, where there are 2 listings with an average rent of $1,620. Next up is Point Breeze, where apartments go for $1,847/month, followed by Queen Village Pennsport with $2,529 If you’re looking to rent in Philadelphia’s most popular neighborhoods, make sure to also check out West Poplar, where renters pay $2,368 on average, and Allegheny West, where the average monthly rent is $1,663.
Philadelphia | Rent Comparison by Neighborhood
Rent in Allegheny West is 12% higher than in Ashton - Woodenbridge
$1,663
Allegheny West rent is 12% lower than Philadelphia average
Average Rent
$1,663
$1,480
Ashton - Woodenbridge rent is 22% lower than Philadelphia average
Average Rent
$1,480
How Philadelphia Compares to Other Cities
| State | Average Rent |
|---|---|
| Philadelphia | $1,887 |
| Lehigh Valley | $1,648 |
| Bethlehem | $1,795 |
| Emmaus | $1,638 |
| Macungie | $1,936 |
| Mechanicsburg | $1,390 |
| Pittsburgh | $1,512 |
| Quakertown | $1,447 |
| Royersford | $1,876 |
| Scranton | $1,425 |
| Upper Darby | $1,114 |
What is the average price for a storage unit in Philadelphia?
The average rent for a non-climate-controlled 10'x10' storage unit in Philadelphia is $135.29. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Philadelphia
Harris Street Apartments
2480 Harris Street, Philadelphia, PA 27512| 2 BEDS | $950+ |
| 4 BEDS | N/A |
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The Schoolhouse Apartments
1234 Market St, Philadelphia, PA 19107| 2 BEDS | $1,800+ |