Average Rent in 19121, Philadelphia, PA

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Current Versus Historical 19121, Philadelphia, PA Rents

19121 rentals average $1,225 for a studio rental to $2,100 for a 4-bedroom rental. The median price of all currently available listings is $1,749, or roughly $1 per square feet.
For the apartment units and housing in June 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $68 (-6.49%) year-over-year from $1,043 to $975. 1-bedroom rentals prices have increased by $169 (13.73%) year-over-year from $1,231 to $1,400. 2-bedroom rentals prices have increased by $120 (7.99%) year-over-year from $1,507 to $1,627. 3-bedroom rentals prices have increased by $38 (2.19%) year-over-year from $1,713 to $1,750. 4-bedroom rentals prices have increased by $34 (1.63%) year-over-year from $2,066 to $2,100. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 14.60% this month. 1-bedroom rents have gone up by 7.69% this month. 2-bedroom rents have gone up by 3.94% this month. 3-bedroom rents have gone up by 2.19% this month. 4-bedroom rents have gone up by 1.61% this month.
Beds
Price / Sqft
Jun 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.92 $975 $1,043 (-6.49%) $1,042 (-6.39%)
1 BR $2.24 $1,400 $1,231 (13.73%) $1,115 (25.58%)
2 BR $1.44 $1,627 $1,507 (7.99%) $1,541 (5.59%)
3 BR $1.25 $1,750 $1,713 (2.19%) $1,792 (-2.33%)
4+ BR $1.30 $2,100 $2,066 (1.63%) $2,217 (-5.26%)

Historical Rents in 19121, Philadelphia, PA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 19121

There are a total of 5 cities nearby 19121. The average rent in 19121 is currently $2,279 per month. Only one city nearby has an average rent lower than that. Our records show that Wilmington, DE, with an average rent of $1,645, is the most affordable city nearby. In contrast, the most expensive city near 19121, Philadelphia, PA is Glassboro, NJ. Monthly rents here are on average $2,900 per month.

Let's compare 19121, Philadelphia, PA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 19121, Philadelphia, PA is 9.55% more affordable than other cities nearby. One bedrooms are about 15.52% more affordable. Two bedrooms in 19121, Philadelphia, PA are about 20.91% more affordable. Finally, rent for three bedrooms are about 44.93% more affordable. Want more information? Check out the top 5 cities near 19121, Philadelphia, PA in the following chart.
City Studio 1 Bed 2 Bed All
Wilmington, DE $1,548 $1,400 $1,995 $1,645
Philadelphia, PA $1,342 $1,675 $1,825 $1,800
Lansdale, PA $1,750 $2,236 $2,490 $2,279
King of Prussia, PA N/A $2,149 $2,806 $2,692
Glassboro, NJ N/A N/A $1,600 $2,900

Top Neighborhoods Near 19121

There are a total of 28 neighborhoods in or near 19121. Some of these neighborhoods include Cobbs Creek, Germantown, and Kingsessing. We've included all of these top 28 neighborhoods in or near 19121, Philadelphia, PA in the following chart.

The average rent for these 28 neighborhoods in or near 19121, Philadelphia, PA is currently around $1,868 per month. A total of 10 neighborhoods have a lower average rent. Meaning, only eighteen neighborhoods have a higher average rent than $1,868. Interestingly, the neighborhoods' average rent is higher than 19121's average rent, which is only $1,749. Out of all the neighborhoods in or near 19121, Cobbs Creek has the most affordable average rent at $1,375 per month. Whereas, at $2,575 average rent per month, Logan Square is the most expensive neighborhood in or near 19121. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Cobbs Creek, Philadelphia, PA $1,200 $1,138 $1,350 $1,375
Germantown, Philadelphia, PA $1,160 $1,345 $1,740 $1,400
Kingsessing, Philadelphia, PA $1,000 $1,200 $1,500 $1,450
South Philadelphia West, Philadelphia, PA $1,038 $1,265 $1,550 $1,545
Port Richmond, Philadelphia, PA $1,285 $1,198 $1,585 $1,584
North Philadelphia West, Philadelphia, PA $1,213 $1,445 $1,625 $1,650
Roxborough, Philadelphia, PA $1,325 $1,600 $1,850 $1,650
Point Breeze, Philadelphia, PA $1,224 $1,395 $1,773 $1,675
North Philadelphia East, Philadelphia, PA $1,175 $1,373 $1,695 $1,695
East Germantown, Philadelphia, PA $1,300 $1,745 $1,595 $1,745
Kensington, Philadelphia, PA $1,200 $1,550 $1,795 $1,750
West Powelton, Philadelphia, PA N/A $1,470 $1,600 $1,775
Avenue of the Arts North, Philadelphia, PA $750 $1,800 $1,750 $1,835
Manayunk, Philadelphia, PA $1,308 $1,613 $1,795 $1,863
Northern Liberties - Fishtown, Philadelphia, PA $1,450 $1,705 $2,350 $1,873
Spruce Hill, Philadelphia, PA $913 $1,250 $1,895 $1,895
Center City East, Philadelphia, PA $1,335 $1,880 $2,575 $1,900
Washington Square West, Philadelphia, PA $1,350 $1,975 $2,700 $2,020
Graduate Hospital, Philadelphia, PA $1,342 $1,625 $2,675 $2,025
Avenue of the Arts South, Philadelphia, PA $1,175 $2,019 $3,005 $2,110
Mantua, Philadelphia, PA N/A $1,368 $1,788 $2,175
Rittenhouse Square, Philadelphia, PA $1,590 $2,186 $3,372 $2,178
Fairmount - Art Museum, Philadelphia, PA $1,409 $1,695 $2,215 $2,186
Center City West, Philadelphia, PA $1,480 $2,100 $3,228 $2,200
Bella Vista - Southwark, Philadelphia, PA $1,200 $1,588 $2,250 $2,250
University City, Philadelphia, PA $1,292 $2,555 $4,114 $2,405
Fitler Square, Philadelphia, PA $1,713 $2,442 $3,119 $2,493
Logan Square, Philadelphia, PA $1,673 $2,515 $3,760 $2,575

Top Counties Near 19121

There are a total of 28 counties located by 19121, Philadelphia, PA. Some of these counties include Philadelphia, PA, Delaware, PA, and Camden, NJ. The average rent for rentals in these counties is $2,529. That's roughly around $2 per sqft. The county that is the most affordable is Philadelphia, PA. It's average rent per month is $1,800. Vice versa, with an average rent of $3,000, Mercer, NJ is the most expensive county by 19121, Philadelphia, PA.

Typically, rent for studios in 19121, Philadelphia, PA is 0.84% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 19121, Philadelphia, PA is 15.52% more affordable than other counties nearby. Finally, rent for two bedrooms in 19121, Philadelphia, PA is 24.24% more affordable than other counties nearby. We've listed the top 8 counties in the chart below.
County Studio 1 Bed 2 Bed All
Philadelphia, PA $1,342 $1,675 $1,825 $1,800
Delaware, PA $1,075 $1,250 $1,700 $2,150
Camden, NJ $1,130 $1,550 $1,950 $2,250
Montgomery, PA $1,750 $2,002 $2,325 $2,459
Burlington, NJ N/A $1,675 $2,150 $2,600
Gloucester, NJ $1,300 $1,460 $1,800 $2,800
Bucks, PA $2,025 $1,800 $2,298 $2,800
Mercer, NJ N/A $1,750 $2,500 $3,000

Top Zipcodes Near 19121

There are a total of 25 zipcodes in or near 19121, Philadelphia, PA. The average rent for all of these zipcodes is $1,793. A total of 11 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19140, Philadelphia, PA at $1,238 per month. In comparison, the zipcode with the most expensive average rent of $2,900 per month is 08028, Glassboro, NJ.

Studios in these zipcodes have an average rent of $1,195. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 19121, Philadelphia, PA is $1,554 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,800 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 19121, Philadelphia, PA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
19103, Philadelphia, PA $1,608 $2,295 $3,450 $2,333
19146, Philadelphia, PA $1,238 $1,554 $2,098 $1,795
19122, Philadelphia, PA $1,442 $1,449 $1,800 $1,750
19104, Philadelphia, PA $1,272 $1,850 $1,892 $2,000
19125, Philadelphia, PA $1,282 $1,587 $1,895 $1,793
19107, Philadelphia, PA $1,195 $1,900 $2,660 $1,935
19130, Philadelphia, PA $1,400 $1,685 $2,190 $2,139
19123, Philadelphia, PA $1,415 $1,694 $2,198 $1,925
19147, Philadelphia, PA $1,213 $1,798 $2,300 $2,250
19106, Philadelphia, PA $1,450 $1,948 $2,685 $2,078

Frequently Asked Questions - 19121 Average Rents

What is the average rent price in 19121, Philadelphia, PA?
The average monthly rental price for 19121, Philadelphia, PA apartments for rent is approximately $1,749. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 19121, Philadelphia, PA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 19121, Philadelphia, PA.
How much is a studio apartment in 19121, Philadelphia, PA?
The average monthly rental price for studio apartments is $1,225 and an average price per square feet of $2.92. There are a total of 17 studio apartment listings currently available for rent in 19121.
How much is a one bedroom apartment in 19121, Philadelphia, PA?
The average monthly rental price for one bedroom apartments is $1,450 and an average price per square feet of $2.24. There are a total of 62 one bedroom apartment listings currently available for rent in 19121.
How much is a two bedroom apartment in 19121, Philadelphia, PA?
The average monthly rental price for two bedroom apartments is $1,650 and an average price per square feet of $1.44. There are a total of 119 two bedroom apartment listings currently available for rent in 19121.
How have rent prices in 19121, Philadelphia, PA changed this year?
Rent prices for rentals in 19121, Philadelphia, PA can fluctuate yearly. Specifically, studio rental prices have changed by -0.06%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.08%, and three bedroom rental prices have changed by 0.02% year-over-year.
What is a reasonable rent price in 19121, Philadelphia, PA?
A reasonable rent price in 19121, Philadelphia, PA is around $1,399/month. You can search for these reasonably priced rental listings on RentHop.
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