Average Rent in 19123, Philadelphia, PA

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Current Versus Historical 19123, Philadelphia, PA Rents

19123 rentals average $1,360 for a studio rental to $3,400 for a 4-bedroom rental. The median price of all currently available listings is $1,850, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen over the last year. Studio rentals prices have decreased by $299 (-18.36%) year-over-year from $1,629 to $1,330. 1-bedroom rentals prices have increased by $85 (5.12%) year-over-year from $1,660 to $1,745. 2-bedroom rentals prices have increased by $18 (0.84%) year-over-year from $2,182 to $2,200. 3-bedroom rentals prices have increased by $142 (5.38%) year-over-year from $2,633 to $2,775. 4-bedroom rentals prices have decreased by $50 (-1.45%) year-over-year from $3,450 to $3,400. 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 5.17% this month. 1-bedroom rents have gone down by 0.94% this month. 2-bedroom rents have gone up by 1.58% this month. 3-bedroom rents have gone up by 2.46% this month. 4-bedroom rents have gone up by 0.25% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.61	$1,330	$1,629 (-18.36%)	$1,222 (8.87%)
1 BR	$2.56	$1,745	$1,660 (5.12%)	$1,508 (15.75%)
2 BR	$2.07	$2,200	$2,182 (0.84%)	$1,750 (25.71%)
3 BR	$1.65	$2,775	$2,633 (5.38%)	$2,407 (15.27%)
4+ BR	$1.79	$3,400	$3,450 (-1.45%)	$2,967 (14.58%)

Historical Rents in 19123, Philadelphia, PA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 19123

There are a total of 5 cities nearby 19123. The average rent in 19123 is currently $2,494 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Wilmington, DE, with an average rent of $1,600, is the most affordable city nearby. In contrast, the most expensive city near 19123, Philadelphia, PA is Glassboro, NJ. Monthly rents here are on average $2,900 per month.

Let's compare 19123, Philadelphia, PA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 19123, Philadelphia, PA is 13.79% more affordable than other cities nearby. One bedrooms are about 0.27% more affordable. Two bedrooms in 19123, Philadelphia, PA are about 9.20% more expensive. Finally, rent for three bedrooms are about 3.85% more expensive. Want more information? Check out the top 5 cities near 19123, Philadelphia, PA in the following chart.

City	Studio	1 Bed	2 Bed	All
Wilmington, DE	$1,548	$1,500	$1,975	$1,600
Philadelphia, PA	$1,334	$1,698	$1,820	$1,800
King of Prussia, PA	$1,709	$2,158	$2,778	$2,494
Lansdale, PA	$2,123	$2,515	$3,144	$2,515
Glassboro, NJ	N/A	N/A	$1,600	$2,900

Top Neighborhoods Near 19123

There are a total of 29 neighborhoods in or near 19123. Some of these neighborhoods include Haddington, Germantown, and Cobbs Creek. We've included all of these top 29 neighborhoods in or near 19123, Philadelphia, PA in the following chart.

The average rent for these 29 neighborhoods in or near 19123, Philadelphia, PA is currently around $1,835 per month. A total of 15 neighborhoods have a lower average rent. Meaning, only fourteen neighborhoods have a higher average rent than $1,835. Out of all the neighborhoods in or near 19123, Haddington has the most affordable average rent at $1,250 per month. Whereas, at $2,826 average rent per month, University City is the most expensive neighborhood in or near 19123. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Haddington, Philadelphia, PA	$1,050	$1,250	$1,200	$1,250
Germantown, Philadelphia, PA	$1,028	$1,325	$1,740	$1,375
Cobbs Creek, Philadelphia, PA	N/A	$1,175	$1,323	$1,400
Kingsessing, Philadelphia, PA	$975	$1,200	$1,500	$1,438
Port Richmond, Philadelphia, PA	$1,500	$1,198	$1,585	$1,585
South Philadelphia West, Philadelphia, PA	$1,038	$1,265	$1,595	$1,595
Roxborough, Philadelphia, PA	$1,338	$1,595	$1,850	$1,643
North Philadelphia West, Philadelphia, PA	$1,213	$1,430	$1,600	$1,675
East Germantown, Philadelphia, PA	$1,300	$1,590	$1,595	$1,695
North Philadelphia East, Philadelphia, PA	$1,200	$1,385	$1,661	$1,695
Point Breeze, Philadelphia, PA	$1,224	$1,399	$1,795	$1,700
Kensington, Philadelphia, PA	$1,100	$1,525	$1,797	$1,750
Avenue of the Arts North, Philadelphia, PA	$750	$1,705	$1,700	$1,800
Graduate Hospital, Philadelphia, PA	$1,342	$1,638	$2,648	$1,800
Northern Liberties - Fishtown, Philadelphia, PA	$1,399	$1,707	$2,353	$1,835
West Powelton, Philadelphia, PA	N/A	$1,400	$1,695	$1,892
Manayunk, Philadelphia, PA	$1,200	$1,559	$2,095	$1,900
Center City East, Philadelphia, PA	$1,345	$1,895	$2,650	$1,948
Washington Square West, Philadelphia, PA	$1,350	$1,940	$2,450	$1,983
Spruce Hill, Philadelphia, PA	$925	$1,350	$1,925	$1,998
Bella Vista - Southwark, Philadelphia, PA	$1,095	$1,700	$2,250	$2,000
Avenue of the Arts South, Philadelphia, PA	$1,200	$1,989	$2,995	$2,019
Fairmount - Art Museum, Philadelphia, PA	$1,454	$1,898	$2,000	$2,045
Center City West, Philadelphia, PA	$1,499	$2,065	$3,315	$2,150
Rittenhouse Square, Philadelphia, PA	$1,575	$2,116	$3,340	$2,151
Mantua, Philadelphia, PA	N/A	$1,288	$1,775	$2,250
Fitler Square, Philadelphia, PA	$1,713	$2,298	$3,350	$2,398
Logan Square, Philadelphia, PA	$1,688	$2,504	$3,695	$2,562
University City, Philadelphia, PA	$1,276	$2,761	$4,127	$2,826

Top Counties Near 19123

There are a total of 29 counties located by 19123, Philadelphia, PA. Some of these counties include Wilmington, DE, Philadelphia, PA, and Lower Merion, PA. The average rent for rentals in these counties is $2,437. That's roughly around $2 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Wilmington, DE. It's average rent per month is $1,600. Vice versa, with an average rent of $2,900, Glassboro, NJ is the most expensive county by 19123, Philadelphia, PA.

Typically, rent for studios in 19123, Philadelphia, PA is 19.71% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 19123, Philadelphia, PA is 0.77% more affordable than other counties nearby. Finally, rent for two bedrooms in 19123, Philadelphia, PA is 0.57% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Wilmington, DE	$1,548	$1,500	$1,975	$1,600
Philadelphia, PA	$1,334	$1,698	$1,820	$1,800
Lower Merion, PA	$1,802	$1,715	$2,400	$2,380
Upper Merion, PA	$1,709	$2,158	$2,768	$2,495
Lansdale, PA	$2,123	$2,515	$3,144	$2,515
Glassboro, NJ	N/A	N/A	$1,600	$2,900

Top Zipcodes Near 19123

There are a total of 25 zipcodes in or near 19123, Philadelphia, PA. The average rent for all of these zipcodes is $1,775. A total of 15 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 $1,250 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 $1,225. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 19123, Philadelphia, PA is $1,457 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,838 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 19123, Philadelphia, PA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
19121, Philadelphia, PA	$1,225	$1,443	$1,600	$1,750
19103, Philadelphia, PA	$1,617	$2,245	$3,488	$2,300
19146, Philadelphia, PA	$1,238	$1,595	$1,900	$1,775
19122, Philadelphia, PA	$1,345	$1,450	$1,798	$1,745
19104, Philadelphia, PA	$1,253	$1,640	$1,962	$2,100
19107, Philadelphia, PA	$1,195	$1,900	$2,615	$1,900
19125, Philadelphia, PA	$1,283	$1,587	$1,838	$1,795
19130, Philadelphia, PA	$1,444	$1,850	$2,000	$2,009
19147, Philadelphia, PA	$1,225	$1,845	$2,300	$2,173
19106, Philadelphia, PA	$1,625	$1,995	$2,685	$2,100

Frequently Asked Questions - 19123 Average Rents

What is the average rent price in 19123, Philadelphia, PA?

The average monthly rental price for 19123, Philadelphia, PA apartments for rent is approximately $1,850. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 19123, 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 19123, Philadelphia, PA.

How much is a studio apartment in 19123, Philadelphia, PA?

The average monthly rental price for studio apartments is $1,360 and an average price per square feet of $2.61. There are a total of 12 studio apartment listings currently available for rent in 19123.

How much is a one bedroom apartment in 19123, Philadelphia, PA?

The average monthly rental price for one bedroom apartments is $1,694 and an average price per square feet of $2.56. There are a total of 78 one bedroom apartment listings currently available for rent in 19123.

How much is a two bedroom apartment in 19123, Philadelphia, PA?

The average monthly rental price for two bedroom apartments is $2,175 and an average price per square feet of $2.07. There are a total of 53 two bedroom apartment listings currently available for rent in 19123.

How have rent prices in 19123, Philadelphia, PA changed this year?

Rent prices for rentals in 19123, Philadelphia, PA can fluctuate yearly. Specifically, studio rental prices have changed by -0.18%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in 19123, Philadelphia, PA?

A reasonable rent price in 19123, Philadelphia, PA is around $1,480/month. You can search for these reasonably priced rental listings on RentHop.