Average Rent in 19123, Philadelphia, PA

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Current Versus Historical 19123, Philadelphia, PA Rents

19123 rentals average $1,300 for a studio rental to $2,800 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have decreased by $286 (-17.57%) year-over-year from $1,629 to $1,343. 1-bedroom rentals prices have increased by $98 (5.95%) year-over-year from $1,652 to $1,750. 2-bedroom rentals prices have increased by $117 (5.60%) year-over-year from $2,083 to $2,200. 3-bedroom rentals prices have decreased by $355 (-12.91%) year-over-year from $2,750 to $2,395. 4-bedroom rentals prices have decreased by $425 (-11.89%) year-over-year from $3,575 to $3,150. 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 2.69% this month. 1-bedroom rents have gone up by 1.42% this month. 2-bedroom rents have gone up by 6.45% this month. 3-bedroom rents have gone down by 7.23% this month. 4-bedroom rents have gone up by 1.61% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.33 $1,343 $1,629 (-17.57%) $1,110 (20.99%)
1 BR $2.38 $1,750 $1,652 (5.95%) $1,466 (19.39%)
2 BR $2.16 $2,200 $2,083 (5.60%) $1,700 (29.41%)
3 BR $1.54 $2,395 $2,750 (-12.91%) $2,341 (2.32%)
4+ BR $1.81 $3,150 $3,575 (-11.89%) $2,942 (7.06%)

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 $2,371 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 $3,000 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 5.77% more affordable than other cities nearby. One bedrooms are about 2.47% more affordable. Two bedrooms in 19123, Philadelphia, PA are about 12.98% more expensive. Finally, rent for three bedrooms are about 4.00% 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 $1,045 $1,600 $1,722 $1,600
Philadelphia, PA $1,375 $1,683 $1,828 $1,800
King of Prussia, PA $1,680 $2,052 $2,608 $2,371
Lansdale, PA $2,507 $2,666 $3,342 $2,666
Glassboro, NJ N/A N/A $1,600 $3,000

Top Neighborhoods Near 19123

There are a total of 31 neighborhoods in or near 19123. Some of these neighborhoods include Cobbs Creek, Kingsessing, and Germantown. We've included the top 30 neighborhoods out of 31 total neighborhoods in or near 19123, Philadelphia, PA in the following chart.

The average rent for these 30 neighborhoods in or near 19123, Philadelphia, PA is currently around $1,825 per month. A total of 14 neighborhoods have a lower average rent. Meaning, only sixteen neighborhoods have a higher average rent than $1,825. Interestingly, the neighborhoods' average rent is higher than 19123's average rent, which is only $1,800. Out of all the neighborhoods in or near 19123, Haddington has the most affordable average rent at $1,345 per month. Whereas, at $3,061 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
Cobbs Creek, Philadelphia, PA N/A $1,000 $1,300 $1,350
Kingsessing, Philadelphia, PA $1,100 $1,225 $1,550 $1,400
Germantown, Philadelphia, PA $900 $1,291 $1,850 $1,463
Port Richmond, Philadelphia, PA $1,500 $1,198 $1,440 $1,500
South Philadelphia West, Philadelphia, PA $1,095 $1,275 $1,550 $1,600
Roxborough, Philadelphia, PA $1,350 $1,600 $1,888 $1,650
North Philadelphia East, Philadelphia, PA $1,298 $1,400 $1,652 $1,650
North Philadelphia West, Philadelphia, PA $1,228 $1,420 $1,600 $1,651
Spruce Hill, Philadelphia, PA $895 $1,168 $1,718 $1,710
East Falls, Philadelphia, PA $1,500 $1,625 $1,750 $1,750
Kensington, Philadelphia, PA $1,161 $1,585 $1,800 $1,768
Point Breeze, Philadelphia, PA $1,315 $1,375 $1,800 $1,795
Northern Liberties - Fishtown, Philadelphia, PA $1,329 $1,695 $2,250 $1,800
Washington Square West, Philadelphia, PA $1,250 $1,773 $2,305 $1,815
Avenue of the Arts North, Philadelphia, PA $750 $1,800 $1,458 $1,825
East Germantown, Philadelphia, PA $1,375 $1,840 $1,700 $1,850
West Powelton, Philadelphia, PA $1,246 $1,535 $1,700 $1,900
Manayunk, Philadelphia, PA $1,400 $1,569 $1,925 $1,900
Queen Village - Pennsport, Philadelphia, PA N/A $1,400 $1,963 $1,985
Graduate Hospital, Philadelphia, PA $1,158 $1,689 $2,195 $1,995
Center City East, Philadelphia, PA $1,425 $1,900 $2,785 $2,095
Rittenhouse Square, Philadelphia, PA $1,567 $2,144 $2,575 $2,102
Center City West, Philadelphia, PA $1,475 $2,098 $3,400 $2,110
Avenue of the Arts South, Philadelphia, PA $1,749 $2,130 $3,012 $2,168
Fitler Square, Philadelphia, PA $1,688 $2,148 $3,539 $2,198
Bella Vista - Southwark, Philadelphia, PA $1,145 $1,700 $2,250 $2,200
Fairmount - Art Museum, Philadelphia, PA $1,492 $1,715 $2,200 $2,200
Mantua, Philadelphia, PA N/A $1,280 $1,598 $2,400
Logan Square, Philadelphia, PA $1,653 $2,358 $3,547 $2,499
University City, Philadelphia, PA $1,423 $3,000 $4,295 $3,061

Top Counties Near 19123

There are a total of 31 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 $2,284. 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 $3,000, Glassboro, NJ is the most expensive county by 19123, Philadelphia, PA.

Typically, rent for studios in 19123, Philadelphia, PA is 17.50% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 19123, Philadelphia, PA is 4.51% more affordable than other counties nearby. Finally, rent for two bedrooms in 19123, Philadelphia, PA is 0.54% more expensive than other counties nearby. We've listed the top 6 counties in the chart below.
County Studio 1 Bed 2 Bed All
Wilmington, DE $1,045 $1,600 $1,722 $1,600
Philadelphia, PA $1,375 $1,683 $1,828 $1,800
Lower Merion, PA $1,691 $1,750 $2,350 $2,198
Upper Merion, PA $1,680 $2,052 $2,546 $2,371
Lansdale, PA $2,507 $2,666 $3,342 $2,666
Glassboro, NJ N/A N/A $1,600 $3,000

Top Zipcodes Near 19123

There are a total of 26 zipcodes in or near 19123, Philadelphia, PA. The average rent for all of these zipcodes is $1,773. 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 19139, Philadelphia, PA at $1,350 per month. In comparison, the zipcode with the most expensive average rent of $3,000 per month is 08028, Glassboro, NJ.

Studios in these zipcodes have an average rent of $1,300. 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 $1,566 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,853 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 $1,228 $1,425 $1,625 $1,750
19103, Philadelphia, PA $1,595 $2,195 $3,473 $2,200
19146, Philadelphia, PA $1,315 $1,537 $1,900 $1,795
19122, Philadelphia, PA $1,317 $1,475 $1,761 $1,720
19104, Philadelphia, PA $1,321 $2,479 $1,856 $2,107
19107, Philadelphia, PA $1,205 $1,911 $2,645 $1,950
19125, Philadelphia, PA $1,285 $1,600 $1,855 $1,800
19130, Philadelphia, PA $1,470 $1,758 $2,195 $2,125
19147, Philadelphia, PA $1,148 $1,775 $2,295 $2,058
19106, Philadelphia, PA $1,663 $1,985 $2,780 $2,275

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 $1,800. 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 $1,300 and an average price per square feet of $2.33. There are a total of 11 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 $1,643 and an average price per square feet of $2.38. There are a total of 82 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 $2,100 and an average price per square feet of $2.16. There are a total of 69 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 0.06%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by -0.13% year-over-year.
What is a reasonable rent price in 19123, Philadelphia, PA?
A reasonable rent price in 19123, Philadelphia, PA is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.
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