Average Rent in Center City, Philadelphia, PA

Current Versus Historical Center City, Philadelphia, PA Rents

Center City rentals average $1,525 for a studio rental to $4,950 for a 4-bedroom rental. The median price of all currently available listings is $2,135, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $60 (-3.66%) year-over-year from $1,632 to $1,572. 1-bedroom rentals prices have increased by $5 (0.26%) year-over-year from $1,990 to $1,995. 2-bedroom rentals prices have increased by $160 (5.85%) year-over-year from $2,735 to $2,895. 3-bedroom rentals prices have decreased by $64 (-1.58%) year-over-year from $4,064 to $4,000. 4-bedroom rentals prices have increased by $786 (18.87%) year-over-year from $4,164 to $4,950. 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 1.73% this month. 1-bedroom rents have gone up by 2.09% this month. 2-bedroom rents have gone up by 6.30% this month. 3-bedroom rents have gone up by 0.84% this month. 4-bedroom rents have gone down by 0.83% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.48	$1,572	$1,632 (-3.66%)	$1,486 (5.78%)
1 BR	$2.98	$1,995	$1,990 (0.26%)	$1,490 (33.89%)
2 BR	$2.79	$2,895	$2,735 (5.85%)	$1,999 (44.81%)
3 BR	$2.56	$4,000	$4,064 (-1.58%)	$3,062 (30.65%)
4+ BR	$2.71	$4,950	$4,164 (18.87%)	$4,240 (16.75%)

Historical Rents in Center City, Philadelphia, PA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Center City

There are a total of 5 cities nearby Center City. The average rent in Center City is currently $2,225 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 Center City, Philadelphia, PA is Glassboro, NJ. Monthly rents here are on average $2,950 per month.

Let's compare Center City, Philadelphia, PA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Center City, Philadelphia, PA is 10.82% more expensive than other cities nearby. One bedrooms are about 19.09% more expensive. Two bedrooms in Center City, Philadelphia, PA are about 38.50% more expensive. Finally, rent for three bedrooms are about 45.45% more expensive. Want more information? Check out the top 5 cities near Center City, Philadelphia, PA in the following chart.

City	Studio	1 Bed	2 Bed	All
Wilmington, DE	$1,045	$1,600	$1,845	$1,600
Philadelphia, PA	$1,360	$1,695	$1,835	$1,800
Lansdale, PA	$2,358	$2,207	$2,952	$2,225
King of Prussia, PA	$1,673	$2,052	$2,583	$2,346
Glassboro, NJ	N/A	N/A	$1,500	$2,950

Top Neighborhoods Near Center City

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

The average rent for these 29 neighborhoods in or near Center City, Philadelphia, PA is currently around $1,850 per month. A total of 23 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $1,850. Out of all the neighborhoods in or near Center City, Haddington has the most affordable average rent at $1,300 per month. Whereas, at $3,021 average rent per month, University City is the most expensive neighborhood in or near Center City. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Haddington, Philadelphia, PA	$1,050	$1,175	$1,250	$1,300
Cobbs Creek, Philadelphia, PA	N/A	$1,000	$1,350	$1,350
Germantown, Philadelphia, PA	$900	$1,291	$1,850	$1,438
Port Richmond, Philadelphia, PA	$1,500	$1,195	$1,450	$1,500
Kingsessing, Philadelphia, PA	$1,038	$1,250	$1,550	$1,500
South Philadelphia West, Philadelphia, PA	$1,038	$1,265	$1,600	$1,600
North Philadelphia East, Philadelphia, PA	$1,295	$1,449	$1,667	$1,650
Roxborough, Philadelphia, PA	$1,350	$1,613	$1,900	$1,650
North Philadelphia West, Philadelphia, PA	$1,228	$1,420	$1,600	$1,700
Kensington, Philadelphia, PA	$1,234	$1,573	$1,800	$1,750
Point Breeze, Philadelphia, PA	$1,307	$1,395	$1,800	$1,795
Northern Liberties - Fishtown, Philadelphia, PA	$1,329	$1,700	$2,325	$1,810
Avenue of the Arts North, Philadelphia, PA	$750	$1,765	$1,500	$1,850
Spruce Hill, Philadelphia, PA	$910	$1,030	$1,850	$1,850
East Germantown, Philadelphia, PA	$1,375	$1,840	$1,732	$1,850
Washington Square West, Philadelphia, PA	$1,225	$1,845	$2,340	$1,863
West Powelton, Philadelphia, PA	$1,246	$1,640	$1,800	$1,900
Manayunk, Philadelphia, PA	$1,420	$1,569	$1,950	$1,913
Graduate Hospital, Philadelphia, PA	$1,321	$1,695	$2,195	$1,925
Bella Vista - Southwark, Philadelphia, PA	$1,145	$1,763	$2,259	$2,000
Center City East, Philadelphia, PA	$1,350	$1,900	$2,838	$2,050
Rittenhouse Square, Philadelphia, PA	$1,570	$2,144	$3,250	$2,102
Center City West, Philadelphia, PA	$1,488	$2,098	$3,495	$2,111
Avenue of the Arts South, Philadelphia, PA	$1,748	$2,098	$3,008	$2,160
Fairmount - Art Museum, Philadelphia, PA	$1,499	$1,850	$2,200	$2,200
Mantua, Philadelphia, PA	N/A	$1,340	$1,598	$2,350
Fitler Square, Philadelphia, PA	$1,725	$2,100	$3,567	$2,400
Logan Square, Philadelphia, PA	$1,653	$2,350	$3,591	$2,469
University City, Philadelphia, PA	$1,343	$2,973	$4,287	$3,021

Top Counties Near Center City

There are a total of 29 counties located by Center City, Philadelphia, PA. Some of these counties include Philadelphia, PA, Delaware, PA, and Camden, NJ. The average rent for rentals in these counties is $2,428. That's roughly around $2 per sqft. A total of 3 counties have a lower average rent. 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 $2,825, Mercer, NJ is the most expensive county by Center City, Philadelphia, PA.

Typically, rent for studios in Center City, Philadelphia, PA is 27.05% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Center City, Philadelphia, PA is 21.54% more expensive than other counties nearby. Finally, rent for two bedrooms in Center City, Philadelphia, PA is 33.33% more expensive than other counties nearby. We've listed the top 8 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,360	$1,695	$1,835	$1,800
Delaware, PA	$1,075	$1,350	$1,675	$1,900
Camden, NJ	$1,371	$1,593	$1,900	$1,950
Montgomery, PA	$2,000	$1,954	$2,200	$2,357
Burlington, NJ	N/A	$1,475	$2,100	$2,500
Bucks, PA	$1,150	$1,750	$2,375	$2,500
Gloucester, NJ	N/A	$1,390	$1,735	$2,800
Mercer, NJ	N/A	$1,798	$2,400	$2,825

Top Zipcodes Near Center City

There are a total of 26 zipcodes in or near Center City, Philadelphia, PA. The average rent for all of these zipcodes is $1,795. A total of 18 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 $1,325 per month. In comparison, the zipcode with the most expensive average rent of $2,950 per month is 08028, Glassboro, NJ.

Studios in these zipcodes have an average rent of $1,298. 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 Center City, Philadelphia, PA is $1,572 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,897 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Center City, Philadelphia, PA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
19107, Philadelphia, PA	$1,200	$1,930	$2,748	$2,000
19102, Philadelphia, PA	$1,495	$2,147	$3,225	$2,182
19103, Philadelphia, PA	$1,595	$2,160	$3,561	$2,200
19106, Philadelphia, PA	$1,675	$1,995	$2,850	$2,200
19147, Philadelphia, PA	$1,148	$1,788	$2,305	$2,085
19123, Philadelphia, PA	$1,300	$1,604	$2,200	$1,800
19146, Philadelphia, PA	$1,333	$1,535	$1,898	$1,795
19130, Philadelphia, PA	$1,489	$1,800	$2,200	$2,144
19104, Philadelphia, PA	$1,303	$2,467	$1,896	$2,138
19122, Philadelphia, PA	$1,295	$1,495	$1,750	$1,708

Frequently Asked Questions - Center City Average Rents

What is the average rent price in Center City, Philadelphia, PA?

The average monthly rental price for Center City, Philadelphia, PA apartments for rent is approximately $2,135. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Center City, 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 Center City, Philadelphia, PA.

How much is a studio apartment in Center City, Philadelphia, PA?

The average monthly rental price for studio apartments is $1,525 and an average price per square feet of $3.48. There are a total of 195 studio apartment listings currently available for rent in Center City.

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

The average monthly rental price for one bedroom apartments is $2,095 and an average price per square feet of $2.98. There are a total of 644 one bedroom apartment listings currently available for rent in Center City.

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

The average monthly rental price for two bedroom apartments is $3,000 and an average price per square feet of $2.79. There are a total of 279 two bedroom apartment listings currently available for rent in Center City.

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

Rent prices for rentals in Center City, Philadelphia, PA can fluctuate yearly. Specifically, studio rental prices have changed by -0.04%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by -0.02% year-over-year.

What is a reasonable rent price in Center City, Philadelphia, PA?

A reasonable rent price in Center City, Philadelphia, PA is around $1,708/month. You can search for these reasonably priced rental listings on RentHop.