Average Rent in Philadelphia, PA

Current Versus Historical Philadelphia, PA Rents

Philadelphia rentals average $1,345 for a studio rental to $2,400 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 July 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $86 (-6.13%) year-over-year from $1,408 to $1,322. 1-bedroom rentals prices have increased by $54 (3.28%) year-over-year from $1,641 to $1,695. 2-bedroom rentals prices have increased by $33 (1.83%) year-over-year from $1,817 to $1,850. 3-bedroom rentals prices have increased by $122 (6.23%) year-over-year from $1,953 to $2,075. 4-bedroom rentals prices have increased by $351 (15.60%) year-over-year from $2,249 to $2,600. 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 6.73% this month. 1-bedroom rents have gone up by 0.44% this month. 2-bedroom rents have gone down by 1.68% this month. 3-bedroom rents have gone down by 2.28% this month. 4-bedroom rents have gone up by 2.97% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.05	$1,322	$1,408 (-6.13%)	$1,291 (2.37%)
1 BR	$2.60	$1,695	$1,641 (3.28%)	$1,283 (32.08%)
2 BR	$1.87	$1,850	$1,817 (1.83%)	$1,683 (9.94%)
3 BR	$1.56	$2,075	$1,953 (6.23%)	$1,817 (14.22%)
4+ BR	$1.36	$2,600	$2,249 (15.60%)	$2,287 (13.70%)

Historical Rents in Philadelphia, PA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Philadelphia

There are a total of 2 cities nearby Philadelphia. The average rent in Philadelphia is currently $2,165 per month. Our records show that Lansdale, PA, with an average rent of $2,138, is the most affordable city nearby. In contrast, the most expensive city near Philadelphia, PA is King of Prussia, PA. Monthly rents here are on average $2,192 per month.

Let's compare Philadelphia, PA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Philadelphia, PA is 33.12% more affordable than other cities nearby. One bedrooms are about 19.90% more affordable. Two bedrooms in Philadelphia, PA are about 41.42% more affordable. Finally, rent for three bedrooms are about 12.50% more expensive. Want more information? Check out the top 2 cities near Philadelphia, PA in the following chart.

City	Studio	1 Bed	2 Bed	All
Lansdale, PA	$1,750	$2,241	$2,452	$2,138
King of Prussia, PA	$1,831	$1,824	$2,639	$2,192

Top Neighborhoods Near Philadelphia

There are a total of 26 neighborhoods in or near Philadelphia. Some of these neighborhoods include Cobbs Creek, Germantown, and Kingsessing. We've included all of these top 26 neighborhoods in or near Philadelphia, PA in the following chart.

The average rent for these 26 neighborhoods in or near Philadelphia, PA is currently around $1,973 per month. A total of 12 neighborhoods have a lower average rent. Meaning, only fourteen neighborhoods have a higher average rent than $1,973. Interestingly, the neighborhoods' average rent is higher than Philadelphia's average rent, which is only $1,800. Out of all the neighborhoods in or near Philadelphia, Cobbs Creek has the most affordable average rent at $1,338 per month. Whereas, at $2,999 average rent per month, University City is the most expensive neighborhood in or near Philadelphia. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Cobbs Creek, Philadelphia, PA	$950	$1,075	$1,325	$1,338
Germantown, Philadelphia, PA	$1,195	$1,355	$1,600	$1,365
Kingsessing, Philadelphia, PA	$900	$1,200	$1,500	$1,400
East Germantown, Philadelphia, PA	$1,250	$1,200	$1,450	$1,463
South Philadelphia West, Philadelphia, PA	$1,125	$1,325	$1,485	$1,525
Port Richmond, Philadelphia, PA	$1,500	$1,150	$1,525	$1,550
Roxborough, Philadelphia, PA	$1,163	$1,600	$1,775	$1,635
North Philadelphia East, Philadelphia, PA	$1,153	$1,388	$1,600	$1,650
North Philadelphia West, Philadelphia, PA	$1,230	$1,430	$1,500	$1,695
Avenue of the Arts North, Philadelphia, PA	N/A	$1,640	$1,500	$1,745
Queen Village - Pennsport, Philadelphia, PA	$1,425	$1,625	$1,765	$1,800
Kensington, Philadelphia, PA	$1,175	$1,695	$1,850	$1,800
Point Breeze, Philadelphia, PA	$1,076	$1,305	$1,850	$1,950
Bella Vista - Southwark, Philadelphia, PA	$1,995	$1,525	$1,950	$1,995
Avenue of the Arts South, Philadelphia, PA	$1,200	$2,000	$2,999	$1,995
Graduate Hospital, Philadelphia, PA	$1,095	$1,550	$2,350	$2,000
Washington Square West, Philadelphia, PA	$1,871	$1,975	$2,575	$2,022
Manayunk, Philadelphia, PA	$1,275	$1,650	$2,095	$2,050
Northern Liberties - Fishtown, Philadelphia, PA	$1,487	$1,755	$2,425	$2,056
Fairmount - Art Museum, Philadelphia, PA	$1,400	$1,788	$2,150	$2,126
Center City East, Philadelphia, PA	$1,468	$1,923	$3,000	$2,160
Center City West, Philadelphia, PA	$1,465	$2,113	$3,358	$2,195
Rittenhouse Square, Philadelphia, PA	$1,538	$2,200	$3,238	$2,214
Fitler Square, Philadelphia, PA	$1,960	$2,413	$3,231	$2,521
Logan Square, Philadelphia, PA	$1,945	$2,615	$3,593	$2,695
University City, Philadelphia, PA	$1,220	$2,629	$3,673	$2,999

Top Counties Near Philadelphia

There are a total of 26 counties located by Philadelphia, PA. Some of these counties include Philadelphia, PA, Lansdale, PA, and Upper Merion, PA. The average rent for rentals in these counties is $2,165. That's roughly around $2 per sqft. A total of 1 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 $2,380, Lower Merion, PA is the most expensive county by Philadelphia, PA.

Typically, rent for studios in Philadelphia, PA is 15.06% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Philadelphia, PA is 6.17% more affordable than other counties nearby. Finally, rent for two bedrooms in Philadelphia, PA is 36.17% more affordable than other counties nearby. We've listed the top 4 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,345	$1,695	$1,800	$1,800
Lansdale, PA	$1,750	$2,241	$2,452	$2,138
Upper Merion, PA	$1,831	$1,824	$2,639	$2,192
Lower Merion, PA	$1,200	$1,775	$2,450	$2,380

Top Zipcodes Near Philadelphia

There are a total of 24 zipcodes in or near Philadelphia, PA. The average rent for all of these zipcodes is $1,825. A total of 12 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 $1,345 per month. In comparison, the zipcode with the most expensive average rent of $2,469 per month is 19103, Philadelphia, PA.

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 Philadelphia, PA is $1,588 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 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	$1,590	$2,347	$3,325	$2,469
19121, Philadelphia, PA	$1,230	$1,443	$1,525	$1,725
19146, Philadelphia, PA	$1,098	$1,496	$2,098	$1,935
19122, Philadelphia, PA	$1,452	$1,698	$1,825	$1,850
19104, Philadelphia, PA	$1,220	$1,513	$1,800	$1,900
19125, Philadelphia, PA	$1,333	$1,576	$1,945	$1,800
19107, Philadelphia, PA	$1,298	$2,073	$3,253	$2,150
19130, Philadelphia, PA	$1,400	$1,775	$2,150	$2,129
19123, Philadelphia, PA	$1,427	$1,670	$2,098	$1,972
19147, Philadelphia, PA	$1,450	$1,688	$2,180	$1,972

Frequently Asked Questions - Philadelphia Average Rents

What is the average rent price in Philadelphia, PA?

The average monthly rental price for 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 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 Philadelphia, PA.

How much is a studio apartment in Philadelphia, PA?

The average monthly rental price for studio apartments is $1,345 and an average price per square feet of $3.05. There are a total of 366 studio apartment listings currently available for rent in Philadelphia.

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

The average monthly rental price for one bedroom apartments is $1,695 and an average price per square feet of $2.60. There are a total of 1,565 one bedroom apartment listings currently available for rent in Philadelphia.

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

The average monthly rental price for two bedroom apartments is $1,800 and an average price per square feet of $1.87. There are a total of 1,405 two bedroom apartment listings currently available for rent in Philadelphia.

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

Rent prices for rentals in Philadelphia, PA can fluctuate yearly. Specifically, studio rental prices have changed by -0.06%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in Philadelphia, PA?

A reasonable rent price in Philadelphia, PA is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.