Average Rent in Philadelphia, PA

Current Versus Historical Philadelphia, PA Rents

Philadelphia rentals average $1,350 for a studio rental to $2,448 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 been roughly unchanged over the last year. Studio rentals prices have decreased by $31 (-2.22%) year-over-year from $1,406 to $1,375. 1-bedroom rentals prices have increased by $45 (2.85%) year-over-year from $1,580 to $1,625. 2-bedroom rentals prices have decreased by $25 (-1.37%) year-over-year from $1,825 to $1,800. 3-bedroom rentals prices have increased by $74 (3.84%) year-over-year from $1,925 to $1,999. 4-bedroom rentals prices have decreased by $122 (-4.82%) year-over-year from $2,522 to $2,400. 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 up by 0.05% this month. 1-bedroom rents have gone up by 6.07% this month. 2-bedroom rents have gone up by 1.03% this month. 3-bedroom rents have gone up by 4.31% this month. 4-bedroom rents have gone up by 2.86% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.09	$1,375	$1,406 (-2.22%)	$1,325 (3.75%)
1 BR	$2.58	$1,625	$1,580 (2.85%)	$1,305 (24.52%)
2 BR	$1.92	$1,800	$1,825 (-1.37%)	$1,663 (8.22%)
3 BR	$1.52	$1,999	$1,925 (3.84%)	$1,733 (15.33%)
4+ BR	$1.45	$2,400	$2,522 (-4.82%)	$2,451 (-2.07%)

Historical Rents in Philadelphia, PA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Philadelphia

There are a total of 4 cities nearby Philadelphia. The average rent in Philadelphia is currently $2,465 per month. Only one city nearby has an average rent lower than that. Our records show that Wilmington, DE, with an average rent of $1,600, is the most affordable city nearby. In contrast, the most expensive city near Philadelphia, PA is Glassboro, NJ. Monthly rents here are on average $3,000 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 0.74% more affordable than other cities nearby. One bedrooms are about 6.92% more affordable. Two bedrooms in Philadelphia, PA are about 20.77% more affordable. Finally, rent for three bedrooms are about 30.00% more affordable. Want more information? Check out the top 4 cities near Philadelphia, PA in the following chart.

City	Studio	1 Bed	2 Bed	All
Wilmington, DE	$1,045	$1,573	$1,795	$1,600
King of Prussia, PA	$1,675	$2,052	$2,595	$2,371
Lansdale, PA	$2,411	$2,558	$2,856	$2,558
Glassboro, NJ	N/A	N/A	$1,600	$3,000

Top Neighborhoods Near Philadelphia

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

The average rent for these 30 neighborhoods in or near Philadelphia, PA is currently around $1,865 per month. A total of 13 neighborhoods have a lower average rent. Meaning, only seventeen neighborhoods have a higher average rent than $1,865. 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 $1,300 per month. Whereas, at $3,010 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	N/A	$1,000	$1,300	$1,300
Germantown, Philadelphia, PA	$900	$1,256	$1,850	$1,425
Kingsessing, Philadelphia, PA	$1,100	$1,225	$1,550	$1,450
Port Richmond, Philadelphia, PA	$1,500	$1,195	$1,450	$1,500
South Philadelphia West, Philadelphia, PA	$1,095	$1,275	$1,600	$1,600
North Philadelphia East, Philadelphia, PA	$1,295	$1,428	$1,657	$1,650
Roxborough, Philadelphia, PA	$1,350	$1,598	$1,888	$1,650
North Philadelphia West, Philadelphia, PA	$1,228	$1,420	$1,600	$1,664
East Falls, Philadelphia, PA	$1,500	$1,650	$1,963	$1,763
Kensington, Philadelphia, PA	$1,161	$1,595	$1,800	$1,777
Point Breeze, Philadelphia, PA	$1,315	$1,385	$1,798	$1,795
Northern Liberties - Fishtown, Philadelphia, PA	$1,329	$1,712	$2,300	$1,800
Washington Square West, Philadelphia, PA	$1,248	$1,805	$2,253	$1,850
Spruce Hill, Philadelphia, PA	$895	$1,030	$1,800	$1,850
East Germantown, Philadelphia, PA	$1,375	$1,840	$1,700	$1,865
Manayunk, Philadelphia, PA	$1,410	$1,569	$1,938	$1,900
West Powelton, Philadelphia, PA	$1,246	$1,535	$1,800	$1,900
Graduate Hospital, Philadelphia, PA	$1,246	$1,695	$2,195	$1,913
Avenue of the Arts North, Philadelphia, PA	$750	$1,800	$1,495	$1,975
Bella Vista - Southwark, Philadelphia, PA	$1,145	$1,698	$2,250	$2,000
Queen Village - Pennsport, Philadelphia, PA	N/A	$1,525	$1,950	$2,028
Center City East, Philadelphia, PA	$1,325	$1,900	$2,875	$2,038
Rittenhouse Square, Philadelphia, PA	$1,575	$2,142	$2,700	$2,100
Center City West, Philadelphia, PA	$1,488	$2,098	$3,400	$2,126
Avenue of the Arts South, Philadelphia, PA	$1,766	$2,120	$3,038	$2,164
Fairmount - Art Museum, Philadelphia, PA	$1,504	$1,850	$2,200	$2,200
Fitler Square, Philadelphia, PA	$1,710	$2,200	$3,567	$2,235
Mantua, Philadelphia, PA	N/A	$1,320	$1,598	$2,288
Logan Square, Philadelphia, PA	$1,653	$2,350	$3,435	$2,486
University City, Philadelphia, PA	$1,343	$3,000	$4,299	$3,010

Top Counties Near Philadelphia

There are a total of 31 counties located by Philadelphia, PA. Some of these counties include Wilmington, DE, Philadelphia, PA, and Lower Merion, PA. The average rent for rentals in these counties is $2,313. 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 Philadelphia, PA.

Typically, rent for studios in Philadelphia, PA is 12.04% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Philadelphia, PA is 2.65% more affordable than other counties nearby. Finally, rent for two bedrooms in Philadelphia, PA is 14.65% 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	$1,045	$1,573	$1,795	$1,600
Philadelphia, PA	$1,350	$1,695	$1,818	$1,800
Lower Merion, PA	$1,741	$1,785	$2,350	$2,255
Upper Merion, PA	$1,675	$2,052	$2,559	$2,371
Lansdale, PA	$2,411	$2,558	$2,856	$2,558
Glassboro, NJ	N/A	N/A	$1,600	$3,000

Top Zipcodes Near Philadelphia

There are a total of 27 zipcodes in or near Philadelphia, PA. The average rent for all of these zipcodes is $1,795. A total of 16 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 $1,348 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 $1,298. 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 Philadelphia, PA is $1,595 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,890 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	$1,600	$2,185	$3,450	$2,200
19121, Philadelphia, PA	$1,230	$1,425	$1,600	$1,750
19146, Philadelphia, PA	$1,350	$1,539	$1,890	$1,795
19122, Philadelphia, PA	$1,317	$1,475	$1,754	$1,720
19104, Philadelphia, PA	$1,305	$2,605	$1,900	$2,150
19125, Philadelphia, PA	$1,285	$1,600	$1,873	$1,800
19107, Philadelphia, PA	$1,203	$1,925	$2,800	$1,995
19130, Philadelphia, PA	$1,494	$1,800	$2,200	$2,200
19123, Philadelphia, PA	$1,298	$1,607	$2,150	$1,800
19147, Philadelphia, PA	$1,148	$1,775	$2,305	$2,100

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 $1,350 and an average price per square feet of $3.09. There are a total of 454 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 $2.58. There are a total of 1,728 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 $1,818 and an average price per square feet of $1.92. There are a total of 1,502 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 -0.02%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by 0.04% 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.