Average Rent in Port Richmond, Philadelphia, PA

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Current Versus Historical Port Richmond, Philadelphia, PA Rents

Port Richmond rentals average $1,500 for a studio rental to $1,900 for a 4-bedroom rental. The median price of all currently available listings is $1,500, or roughly $2 per square feet.
For the apartment units and housing in March 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $528 (-33.04%) year-over-year from $1,598 to $1,070. 1-bedroom rentals prices have increased by $167 (14.08%) year-over-year from $1,183 to $1,350. 2-bedroom rentals prices have increased by $242 (18.47%) year-over-year from $1,308 to $1,550. 3-bedroom rentals prices have increased by $158 (9.95%) year-over-year from $1,592 to $1,750. 4-bedroom rentals prices have decreased by $274 (-14.63%) year-over-year from $1,874 to $1,600. 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 40.45% this month. 1-bedroom rents have gone up by 3.85% this month. 2-bedroom rents have gone up by 0.32% this month. 3-bedroom rents have gone up by 7.69% this month. 4-bedroom rents have gone down by 20.00% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.50 $1,070 $1,598 (-33.04%) $829 (29.14%)
1 BR $0.89 $1,350 $1,183 (14.08%) $877 (53.99%)
2 BR $1.67 $1,550 $1,308 (18.47%) $1,066 (45.43%)
3 BR $1.37 $1,750 $1,592 (9.95%) $1,558 (12.30%)
4+ BR $1.31 $1,600 $1,874 (-14.63%) $1,700 (-5.88%)

Historical Rents in Port Richmond, Philadelphia, PA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Port Richmond

There are a total of 5 cities nearby Port Richmond. The average rent in Port Richmond is currently $2,357 per month. Our records show that Wilmington, DE, with an average rent of $1,698, is the most affordable city nearby. In contrast, the most expensive city near Port Richmond, Philadelphia, PA is Glassboro, NJ. Monthly rents here are on average $2,975 per month.

Let's compare Port Richmond, Philadelphia, PA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Port Richmond, Philadelphia, PA is 6.67% more affordable than other cities nearby. One bedrooms are about 32.65% more affordable. Two bedrooms in Port Richmond, Philadelphia, PA are about 38.11% more affordable. Finally, rent for three bedrooms are about 3.36% more affordable. Want more information? Check out the top 5 cities near Port Richmond, Philadelphia, PA in the following chart.
City Studio 1 Bed 2 Bed All
Wilmington, DE $1,600 $1,573 $1,975 $1,698
Philadelphia, PA $1,370 $1,625 $1,800 $1,795
King of Prussia, PA $1,818 $2,074 $2,658 $2,357
Lansdale, PA $2,269 $2,546 $3,354 $2,546
Glassboro, NJ N/A N/A $1,700 $2,975

Top Neighborhoods Near Port Richmond

There are a total of 27 neighborhoods in or near Port Richmond. Some of these neighborhoods include Cobbs Creek, Kingsessing, and Germantown. We've included all of these top 27 neighborhoods in or near Port Richmond, Philadelphia, PA in the following chart.

The average rent for these 27 neighborhoods in or near Port Richmond, Philadelphia, PA is currently around $1,885 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only twenty-four neighborhoods have a higher average rent than $1,885. Interestingly, the neighborhoods' average rent is higher than Port Richmond's average rent, which is only $1,500. Out of all the neighborhoods in or near Port Richmond, Cobbs Creek has the most affordable average rent at $1,325 per month. Whereas, at $3,096 average rent per month, University City is the most expensive neighborhood in or near Port Richmond. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Cobbs Creek, Philadelphia, PA N/A $1,000 $1,313 $1,325
Kingsessing, Philadelphia, PA $1,038 $1,295 $1,428 $1,395
Germantown, Philadelphia, PA $850 $1,375 $1,723 $1,495
Roxborough, Philadelphia, PA $1,350 $1,600 $1,895 $1,625
North Philadelphia East, Philadelphia, PA $1,298 $1,400 $1,629 $1,629
South Philadelphia West, Philadelphia, PA $1,125 $1,250 $1,695 $1,685
East Germantown, Philadelphia, PA N/A $1,350 $1,695 $1,695
North Philadelphia West, Philadelphia, PA $1,230 $1,420 $1,581 $1,699
Washington Square West, Philadelphia, PA $1,300 $1,700 $2,100 $1,748
Kensington, Philadelphia, PA $1,168 $1,638 $1,750 $1,750
Point Breeze, Philadelphia, PA $1,292 $1,329 $1,700 $1,818
Avenue of the Arts North, Philadelphia, PA $1,000 $1,800 $1,445 $1,850
Manayunk, Philadelphia, PA $1,450 $1,569 $1,913 $1,873
Northern Liberties - Fishtown, Philadelphia, PA $1,400 $1,715 $2,372 $1,885
West Powelton, Philadelphia, PA N/A $1,390 $1,878 $1,895
Center City East, Philadelphia, PA $1,348 $1,850 $2,570 $1,995
Bella Vista - Southwark, Philadelphia, PA $1,000 $1,575 $2,195 $1,995
Spruce Hill, Philadelphia, PA $900 $1,427 $1,900 $1,998
Rittenhouse Square, Philadelphia, PA $1,600 $2,158 $3,125 $2,050
Graduate Hospital, Philadelphia, PA $1,136 $1,695 $2,295 $2,077
Fairmount - Art Museum, Philadelphia, PA $1,561 $1,708 $2,200 $2,100
Center City West, Philadelphia, PA $1,475 $2,047 $3,736 $2,100
Avenue of the Arts South, Philadelphia, PA $1,150 $2,070 $2,746 $2,125
Mantua, Philadelphia, PA N/A $1,340 $1,648 $2,300
Fitler Square, Philadelphia, PA $1,725 $2,200 $3,575 $2,300
Logan Square, Philadelphia, PA $1,749 $2,400 $3,381 $2,600
University City, Philadelphia, PA $1,370 $3,086 $4,383 $3,096

Top Counties Near Port Richmond

There are a total of 27 counties located by Port Richmond, Philadelphia, PA. Some of these counties include Philadelphia, PA, Delaware, PA, and Camden, NJ. The average rent for rentals in these counties is $2,425. That's roughly around $2 per sqft. The county that is the most affordable is Philadelphia, PA. It's average rent per month is $1,795. Vice versa, with an average rent of $2,700, Gloucester, NJ is the most expensive county by Port Richmond, Philadelphia, PA.

Typically, rent for studios in Port Richmond, Philadelphia, PA is 7.67% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Port Richmond, Philadelphia, PA is 31.12% more affordable than other counties nearby. Finally, rent for two bedrooms in Port Richmond, Philadelphia, PA is 36.36% more affordable than other counties nearby. We've listed the top 8 counties in the chart below.
County Studio 1 Bed 2 Bed All
Philadelphia, PA $1,370 $1,625 $1,800 $1,795
Delaware, PA $1,250 $1,275 $1,605 $1,850
Camden, NJ $1,400 $1,453 $1,900 $2,000
Montgomery, PA $1,830 $2,013 $2,195 $2,400
Burlington, NJ N/A $1,588 $2,000 $2,450
Bucks, PA $1,450 $1,800 $2,350 $2,500
Mercer, NJ N/A $1,850 $2,300 $2,500
Gloucester, NJ $2,100 $1,455 $1,750 $2,700

Top Zipcodes Near Port Richmond

There are a total of 27 zipcodes in or near Port Richmond, Philadelphia, PA. The average rent for all of these zipcodes is $1,800. A total of 6 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 $1,395 per month. In comparison, the zipcode with the most expensive average rent of $2,975 per month is 08028, Glassboro, NJ.

Studios in these zipcodes have an average rent of $1,230. 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 Port Richmond, Philadelphia, PA is $1,595 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,892 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Port Richmond, Philadelphia, PA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
19134, Philadelphia, PA $1,625 $1,285 $1,400 $1,500
19125, Philadelphia, PA $1,180 $1,595 $1,800 $1,800
19133, Philadelphia, PA N/A $1,200 $1,500 $1,500
19122, Philadelphia, PA $1,344 $1,495 $1,750 $1,695
19123, Philadelphia, PA $1,320 $1,607 $2,100 $1,850
19106, Philadelphia, PA $1,545 $1,960 $2,775 $2,100
19132, Philadelphia, PA $750 $1,050 $1,300 $1,475
19107, Philadelphia, PA $1,205 $1,780 $2,315 $1,922
19102, Philadelphia, PA $1,484 $2,195 $2,900 $2,198
19130, Philadelphia, PA $1,519 $1,733 $2,200 $2,100

Frequently Asked Questions - Port Richmond Average Rents

What is the average rent price in Port Richmond, Philadelphia, PA?
The average monthly rental price for Port Richmond, Philadelphia, PA apartments for rent is approximately $1,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Port Richmond, 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 Port Richmond, Philadelphia, PA.
How much is a studio apartment in Port Richmond, Philadelphia, PA?
The average monthly rental price for studio apartments is $1,500 and an average price per square feet of $2.50. There are a total of 7 studio apartment listings currently available for rent in Port Richmond.
How much is a one bedroom apartment in Port Richmond, Philadelphia, PA?
The average monthly rental price for one bedroom apartments is $1,225 and an average price per square feet of $0.89. There are a total of 27 one bedroom apartment listings currently available for rent in Port Richmond.
How much is a two bedroom apartment in Port Richmond, Philadelphia, PA?
The average monthly rental price for two bedroom apartments is $1,430 and an average price per square feet of $1.67. There are a total of 23 two bedroom apartment listings currently available for rent in Port Richmond.
How have rent prices in Port Richmond, Philadelphia, PA changed this year?
Rent prices for rentals in Port Richmond, Philadelphia, PA can fluctuate yearly. Specifically, studio rental prices have changed by -0.33%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.18%, and three bedroom rental prices have changed by 0.10% year-over-year.
What is a reasonable rent price in Port Richmond, Philadelphia, PA?
A reasonable rent price in Port Richmond, Philadelphia, PA is around $1,200/month. You can search for these reasonably priced rental listings on RentHop.
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