Average Rent in Rittenhouse Square, Philadelphia, PA

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Current Versus Historical Rittenhouse Square, Philadelphia, PA Rents

Rittenhouse Square rentals average $1,575 for a studio rental to $5,975 for a 4-bedroom rental. The median price of all currently available listings is $2,103, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $111 (7.62%) year-over-year from $1,461 to $1,572. 1-bedroom rentals prices have increased by $205 (11.01%) year-over-year from $1,863 to $2,068. 2-bedroom rentals prices have increased by $299 (11.40%) year-over-year from $2,623 to $2,923. 3-bedroom rentals prices have decreased by $213 (-6.80%) year-over-year from $3,138 to $2,925. 4-bedroom rentals prices have increased by $510 (9.33%) year-over-year from $5,465 to $5,975. 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 3.83% this month. 1-bedroom rents have gone up by 3.59% this month. 2-bedroom rents have gone up by 12.80% this month. 3-bedroom rents have gone down by 18.56% this month. 4-bedroom rents have gone up by 2.87% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.35	$1,572	$1,461 (7.62%)	$1,283 (22.53%)
1 BR	$3.13	$2,068	$1,863 (11.01%)	$1,577 (31.13%)
2 BR	$2.88	$2,923	$2,623 (11.40%)	$1,963 (48.92%)
3 BR	$2.52	$2,925	$3,138 (-6.80%)	$2,944 (-0.65%)
4+ BR	$2.80	$5,975	$5,465 (9.33%)	$4,318 (38.39%)

Historical Rents in Rittenhouse Square, Philadelphia, PA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Rittenhouse Square

There are a total of 5 cities nearby Rittenhouse Square. The average rent in Rittenhouse Square is currently $2,356 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 Rittenhouse Square, Philadelphia, PA is Glassboro, NJ. Monthly rents here are on average $3,000 per month.

Let's compare Rittenhouse Square, Philadelphia, PA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Rittenhouse Square, Philadelphia, PA is 1.71% more expensive than other cities nearby. One bedrooms are about 19.57% more expensive. Two bedrooms in Rittenhouse Square, Philadelphia, PA are about 43.40% more expensive. Finally, rent for three bedrooms are about 28.57% more expensive. Want more information? Check out the top 5 cities near Rittenhouse Square, Philadelphia, PA in the following chart.

City	Studio	1 Bed	2 Bed	All
Wilmington, DE	$1,548	$1,550	$1,895	$1,600
Philadelphia, PA	$1,371	$1,695	$1,833	$1,800
Lansdale, PA	$1,993	$2,356	$3,155	$2,356
King of Prussia, PA	$2,045	$2,097	$2,691	$2,393
Glassboro, NJ	N/A	N/A	$1,550	$3,000

Top Neighborhoods Near Rittenhouse Square

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

The average rent for these 27 neighborhoods in or near Rittenhouse Square, Philadelphia, PA is currently around $1,850 per month. A total of 18 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $1,850. Out of all the neighborhoods in or near Rittenhouse Square, Haddington has the most affordable average rent at $1,300 per month. Whereas, at $3,025 average rent per month, University City is the most expensive neighborhood in or near Rittenhouse Square. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Haddington, Philadelphia, PA	$1,077	$1,200	$1,275	$1,300
Cobbs Creek, Philadelphia, PA	N/A	$1,138	$1,400	$1,400
Kingsessing, Philadelphia, PA	$1,038	$1,250	$1,500	$1,400
Germantown, Philadelphia, PA	$1,028	$1,338	$1,944	$1,408
Port Richmond, Philadelphia, PA	$1,500	$1,195	$1,584	$1,500
South Philadelphia West, Philadelphia, PA	$1,038	$1,265	$1,595	$1,550
Roxborough, Philadelphia, PA	$1,338	$1,595	$1,875	$1,630
North Philadelphia West, Philadelphia, PA	$1,213	$1,425	$1,600	$1,650
North Philadelphia East, Philadelphia, PA	$1,338	$1,398	$1,674	$1,695
Kensington, Philadelphia, PA	$1,100	$1,500	$1,800	$1,750
Point Breeze, Philadelphia, PA	$1,284	$1,425	$1,795	$1,780
East Germantown, Philadelphia, PA	$1,300	$1,475	$1,673	$1,850
Manayunk, Philadelphia, PA	$1,420	$1,500	$1,995	$1,850
Avenue of the Arts North, Philadelphia, PA	$750	$1,665	$1,550	$1,850
Northern Liberties - Fishtown, Philadelphia, PA	$1,438	$1,695	$2,353	$1,855
West Powelton, Philadelphia, PA	N/A	$1,615	$1,695	$1,892
Washington Square West, Philadelphia, PA	$1,258	$1,895	$2,523	$1,898
Center City East, Philadelphia, PA	$1,335	$1,900	$2,680	$2,010
Center City West, Philadelphia, PA	$1,458	$2,063	$3,315	$2,105
Avenue of the Arts South, Philadelphia, PA	$1,225	$2,050	$2,988	$2,123
Bella Vista - Southwark, Philadelphia, PA	$1,095	$1,695	$2,250	$2,148
Fairmount - Art Museum, Philadelphia, PA	$1,523	$1,805	$2,200	$2,186
Graduate Hospital, Philadelphia, PA	$1,342	$1,697	$2,495	$2,200
Mantua, Philadelphia, PA	N/A	$1,288	$1,800	$2,350
Logan Square, Philadelphia, PA	$1,665	$2,255	$3,640	$2,350
Fitler Square, Philadelphia, PA	$1,725	$2,150	$3,600	$2,395
University City, Philadelphia, PA	$1,337	$3,020	$4,357	$3,025

Top Counties Near Rittenhouse Square

There are a total of 27 counties located by Rittenhouse Square, Philadelphia, PA. Some of these counties include Wilmington, DE, Philadelphia, PA, and Lower Merion, PA. The average rent for rentals in these counties is $2,326. 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 Rittenhouse Square, Philadelphia, PA.

Typically, rent for studios in Rittenhouse Square, Philadelphia, PA is 10.73% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Rittenhouse Square, Philadelphia, PA is 18.98% more expensive than other counties nearby. Finally, rent for two bedrooms in Rittenhouse Square, Philadelphia, PA is 36.60% 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	$1,548	$1,550	$1,895	$1,600
Philadelphia, PA	$1,371	$1,695	$1,833	$1,800
Lower Merion, PA	$1,940	$1,720	$2,350	$2,295
Lansdale, PA	$1,993	$2,356	$3,155	$2,356
Upper Merion, PA	$2,045	$2,097	$2,636	$2,391
Glassboro, NJ	N/A	N/A	$1,550	$3,000

Top Zipcodes Near Rittenhouse Square

There are a total of 25 zipcodes in or near Rittenhouse Square, Philadelphia, PA. The average rent for all of these zipcodes is $1,800. A total of 17 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19140, Philadelphia, PA at $1,250 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 $1,275. 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 Rittenhouse Square, Philadelphia, PA is $1,567 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,875 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Rittenhouse Square, Philadelphia, PA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
19102, Philadelphia, PA	$1,570	$2,155	$3,307	$2,195
19103, Philadelphia, PA	$1,628	$2,150	$3,582	$2,200
19107, Philadelphia, PA	$1,200	$1,900	$2,698	$1,925
19146, Philadelphia, PA	$1,298	$1,567	$1,970	$1,800
19106, Philadelphia, PA	$1,650	$2,008	$2,795	$2,150
19147, Philadelphia, PA	$1,275	$1,800	$2,259	$2,100
19130, Philadelphia, PA	$1,503	$1,800	$2,200	$2,146
19104, Philadelphia, PA	$1,312	$2,084	$1,900	$2,111
19123, Philadelphia, PA	$1,315	$1,608	$2,200	$1,950
19122, Philadelphia, PA	$1,349	$1,495	$1,750	$1,743

Frequently Asked Questions - Rittenhouse Square Average Rents

What is the average rent price in Rittenhouse Square, Philadelphia, PA?

The average monthly rental price for Rittenhouse Square, Philadelphia, PA apartments for rent is approximately $2,103. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Rittenhouse Square, 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 Rittenhouse Square, Philadelphia, PA.

How much is a studio apartment in Rittenhouse Square, Philadelphia, PA?

The average monthly rental price for studio apartments is $1,575 and an average price per square feet of $3.35. There are a total of 44 studio apartment listings currently available for rent in Rittenhouse Square.

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

The average monthly rental price for one bedroom apartments is $2,108 and an average price per square feet of $3.13. There are a total of 106 one bedroom apartment listings currently available for rent in Rittenhouse Square.

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

The average monthly rental price for two bedroom apartments is $3,348 and an average price per square feet of $2.88. There are a total of 37 two bedroom apartment listings currently available for rent in Rittenhouse Square.

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

Rent prices for rentals in Rittenhouse Square, Philadelphia, PA can fluctuate yearly. Specifically, studio rental prices have changed by 0.08%, one bedroom rental prices have changed by 0.11%, two bedroom rental prices have changed by 0.11%, and three bedroom rental prices have changed by -0.07% year-over-year.

What is a reasonable rent price in Rittenhouse Square, Philadelphia, PA?

A reasonable rent price in Rittenhouse Square, Philadelphia, PA is around $1,682/month. You can search for these reasonably priced rental listings on RentHop.