Average Rent in South Philadelphia, Philadelphia, PA

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Current Versus Historical South Philadelphia, Philadelphia, PA Rents

South Philadelphia rentals average $1,205 for a studio rental to $2,995 for a 4-bedroom rental. The median price of all currently available listings is $1,750, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen over the last year. Studio rentals prices have increased by $68 (4.93%) year-over-year from $1,370 to $1,438. 1-bedroom rentals prices have increased by $96 (6.61%) year-over-year from $1,457 to $1,553. 2-bedroom rentals prices have decreased by $20 (-1.07%) year-over-year from $1,870 to $1,850. 3-bedroom rentals prices have increased by $184 (8.13%) year-over-year from $2,266 to $2,450. 4-bedroom rentals prices have decreased by $28 (-0.94%) year-over-year from $3,023 to $2,995. 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 5.89% this month. 1-bedroom rents have gone up by 5.24% this month. 2-bedroom rents have gone down by 0.89% this month. 3-bedroom rents have gone up by 5.95% this month. 4-bedroom rents have gone up by 5.21% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.90	$1,438	$1,370 (4.93%)	$1,109 (29.60%)
1 BR	$2.01	$1,553	$1,457 (6.61%)	$1,316 (18.02%)
2 BR	$1.90	$1,850	$1,870 (-1.07%)	$1,647 (12.35%)
3 BR	$1.63	$2,450	$2,266 (8.13%)	$1,880 (30.32%)
4+ BR	$1.69	$2,995	$3,023 (-0.94%)	$2,550 (17.45%)

Historical Rents in South Philadelphia, Philadelphia, PA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near South Philadelphia

There are a total of 5 cities nearby South Philadelphia. The average rent in South Philadelphia is currently $2,369 per month. Only one city nearby has an average rent lower than that. Our records show that Wilmington, DE, with an average rent of $1,648, is the most affordable city nearby. In contrast, the most expensive city near South Philadelphia, Philadelphia, PA is Glassboro, NJ. Monthly rents here are on average $2,950 per month.

Let's compare South Philadelphia, Philadelphia, PA's rent against other top cities nearby by bedroom size. Typically, rent for studios in South Philadelphia, Philadelphia, PA is 11.49% more affordable than other cities nearby. One bedrooms are about 13.00% more affordable. Two bedrooms in South Philadelphia, Philadelphia, PA are about 7.50% more affordable. Finally, rent for three bedrooms are about 4.17% more affordable. Want more information? Check out the top 5 cities near South Philadelphia, Philadelphia, PA in the following chart.

City	Studio	1 Bed	2 Bed	All
Wilmington, DE	$1,548	$1,500	$1,935	$1,648
Philadelphia, PA	$1,344	$1,695	$1,800	$1,800
King of Prussia, PA	N/A	$2,158	$2,760	$2,369
Lansdale, PA	$2,123	$2,515	$3,144	$2,515
Glassboro, NJ	N/A	N/A	$1,600	$2,950

Top Neighborhoods Near South Philadelphia

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

The average rent for these 29 neighborhoods in or near South Philadelphia, Philadelphia, PA is currently around $1,835 per month. A total of 12 neighborhoods have a lower average rent. Meaning, only seventeen neighborhoods have a higher average rent than $1,835. Interestingly, the neighborhoods' average rent is higher than South Philadelphia's average rent, which is only $1,750. Out of all the neighborhoods in or near South Philadelphia, Haddington has the most affordable average rent at $1,250 per month. Whereas, at $2,515 average rent per month, Logan Square is the most expensive neighborhood in or near South Philadelphia. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Haddington, Philadelphia, PA	$1,050	$1,250	$1,250	$1,250
Cobbs Creek, Philadelphia, PA	N/A	$1,175	$1,295	$1,350
Germantown, Philadelphia, PA	$1,028	$1,325	$1,740	$1,388
Kingsessing, Philadelphia, PA	$975	$1,200	$1,500	$1,425
Port Richmond, Philadelphia, PA	$1,500	$1,195	$1,585	$1,585
South Philadelphia West, Philadelphia, PA	$1,038	$1,265	$1,595	$1,595
North Philadelphia West, Philadelphia, PA	$1,213	$1,430	$1,600	$1,650
Roxborough, Philadelphia, PA	$1,325	$1,610	$1,850	$1,650
North Philadelphia East, Philadelphia, PA	$1,200	$1,385	$1,650	$1,675
Point Breeze, Philadelphia, PA	$1,224	$1,398	$1,795	$1,700
East Germantown, Philadelphia, PA	$1,300	$1,590	$1,595	$1,725
Kensington, Philadelphia, PA	$1,134	$1,500	$1,795	$1,750
Graduate Hospital, Philadelphia, PA	$1,342	$1,630	$2,500	$1,800
Avenue of the Arts North, Philadelphia, PA	$750	$1,673	$1,800	$1,800
Northern Liberties - Fishtown, Philadelphia, PA	$1,399	$1,705	$2,300	$1,835
Manayunk, Philadelphia, PA	$1,310	$1,500	$2,095	$1,875
West Powelton, Philadelphia, PA	N/A	$1,483	$1,695	$1,892
Spruce Hill, Philadelphia, PA	$925	$1,250	$1,925	$1,925
Washington Square West, Philadelphia, PA	$1,350	$1,940	$2,450	$1,983
Center City East, Philadelphia, PA	$1,328	$1,900	$2,650	$2,000
Avenue of the Arts South, Philadelphia, PA	$1,200	$1,989	$2,995	$2,032
Rittenhouse Square, Philadelphia, PA	$1,571	$2,106	$3,320	$2,101
Center City West, Philadelphia, PA	$1,490	$2,055	$3,362	$2,105
Fairmount - Art Museum, Philadelphia, PA	$1,444	$1,985	$2,098	$2,186
Bella Vista - Southwark, Philadelphia, PA	$1,095	$1,698	$2,259	$2,200
Mantua, Philadelphia, PA	N/A	$1,300	$1,750	$2,395
Fitler Square, Philadelphia, PA	$1,713	$2,300	$3,570	$2,398
University City, Philadelphia, PA	$1,282	$2,829	$4,214	$2,488
Logan Square, Philadelphia, PA	$1,735	$2,495	$3,685	$2,515

Top Counties Near South Philadelphia

There are a total of 29 counties located by South Philadelphia, Philadelphia, PA. Some of these counties include Philadelphia, PA, Camden, NJ, and Delaware, PA. The average rent for rentals in these counties is $2,457. That's roughly around $2 per sqft. The county that is the most affordable is Philadelphia, PA. It's average rent per month is $1,800. Vice versa, with an average rent of $2,917, Mercer, NJ is the most expensive county by South Philadelphia, Philadelphia, PA.

Typically, rent for studios in South Philadelphia, Philadelphia, PA is 20.12% more expensive than other counties nearby. In comparison, rent for one bedroom listings in South Philadelphia, Philadelphia, PA is 4.17% more affordable than other counties nearby. Finally, rent for two bedrooms in South Philadelphia, Philadelphia, PA is 11.04% 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	$1,344	$1,695	$1,800	$1,800
Camden, NJ	N/A	$1,525	$1,850	$1,950
Delaware, PA	$1,300	$1,300	$1,700	$1,995
Montgomery, PA	$2,123	$1,944	$2,150	$2,414
Burlington, NJ	N/A	$1,525	$2,148	$2,500
Bucks, PA	$625	$1,600	$2,300	$2,675
Gloucester, NJ	$1,300	$1,380	$1,743	$2,800
Mercer, NJ	N/A	$1,795	$2,775	$2,917

Top Zipcodes Near South Philadelphia

There are a total of 26 zipcodes in or near South Philadelphia, Philadelphia, PA. The average rent for all of these zipcodes is $1,763. A total of 13 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 $2,950 per month is 08028, Glassboro, NJ.

Studios in these zipcodes have an average rent of $1,232. 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 South Philadelphia, Philadelphia, PA is $1,552 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,819 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in South Philadelphia, Philadelphia, PA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
19145, Philadelphia, PA	$1,038	$1,265	$1,650	$1,650
19148, Philadelphia, PA	$1,095	$1,400	$1,650	$1,625
19147, Philadelphia, PA	$1,275	$1,845	$2,300	$2,200
19146, Philadelphia, PA	$1,238	$1,595	$1,900	$1,750
19102, Philadelphia, PA	$1,573	$2,135	$3,295	$2,171
19103, Philadelphia, PA	$1,625	$2,228	$3,635	$2,295
19107, Philadelphia, PA	$1,195	$1,935	$2,675	$1,942
19106, Philadelphia, PA	$1,623	$1,995	$2,680	$2,070
19104, Philadelphia, PA	$1,266	$1,700	$1,925	$2,100
19143, Philadelphia, PA	$1,100	$1,250	$1,500	$1,445

Frequently Asked Questions - South Philadelphia Average Rents

What is the average rent price in South Philadelphia, Philadelphia, PA?

The average monthly rental price for South Philadelphia, Philadelphia, PA apartments for rent is approximately $1,750. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do South Philadelphia, 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 South Philadelphia, Philadelphia, PA.

How much is a studio apartment in South Philadelphia, Philadelphia, PA?

The average monthly rental price for studio apartments is $1,205 and an average price per square feet of $1.90. There are a total of 37 studio apartment listings currently available for rent in South Philadelphia.

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

The average monthly rental price for one bedroom apartments is $1,500 and an average price per square feet of $2.01. There are a total of 185 one bedroom apartment listings currently available for rent in South Philadelphia.

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

The average monthly rental price for two bedroom apartments is $1,800 and an average price per square feet of $1.90. There are a total of 198 two bedroom apartment listings currently available for rent in South Philadelphia.

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

Rent prices for rentals in South Philadelphia, Philadelphia, PA can fluctuate yearly. Specifically, studio rental prices have changed by 0.05%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by 0.08% year-over-year.

What is a reasonable rent price in South Philadelphia, Philadelphia, PA?

A reasonable rent price in South Philadelphia, Philadelphia, PA is around $1,400/month. You can search for these reasonably priced rental listings on RentHop.