Philadelphia, PA Rental Market Trends
Last updated: March 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Philadelphia is $1,988, a 0.89% increase compared to the previous year, when the average rent was $1,970.
Studio Apartments at $1,472 offer the most budget-friendly option with 460 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 702 square feet for $1,817, balancing privacy and affordability.
Two-beedroom units at $2,278 offer 988 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,383 sq ft) for $3,451, suitable for larger households.
Average rent in Philadelphia, PA
Last updated: March 31, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,988 | 786 sq. ft. |
| Studio | $1,472 | 460 sq. ft. |
| 1 Bed | $1,817 | 702 sq. ft. |
| 2 Beds | $2,278 | 988 sq. ft. |
| 3 Beds | $3,451 | 1,383 sq. ft. |
Philadelphia, PA rent trends
What's the typical rent budget in Philadelphia, PA?
The largest share of rentals in Philadelphia, PA (32%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Philadelphia, PA?
319,081 or 48% of the households in Philadelphia, PA are renter-occupied while 350,141 or 52% are owner-occupied.
Most affordable neighborhoods in Philadelphia?
Frankford $1,099/month
Ogontz $1,106/month
Tioga $1,171/month
All of these neighborhoods fall below the city wide average of $1,988/month.Most expensive neighborhoods in Philadelphia?
Hawthorne $3,116/month
University City $3,292/month
Society Hill $3,437/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Philadelphia, PA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Society Hill | $3,437 |
| University City | $3,292 |
| Hawthorne | $3,116 |
| Center City West | $2,897 |
| North Philadelphia | $2,646 |
| Powelton Village | $2,606 |
| Rittenhouse Square | $2,525 |
| Passyunk Square | $2,421 |
| Logan Square | $2,418 |
| Northern Liberties | $2,405 |
| Old City | $2,294 |
| Southwest Center City | $2,274 |
| West Poplar | $2,272 |
| Olde Kensington | $2,224 |
| Manayunk | $2,218 |
| Market East | $2,193 |
| Spring Garden | $2,168 |
| East Poplar | $2,141 |
| Fishtown | $2,116 |
| Kensington South | $2,100 |
| Washington Square West | $2,010 |
| Callowhill | $1,974 |
| Chestnut Hill | $1,919 |
| Paradise | $1,879 |
| Cabot | $1,863 |
| East Torresdale | $1,828 |
| Norris Square | $1,818 |
| Central Roxborough | $1,801 |
| Spruce Hill | $1,782 |
| Mantua | $1,746 |
| East Kensington | $1,727 |
| Francisville | $1,725 |
| Brewerytown | $1,725 |
| Packer Park | $1,718 |
| Wynnefield Heights | $1,713 |
| Garden Court | $1,710 |
| Upper Roxborough | $1,667 |
| Wynnefield | $1,637 |
| East Falls | $1,620 |
| Overbrook Farms | $1,612 |
| Point Breeze | $1,561 |
| West Mount Airy | $1,502 |
| Wissahickon | $1,489 |
| West Torresdale | $1,485 |
| Bustleton | $1,485 |
| Holmesburg | $1,485 |
| Germantown | $1,468 |
| Fox Chase | $1,453 |
| Cecil B Moore | $1,451 |
| Kensington | $1,428 |
| Winchester | $1,406 |
| Rhawnhurst | $1,397 |
| Bells Corner | $1,365 |
| East Mount Airy | $1,363 |
| Ashton - Woodenbridge | $1,355 |
| Burholme | $1,352 |
| Cobbs Creek | $1,346 |
| East Oak Lane | $1,339 |
| Cedarbrook | $1,332 |
| Eastwick Southwest Philadelphia | $1,329 |
| West Oak Lane | $1,294 |
| Olney | $1,281 |
| Fern Rock | $1,269 |
| Cedar Park | $1,256 |
| Logan | $1,226 |
| Walnut Hill | $1,176 |
| Tioga | $1,171 |
| Ogontz | $1,106 |
| Frankford | $1,099 |
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Philadelphia | Rent Comparison by Neighborhood
Rent in Ashton - Woodenbridge is 1% lower than in Bells Corner
$1,355
Ashton - Woodenbridge rent is 32% lower than Philadelphia average
Average Rent
$1,355
$1,365
Bells Corner rent is 31% lower than Philadelphia average
Average Rent
$1,365
How Philadelphia Compares to Other Cities
| City | Average Rent |
|---|---|
| Philadelphia | $1,988 |
| Pittsburgh | $1,786 |
| Lehigh Valley | $1,786 |
| Harrisburg | $1,407 |
| Reading | $1,654 |
| State College | $2,153 |
| Allentown | $1,631 |
| York | $1,540 |
| Bethlehem | $1,881 |
| Lancaster | $1,729 |
| Chambersburg | $1,633 |
| Camden, NJ | $1,440 |
| Conshohocken, PA | $2,343 |
| Upper Darby, PA | $1,151 |
| Ardmore, PA | $2,677 |
| Bryn Mawr, PA | $2,183 |
| Elkins Park, PA | $1,534 |
| Haddon Township, NJ | $2,124 |
| Drexel Hill, PA | $1,455 |
| Haddonfield, NJ | $1,829 |
| Maple Shade, NJ | $1,741 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Philadelphia apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.