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386 2 Bedroom Apartments for rent in Ardmore, PA

Last updated May 27 at 1:45pm UTC
237 Chestnut Ave
Ardmore
Ardmore, PA
Updated May 20 at 1:58am UTC
2 Bedrooms
$1,575
660 Loraine St
Ardmore
Ardmore, PA
Updated May 3 at 2:02am UTC
2 Bedrooms
$1,199
Results within 1 miles of Ardmore, PA
922 DELMONT DRIVE
Wynnewood
Penn Wynne, PA
Updated May 25 at 4:37pm UTC
2 Bedrooms
$2,200
61 W EAGLE ROAD
, PA
Updated May 15 at 1:14am UTC
2 Bedrooms
$1,450
Results within 5 miles of Ardmore, PA
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May 2018 Ardmore Rent Report

Welcome to the May 2018 Ardmore Rent Report. Ardmore rents declined over the past month. In this report, we'll evaluate trends in the Ardmore rental market, including comparisons to cities throughout the state and nation.

View full Ardmore Rent Report
Rent Report
Ardmore

May 2018 Ardmore Rent Report

Welcome to the May 2018 Ardmore Rent Report. Ardmore rents declined over the past month. In this report, we'll evaluate trends in the Ardmore rental market, including comparisons to cities throughout the state and nation.

Ardmore rents declined over the past month

Ardmore rents have declined 0.6% over the past month, but have increased moderately by 2.6% in comparison to the same time last year. Currently, median rents in Ardmore stand at $1,190 for a one-bedroom apartment and $1,440 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in February. Ardmore's year-over-year rent growth leads the state average of 1.3%, as well as the national average of 1.5%.

Rents rising across cities in Pennsylvania

Throughout the past year, rent increases have been occurring not just in the city of Ardmore, but across the entire state. Of the largest 10 cities that we have data for in Pennsylvania, 6 of them have seen prices rise. The state as a whole logged rent growth of 1.3% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, West Chester is the most expensive of all Pennsylvania's major cities, with a median two-bedroom rent of $1,550; of the 10 largest cities in Pennsylvania that we have data for, Pittsburgh, Drexel Hill, and Harrisburg, where two-bedrooms go for $910, $1,080, and $970, respectively, are the three major cities in the state to see rents fall year-over-year (-1.8%, -1.0%, and -0.2%).
  • Norristown, West Chester, and King of Prussia have all experienced year-over-year growth above the state average (3.6%, 1.8%, and 1.8%, respectively).

Many large cities nationwide show more affordable rents compared to Ardmore

As rents have increased moderately in Ardmore, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Ardmore is less affordable for renters.

  • Ardmore's median two-bedroom rent of $1,440 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 2.6% increase in Ardmore.
  • While Ardmore's rents rose moderately over the past year, some cities nationwide saw decreases, including Chicago (-0.6%) and DC (-0.2%).
  • Renters will generally find more expensive prices in Ardmore than most large cities. For example, Detroit has a median 2BR rent of $890, where Ardmore is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Philadelphia $960 $1,160 0.2% 1.1%
Levittown $1,200 $1,450 0.0% 1.7%
Norristown $1,140 $1,370 1.2% 3.6%
Drexel Hill $900 $1,080 -0.0% -1.0%
Pottstown $790 $990 1.1% 1.3%
King of Prussia $1,230 $1,490 0.4% 1.8%
West Chester $1,280 $1,550 0.5% 1.8%
Lansdale $1,270 $1,530 3.2% 4.1%
Ardmore $1,190 $1,440 -0.6% 2.6%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.