Apartments for Rent in Philadelphia
Way back in the 1600s, William Penn planned a utopian city that was laid out as a grid with one green square –basically, a mini-park– smack dab in the middle, with other green squares in each corner. This unique design was meant to promote green urban living, and it is one of the many characteristics that makes Philadelphia such a special place to do this day.
Those squares still exist today, and that grid, set between the Delaware River to the east and the Schuylkill River to the west, still makes up Philadelphia’s downtown, aka “Center City.” Center City is generally more expensive, featuring high-rise towers, doormen, fitness centers and parking garages. Mixed in between are the low-rise apartment buildings and rowhomes/brownstones/townhouses-turned apartments.
As per usual, the rates for townhomes and brownstones drop the further you get away from the city’s center. And as more and more people have made their home in Center City, we’ve had to gently shove some of them past the traditional boundaries, which means even the once-dicey “fringe neighborhoods” just beyond the grid are now perfectly livable.
Philadelphia has spent the last 20 years transforming itself into a bustling city that’s clean, lively, welcoming, and –dare we say it?– hip. We've even been called New York’s sixth borough, though we locals prefer to think of New York as Philadelphia’s second borough. Or something like that. In other words, you've made a good choice. So let's learn a bit more about what it's like to be a renter in the city of Brotherly Love.
Average Rent in Philadelphia
The following rent averages come from current listings on our website. Rent prices listed are averages and may not reflect the cost of specific units. Rental prices can vary depending on factors like size, location, amenities, and availability.
How Much Is Rent for a Studio Apartment in Philadelphia?
On average, expect to pay around $1,579 per month for a studio apartment in Philadelphia.
How Much Is Rent for a 1-Bedroom Apartment in Philadelphia?
The average rent for a 1-bedroom apartment in Philadelphia is approximately $1,960 per month.
How Much Is Rent for a 2-Bedroom Apartment in Philadelphia?
In Philadelphia, a 2-bedroom apartment typically rents for around $2,439 per month.
How Much Is Rent for a 3-Bedroom Apartment in Philadelphia?
A 3-bedroom apartment in Philadelphia will cost, on average, $3,195 per month.
Transportation in Philadelphia
It’s a good thing Philly is a very walkable city, because parking is a pain and the public transit system is spotty at best. It’s not as if you can’t get anywhere using SEPTA (Southeastern Pennsylvania Transportation Authority), it’s just that it’s not always convenient. If you’re someone who plans your day out to the minute, you might want to give yourself a pretty big window, just in case.
There are two fast subway lines, one north-south and the other east-west, and many, many slow buses and trolleys. It’s always good to make sure you have available transportation options before signing a lease, but we recommend you double check. And don’t even bother planning to catch a free ride for just a stop or two on one of the suburban trains that pass through the city. The conductors are on to that trick, and they’ll embarrass you in front of the whole car. Um, not that we’d know.
Now that you've gotten a taste, go out and find yourself that perfect pad. This historic city is just waiting for you to make your mark, so go out and do it already! Happy hunting!
Pet-Friendly Apartment Hunting in Philadelphia
Finding a pet-friendly apartment in Philadelphia can feel overwhelming, but don't despair! While the city boasts a vibrant mix of cultures and energy, pet policies can vary significantly. Here are some limitations you might run into:
- Weight restrictions: While dogs are popular even in the busiest parts of the city, be aware that many buildings (especially high-rises) have weight limits for pets, often stricter than other locations.
- Building size and amenities: Larger buildings and those with dedicated pet amenities like dog runs are more likely to be pet-friendly.
The good news? Philly offers a surprising number of pet-friendly options. Here are some resources. Furthermore, major rental listing websites like Apartment List allow filtering by pet-friendliness. Simply select “Dog-Friendly” or “Cat-Friendly” in your preferences when you start your search.
FAQs about Apartments in Philadelphia
Is rent expensive in Philadelphia?
At an average of $1,960 for a one-bedroom, Philadelphia is certainly on the more expensive side. You would want to earn at least $75,000 to afford a one-bedroom in the city. By contrast, Chicago is more expensive at around $2,335 a month for a one-bedroom, while DC is also higher at $2,500 a month.
How much has rent price increased in Philadelphia?
As of March 2024, rent is up slightly in Philadelphia year over year. Rent had increased in Philadelphia by 0.6% over the previous year, but had fallen at a very slight 0.1% over the previous month.
Is Philly more affordable than NYC?
At an average of $4,412 a month for a one-bedroom according to latest listings, New York is much more expensive than Philadelphia, where you can currently find a one-bedroom around $1,960 a month. Philly is also cheaper than Washington DC ($2,500) and Chicago ($2,335).
Best Neighborhoods in Philadelphia
Philadelphia's not really one place; it's a multitude of exciting, diverse neighborhoods. Let's explore some of the best:
Rittenhouse Square
A Rittenhouse address is the most coveted around. Here’s where you’ll rub elbows with the city’s elite as they browse high-end shops and grab lunch at outdoor cafés overlooking Rittenhouse Square, one of the five original parks. Don’t expect to find a decent studio for less than $1,000, or a tolerable one-bedroom for under $1,300. And with those prices, you can forget about included amenities, like central air or free laundry facilities. But, if your job has you raking in the dough and price is no factor, then consider giving this area a chance.
Washington Square West
Using another square as a landmark, “Wash West” is a step in the younger and less expensive direction. There’s no shortage of bars and restaurants here, many of them catering to the gay crowd and clustered in a section called the “Gayborhood”. You can’t miss it: just look for the iconic rainbow flags on the street signs.
Old City/Society Hill
Touted as “America’s most historic square mile,” Old City is where you’ll find the Liberty Bell; Independence Hall, where the Constitution was written; the Betsy Ross House; Ben Franklin’s grave; Elfreth’s Alley, the oldest continuously inhabited street in the country; and, especially in the summer, way too many tourists. The neighborhood also has a dense concentration of restaurants, bars, and inebriated 20-somethings (a plus or a minus? You decide). Society Hill is Old City’s more-residential sister, filled with Colonial-style brick townhouses, quaint courtyards and cobblestone streets. Rents around here rival Rittenhouse, but you’ll get more space for the money.
Northern Liberties/Fishtown
Consider yourself a hipster? Ride a fixie to your job at a coffee shop/dive bar/tattoo parlor? Create sculptures out of trash in your spare time? You’ve found your ’hood.
Northern Liberties is the area immediately north of Old City; Fishtown is the next stop over. Northern Liberties, especially, is slowly being gentrified, with new homes and apartments sprouting up. That means there’s now a huge range of rents, depending on if you’re looking for a small space in an older rowhome, or a swanky, artist-style loft. Just remember that if one place doesn’t suit your budget, another a few blocks down probably will.
Art Museum
At the northwestern edge of Center City is the Art Museum neighborhood, where the appropriately located Philadelphia Museum of Art resides. Set on the other side of the wide boulevard known as Benjamin Franklin Parkway, this area feels slightly removed from downtown. Quieter, narrower streets and lower rents are typical fare around here, perfect for someone looking for someplace a bit quieter. People do, however, tend to use the word “funky” when describing this neighborhood, so keep that in mind if you shy away from the Bohemian-type.
Graduate Hospital
Also known as “South of South,” “Southwest Center City,” or sometimes -- don’t worry, we’re trying to put a stop to this -- “G-Ho,” Grad Hospital is what the polite folk call an “up-and-coming neighborhood.” There’s an optimistic blend of brand-spanking-new townhouses; slightly larger properties, each being converted into two or three upscale apartments; and run-down fixer-uppers being bought by young professionals who want to be near their jobs in Center City. Add an abundance of students living in the places that haven’t been rehabbed yet to that mix, and you’ve got a pretty good image of what to expect when moving out here.
Bella Vista/Queen Village
These classy next-door neighborhoods just east of Grad Hospital are pretty hard to tell apart, with one exception: Queen Village gentrified a little earlier, so it’s a bit more expensive. Both have a settled in feel, especially compared to the other neighborhoods. A lot of the homes here, whether for one family (more common) or broken up into apartments, are old. Like, 18th-century old.
University City
Just west of the Schuylkill River, Center City’s western boundary, is West Philly. The section of West Philly closest to Center City is called University City. If you haven’t figured out the elaborate naming system yet, it’s where the universities are. Surprising, right? Here, you’ll find a mix of students, professors, hippies and, of course, hipsters. Normally, you’ll find them all heading to the park to check out the farmers market and play Frisbee, so consider joining in if that’s your scene. The properties catering to students/closest to the colleges are typically pricy, but you’ll be able to find plenty of affordable options carved out of rambling old Victorian homes. In fact, the low-cost apartments here are among the most inexpensive in the city: One-bedrooms start as low as $600.
