210 Apartments under 1000 for rent in Philadelphia, PA

Last updated November 18 at 3:38pm UTC
St. Regis Apartments
2301 Tremont St
Philadelphia, PA
Updated November 17 at 3:18pm UTC
1 Bedroom
$950
2 Bedrooms
$1,105
The Axis
20 S 36th St
Philadelphia, PA
Updated November 18 at 3:38pm UTC
Studio
$800
Heatherwood Apartments
9200 Bustleton Ave
Philadelphia, PA
Updated November 17 at 3:49pm UTC
1 Bedroom
$875
2 Bedrooms
Ask
Blue Grass Estates
9213 Blue Grass Rd
Philadelphia, PA
Updated November 10 at 3:22pm UTC
1 Bedroom
$815
2 Bedrooms
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3 Bedrooms
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Lennox Apartments
236 W Walnut Ln
Philadelphia, PA
Updated November 8 at 6:24pm UTC
Studio
Ask
1 Bedroom
$825
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November 2017 Philadelphia Rent Report

Welcome to the November 2017 Philadelphia Rent Report. Philadelphia rents declined over the past month. In this report, we'll evaluate trends in the Philadelphia rental market, including comparisons to similar cities nationwide.

View full Philadelphia Rent Report
Rent Report
Philadelphia

November 2017 Philadelphia Rent Report

Welcome to the November 2017 Philadelphia Rent Report. Philadelphia rents declined over the past month. In this report, we'll evaluate trends in the Philadelphia rental market, including comparisons to similar cities nationwide.

Philadelphia rents declined significantly over the past month

Philadelphia rents have declined 0.5% over the past month, but have increased marginally by 0.5% in comparison to the same time last year. Currently, median rents in Philadelphia stand at $960 for a one-bedroom apartment and $1,160 for a two-bedroom. Philadelphia's year-over-year rent growth lags the state average of 1.2%, as well as the national average of 2.7%.

Philadelphia rents more affordable than many other large cities nationwide

As rents have increased in Philadelphia, other large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Philadelphia is still more affordable than most comparable cities across the country.

  • Philadelphia's median two-bedroom rent of $1,160 is equal to the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 0.5% increase in Philadelphia.
  • While Philadelphia's rents rose over the past year, many cities nationwide saw decreases, including DC (-0.6%), New York (-0.2%), and Miami (-0.2%).
  • Renters will find more reasonable prices in Philadelphia than most similar cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Philadelphia.

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.

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.