167 Apartments under 1000 for rent in Philadelphia, PA

Last updated September 19 at 2:28PM
1815 W CAYUGA STREET
Logan
Philadelphia, PA
Updated September 9 at 3:02AM
3 Bedrooms
$800
5025 Haverford Ave
Mill Creek
Philadelphia, PA
Updated September 18 at 2:26AM
1 Bedroom
$650
2131 S 61ST STREET
Paschall
Philadelphia, PA
Updated September 15 at 4:17AM
3 Bedrooms
$850
2762 N Orkney St
Fairhill
Philadelphia, PA
Updated September 16 at 9:34AM
1 Bedroom
$700
3227 TURNER STREET
Strawberry Mansion
Philadelphia, PA
Updated August 30 at 3:20AM
2 Bedrooms
$800
7323 RISING SUN AVENUE
Fox Chase
Philadelphia, PA
Updated September 4 at 2:36AM
1 Bedroom
$900
2131 N 17TH STREET
Stanton
Philadelphia, PA
Updated August 24 at 1:36PM
3 Bedrooms
$425
2102 SOUTH STREET
Graduate Hospital
Philadelphia, PA
Updated August 15 at 5:36AM
Studio
$950
1508 LOMBARD STREET
Rittenhouse Square
Philadelphia, PA
Updated September 14 at 3:17AM
Studio
$850
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Rent Report
Philadelphia

September 2017 Philadelphia Rent Report

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

Philadelphia rents increased slightly over the past month

Philadelphia rents have increased 0.2% over the past month, and are up slightly by 1.9% in comparison to the same time last year. Currently, median rents in Philadelphia stand at $970 for a one-bedroom apartment and $1,170 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in January. Philadelphia's year-over-year rent growth lags the state average of 2.0%, as well as the national average of 3.0%.

Philadelphia rents more affordable than many comparable cities nationwide

Rent growth in Philadelphia has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Philadelphia is still more affordable than most other large cities across the country.

  • Philadelphia's median two-bedroom rent of $1,170 is slightly above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.9% rise in Philadelphia.
  • While rents in Philadelphia remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Chicago (+3.8%), Baltimore (+2.6%); note that median 2BR rents in these cities go for $1,710, $1,290, and $1,210 respectively.
  • 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.