36 Apartments under 700 for rent in Philadelphia, PA

Last updated November 21 at 5:38pm UTC
1440 N 17TH STREET
North Central
Philadelphia, PA
Updated November 14 at 1:39am UTC
1 Bedroom
$550
3118 HAVERFORD AVENUE
Mantua
Philadelphia, PA
Updated November 11 at 2:21am UTC
4 Bedrooms
$650
2327 N PARK AVENUE
Hartranft
Philadelphia, PA
Updated November 11 at 2:20am UTC
1 Bedroom
$425
4407 Germantown Ave
Logan
Philadelphia, PA
Updated November 16 at 12:34pm UTC
1 Bedroom
$650
5704 KEYSTONE STREET
Wissinoming
Philadelphia, PA
Updated November 14 at 1:38am UTC
1 Bedroom
$675
5321 W GIRARD AVENUE
Carroll Park
Philadelphia, PA
Updated November 14 at 1:39am UTC
Studio
$635
420 W RUSCOMB STREET
Olney
Philadelphia, PA
Updated November 14 at 1:37am UTC
Studio
$470
2206 W. Tioga Street, # 6
Tioga
Philadelphia, PA
Updated November 15 at 5:09am UTC
Studio
$595
3924 ELSER STREET
Tioga
Philadelphia, PA
Updated November 11 at 2:20am UTC
1 Bedroom
$695
5719 Baltimore Ave
Cobbs Creek
Philadelphia, PA
Updated November 19 at 2:00am UTC
1 Bedroom
$675
729 W ROCKLAND STREET
Olney
Philadelphia, PA
Updated November 11 at 2:22am UTC
1 Bedroom
$650
2131 N 17TH STREET
Stanton
Philadelphia, PA
Updated November 11 at 2:21am UTC
3 Bedrooms
$425
2011 STENTON AVENUE
West Oak Lane
Philadelphia, PA
Updated November 11 at 2:20am UTC
1 Bedroom
$695
224 W Ontario St
Upper Kensington
Philadelphia, PA
Updated November 19 at 10:19am UTC
1 Bedroom
$650
391 MARTIN STREET
Roxborough
Philadelphia, PA
Updated October 24 at 12:30pm UTC
1 Bedroom
$650
3758 Pulaski Ave
Tioga
Philadelphia, PA
Updated October 5 at 11:03pm UTC
1 Bedroom
$600
1816 N 26TH STREET
Brewerytown
Philadelphia, PA
Updated October 24 at 12:29pm UTC
1 Bedroom
$650
3307 N PARK AVENUE
Franklinville
Philadelphia, PA
Updated November 21 at 5:38pm UTC
Studio
$650
1344 W Westmoreland St
Franklinville
Philadelphia, PA
Updated November 16 at 12:35pm UTC
Studio
$600
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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.