22 Apartments under 700 for rent in Philadelphia, PA

Last updated August 20 at 10:12am UTC
5704 KEYSTONE STREET
Wissinoming
Philadelphia, PA
Updated August 17 at 6:53pm UTC
1 Bedroom
$690
2121 N CAMAC STREET
Hartranft
Philadelphia, PA
Updated August 16 at 10:26pm UTC
1 Bedroom
$400
1914 W BERKS STREET
North Central
Philadelphia, PA
Updated August 16 at 10:25pm UTC
1 Bedroom
$425
5307 MASTER STREET
Carroll Park
Philadelphia, PA
Updated August 11 at 2:53am UTC
1 Bedroom
$650
4223 GERMANTOWN AVENUE
Nicetown
Philadelphia, PA
Updated July 29 at 7:09am UTC
1 Bedroom
$675
2606 W. Lehigh Avenue
Strawberry Mansion
Philadelphia, PA
Updated July 6 at 7:34am UTC
1 Bedroom
$600
2950 Rorer Street
Upper Kensington
Philadelphia, PA
Updated August 4 at 9:23am UTC
2 Bedrooms
$495
5321 W GIRARD AVENUE
Carroll Park
Philadelphia, PA
Updated August 20 at 10:12am UTC
Studio
$650
2126 N 18th St
Stanton
Philadelphia, PA
Updated August 20 at 9:20am UTC
1 Bedroom
$475
6738 Blakemore St
East Mount Airy
Philadelphia, PA
Updated August 17 at 5:22pm UTC
1 Bedroom
$695
408 E ROOSEVELT BOULEVARD
Feltonville
Philadelphia, PA
Updated August 16 at 10:24pm UTC
1 Bedroom
$550
1939 S 19th St
West Passyunk
Philadelphia, PA
Updated August 15 at 5:24pm UTC
Studio
$400
5304 Akron St
Mayfair
Philadelphia, PA
Updated August 1 at 1:17am UTC
1 Bedroom
$650
2008 S 68th St
Paschall
Philadelphia, PA
Updated July 27 at 1:18am UTC
1 Bedroom
$650
2537 MASSEY ST
Elmwood
Philadelphia, PA
Updated July 6 at 7:28am UTC
4 Bedrooms
$500
859 E Westmoreland St
Harrowgate
Philadelphia, PA
Updated July 3 at 7:24pm UTC
1 Bedroom
$675
Results within 1 miles of Philadelphia, PA
421 Walnut St
Darby
Darby, PA
Updated August 17 at 5:21pm UTC
1 Bedroom
$695
Results within 5 miles of Philadelphia, PA
221 Bickley Rd
Glenside
Glenside, PA
Updated August 20 at 1:20am UTC
1 Bedroom
$550
400 Broadway
Lanning Square
Camden, NJ
Updated August 5 at 5:17pm UTC
2 Bedrooms
$675
Results within 10 miles of Philadelphia, PA
1503 Rancocas Rd
Burlington
Burlington, NJ
Updated July 7 at 5:17pm UTC
Studio
$275
601 Chain St
Norristown
Norristown, PA
Updated July 3 at 7:24pm UTC
Studio
$250
506 W Marshall St
Norristown
Norristown, PA
Updated July 3 at 7:23pm UTC
Studio
$450

August 2018 Philadelphia Rent Report

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

View full Philadelphia Rent Report
Rent Report
Philadelphia

August 2018 Philadelphia Rent Report

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

Philadelphia rents held steady over the past month

Philadelphia rents have remained flat over the past month, however, they are up marginally by 0.8% year-over-year. Currently, median rents in Philadelphia stand at $970 for a one-bedroom apartment and $1,170 for a two-bedroom. Philadelphia's year-over-year rent growth lags the state average of 0.9%, as well as the national average of 1.2%.

Rents rising across cities in Pennsylvania

Throughout the past year, rent increases have been occurring not just in the city of Philadelphia, but across the entire state. Of the largest 10 cities that we have data for in Pennsylvania, 9 of them have seen prices rise. The state as a whole logged rent growth of 0.9% 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 $1,590; of the 10 largest cities in the state that we have data for, Pittsburgh, where a two-bedroom goes for $920, is the only major city to see rents fall year-over-year (-0.7%).
  • Monroeville, Lansdale, and Norristown have all experienced year-over-year growth above the state average (4.7%, 4.7%, and 2.6%, respectively).

Philadelphia rents more affordable than many similar cities nationwide

As rents have increased marginally in Philadelphia, other large cities nationwide have seen rents grow more quickly. Philadelphia is still more affordable than most comparable cities across the country.

  • Philadelphia's median two-bedroom rent of $1,170 is slightly below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 0.8% rise in Philadelphia.
  • While Philadelphia's rents rose marginally over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Chicago (-1.8%).
  • Renters will find more reasonable prices in Philadelphia than most other large cities. For example, San Francisco has a median 2BR rent of $3,090, 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.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Philadelphia $970 $1,170 -0.1% 0.8%
Levittown $1,200 $1,450 0.0% 0.3%
Norristown $1,150 $1,390 0.7% 2.6%
Drexel Hill $900 $1,080 -0.3% 0.6%
Pottstown $800 $1,000 -1.0% 1.1%
King of Prussia $1,260 $1,520 0.9% 2.1%
West Chester $1,320 $1,590 0.8% 1.1%
Lansdale $1,310 $1,580 0.5% 4.7%
Ardmore $1,190 $1,440 0.6% 1.3%

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.