118 Apartments under 900 for rent in Philadelphia, PA

Last updated May 22 at 4:03am UTC
1714 Rhawn Street, B-3
Rhawnhurst
Philadelphia, PA
Updated May 22 at 4:03am UTC
1 Bedroom
$775
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May 2018 Philadelphia Rent Report

Welcome to the May 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

May 2018 Philadelphia Rent Report

Welcome to the May 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 rent trends were flat over the past month

Philadelphia rents have remained flat over the past month, however, they have increased slightly by 1.1% year-over-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 1.3%, as well as the national average of 1.5%.

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, 6 of them have seen prices rise. The state as a whole logged rent growth of 1.3% 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 $1,550; of the 10 largest cities in Pennsylvania that we have data for, Pittsburgh, Drexel Hill, and Harrisburg, where two-bedrooms go for $910, $1,080, and $970, respectively, are the three major cities in the state to see rents fall year-over-year (-1.8%, -1.0%, and -0.2%).
  • Norristown, West Chester, and King of Prussia have all experienced year-over-year growth above the state average (3.6%, 1.8%, and 1.8%, respectively).

Philadelphia rents more affordable than many comparable cities nationwide

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

  • Philadelphia's median two-bedroom rent of $1,160 is slightly below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.1% increase in Philadelphia.
  • While Philadelphia's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Houston (+3.1%), Columbus (+1.5%), and San Francisco (+1.3%).
  • Renters will find more reasonable prices in Philadelphia than most comparable cities. For example, San Francisco has a median 2BR rent of $3,060, 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 $960 $1,160 0.2% 1.1%
Levittown $1,200 $1,450 0.0% 1.7%
Norristown $1,140 $1,370 1.2% 3.6%
Drexel Hill $900 $1,080 -0.0% -1.0%
Pottstown $790 $990 1.1% 1.3%
King of Prussia $1,230 $1,490 0.4% 1.8%
West Chester $1,280 $1,550 0.5% 1.8%
Lansdale $1,270 $1,530 3.2% 4.1%
Ardmore $1,190 $1,440 -0.6% 2.6%

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.