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Average Rent in Philadelphia & Rent Price Trends

May 3, 2022

Considering a moving to Philadelphia? Before you start apartment hunting, learn about the local rental market. Make sure you know the average rent in Philadelphia to get your budget started!

Average Rent in Philadelphia

Interested in starting your Philadelphia apartment search, here's how to find an apartment in Philadelphia.

Philadelphia rents have increased by 0.85% compared to last month, and are up by 10.6% compared to last year.

For a broader discussion of rent changes across the country, check out our National Rent Report. You can download the raw data containing rent estimates for hundreds of cities across the country.

  • 7% of apartments in Philadelphia cost less than $1,000 per month.
  • 48% of apartments in Philadelphia cost between $1,000-$1,999 per month.
  • 34% of apartments in Philadelphia cost between $2,000-$2,999 per month.
  • 12% of apartments in Philadelphia cost over $3,000 per month.

  • 15% of apartments in Philadelphia are studio apartments.
  • 40% of apartments in Philadelphia are 1-bedroom apartments.
  • 28% of apartments in Philadelphia are 2-bedroom apartments.
  • 18% of apartments in Philadelphia are 3-bedroom apartments.

Average Rent in Philadelphia Neighborhoods

Have your ideal Philadelphia neighborhood already picked out? Rent prices across neighborhoods can vary, so get familiar with the average rent prices across the various neighborhoods in Philadelphia.

NeighborhoodAverage 1- Bedroom Rent
Center City East$2,667
University City$2,660
Fitler Square$2,521
Center City West$2,512
Logan Square$2,257
Rittenhouse Square$2,171
Old City$2,148
Avenue of the Arts South$2,117
Avenue of the Arts North$2,114
Wynnefield Heights$1,989

Learn about the best neighborhoods in Philadelphia.

What Salary Do You Need to Live in Philadelphia?

Using the 30% rule, we can give a rough estimate of the salary needed to rent an apartment in Philadelphia. If these numbers look high, remember that a roommate or two can drastically cut down your monthly rent!

  • If you are renting an average priced studio apartment in Philadelphia, your annual salary should be around $64,160 or higher.
  • If you are renting an average priced 1-bedroom apartment in Philadelphia, your annual salary should be around $76,880 or higher.
  • If you are renting an average priced 2-bedroom apartment in Philadelphia, your annual salary should be around $91,800 or higher.

If you're considering renting in Philadelphia, be sure to learn more about the cost of living in Philadelphia.

Having trouble deciding how much rent you can afford? Try using a rent calculator.

Ready to make the move to Philadelphia? Start apartment hunting in Philadelphia with our quiz!

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AUTHOR
Kimi is a Content Associate and contributing author at Apartment List, helping renters find a new place to call home. Kimi earned her BA in Organizational Studies, Economics from Scripps College. Read More
SENIOR RESEARCH ASSOCIATE
Rob is a senior research associate at Apartment List, where he examines trends in the housing and rental markets. Previously he worked in public health policy, and before that, graduated from UCLA with a degree in Globalization. Read More
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