Is Philadelphia, PA, Affordable for Renters? [2025]

Yes, Philadelphia is affordable for renters in 2025, at least compared to the broader metro and many peer cities. The city’s overall median rent stands at $1,436, just 2.5% above the national average of $1,401. With rent growth down 0.9% year over year, Philly has remained relatively stable despite broader housing pressures. For renters comparing across the metro, Philadelphia proper is 8.1% cheaper than the regional median, which currently sits at $1,562.

While prices have risen slightly in the first half of the year (+4.5%), budget-conscious renters can still find relief in neighborhoods like Frankford, Olney, and Tioga. Combined with strong transit options and access to jobs, food, and culture, Philly remains a competitive and realistic option for renters looking to balance cost with convenience.

What Are the Current Trends in Philadelphia’s Rental Market?

Philadelphia’s rental market is stable heading into the second half of 2025. The median asking rent is $1,436, which puts it slightly above the national average of $1,401 but still well below prices in coastal cities near Philadelphia like Boston, D.C., or New York. For renters, that means more space and savings, especially in neighborhoods like Mayfair or West Oak Lane.

After steady multifamily construction in recent years, rent growth has cooled. Citywide rents rose just 0.7% in June and are down 0.9% year over year. Lease-up incentives were more common in early 2024, but many of those deals are now drying up as the market absorbs available units.

Experts expect Philadelphia rents to continue rising modestly, around 2% to 3% annually, with steady demand from local students, healthcare workers, and remote employees relocating from pricier metro areas.

Average Rent Prices in Philadelphia, PA

Rent in Philadelphia varies significantly depending on the neighborhood, building age, and unit size. Newer developments in Center City or University City will command higher prices, while older row homes and duplexes in outlying areas remain budget-friendly. To give you a snapshot of what renters are paying in mid-2025, here’s a quick look at the citywide average for one- and two-bedroom apartments.

What Is the Average Rent of a One-Bedroom Apartment in Philadelphia?

As of July 2025, the average rent for a one-bedroom apartment in Philadelphia is $2,124, approximately 19% higher than the national average of $1,787. Prices vary widely based on neighborhood, building age, and amenities. Modern units in Center City, University City, and Callowhill often exceed $2,300, especially when they offer extras like concierge service, rooftop decks, and in-unit laundry.

More affordable one-bedrooms can still be found in neighborhoods like Frankford, Tioga, or West Oak Lane, where listings under $1,300 are common. Whether you’re looking for walkable city living or a quieter row home setup, Philly offers a wide range of options to match different budgets and renter priorities.

What Is the Average Rent of a Two-Bedroom Apartment in Philadelphia?

As of July 2025, the average rent for a two-bedroom apartment in Philadelphia is $2,937, which is roughly 31% higher than the national average of $2,237. Two-bedroom units are especially appealing for roommates, families with young kids, or remote workers seeking extra space for a home office.

Renters will find the highest prices in neighborhoods like Rittenhouse and Center City, where new construction and premium amenities push rates well above $3,000. But in outer areas like Mayfair, East Germantown, or Olney, it’s still possible to find two-bedroom apartments under $1,500, especially in older buildings or converted row homes.

How Much Rent Can I Afford in Philadelphia, PA?

While Philadelphia’s average rent is slightly above the national average, it’s still more affordable than other major East Coast cities, and it offers better value per square foot in many neighborhoods.

Here’s how Philly compares in 2025.

*Cost of Living Index (U.S. average = 100) data sourced from BestPlaces.

Philadelphia sits well below cities like NYC and D.C. in both rent and cost of living, while still offering access to top-tier employers, public transit, and a deep bench of food, arts, and culture.

Before diving into listings, it’s smart to check your budget.

The 30% Rule

The 30% rule is a classic rent budgeting guideline that suggests keeping your housing costs below 30% of your gross monthly income. In Philadelphia, where the median one-bedroom rent is $1,313, you’d need to earn at least $4,376.67 per month (or $52,512 annually) to stay within that range.

With rents varying dramatically by neighborhood, from under $1,000 in Tioga to over $3,000 in Center City, this benchmark rule may need adjusting based on your priorities and income level.

The 50/30/20 Rule

This budgeting method divides your after-tax income into three categories: 50% for needs, 30% for wants, and 20% for savings or debt repayment. Rent is just one piece of that 50% allocated to needs, along with food, transportation, and insurance, so it shouldn’t take up the entire 50%.

If your take-home pay is $4,000 monthly, all essentials, including rent, should stay under $2,000. This rule is especially helpful in Philly’s middle-market neighborhoods, where affordable rent options still exist but must be balanced with other living expenses.

The 3x Rent Rule

Commonly used by Philadelphia landlords, the 3x rent rule requires that your gross monthly income be at least three times your rent. For example, if you're applying for a unit that costs $1,800 per month, you'd need to earn $5,400 per month (or $64,800 per year) to qualify. This helps property managers quickly assess whether tenants are financially equipped to keep up with monthly payments. It’s a good filter to use when browsing listings—and a reminder to check income requirements before scheduling tours.

How Does the Overall Cost of Living in Philadelphia Compare to the National Average?

Philadelphia’s overall cost of living is just above the national average, making it moderately priced for a major East Coast city. Housing costs are the biggest factor, with rents averaging about 2.5% higher than the U.S. median.

Groceries and utilities tend to align closely with national norms, while healthcare and transportation can vary slightly depending on your neighborhood and commute. While it’s not the cheapest city, Philly still offers better affordability than nearby metros like New York, D.C., and Boston, especially for renters who prioritize public transit access or live in budget-friendly neighborhoods outside Center City.

Are Utilities and Other Expenses Affordable in Philadelphia?

Philadelphia residents typically spend $235 to $278 monthly on basic utilities, which include electricity, natural gas, water, trash, and sewer.

Average internet plans cost around $72.67 per month, slightly higher than the national average of $71.97.

How Does the Cost of Renting Vary By Neighborhood in Philadelphia?

In Philadelphia, your neighborhood choice can dramatically affect how much you’ll pay in rent. Below is a snapshot of starting rent prices across the most popular Philly neighborhoods to help you weigh cost against commute, amenities, and lifestyle fit.

Rent in Philadelphia’s Cheapest Neighborhoods

Finding a budget-friendly place in Philly doesn’t mean sacrificing location or comfort. Below are some of the city’s most affordable neighborhoods in 2025, each offering its own mix of value, access, and local flavor.

Frankford

Frankford is one of Philadelphia’s cheapest neighborhoods, with one-bedroom rents averaging just over $1,000, more than 50% below the city average. It’s located in the northeastern section of the city and is served directly by the Market-Frankford Line, making it easy to reach Center City without a car.

The area features a mix of older row homes and duplexes, plus small apartment complexes. Renters appreciate the affordability and public transit access, though safety is average and amenities are more basic. For those prioritizing price and commute access over nightlife or trendiness, Frankford remains a reliable choice.

Tioga

Tioga offers some of the lowest rents in Philadelphia, with one-bedroom units regularly listed for under $1,000, more than 50% below the city average. Located in North Philly, the area is served by the Broad Street Line and several Southeastern Pennsylvania Transportation Authority (SEPTA) bus routes, giving residents direct transit access to Temple University, Center City, and beyond.

Tioga’s low cost of living attracts students and budget-conscious renters, though the neighborhood does come with trade-offs: Safety is below average, and amenities are limited. Still, for renters who prioritize affordability above all and are comfortable in transitional areas, Tioga offers unmatched pricing with convenient public transportation.

Olney

Olney hits a rare rental sweet spot with decent safety, solid walk and transit ratings, and one-bedroom rents around $1,075, nearly 50% below the city average. Located in North Philly, the neighborhood is a major transit hub, with multiple SEPTA bus routes and the Broad Street Line offering quick access downtown.

Olney is known for its strong immigrant communities and family-run shops. It’s especially appealing to renters who want value without completely sacrificing location or safety.

Mayfair

Mayfair sits in Northeast Philadelphia and is known for its residential feel, lower crime rate, and classic row homes. With one-bedroom rents averaging $1,163, it’s about 45% below the city average, making it a practical choice for renters seeking affordability and relative safety.

The area is well connected by SEPTA buses and is conveniently located near a variety of grocery stores, diners, and schools. It’s especially popular with working-class families and longtime residents. Nightlife and cultural attractions are limited, but if you’re looking for a quieter, more stable place to rent, without straying too far from the city, Mayfair checks a lot of boxes.

Rent in Philadelphia’s Most Expensive Neighborhoods

Some Philly neighborhoods come with a premium, as these high-demand areas are centrally located with historic charm and quick access to the city’s best dining, parks, and employers.

Here are some of the Philly neighborhoods commanding the highest prices in 2025.

Center City

Center City is Philly’s downtown core, filled with skyscrapers, cultural venues, and some of the best public transit in the region. Renters here can walk to major employers, SEPTA lines, and landmarks like City Hall, Rittenhouse Square, and Reading Terminal Market.

One-bedroom units often exceed $2,500 per month, but what you get in return is unmatched access and convenience. From historic brownstones to modern luxury high-rises, Center City caters to professionals and renters who value being in the middle of it all.

Washington Square West

Washington Square West offers a neighborhood feel just steps from Center City’s action. It’s home to major hospitals like Jefferson, as well as charming streets lined with brownstones, boutiques, and LGBTQ-friendly bars and restaurants.

One-bedroom rents typically range from $2,500 to $3,000, especially in newer or renovated buildings. It’s ideal for renters who want city access without living in a business district. Tree-lined streets and proximity to the beautiful Washington Square Park give it a calm feel during the day, while its nightlife and dining scene come alive in the evening.

Northern Liberties

Northern Liberties has evolved from an industrial zone to one of Philly’s hottest rental markets. With its warehouses-turned-lofts, boutique fitness studios, and streets packed with breweries, cafés, and dog parks, it’s especially popular with creative professionals and couples.

One-bedroom rents now average around $2,504, putting them about 18% above the citywide norm. Renters love the blend of new construction and historic buildings, plus access to the Market-Frankford Line for a quick trip downtown. Its location just north of Old City also means easy access to both Fishtown and Center City. If you’re seeking a walkable, trend-forward area that still feels neighborly, Northern Liberties checks a lot of boxes.

Society Hill

Society Hill is one of Philadelphia’s most picturesque and polished neighborhoods, where cobblestone streets, colonial row homes, and gas lamps meet upscale rentals. Located just south of Old City, it offers peace, privacy, and proximity to Penn’s Landing and Headhouse Square. Rents in Society Hill aren’t cheap, but residents pay for quiet charm and an undeniably attractive setting.

It’s especially appealing to those who work downtown but want a residential retreat. Grocery stores, fine dining, and riverfront trails are all within reach. However, the area can feel too quiet for nightlife seekers, and parking is limited unless your building provides a space.

What Is a Comfortable Salary for a Renter in Philadelphia?

To comfortably afford the average one-bedroom rent in Philadelphia ($2,124) using the 30% income rule, you’d need to earn at least $84,960 per year (or about $7,080 per month before taxes). That’s significantly higher than the city’s median individual income and well above the MIT Living Wage estimate for Philadelphia County, which is currently $45,739 per year for a single adult working full time (as of 2025).

Still, many renters live on less by choosing more affordable neighborhoods and housing types. For example, in Frankford or Tioga, where one-bedroom rents hover around $1,000, a renter could get by earning $40,000 per year.

Shared housing, roommate setups, or older units in outer neighborhoods also help lower overall rent burden, making city living possible for a wider range of incomes.

Are There Hidden Costs to Renting in Philadelphia?

Yes, beyond monthly rent, several additional expenses can catch renters off guard in Philadelphia. Some common hidden costs include:

• Move-in fees: Some landlords charge administrative or elevator fees in place of a security deposit.
• Utility setup charges: Starting service with utilities companies may require a deposit or an activation fee.
• Street parking permits: Cost around $35 per year, but only in eligible residential zones, and they are not guaranteed.
• Renters insurance: Many landlords now require renters insurance, and you can expect to pay between $10 and $20 per month.
• Laundry costs: Many older buildings lack in-unit washers and dryers, so you may need quarters or a laundry card.
• Trash and recycling fees: While often covered by the city, some multi-unit buildings charge extra.
• Pet deposits or monthly pet rent: Typically $250 to $500 upfront, plus $25 to $50 each month.

What Are the Best Ways to Save on Rent in Philadelphia?

While rent prices in Philly have risen steadily, there are still smart ways to save on rent, especially if you know how and when to negotiate, where to look, and what local resources to use. Here are some renter-tested strategies that work in 2025.

1. Tap Into Philly Housing Support Programs

Philadelphia offers rental assistance through organizations like the Philadelphia Housing Development Corporation and Community Legal Services (CLS), which can help with back rent, security deposits, or legal advocacy during disputes. If you’re income-eligible, the Philadelphia Housing Authority Housing Choice Voucher Program can open up more long-term options.

2. Use Lease Timing and Terms Strategically

Landlords tend to be more flexible from November to January, when demand slows. Signing an 18-month lease or offering to move in quickly may help you negotiate lower rent, waived application fees, or perks like free parking.

3. Consider a Roommate or Row Home Share

The average two-bedroom in Philly costs $2,937. Splitting that can instantly cut your housing bill in half. Look for row homes or multibedroom flats in areas like West Philly, Olney, or South Philly, where shared spaces are common and roommate setups are the norm.

4. Focus on Commute, Not Perks

Skip luxury extras like rooftop lounges or yoga studios. Instead, prioritize walkable grocery stores, direct SEPTA access, and proximity to work or school. In a city where parking is tricky and transit is reliable, this swap can save you hundreds a month when moving to Philadelphia.

5. Budget for Move-In Costs

Many landlords in Philly require first and last months’ rent plus a security deposit. That upfront hit can easily top $5,000. Plan ahead with a move-in savings fund to act fast when the right place appears.

6. Know Your Tenant Rights

Pennsylvania law caps late fees and protects renters from unlawful evictions. In Philly, landlords must provide at least 30 days’ notice before raising rent or terminating month-to-month leases. Learning local housing rules through Renters United Philadelphia or CLS Philly can help you avoid shady leases and surprise charges.

Find an Apartment in Philadelphia, PA

Skip the endless scrolling and avoid settling for a place that doesn’t check your boxes. Whether you’re eyeing affordable spots like Olney or Tioga or prefer the energy of Northern Liberties and Central City, Philly has something for every renter. Take Apartment List’s quick quiz to get matched with listings based on your budget, priorities, and timing. With us, you’ll spend five minutes and save 50 hours searching.

FAQs: Is Philadelphia Affordable for Renters?

What salary do you need to live comfortably in Philadelphia?

To afford the average one-bedroom rent of $2,124 without exceeding 30% of your income, you'd need to earn at least $85,000 per year. However, neighborhoods like Frankford, Tioga, and Olney offer rents that allow for comfortable living on $40,000 to $50,000 per year.

Does Philly have affordable housing?

Yes, Philadelphia offers several affordable housing programs through the Philadelphia Housing Authority (PHA) and the Philadelphia Housing Development Corporation. Renters can also find naturally affordable units in neighborhoods like Mayfair, West Oak Lane, and parts of South Philly.

Is Philadelphia a good place for a rental property?

Philadelphia is a very attractive place for real estate investors due to its high renter population (over 45%), strong local universities, and steady rental demand in both affordable and upscale areas.

Are utilities expensive for Philly renters?

Utilities in Philly are close to the national average. You can expect to spend around $235 to $278 per month for electricity, gas, water, and internet, though older buildings or row homes may affect actual usage.