Average Rent in Philadelphia, PA

Home  »  PA  »  Philadelphia

Current Versus Historical Philadelphia, PA Rents

Philadelphia rentals average $1,288 for a studio rental to $2,500 for a 4-bedroom rental. The median price of all currently available listings is $1,820, or roughly $2 per square feet.
For the apartment units and housing in January 2025, median rents have risen substantially over the last year. Studio rentals prices have decreased by $185 (-12.97%) year-over-year from $1,422 to $1,238. 1-bedroom rentals prices have increased by $155 (10.61%) year-over-year from $1,462 to $1,618. 2-bedroom rentals prices have increased by $96 (5.65%) year-over-year from $1,703 to $1,800. 3-bedroom rentals prices have decreased by $50 (-2.70%) year-over-year from $1,850 to $1,800. 4-bedroom rentals prices have decreased by $53 (-2.27%) year-over-year from $2,353 to $2,300. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 4.36% this month. 1-bedroom rents have gone up by 5.66% this month. 2-bedroom rents have gone up by 4.38% this month. 3-bedroom rents have gone down by 4.42% this month. 4-bedroom rents have gone down by 2.82% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.93 $1,238 $1,422 (-12.97%) $1,314 (-5.80%)
1 BR $2.54 $1,618 $1,462 (10.61%) $1,283 (26.09%)
2 BR $1.94 $1,800 $1,703 (5.65%) $1,508 (19.37%)
3 BR $1.58 $1,800 $1,850 (-2.70%) $1,706 (5.49%)
4+ BR $1.45 $2,300 $2,353 (-2.27%) $2,450 (-6.12%)

Historical Rents in Philadelphia, PA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Philadelphia



Let's compare Philadelphia, PA's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near Philadelphia

There are a total of 5 neighborhoods in or near Philadelphia. Some of these neighborhoods include North Philadelphia East, North Philadelphia West, and Center City East. We've included all of these top 5 neighborhoods in or near Philadelphia, PA in the following chart.

The average rent for these 5 neighborhoods in or near Philadelphia, PA is currently around $2,125 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,125. Interestingly, the neighborhoods' average rent is higher than Philadelphia's average rent, which is only $1,820. Out of all the neighborhoods in or near Philadelphia, North Philadelphia East has the most affordable average rent at $1,600 per month. Whereas, at $2,400 average rent per month, Washington Square West is the most expensive neighborhood in or near Philadelphia. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Philadelphia East, Philadelphia, PA $1,155 $1,324 $1,597 $1,600
North Philadelphia West, Philadelphia, PA N/A $1,295 $1,500 $1,750
Center City East, Philadelphia, PA $1,573 $1,800 $2,705 $2,125
Northern Liberties - Fishtown, Philadelphia, PA $1,244 $1,600 $2,200 $2,175
Washington Square West, Philadelphia, PA $1,908 $2,395 $4,124 $2,400

Top Counties Near Philadelphia

There are a total of 5 counties located by Philadelphia, PA. The average rent for rentals in these counties is $2,009. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Philadelphia, PA. It's average rent per month is $1,820. Vice versa, with an average rent of $2,198, Montgomery, PA is the most expensive county by Philadelphia, PA.

Typically, rent for studios in Philadelphia, PA is 22.28% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Philadelphia, PA is 5.31% more affordable than other counties nearby. Finally, rent for two bedrooms in Philadelphia, PA is 5.71% more affordable than other counties nearby. We've listed the top 2 counties in the chart below.
County Studio 1 Bed 2 Bed All
Philadelphia, PA $1,288 $1,695 $1,795 $1,820
Montgomery, PA $1,862 $1,875 $2,000 $2,198

Top Zipcodes Near Philadelphia

There is one zipcode in or near Philadelphia, PA. The average rent for this zipcode is $1,950.

The following chart includes the zipcode in or near Philadelphia, PA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
19104, Philadelphia, PA $1,050 $2,296 $1,740 $1,950

Frequently Asked Questions - Philadelphia Average Rents

What is the average rent price in Philadelphia, PA?
The average monthly rental price for Philadelphia, PA apartments for rent is approximately $1,820. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Philadelphia, PA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Philadelphia, PA.
How much is a studio apartment in Philadelphia, PA?
The average monthly rental price for studio apartments is $1,288 and an average price per square feet of $2.93. There are a total of 89 studio apartment listings currently available for rent in Philadelphia.
How much is a one bedroom apartment in Philadelphia, PA?
The average monthly rental price for one bedroom apartments is $1,695 and an average price per square feet of $2.54. There are a total of 431 one bedroom apartment listings currently available for rent in Philadelphia.
How much is a two bedroom apartment in Philadelphia, PA?
The average monthly rental price for two bedroom apartments is $1,795 and an average price per square feet of $1.94. There are a total of 385 two bedroom apartment listings currently available for rent in Philadelphia.
How have rent prices in Philadelphia, PA changed this year?
Rent prices for rentals in Philadelphia, PA can fluctuate yearly. Specifically, studio rental prices have changed by -0.13%, one bedroom rental prices have changed by 0.11%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by -0.03% year-over-year.
What is a reasonable rent price in Philadelphia, PA?
A reasonable rent price in Philadelphia, PA is around $1,456/month. You can search for these reasonably priced rental listings on RentHop.
Quantcast