Average Rent in Philadelphia, PA

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Current Versus Historical Philadelphia, PA Rents

Philadelphia rentals average $1,250 for a studio rental to $2,500 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $2 per square feet.
For the apartment units and housing in February 2025, median rents have risen substantially over the last year. Studio rentals prices have decreased by $131 (-9.49%) year-over-year from $1,381 to $1,250. 1-bedroom rentals prices have increased by $175 (11.84%) year-over-year from $1,475 to $1,650. 2-bedroom rentals prices have increased by $79 (4.53%) year-over-year from $1,748 to $1,828. 3-bedroom rentals prices have increased by $34 (1.83%) year-over-year from $1,866 to $1,900. 4-bedroom rentals prices have increased by $80 (3.45%) year-over-year from $2,320 to $2,400. 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 2.42% this month. 1-bedroom rents have gone up by 8.20% this month. 2-bedroom rents have gone up by 5.89% this month. 3-bedroom rents have gone up by 1.15% this month. 4-bedroom rents have gone up by 2.13% this month.
Beds
Price / Sqft
Feb 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.80 $1,250 $1,381 (-9.49%) $1,574 (-20.59%)
1 BR $2.45 $1,650 $1,475 (11.84%) $1,362 (21.16%)
2 BR $1.88 $1,828 $1,748 (4.53%) $1,594 (14.64%)
3 BR $1.50 $1,900 $1,866 (1.83%) $1,707 (11.33%)
4+ BR $1.48 $2,400 $2,320 (3.45%) $2,418 (-0.72%)

Historical Rents in Philadelphia, PA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Philadelphia

There are a total of 2 cities nearby Philadelphia. The average rent in Philadelphia is currently $1,889 per month. Only one city nearby has an average rent lower than that. Our records show that Wilmington, DE, with an average rent of $1,663, is the most affordable city nearby. In contrast, the most expensive city near Philadelphia, PA is Phoenixville, PA. Monthly rents here are on average $2,115 per month.

Let's compare Philadelphia, PA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Philadelphia, PA is 48.20% more expensive than other cities nearby. One bedrooms are about 3.76% more affordable. Two bedrooms in Philadelphia, PA are about 8.02% more affordable. Finally, rent for three bedrooms are about 26.03% more affordable. Want more information? Check out the top 2 cities near Philadelphia, PA in the following chart.
City Studio 1 Bed 2 Bed All
Wilmington, DE $1,295 $1,498 $1,795 $1,663
Phoenixville, PA N/A $1,979 $2,180 $2,115

Top Neighborhoods Near Philadelphia

There are a total of 16 neighborhoods in or near Philadelphia. Some of these neighborhoods include Cobbs Creek, Germantown, and North Philadelphia East. We've included all of these top 16 neighborhoods in or near Philadelphia, PA in the following chart.

The average rent for these 16 neighborhoods in or near Philadelphia, PA is currently around $1,848 per month. A total of 8 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $1,848. Interestingly, the neighborhoods' average rent is higher than Philadelphia's average rent, which is only $1,800. Out of all the neighborhoods in or near Philadelphia, Cobbs Creek has the most affordable average rent at $1,400 per month. Whereas, at $3,323 average rent per month, University City is the most expensive neighborhood in or near Philadelphia. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Cobbs Creek, Philadelphia, PA N/A $1,100 $1,400 $1,400
Germantown, Philadelphia, PA $1,270 $1,513 $1,500 $1,500
North Philadelphia East, Philadelphia, PA $1,225 $1,410 $1,725 $1,650
North Philadelphia West, Philadelphia, PA $1,260 $1,298 $1,500 $1,700
East Germantown, Philadelphia, PA $1,200 $1,833 $1,400 $1,708
Kensington, Philadelphia, PA $1,205 $1,495 $1,850 $1,795
Point Breeze, Philadelphia, PA $1,152 $1,300 $1,750 $1,800
Manayunk, Philadelphia, PA $1,250 $1,500 $1,800 $1,800
Bella Vista - Southwark, Philadelphia, PA $1,125 $1,495 $2,195 $1,895
Center City West, Philadelphia, PA $1,300 $1,915 $2,732 $1,952
Rittenhouse Square, Philadelphia, PA $1,525 $1,895 $2,795 $2,000
Fairmount - Art Museum, Philadelphia, PA $1,550 $1,800 $2,175 $2,033
Center City East, Philadelphia, PA $1,170 $2,000 $2,728 $2,073
Northern Liberties - Fishtown, Philadelphia, PA $1,400 $1,800 $2,500 $2,100
Logan Square, Philadelphia, PA $1,839 $2,305 $3,943 $2,530
University City, Philadelphia, PA $1,281 $3,386 $3,950 $3,323

Top Counties Near Philadelphia

There are a total of 16 counties located by Philadelphia, PA. Some of these counties include Philadelphia, PA, Delaware, PA, and Camden, NJ. The average rent for rentals in these counties is $2,350. 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 $1,800. Vice versa, with an average rent of $2,995, Mercer, NJ is the most expensive county by Philadelphia, PA.

Typically, rent for studios in Philadelphia, PA is 62.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Philadelphia, PA is 3.73% more expensive than other counties nearby. Finally, rent for two bedrooms in Philadelphia, PA is 8.00% more affordable than other counties nearby. We've listed the top 8 counties in the chart below.
County Studio 1 Bed 2 Bed All
Philadelphia, PA $1,250 $1,675 $1,840 $1,800
Delaware, PA N/A $1,500 $1,800 $1,903
Camden, NJ $950 $1,500 $1,975 $2,269
Montgomery, PA $1,756 $1,700 $2,000 $2,300
Burlington, NJ N/A $1,550 $2,025 $2,400
Gloucester, NJ N/A $1,450 $1,950 $2,600
Bucks, PA $950 $1,900 $2,300 $2,700
Mercer, NJ N/A $1,798 $2,450 $2,995

Top Zipcodes Near Philadelphia

There are a total of 5 zipcodes in or near Philadelphia, PA. The average rent for all of these zipcodes is $1,700. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19144, Philadelphia, PA at $1,568 per month. In comparison, the zipcode with the most expensive average rent of $2,115 per month is 19460, Phoenixville, PA.

Studios in these zipcodes have an average rent of $1,095. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Philadelphia, PA is $1,583 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,650 per month. Which comes out to $2 per sqft. The following chart includes the top 5 zipcodes in 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 $1,095 $2,250 $1,800 $1,900
19144, Philadelphia, PA $1,270 $1,583 $1,450 $1,568
19128, Philadelphia, PA $1,425 $1,525 $1,650 $1,650
19145, Philadelphia, PA N/A $1,295 $1,500 $1,700
19460, Phoenixville, PA N/A $1,991 $2,140 $2,115

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 $1,800. 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 $1,250 and an average price per square feet of $2.80. There are a total of 246 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 $1,675 and an average price per square feet of $2.45. There are a total of 998 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 $1,840 and an average price per square feet of $1.88. There are a total of 1,086 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 -0.09%, one bedroom rental prices have changed by 0.12%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.02% year-over-year.
What is a reasonable rent price in Philadelphia, PA?
A reasonable rent price in Philadelphia, PA is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.
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