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701 N 40th St is rated 8.6 out of 10 by Zumper, indicating strong value and appeal for renters. The property features modern amenities like stainless steel appliances and wood-look flooring, and enjoys an impressive location score of 9, with excellent proximity to schools, parks, and public transit. Additionally, it excels in fostering social engagement and environmental sustainability, making it an attractive choice in a vibrant community.
Things you’ll love
Elementary school nearbyMiddle school nearbyDishwasherGreat for
Eco living
Social life| 2BR/2.0BA | 2 bed | 2 bath | $1,650–$1,800 /mo | 3 units available | Virtual Tour: https my matterport com show ?m=TeZZJ8MHWBb This unit for rent is a 2-bed, 2 full bath. This recently renovated apartment in Philadelphia offers a blend of modern comfort and practical design. The space comprises two bedrooms, two full bathrooms, and an open-concept kitchen and living area, perfect for entertaining. Throughout the apartment, attractive wood-look flooring creates a warm and cohesive aesthetic. Large windows in the bedrooms and living area flood the space with natural light, while offering views of the surrounding neighborhood. The walls are painted in a neutral tone, providing a clean canvas for personalization. The two bathrooms feature modern designs. The main bathroom includes a white bathtub, toilet, and a striking grey tile surround accented by a decorative mosaic strip. In the kitchen, sleek two-tone cabinetry (light grey uppers and darker grey lowers) is complemented by stainless steel appliances, including a refrigerator, stove, and over-the-range microwave. A central island with a sink adds functionality and serves as a focal point, illuminated by modern pendant lighting and a seating area for bar stools. Storage solutions are integrated throughout, with closet spaces and additional cabinetry. The apartment's layout maximizes the use of space, creating an environment that feels both open and intimate. Located at 701 N. 40th St., this property offers a fresh, contemporary living space in the heart of Philadelphia. Promo: 1 month free rent concession on a 13-month contract or 2 months free rent concession on an 18-month contract. Concession cannot be amortized, and concession will be applied on Months #3 & #4 Qualifications / General Screening Criteria: • Rental applications must be complete, correct and verified. • Gross monthly income must provable and be at least 3 times rent or tenant must have a housing choice voucher. • Applicants must have a proven history of on-time rental payments not including the COVID-19 emergency period. • Applicants must have a good relevant credit history or tenant must have a housing choice voucher. • Applicants must have no evictions in the last 4 years except during the COVID-19 emergency period. |
Let's explore this property.
Appliances
| Dishwasher | In-Unit Laundry |
| Microwave | Stove & Refrigerator |
| Washer and Dryer |
Tech
| Stove/Refrigerator |
One-time.
One-time. Refundable.
| Units | 3 |
|---|
Virtual Tour: https my matterport com show ?m=TeZZJ8MHWBb This unit for rent is a 2-bed, 2 full bath. This recently renovated apartment in Philadelphia offers a blend of modern comfort and practical design. The space comprises two bedrooms, two full bathrooms, and an open-concept kitchen and living area, perfect for entertaining. Throughout the apartment, attractive wood-look flooring creates a warm and cohesive aesthetic. Large windows in the bedrooms and living area flood the space with natural light, while offering views of the surrounding neighborhood. The walls are painted in a neutral tone, providing a clean canvas for personalization. The two bathrooms feature modern designs. The main bathroom includes a white bathtub, toilet, and a striking grey tile surround accented by a decorative mosaic strip. In the kitchen, sleek two-tone cabinetry (light grey uppers and darker grey lowers) is complemented by stainless steel appliances, including a refrigerator, stove, and over-the-range microwave. A central island with a sink adds functionality and serves as a focal point, illuminated by modern pendant lighting and a seating area for bar stools. Storage solutions are integrated throughout, with closet spaces and additional cabinetry. The apartment's layout maximizes the use of space, creating an environment that feels both open and intimate. Located at 701 N. 40th St., this property offers a fresh, contemporary living space in the heart of Philadelphia. Promo: 1 month free rent concession on a 13-month contract or 2 months free rent concession on an 18-month contract. Concession cannot be amortized, and concession will be applied on Months #3 & #4 Qualifications / General Screening Criteria: • Rental applications must be complete, correct and verified. • Gross monthly income must provable and be at least 3 times rent or tenant must have a housing choice voucher. • Applicants must have a proven history of on-time rental payments not including the COVID-19 emergency period. • Applicants must have a good relevant credit history or tenant must have a housing choice voucher. • Applicants must have no evictions in the last 4 years except during the COVID-19 emergency period.
How 701 N 40th St compares to other nearby properties.
Positives
Considerations
2-bedroom apartments at 701 N 40th St cost about 3% more than the average rent price for 2-bedroom apartments in Belmont.
| Month | Median Rent |
|---|---|
| April 2024 | $1,185 |
| May 2024 | $1,200 |
| June 2024 | $1,210 |
| July 2024 | $1,204 |
| August 2024 | $1,195 |
| September 2024 | $1,191 |
| October 2024 | $1,180 |
| November 2024 | $1,196 |
| December 2024 | $1,199 |
| January 2025 | $1,206 |
| February 2025 | $1,208 |
| March 2025 | $1,209 |
| April 2025 | $1,194 |
| May 2025 | $1,222 |
| June 2025 | $1,225 |
| July 2025 | $1,227 |
| August 2025 | $1,198 |
| September 2025 | $1,195 |
| October 2025 | $1,193 |
| November 2025 | $1,153 |
| December 2025 | $1,149 |
| January 2026 | $1,189 |
| February 2026 | $1,197 |
| March 2026 | $1,197 |
| April 2026 | $1,180 |
| Month | Median Rent |
|---|---|
| October 2024 | $1,125 |
| November 2024 | $1,043 |
| November 2025 | $960 |
| December 2025 | $835 |
| January 2026 | $889 |
| February 2026 | $946 |
| March 2026 | $966 |
| April 2026 | $980 |
Can I afford to live at 701 N 40th St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$66,000/yr
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Walnut Hill • 241 S 49th St
1–3 Beds
$1,500–$2,050
Mill Creek • 800 North 48th Street
3–4 Beds
$1,980–$2,530
Jenkintown • 1300 Greenwood Ave
1–2 Beds
$2,179–$3,834
Chestnut Hill • 7600 Stenton Ave
1–3 Beds
$1,493–$2,462
Roxborough • 7949 Ridge Ave
1–2 Beds
$1,354–$1,950
East Falls • 4021 Ridge Ave
1–2 Beds
$1,875–$2,550
Chestnut Hill • 7715 Mccallum St
1–3 Beds
$1,648–$3,035
Walnut Hill • 241 S 49th St
1–3 Beds
$1,500–$2,050
Mill Creek • 800 North 48th Street
3–4 Beds
$1,980–$2,530
Jenkintown • 1300 Greenwood Ave
1–2 Beds
$2,179–$3,834
Chestnut Hill • 7600 Stenton Ave
1–3 Beds
$1,493–$2,462
Roxborough • 7949 Ridge Ave
1–2 Beds
$1,354–$1,950
East Falls • 4021 Ridge Ave
1–2 Beds
$1,875–$2,550
Chestnut Hill • 7715 Mccallum St
1–3 Beds
$1,648–$3,035
