Apartments for Rent in Elkins Park, Philadelphia, PA

Elkins Park, Philadelphia apartment availability

Elkins Park's rental market offers a good selection of listings, with an average of about 29 rentals available each month. The majority of these rentals are 1-bedroom and 2-bedroom apartments, with a smaller number of 3-bedroom apartments and studios also available. Many of these apartments offer desirable amenities, including air conditioning, which is available in nearly 78% of rentals. Additionally, over 63% of Elkins Park apartments are pet-friendly, making this neighborhood a great option for renters with small pets.

Elkins Park, Philadelphia rental market trends

Elkins Park's rental market experienced a decline in 2024, with average monthly rents decreasing by approximately 11% to $1,759. The average rent for a 1-bedroom is around $1,517, reflecting a slight annual increase of 0.8%. In contrast, 2-bedroom rentals saw a significant decrease of 16.4% to $1,754, while studios dropped by 25.9% to $926.

The summer months tend to see higher demand and prices in Elkins Park, with July typically having the highest rent, 28.9% more than February, the month with the lowest rent. This significant increase in rent during the summer months indicates a competitive market during this time. If you're searching for a new apartment, February may be a good time to find a deal, with lower prices compared to the peak summer months.

Why Elkins Park, Philadelphia is a great place to live

Elkins Park stands out as a haven for those prioritizing environmental sustainability and a vibrant social life. The neighborhood's commitment to eco-friendly practices is evident in its widespread use of non-toxic paint, waste recycling and composting programs, and innovative rainwater harvesting systems. Residents also benefit from an excellent walk score and access to community solar projects, underscoring the area's dedication to reducing its carbon footprint.

A thriving social scene is also a hallmark of Elkins Park, thanks to its well-connected public transit system, diverse neighborhood age distribution, and emphasis on safety. The area's walkability and thoughtfully designed street infrastructure further foster a sense of community, making it an ideal choice for those seeking an engaging and environmentally conscious lifestyle.