Apartments for Rent in Kensington, Philadelphia, PA

Kensington, Philadelphia apartment availability

Kensington's rental market offers a very strong selection of listings, with an average of 384 rentals available each month in 2024. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as studios. Many of these rentals come with desirable amenities, including dishwashers, air conditioning, and in-unit laundry, which is available in over 61% of apartments. With its varied housing stock and range of amenities, Kensington is a neighborhood worth considering for renters looking for a place to call home in Philadelphia.

Kensington, Philadelphia rental market trends

Kensington's rental market saw a 4.5% increase in average monthly rent last year, reaching $1,646. 1-bedrooms experienced a significant annual increase of 37.6%, now averaging $1,523 per month. The average rent for a 2-bedroom is around $1,760, while studios average $1,216.

Rents in Kensington tend to fluctuate throughout the year, with November typically seeing the highest prices, 22.7% higher than February, the month with the lowest average rent. This variation presents opportunities for renters to find better deals during the off-season. While there may be fewer rentals available during the winter months, there is also less competition, making it a good time to search for a new apartment. In contrast, the most competitive months may see more demand and higher prices, making it essential for renters to plan accordingly.

Why Kensington, Philadelphia is a great place to live

Kensington stands out as a top choice for renters prioritizing environmental sustainability and social living. According to 2024 data, the neighborhood's focus on eco-friendly practices is evident in its use of non-toxic paint, waste recycling, and rainwater harvesting in apartments for rent. The area's walk score and access to parks and recreation also make it an ideal spot for maintaining a green lifestyle. Meanwhile, Kensington's social scene thrives due to its convenient transit options, well-maintained street infrastructure, and diverse neighborhood age distribution. With a strong emphasis on community and sustainability, Kensington is an attractive option for renters seeking a like-minded community.