Apartments for Rent in Port Richmond, Philadelphia, PA

Port Richmond, Philadelphia apartment availability

Port Richmond's rental market offers a strong selection of listings, with an average of 134 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 some studios. Many of these apartments offer desirable amenities, including dishwashers, in-unit laundry, and air conditioning. Specifically, about 37% of rentals come with a dishwasher, 50% have in-unit laundry, and 42% feature air conditioning. With its varied housing stock and range of amenities, Port Richmond is a neighborhood worth considering for renters looking for a convenient and comfortable place to call home.

Port Richmond, Philadelphia rental market trends

Port Richmond's rental market in Philadelphia has seen a modest year-over-year increase of 2.2% in 2024, with average monthly rents reaching $1,553 across all property types. Breaking it down by bed count, 1-bedrooms experienced a significant 23.2% jump to $1,422, while 2-bedrooms rose 5.1% to $1,613, and 3-bedrooms increased 7.2% to $1,704. However, studio apartments saw a 13.8% decline to $1,056.

The most expensive month to rent in Port Richmond is August, with prices 14.7% higher than in March, the least expensive month. This trend suggests that renters looking for a better deal should consider searching during the spring season. Overall, Port Richmond's rental market offers relatively affordable options, especially for those willing to sign a lease during the less competitive months.

Why Port Richmond, Philadelphia is a great place to live

Port Richmond is a top choice for renters prioritizing social living and environmental sustainability. With its high walk score and transit frequency, residents can easily get around and meet up with friends, making it an ideal spot for those who value an active social life. The neighborhood's commitment to sustainability is also noteworthy, featuring parks and recreation areas, non-toxic paint, and sustainable materials in construction. Additionally, initiatives like rainwater harvesting, recycling, and community solar projects contribute to a reduced carbon footprint. Overall, Port Richmond offers a unique blend of social convenience and eco-friendly living, making it an attractive option for like-minded renters.