Apartments for Rent in Rittenhouse Square, Philadelphia, PA

Rittenhouse Square, Philadelphia apartment availability

Rittenhouse Square's rental market offers a very strong selection of listings, with an average of 245 rentals available each month in 2024. The majority of rentals are 1-bedroom apartments, followed by studios and 2-bedroom apartments. Many of these apartments feature desirable amenities, including in-unit laundry, air conditioning, and hardwood floors, which are available in over half of the apartments. With its excellent amenities and range of apartment types, Rittenhouse Square is a popular choice for renters in Philadelphia.

Rittenhouse Square, Philadelphia rental market trends

Rittenhouse Square's rental market experienced a decline in 2024, with average monthly rents decreasing by 11% to $1,896. The average rent for 1-bedrooms is around $1,851, a 9% decrease from the previous year. 2-bedrooms average $2,544, a 14% decline, while 3-bedrooms average $3,842, a 23% drop. Studios, however, saw a 3% increase to $1,455.

The highest rents in Rittenhouse Square are typically found in January, with a 12% increase compared to April, the month with the lowest rents. This trend suggests that renters may find better deals in the spring. In terms of competition, understanding the most and least competitive months can help renters navigate the market. By avoiding peak seasons, renters may have a better chance of securing a desired apartment. Conversely, those looking to rent during less competitive months may have fewer options but less competition.

Why Rittenhouse Square, Philadelphia is a great place to live

Rittenhouse Square is a top choice for renters prioritizing fitness and social living. According to 2024 data, apartments in this neighborhood often feature onsite gym equipment, proximity to parks and recreation, and access to health clinics and wellness centers. Additionally, soundproofing and low VOC materials contribute to a healthy living environment. The area's vibrant social scene is supported by its parks, restaurants, and well-developed street infrastructure, as well as frequent transit options and a strong safety record. For those seeking a balanced lifestyle that combines physical well-being with social connection, Rittenhouse Square is an excellent option.