Apartments for Rent in Washington Square West, Philadelphia, PA

Washington Square West, Philadelphia apartment availability

Washington Square West's rental market offers a very strong selection of listings, with an average of 224 rentals available each month. 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, hardwood floors, and air conditioning, which are available in approximately 43%, 51%, and 64% of rentals, respectively. With its diverse range of apartments and amenities, Washington Square West is a popular choice for renters in Philadelphia.

Washington Square West, Philadelphia rental market trends

Renters looking for apartments in Washington Square West, Philadelphia, can expect a relatively stable market. The average monthly rent across all property types in 2024 is around $1,640, a 1.6% decrease from the previous year. Breaking it down by bedroom count, 1-bedrooms average $1,600 per month, a 2.4% decrease, while 2-bedrooms saw a 2.7% increase to $2,139. Studios average $1,256 per month, a 0.9% decrease.

The most expensive time to rent in Washington Square West is May, with prices 5.1% higher than in January, the least expensive month. January offers a better chance to find a deal, with more units available than demand. Overall, the market trend suggests that renters may have a slight upper hand in negotiations, especially during the winter months.

Why Washington Square West, Philadelphia is a great place to live

Washington Square West 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 centers, and access to health clinics and wellness centers, making it an ideal spot for those committed to their physical and mental well-being. Additionally, with its high concentration of restaurants, mixed-use developments, and frequent transit options, Washington Square West is also perfect for renters who value an active social life. Its well-designed street infrastructure and emphasis on safety further enhance the neighborhood's appeal for those who enjoy getting out and about with friends.