According to our most recent national rent report, Philadelphia ranked as the 22nd most expensive city with the price of one bedroom units falling 3.5% to $1,390, while two bedrooms grew 2.4% to $1,740. Notably, on a year over year basis, two bedroom rent is up 16%.
This winter, Riverfront et Logan Square tied for the priciest neighborhood with rents both at $1,820. Old City ($1,790), Rittenhouse ($1,750), and Center City East ($1,710) followed closely behind as the next most expensive areas. Rentals priced closer to the city one bedroom median of $1,390 could be found in Queen Village, Graduate Hospital, et Fairmount.
Meanwhile, the most affordable neighborhoods, priced below the $700 threshold, included Glenwood, Fairhill, et Upper Kensington. You can also look into the north western portion of this map for a larger proportion of other inexpensive areas to rent.
If you’re interested in how Philadelphia rents compare with the rest of the nation’s, check out our February National Rent Report, which analyzes over 1 million active listings available in the prior month.
To keep up to date with rent changes across the country, like or follow us on Facebook, Gazouillement, ou Pinterest. In the market for a new place? Search over all Philadelphia apartments for rent on Zumper now.
For a refresher on our methodology, check out our post ici.
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