Tied with Long Beach and Minneapolis, Philadelphia comes in as the 16th most expensive rental market in the U.S, with one bedrooms asking a median of $1,190 and two bedrooms asking $1,360. Prices have cooled over the past year, with one bedroom prices down 10.5% and two bedrooms down 2.9% in 2015.
On a neighborhood level, Logan Square ($1,870) and University City ($1,850) are currently the two most expensive neighborhoods, both priced over $1,800. Other notably expensive neighborhoods include Center City West ($1,670) Southwest Center City ($1,650), and Avenue of the Arts North ($1,540). More affordable options such as North Philadelphia West, Kensington, and Port Richmond can be found to the north of the city.
If you’re interested in seeing how Philly compares with the rest of the U.S, check out our January 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 3,800 Appartements à Philadelphie on Zumper.
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