Apartments for Rent in Elmwood, Philadelphia, PA

Elmwood, Philadelphia apartment availability

Elmwood's rental market offers a good selection of listings, with an average of about 44 rentals available each month. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, with a smaller number of studios. Many Elmwood apartments offer desirable amenities, including outdoor space, hardwood floors, and air conditioning, which are available in approximately 29%, 24%, and 25% of rentals, respectively. This variety of options makes Elmwood a viable choice for renters with different priorities and preferences.

Elmwood, Philadelphia rental market trends

The Elmwood neighborhood in Philadelphia saw a significant increase in rent prices last year, with an average monthly rent of $1,319, representing a 9.5% year-over-year increase. Breaking it down by bed count, 1-bedrooms averaged $979 per month, a 11.4% increase from the previous year, while 2-bedrooms averaged $1,236, a 10% increase. The average rent for a 3-bedroom was $1,427, a 6.2% increase, and studios averaged $800, a 15.1% decrease.

The summer months tend to see the highest demand and prices in Elmwood, with May typically being the most expensive month, 12.6% higher than January, the month with the lowest rent. If you're looking for a new apartment, be prepared for more competition during the spring and summer months. On the other hand, if you're looking for a better deal, consider searching during the winter months, when prices tend to be lower. Keep in mind that the rental market can fluctuate, and it's essential to stay informed to find the best fit for your needs and budget.

Why Elmwood, Philadelphia is a great place to live

Elmwood, Philadelphia, stands out as a neighborhood that seamlessly blends a vibrant social life with a strong commitment to environmental sustainability.

For those who value an active social calendar, Elmwood's excellent transit score, well-designed street infrastructure, and high walk score make it easy to get around and enjoy the area's attractions. Plus, with a strong emphasis on safety, residents can feel secure as they explore their community.

Environmentally conscious renters will also feel right at home in Elmwood. From the use of non-toxic paint and sustainable materials in construction to innovative features like rainwater harvesting and recycling, community solar projects, and low-flow fixtures, this neighborhood prioritizes eco-friendliness. With plenty of parks and recreational spaces nearby, residents can connect with nature and live more sustainably. Whether you're looking for a lively social scene or a green lifestyle, Elmwood has something for everyone.