Apartments for Rent in South Philadelphia East, Philadelphia, PA

South Philadelphia East, Philadelphia apartment availability

South Philadelphia East's rental market offers a good selection of listings, with an average of around 44 rentals available each month. The neighborhood's inventory is relatively balanced, with a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as a smaller number of studios. Many of these apartments feature desirable amenities, including hardwood floors, in-unit laundry, and air conditioning, which are available in approximately 41%, 58%, and 52% of listings, respectively. This variety of options makes South Philadelphia East a viable choice for renters with different needs and priorities.

South Philadelphia East, Philadelphia rental market trends

South Philadelphia East's rental market experienced a slight decline in 2024, with average monthly rents decreasing by 0.7% to $1,610. Broken down by bed count, 1-bedrooms averaged $1,326 per month, a 0.4% decrease from the previous year. 2-bedrooms rented for approximately $1,628, a 3.3% decrease, while 3-bedrooms saw a 2% increase to $1,898. Studios, however, experienced a significant 65.2% decrease to $343.

The rental market in South Philadelphia East tends to fluctuate throughout the year. December typically sees the highest rents, with a 5.3% increase compared to August, the month with the lowest rents. If you're looking for a new apartment, August may be a good time to find a deal. On the other hand, if you're looking to rent out a property, December may be the best time to capitalize on higher demand. Keep in mind that these trends can help inform your decision, whether you're a renter or a landlord.

Why South Philadelphia East, Philadelphia is a great place to live

South Philadelphia East is a neighborhood that caters to renters who prioritize pet friendliness and a vibrant social life. With an abundance of pet-friendly amenities, including pet waste stations, pet supply stores, and dog parks, this area makes it easy for pet owners to care for their furry friends. Many apartments also offer pet-safe windows, outdoor spaces, and no breed restrictions, further solidifying its pet-friendly reputation.

The neighborhood's social scene is also thriving, thanks to its well-developed street infrastructure, frequent public transportation, and high walk score. A strong sense of community is fostered by the area's safety and dense neighborhood population. Whether you're looking for a night out or a casual gathering, South Philadelphia East's social landscape has something for everyone. If you value a lively social life and a pet-friendly environment, this neighborhood is an excellent choice.