$1,977
Average Rent
$1,780
Median Rent
+3.8%
Year-over-Year Growth
5.8%
Vacancy Rate
About Philadelphia, PA
The "City of Brotherly Love" offers a rich historical backdrop and a very competitive rental market.
Popular Neighborhoods in Philadelphia
Rittenhouse Square
$2,700/moUpscale urban center with high-end shops and luxury apartments.
Fishtown
$1,850/moFormerly industrial area turned into a creative hotspot.
University City
$2,100/moHub for education and healthcare, home to UPenn and Drexel.
Philadelphia Rental Market Insights
Philadelphia remains the most affordable major city in the Northeast corridor.
Rehabilitation of old industrial buildings into lofts is a major trend in North Philly.
Proximity to Amtrak makes Philly a viable home base for NYC commuters.
Frequently Asked Questions
What is the average rent in Philly?
Average rent is approximately $1,977.