Philadelphia Rent Growth Slows Down
The Rent trend data in Philadelphia, Pennsylvania
Philadelphia Average Rent
As of October 2017, average rent for an apartment in Philadelphia, PA is $1580 which is a 15.38% decrease from last year when the average rent was $1823 , and a 0.44% decrease from last month when the average rent was $1587.
One bedroom apartments in Philadelphia rent for $1404 a month on average (a 17.95% decrease from last year) and two bedroom apartment rents average $1738 (a 21.35% decrease from last year).
Philadelphia Rental Trends
The average apartment rent over the prior 6 months in Philadelphia has decreased by $62 (-3.8%)
One bedroom units have decreased by $54 (-3.7%) and two bedroom apartments have decreased by $115 (-6.2%)
Philadelphia Average Rent By Neighborhood
|City Center West||2,109|
|City Center East||2,056|
|Marconi Plaza-Packer Park||1,195|
The most expensive Philadelphia neighborhoods to rent houses in are Fairmount-Spring Garden, City Center West, and Riverfront.
The least expensive Philadelphia neighborhoods to rent houses in are Frankford, Olney, and Fairhill.