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).
| Beds | Rent |
|---|---|
| All beds | 1,580 |
| 1 beds | 1,404 |
| 2 beds | 1,738 |
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
| Neighborhood | Rent |
|---|---|
| Fairmount-Spring Garden | 2,193 |
| City Center West | 2,109 |
| Riverfront | 2,073 |
| City Center East | 2,056 |
| North Central | 1,851 |
| Poplar-Ludlow-Yorktowne | 1,835 |
| Wharton-Hawthorne-Bella Vista | 1,823 |
| Cobbs Creek | 1,623 |
| Fishtown | 1,588 |
| Schuylkill Southwest | 1,557 |
| South Philadelphia | 1,532 |
| Hartranft | 1,524 |
| Chestnut Hill | 1,520 |
| Kensington | 1,464 |
| Pennsport-Whitman-Queen | 1,436 |
| Wynnefield | 1,410 |
| Manayunk | 1,395 |
| Belmont | 1,384 |
| Roxborough | 1,311 |
| East Falls | 1,305 |
| Brewerytown | 1,300 |
| Point Breeze | 1,261 |
| Girard Estates | 1,215 |
| Alleghany West | 1,208 |
| Marconi Plaza-Packer Park | 1,195 |
| Holmesburry-Torresdale | 1,160 |
| Mount Airy | 1,152 |
| Eastwick | 1,075 |
| Torresdale | 1,074 |
| Richmond | 1,022 |
| Germantown | 1,006 |
| Academy Gardens | 1,006 |
| Summerdale | 1,000 |
| Strawberry Mansion | 975 |
| Bustleton | 965 |
| Morris Park | 947 |
| Somerton | 944 |
| Cedar Brook | 924 |
| Oxford Circle | 917 |
| Mayfield | 912 |
| Grays Ferry | 899 |
| Tioga-Nicetown | 882 |
| Byberry | 880 |
| Haddington-Carroll Park | 877 |
| Fox Chase | 873 |
| Rhawnhurst | 859 |
| Oak Lane | 824 |
| Wissanoning | 798 |
| Hunting Park | 794 |
| Logan-Fern Rock | 794 |
| Fairhill | 789 |
| Olney | 767 |
| Frankford | 761 |
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.
