University of Pennsylvania

Philadelphia, PA

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University of Pennsylvania - Philadelphia, PA

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A culture of peerless scholarship since 1740

Private Ivy League Historic Walkable Public Transportation Septa Trolley

Founded by none other than Benjamin Franklin in 1740, Penn is one of America’s most historic and prestigious universities. Students not only get the benefit of an Ivy League education, but the campus location provides direct access to all the resources and attractions in the heart of Philadelphia. The University Museum is one of the premier archaeological galleries in the nation, and the many of the gorgeous campus buildings are included in the University of Pennsylvania Historic District.

The Powelton Village and Spruce Hill neighborhoods are popular areas for students and faculty members to seek housing, with both offering convenient access to the campus. However, folks seeking to balance their time between the university and the Center City area may want to consider looking for apartments on the east bank of the Shuykill River—rent tends to be a little pricier on this side, but Philadelphia’s finest attractions will be in your backyard and the university is just a short walk or trolley ride across the Market Street bridge.

Rent Trends

As of March 2025, the average apartment rent in Philadelphia, PA is $1,388 for a studio, $1,720 for one bedroom, $2,184 for two bedrooms, and $3,057 for three bedrooms. Apartment rent in Philadelphia has decreased by -0.1% in the past year.

  • Studio

  • 451 sq ft

    Average Sq Ft

  • $1,388/month

    Average Rent

  • 1 BR

  • 665 sq ft

    Average Sq Ft

  • $1,720/month

    Average Rent

  • 2 BR

  • 966 sq ft

    Average Sq Ft

  • $2,184/month

    Average Rent

  • 3 BR

  • 1,336 sq ft

    Average Sq Ft

  • $3,057/month

    Average Rent

Transportation

84

Very Walkable

out of 100 WalkScore® Rating

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.

73

Excellent Transit

out of 100 TransitScore® Rating

You’ll have excellent transit living in this area, with several nearby transit stops.

75

Very Bikeable

out of 100 BikeScore® Rating

This area is very bikeable. You’ll find a variety of bike paths and lanes.

Schools

Greenberg Joseph School

Public

Grades K-8

831 Students

10
out of 10

Masterman Julia R Secondary School

Public

Grades 5-12

1,186 Students

9
out of 10

Greenfield Albert M School

Public

Grades K-8

683 Students

9
out of 10

Girard Academic Music Program (GAMP)

Public

Grades 5-12

579 Students

9
out of 10

Penn Alexander School

Public

Grades K-8

579 Students

8
out of 10

Greenberg Joseph School

Public

Grades K-8

831 Students

10
out of 10

Masterman Julia R Secondary School

Public

Grades 5-12

1,186 Students

9
out of 10

Greenfield Albert M School

Public

Grades K-8

683 Students

9
out of 10

Girard Academic Music Program (GAMP)

Public

Grades 5-12

579 Students

9
out of 10

C.C.A. Baldi Middle School

Public

Grades 6-8

1,462 Students

8
out of 10

Central High School

Public

Grades 9-12

2,364 Students

9
out of 10

Masterman Julia R Secondary School

Public

Grades 5-12

1,186 Students

9
out of 10

Girard Academic Music Program (GAMP)

Public

Grades 5-12

579 Students

9
out of 10

Academy At Palumbo

Public

Grades 9-12

1,179 Students

8
out of 10

Carver High School

Public

Grades 7-12

897 Students

8
out of 10

Points of Interest

Parks and Recreation

  • Penn Museum
  • University of Pennsylvania Observatory
  • Schuylkill River Park
  • Franklin Institute
  • Fels Planetarium

Airports

  • Philadelphia International
  • Trenton Mercer

Top Apartments Near University of Pennsylvania

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.