The Darien
815 Poplar St,
Philadelphia, PA 19123
Studio - 3 Beds | $1,228 - $4,655
Rental Market Trends in Philadelphia, PA
What is the average rent in Philadelphia, PA?
$1,695/month
Average Rent
671 Sq Ft
Average Apartment Size
-0.1%
Decrease in the Last Year
As of December 2024, the average rent in Philadelphia, PA is $1,695 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Philadelphia rent prices are 9% higher than the national average. When you rent an apartment in Philadelphia, you can expect to pay about $1,363 per month for a studio, $1,695 for a one-bedroom apartment, and around $2,143 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,996 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Philadelphia, PA?
In the past year, rent has decreased by 0.1%, which averages out to $0 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Philadelphia, PA
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
10%
$700 - $1,000/month
37%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
20%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Philadelphia?
Based on current rent prices, Northeast Philadelphia, Northwest Philadelphia/Manayunk and West Philadelphia are the most affordable neighborhoods in Philadelphia.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Philadelphia?
Based on current rent prices, Center City West, Rittenhouse Square and Midtown Village are the most expensive neighborhoods in Philadelphia.
Neighborhood
Average Rent
Average Sq Ft
Which Philadelphia neighborhoods have the most rentals available?
The neighborhoods in Philadelphia with the most apartments available are Center City, Northern Liberties and Logan Square .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Philadelphia, PA?
Because the average rent in Philadelphia is $1,695, you’ll want to make about $5,650 per month or $67,800 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Philadelphia, PA compare to other nearby cities and neighborhoods?
Use the tool below to compare Philadelphia, PA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$996/month
$1,052/month
One Bedroom
$1,229/month
$1,359/month
Two Bedroom
$1,527/month
$1,652/month
Three Bedroom
$1,712/month
$2,252/month
Nearby City Rent Trends
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Greystar
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3,184
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881,592
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828
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Altman Management Company
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58
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Campus Apartments
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Chelsea Management
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41
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Odin Properties
-
53
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-
7,768
Units
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22
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18 Communities in Philadelphia
Rushmore Management
-
49
Communities
-
10,247
Units
-
29
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15 Communities in Philadelphia
The Galman Group
-
37
Communities
-
6,782
Units
-
18
Cities
15 Communities in Philadelphia
Alterra Property Group
-
15
Communities
-
2,481
Units
-
1
City
15 Communities in Philadelphia
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Methodology
† 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.
* Percentages may not total 100 due to rounding.