Last updated
Average Rent in Philadelphia, PA & Rent Trends
Rent prices and market trends across 3 apartment communities in Philadelphia, PA. Updated daily.
Market Average
$1,963/mo
▼ 10.7% from last month
Lowest Available
$1,385/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
14
available now
Rent by Neighborhood in Philadelphia, PA
Compare average rent across Philadelphia, PA neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Center City West | $2,939 | $1,943 | 3 | 43 |
| Center City East | $2,130 | $1,495 | 1 | 12 |
| North Philadelphia | $1,720 | $1,385 | 2 | 12 |
Is Rent Going Up or Down in Philadelphia, PA?
As of June 2026, the average rent in Philadelphia, PA is $1,963 per month across 3 apartment communities and 14 available units. Rents have decreased $318 (10.7%) over the past month.
The most affordable option is Ray Philly starting at $1,385/mo. By unit type, a studio averages $1,963/mo.
Prices range from $1,385 to $2,270 per month. The most common price point is the $1,800 range, where 7 units are currently listed.
Philadelphia, PA Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Philadelphia, PA
Rent Prices by Apartment in Philadelphia, PA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Ray Philly | $1,385/mo | $1,787/mo | 5 | 4.3 |
| Edgewater | $1,943/mo | $1,980/mo | 4 | 4.4 |
| 1919 Market Street Apartments | $1,945/mo | $2,126/mo | 5 | 4.4 |
Google Search Trends for Philadelphia, PA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Philadelphia, PA
What is the average rent in Philadelphia, PA?
Is rent going up or down in Philadelphia, PA?
What is the cheapest apartment in Philadelphia, PA?
How many apartments are available in Philadelphia, PA?
What salary do I need to live comfortably in Philadelphia, PA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$79,000/year
Based on the 30 percent rule, using our tracked average rent of $1,963/mo.
Comfortable income
$94,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,385/mo), you need to earn at least $55,000/year.
Median household income in Philadelphia, PA is $60,698 , about 36% below the comfortable-living threshold.
Cost of living in Philadelphia, PA
Overall prices in Philadelphia, PA runs above the national average by about 2% (BEA Regional Price Parity index 102.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Philadelphia, PA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,963 |
| Utilities | $506 |
| Groceries | $530 |
| Transportation | $1,207 |
| Healthcare | $589 |
| Other goods and services | $942 |
| Estimated total | $5,738/mo |
Population
1,582,432
Median household income
$60,698
Census median rent
$1,323/mo
Rent as % of income
31.2%
Median age
35.1
Mean commute
32 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Philadelphia, PA Apartments
Browse all 3 communities with daily-updated pricing and availability.