Rental market snapshot for Philadelphia, Pennsylvania

Philadelphia, Pennsylvania Rental Property Market Overview

The average rent for an apartment in Philadelphia is $1,807. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 2.0% over the past year.

Philadelphia is a city located in the state of Pennsylvania in the United States of America. The city is the fifth most populous in the country with a population of over 1.5 million people. The city is also the economic and cultural center of the Philadelphia metropolitan area, which is home to over 6 million people. The city is known for its historical significance as the site of the signing of the Declaration of Independence and the Constitution. The city is also home to a number of professional sports teams, including the Philadelphia Eagles of the National Football League, the Philadelphia Phillies of Major League Baseball, and the Philadelphia 76ers of the National Basketball Association.

Last Updated December 23, 2022

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Average monthly rent graph in Philadelphia Pennsylvania | Cost of Living

  • The most expensive ZIP Code in Philadelphia is 19103 with an average price of $2,580
  • The cheapest ZIP Code in Philadelphia is 19140 with an average price of $800

Philadelphia ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
119103$2,580
219106$2,270
319102$2,232
419123$2,195
519127$2,150
619107$2,147
719130$2,033
819129$1,900
919122$1,825
1019147$1,795

Live near Philadelphia, Pennsylvania's Top Sights and Attractions

John F Kennedy Plaza, also known as Love Park, is a city park located in Center City, Philadelphia, Pennsylvania. The park is between 15th and 16th Streets, and between JFK Boulevard and the Benjamin Franklin Parkway. The park is named after President John F. Kennedy, who was assassinated in 1963. The park was designed by Vincent G. Kling in 1965.

Hunting Park is a large park located in north Philadelphia. It is home to a variety of recreational facilities, including a playground, a swimming pool, a basketball court, and a baseball field. The park also has a large pond, which is popular with fishing and birdwatching.

Reyburn Park is a small, urban park located in the heart of Philadelphia. The park is home to a variety of trees, shrubs, and flowers, as well as a playground and a small pond. The park is a popular destination for families and children, and is also a popular spot for weddings and other special events.

The attraction is the Love Letter murals. They are a series of 50 murals painted by the artist Stephen Powers. The murals were painted in 2000 and are located on the side of a building in the city.

Overington Park is a small park located in the Overington neighborhood of Philadelphia, Pennsylvania. The park is home to a playground, a basketball court, and a small picnic area. The park is also adjacent to the Overington Library, which offers a variety of programs and events for the community.

Gorgas Park is a small neighborhood park in the Roxborough section of Philadelphia. The park is named for Dr. William C. Gorgas, a medical doctor who helped control the spread of yellow fever in the early 20th century. The park features a playground, a basketball court, a picnic area, and a walking trail.

Christy Recreation Center is a recreation center located in Philadelphia, Pennsylvania. The center features a gymnasium, an indoor pool, a sauna, and a weight room. The center also offers a variety of classes and programs for all ages.

Mcpearson Square is a small park located in the center of Philadelphia. The park is home to a number of historical monuments, including the Liberty Bell.

Philadelphia, Pennsylvania area median rent change by ZIP Code map

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How does Philadelphia compare to other cities in Pennsylvania ?

citymedian price
New Kensington$900
Clifton Heights$1,865
Pittsburgh$1,430
Bristol$1,895
New Kensington$699
Avalon$985
North Huntingdon$1,650
Washington$850

Average household income in Philadelphia area graph - US Census

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The median household income in Philadelphia in 2021 was $49,127. This represents a 32.9% change from 2011 when the median was $36,957.

#categorypercent
0Less than $10,00011.8%
1$10,000 to $14,9996.0%
2$15,000 to $19,9995.6%
3$20,000 to $24,9995.0%
4$25,000 to $29,9995.0%
5$30,000 to $34,9994.7%
6$35,000 to $39,9994.5%
7$40,000 to $44,9994.2%
8$45,000 to $49,9993.8%
9$50,000 to $59,9997.5%
10$60,000 to $74,9998.6%
11$75,000 to $99,99911.2%
12$100,000 to $124,9997.1%
13$125,000 to $149,9994.4%
14$150,000 to $199,9995.1%
15$200,000 or more5.3%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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