Rental market snapshot for Philadelphia, Pennsylvania
Philadelphia, Pennsylvania Rental Property Market Overview
Philadelphia, Pennsylvania is the sixth-most populous city in the United States, with a population of 1,576,251 as of 2021, according to the US Census. It is the largest city in the Commonwealth of Pennsylvania and the economic and cultural anchor of the Delaware Valley, a region home to over 7 million people. Philadelphia is known for its rich history, vibrant culture, and iconic landmarks, such as the Liberty Bell and Independence Hall. The city is home to numerous universities and colleges, as well as professional sports teams, making it a popular destination for tourists and locals alike.
The average rent for an apartment in Philadelphia is $1,904. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by 0.00% over the past year.
Last Updated November 21, 2023
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Average monthly rent graph in Philadelphia Pennsylvania | Cost of Living
- The most expensive ZIP code in Philadelphia is 19102 with an average price of $2,780.
- The cheapest ZIP code in Philadelphia is 19126 with an average price of $1,035.
Philadelphia ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 19102 | $2,780 |
| 2 | 19103 | $2,624 |
| 3 | 19106 | $2,533 |
| 4 | 19107 | $2,301 |
| 5 | 19123 | $2,256 |
| 6 | 19127 | $2,217 |
| 7 | 19130 | $2,183 |
| 8 | 19129 | $2,052 |
| 9 | 19104 | $1,991 |
| 10 | 19122 | $1,985 |
Live near Philadelphia, Pennsylvania's Top Sights and Attractions
John F Kennedy Plaza is a public park located in the heart of the city. It features a large fountain, a memorial to the late President John F Kennedy, and a variety of sculptures and monuments. The plaza is a popular gathering place for locals and visitors alike, offering a peaceful respite from the hustle and bustle of the city. It is surrounded by lush green lawns and trees, making it a great spot for picnics and outdoor activities.
Hunting Park is a large public park in Philadelphia, Pennsylvania. It features a variety of recreational activities, including a large playground, a basketball court, a baseball field, a running track, and a swimming pool. The park also has a large pond, which is home to a variety of wildlife, including ducks, geese, and turtles. There are also several walking trails, picnic areas, and a community garden. Hunting Park is a great place to spend a day outdoors, enjoying the fresh air and the beauty of nature.
Reyburn Park is a large public park located in the heart of the city. It features a variety of activities and attractions, including a large lake, walking trails, playgrounds, picnic areas, and a variety of sports fields. The park also has a large amphitheater, which hosts concerts and other events throughout the year. The park is a popular destination for families and visitors alike, offering a peaceful and scenic escape from the hustle and bustle of the city.
A Love Letter for You is an outdoor public art installation located in the heart of Philadelphia. It consists of 50 colorful murals painted on buildings throughout the city, each featuring a unique love letter written by a local artist. The murals are meant to inspire and uplift the community, and to remind people of the power of love. The project has become a popular tourist attraction, and visitors can take a self-guided tour to explore the murals and learn more about the stories behind them.
Overington Park is a large public park located in the heart of the city. It features a variety of recreational activities, including walking and biking trails, a playground, a pond, and a large open field. The park also has a variety of trees and plants, making it a great spot for nature lovers. Visitors can also enjoy a variety of events and activities throughout the year, such as concerts, festivals, and outdoor movies.
Gorgas Park is a large public park located in Philadelphia, Pennsylvania. It features a variety of recreational activities, including a playground, basketball courts, tennis courts, a walking trail, and a large open field. The park also has a pond, which is home to a variety of wildlife, including ducks, geese, and turtles. The park is a popular spot for picnics and outdoor activities, and is a great place to relax and enjoy the outdoors.
Christy Recreation Center is a popular destination for outdoor enthusiasts in Philadelphia. Located in the heart of the city, the center offers a variety of activities for visitors to enjoy. From biking and hiking trails to a large playground and picnic area, there is something for everyone. The center also features a large swimming pool, a basketball court, and a sand volleyball court. With its convenient location and wide range of activities, Christy Recreation Center is a great place to spend the day with family and friends.
McPherson Square is a popular public park located in the heart of Philadelphia. It is a vibrant green space with a variety of amenities, including a large fountain, a playground, and a variety of benches and tables. The park also features a variety of trees and shrubs, providing a peaceful and tranquil atmosphere. The park is a popular spot for locals and visitors alike, and is a great place to relax and enjoy the city.
Jardel Recreation Center is a popular destination for outdoor recreation in Philadelphia. It features a large outdoor pool, a playground, a basketball court, a baseball field, and a picnic area. The center also offers a variety of programs and activities for all ages, including swimming lessons, arts and crafts, and sports leagues. The center is also home to a variety of special events throughout the year, such as movie nights, concerts, and festivals.
Philly Pumptrack is an outdoor recreational facility located in Philadelphia, Pennsylvania. It features a custom-built, asphalt track with a variety of bumps, jumps, and banked turns. The track is designed to be ridden by BMX bikes, mountain bikes, and skateboards. The facility also includes a dirt jump area, a foam pit, and a pump track for beginner riders. The park is open to the public and offers lessons and clinics for all skill levels.
Philadelphia, Pennsylvania area median rent change by ZIP code map
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How does Philadelphia compare to other cities in Pennsylvania?
| city | median price |
|---|---|
| Collegeville | $2,301 |
| Langhorne | $2,099 |
| Paoli | $1,950 |
| Prospect Park | $1,925 |
| Moonship | $1,549 |
| Darby | $1,400 |
| North Versaillesship | $1,395 |
| Elizabeth | $900 |
Average household income in Philadelphia area graph - US Census
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The median household income in Philadelphia in 2021 was $52,649. This represents a 42.5% change from 2011 when the median was $36,957.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 11.8% |
| 1 | $10,000 to $14,999 | 6.0% |
| 2 | $15,000 to $19,999 | 5.6% |
| 3 | $20,000 to $24,999 | 5.0% |
| 4 | $25,000 to $29,999 | 5.0% |
| 5 | $30,000 to $34,999 | 4.7% |
| 6 | $35,000 to $39,999 | 4.5% |
| 7 | $40,000 to $44,999 | 4.2% |
| 8 | $45,000 to $49,999 | 3.8% |
| 9 | $50,000 to $59,999 | 7.5% |
| 10 | $60,000 to $74,999 | 8.6% |
| 11 | $75,000 to $99,999 | 11.2% |
| 12 | $100,000 to $124,999 | 7.1% |
| 13 | $125,000 to $149,999 | 4.4% |
| 14 | $150,000 to $199,999 | 5.1% |
| 15 | $200,000 or more | 5.3% |
