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What to Know About
Living in 19131
Philadelphia offers a unique blend of history and modern energy, making it a destination that has something for everyone. It is the birthplace of American independence and home to iconic landmarks such as the Liberty Bell and Independence Hall. The city is also known for its beautiful parks, including the vast Independence National Historical Park, the sprawling Fairmount Park, and the serene Schuylkill River Trail, perfect for exploring the great outdoors.
The city's cultural scene is thriving, with renowned institutions like the Philadelphia Museum of Art and the Kimmel Center for the Performing Arts, showcasing an array of artwork and performances that capture the city's vibrant energy. For sports enthusiasts, Philadelphia has a passionate fanbase, supporting professional teams such as the Philadelphia Eagles (NFL), the Philadelphia Phillies (MLB), the Philadelphia Flyers (NHL), and the Philadelphia 76ers (NBA). In addition, Philadelphia hosts world-class events such as the Liberty Bell Classic football game, the Pennsylvania Dutch Festival, and the Philly Beer Week beer festival.
Learn about American history, explore the great outdoors, or immerse yourself in the thriving arts and culture scene. You can do it all in Philadelphia, which is why it's such a great place to live.
Rental Market Trends
Philadelphia, PA
As of July 2025, Philadelphia's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Philadelphia's average rent is 3.9% ($63) higher than the Pennsylvania average of $1,617 and 5.4% ($95) lower than the U.S. average of $1,775.
Average Rent
$1,680
Monthly ChangeMonth Over Month Change
0.7% ($11)
Yearly ChangeYear Over Year Change
3.8% ($66)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,527 | 0.5% ($8) | 6.7% ($110) |
| 2 Beds | $1,904 | 2.6% ($50) | 4.8% ($88) |
| 3 Beds | $2,267 | 2.7% ($63) | 11.3% ($230) |
| Nearby Cities | Average Rent | Avg. Rent vs. PhiladelphiaAverage Rent vs. Philadelphia | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Camden | $1,350 | 19.6% ($330) | 25 days |
| Bala Cynwyd | $1,905 | 13.4% ($225) | 27 days |
| Pennsauken | $2,232 | 32.9% ($552) | 26 days |
| Merchantville | $1,791 | 6.6% ($111) | 27 days |
| Oaklyn | $1,502 | 10.6% ($178) | 29 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Philadelphia Rental Market FAQs
Explore rental prices, market trends, and availability in Philadelphia, PA.
The average rent in Philadelphia, PA is $1,680 per month.
Houses in Philadelphia typically rent for between $1,069 and $2,947 per month, with an average of $1,680 per month.
In Philadelphia, the average rent for a 1-bedroom house is $1,527 per month, for a 2-bedroom house, $1,904 per month, and a 3-bedroom house is $2,267 per month.
The average rent in Philadelphia is 5.4% ($95) lower than the national average of $1,775 per month.
The average rent in Philadelphia has increased by 0.7% ($11) in the last month and decreased by 3.8% ($66) over the past year.
The rental market in Philadelphia, PA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Philadelphia, PA, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 2,060 rental properties available in Philadelphia, PA.
Based on the current averages, a household would need an annual income of $76,160 to comfortably afford a 2-bedroom house in Philadelphia.
