Average Rent in Philadelphia, PA

Philadelphia offers big-city amenities at mid-tier prices. The city has been strengthening tenant protections in recent years and offers diverse neighborhoods from historic row homes to modern high-rises.

+2.0%YoY

Studio

$1,300

1-Bedroom

$1,550

2-Bedroom

$1,950

3-Bedroom

$2,400

Market Overview

Year-over-Year Change+2.0%

Vacancy Rate5.8%

Renter Population47%

Median Income$49,127/yr

Rent-to-Income Ratio37.9%

Cost of Living Index102 (US avg: 100)

Market Condition

Balanced Market

Market is relatively balanced between landlords and tenants.

Tenant Protections

Good Cause eviction protections
Security deposit limitations
Lead paint disclosure requirements
Source of income discrimination prohibited
Rental license requirement for landlords

HUD Fair Market Rent (2025)

Fair Market Rent (FMR) is set by the U.S. Department of Housing and Urban Development for the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.

Studio

$895

1-Bed

$1,068

2-Bed

$1,285

3-Bed

$1,652

4-Bed

$1,865

Rent by Neighborhood in Philadelphia

Center City

Downtown core with world-class restaurants, arts, and walkability.

Walk Score: 97Safety: 7/10

1-Bed

$2,000

2-Bed

$2,500

3-Bed

$3,100

Fishtown

Trendy neighborhood with craft beer, music venues, and converted row homes.

Walk Score: 82Safety: 6/10

1-Bed

$1,600

2-Bed

$2,000

3-Bed

$2,500

University City

Academic hub with Penn, Drexel, restaurants, and innovation campus.

Walk Score: 85Safety: 6/10

1-Bed

$1,500

2-Bed

$1,900

3-Bed

$2,300

Northern Liberties

Redeveloped area with restaurants, Piazza event space, and waterfront access.

Walk Score: 80Safety: 6/10

1-Bed

$1,700

2-Bed

$2,100

3-Bed

$2,600

South Philadelphia

Italian Market, cheesesteaks, and strong neighborhood character.

Walk Score: 75Safety: 6/10

1-Bed

$1,300

2-Bed

$1,700

3-Bed

$2,100

Buildings in Philadelphia

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Tips for Renting in Philadelphia

1Philly wage tax (3.75%) affects your effective income - factor it into rent budget
2Row homes often have lower rent than apartments and more space
3SEPTA access varies greatly by neighborhood - check transit before committing
4Fair Housing protections include source of income discrimination prohibition