The average apartment rent in Philadelphia, PA: November 2022

Philadelphia is the oldest city in the United States, having been founded in 1682. Philadelphia is the sixth most populous city in the United States. Today, about 1.6 million people live here, and taking into account the agglomeration 6 million people. It is the most populated city in the state of Pennsylvania. Many architectural monuments have been preserved in the historical part of the city. Despite being a major economic center of Pennsylvania, the cost of living in Philadelphia is lower compared to other major US cities.

In this article, we look at the average rental prices for one and two-bedroom apartments in Philadelphia, PA as of November 2022. The average price for a one-bedroom apartment in Philadelphia is $1,420 per month. Philadelphia one-bedroom apartments are up +4.40% year-on-year (Nov 2021 to Nov 2022), while two-bed apartments are down -1.70%. Two-bedroom apartments in Philadelphia can be rented for an average of $1,700 per month as of November 2022.

The cheapest neighborhoods in Philadelphia include Kensington ($850/month for one-bedroom apartments), Cobbs Creek ($1,000/month) and Spruce Hill ($1,095/month).

The most expensive neighborhoods in Philadelphia include Logan Square ($2,135/month), Center City East ($2,095/month) and Northern Liberties – Fishtown ($1,950/month).