Is Rent Expensive in Philadelphia?

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Is Rent Expensive in Philadelphia? | Philadelphia Skyline | www.phillyaptrentals.com

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Rent in Philadelphia is surprisingly reasonable compared to other large major metropolitan cities like New York, Boston, and Washington D.C.

Like every city, rent in some neighborhoods is higher than others. The good news is there are some great apartments in virtually all geographic areas of the city.

What are the Most Expensive Neighborhoods in Philadelphia?

The most expensive Philly neighborhoods tend to be those in and around Center City. Some of the priciest neighborhoods in the city include:

  • Rittenhouse Square – average rent $2,980 for 2 Bedroom
  • Society Hill – $2,820 for 2 Bedroom
  • Washington Square West – $3,500 for 2 bedroom

What are the Most Affordable Neighborhoods in Philadelphia?

While there are some pricey neighborhoods, you are also likely to find some great areas to live in on a tighter budget. Some of the most affordable, yet most popular and desirable neighborhoods for renters in the city of Philly tend to be:

  • Bustleton – $1,281 for 2 bedroom
  • Somerton – $1,277 for 2 bedroom
  • Fox Chase – $1,208 for 2 bedroom
  • Roxborough – $1,560 for 2 bedroom

Quite often Philadelphia apartments are larger in size or square footage as well.

Why Live in Philadelphia?

Philadelphia is one of the best cities to live in the U.S. because it offers so many lifestyle opportunities at an affordable price. From history and culture to outdoor living with a plethora of parks and playgrounds to a degustation of culinary wonders, there is no dearth of exciting things to do in the city.

The best part is that you can enjoy all these features without having to pay the same rent as you would in a city like New York, Boston or Washington D.C. It is also has a robust employment market with a huge specialization in education and medical fields.

If you are thinking of making a move to Philly for work or to settle down, take the time to research as many neighborhoods as possible so you can finally choose something that fits into your lifestyle needs.

Last Updated: January 2022 (Rent Data)

 

Is Rent Expensive in Philadelphia? | Philadelphia Skyline | www.phillyaptrentals.com

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