Affordability is important when considering which Philadelphia Neighborhood to live in. The most affordable and desirable neighborhoods in Philadelphia are: Bustleton, Somerton, Fox Chase, and Mt Airy. The first three neighborhoods are in an area known as Northeast Philadelphia. The later is in Northwest Philadelphia.* In fact, Bustleton and Fox Chase were ranked among hottest, affordable neighborhoods in the entire United States of America by Redfin.
To afford renting in these Philadelphia neighborhoods (with these average prices), using rent affordability rules of thumb, you’d need to earn approximately $45,000 to $48,000 salary for a 2 bedroom apartment.
Let’s take a look at each of these Philadelphia neighborhoods in more detail.
Most Affordable (first tier)
The average rent for a 1-bedroom unit in Bustleton is about $927 per month while the average rent of a 2-bedroom unit is $1,133 per month. Bustleton is known to be among the greenest neighborhoods in the Northeast part of the city – fringing Pennypack Park, which spans across 1,600 acres. There are plenty of entertainment activities and eateries on offer in the area and it is located in close proximity to Center City. It was also ranked among top 10 hottest affordable neighborhood in the entire United States.
The average rent of a 1-bedroom unit in Somerton is $964 per month while the average rent of a 2-bedroom unit is $1,184 per month. Somerton is in the Northeast (next to Bustleton) and has a good suburban-urban mix with a multitude of parks, eateries and cafes throughout various shopping centers.
The average rent of a 1-bedroom unit in Fox Chase is $886 per month while the average rent of a 2-bedroom unit is $1,124 per month. This family-friendly area in Northeast Philly, offers a quiet lifestyle with Fox Chase farm, Burholme Park, and Burholme Family Fun Center. It is also situated near Pennypack Park, and has a central commercial corridor. There are several apartment rental options in the Fox Chase Neighborhood.
The average rent of a 1-bedroom unit in Mt Airy is $982 per month while the average rent of a 2-bedroom unit is $1,215 per month. Just a 20-minute drive to Center City, Mt Airy boasts large leafy parklands, quiet streets and plenty of local businesses. Offering an urban-suburban lifestyle. Germantown Avenue has a nice mix of restaurants, businesses, and several pocket parks. It is also near by to many of the Northwest Philadelphia neighborhoods such as Chestnut Hill, East Falls, and Manayunk.
Affordable (second tier)
The average rent of a 1-bedroom unit in East Falls is $1,414 per month while the average rent of a 2-bedroom unit is $1,593 per month. East Falls sits in the Northwest part of the city and is outfitted with green open spaces with a mix of houses and apartments. Here, you will find bars, restaurants and shops, and it is very close to Center City.
The average rent of a 1-bedroom unit in Roxborough is $1,223 per month while the average rent of a 2-bedroom unit is $1,459 per month. Roxborough is just 10 miles from Center City and has green open spaces – making it popular with many families who like the idea of biking and walking in the local area without being too far from the city. Near by to Manayunk which has a central Main Street.
The average rent of a 1-bedroom unit in Roxborough is $1,360 per month while the average rent of a 2-bedroom unit is $1,629 per month. It was previously home to over 20 breweries – many of which have been converted into condos and apartments for everyone from families to professionals.
There are a lot of benefits to living in these wonderful and affordable neighborhoods – giving you the opportunity to enjoy an unparalleled family-friendly lifestyle without being too far from the bustle of downtown Philadelphia. Of course, there is more to consider than just affordability.
Check out our Philadelphia Neighborhood Guide to learn more about these and other neighborhoods in Philly. Find something within your budget and you’re well on your way to a great family life in this beautiful city.
*these neighborhoods take into account both rent and parking affordability