What is the Average Rent of a 1-Bedroom Apartment in Philadelphia?

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Looking to rent a 1 bedroom apartment in Philadelphia? The rent you pay will depend on a variety of factors including location, size, amenities, and much more.

The average rent of a 1 bedroom apartment in Philadelphia is currently $1,385.00, but there are plenty of 1 bedroom apartments that cost in excess of $2,000. There are also apartments that cost less in more affordable neighborhoods across the city.

On a per square foot basis, the average 1 Bedroom apartment in Philadelphia costs $1.95 per square foot, which means the average apartment size for a 1 Bedroom in Philadelphia is about 710 square feet. Again, this varies based on the apartment layout and building design.

What to Look for When Considering a 1-Bedroom Apartment?

Some of the things to look for when considering a 1-bedroom apartment include –

Neighborhood

Location, Location, Location. Some Philly neighborhoods cost more than others so you will need to decide the best ones based on your budget, circumstance, lifestyle, workplace, and preferences.

Crime Rate of Neighborhood

Neighborhoods with lower crime rates are usually in higher in demand, and tend to be more expensive. Of course, no neighborhood is ever crime free.

Size of Apartment

In general, a larger sized apartment will cost more than a smaller apartment so be sure to consider this when selecting a size.

Type of Community

What type of apartment community are you looking at? Do you prefer garden-style apartment, mid-rise, or high-rise apartment building? Do you prefer a private entrance where you walk directly into your apartment or an elevator building? Be sure to check the type of community and make sure it fits into your lifestyle needs.

Amenities Available in Apartment Complex

What amenities are available? Common apartment complex amenities include on-site parking, swimming pools, walking paths, fitness centers, clubhouses, garden spaces, and more.

What amenities do you want inside the apartment unit? Some popular amenities include balcony, washer/dryer, central air conditioner, open floor plans.

Though a 1-bedroom apartment may be the ideal choice for you, not all are the same. Be sure to do enough research to help you make the best decision when selecting a 1 Bedroom Apartment.

*Rent Data last pulled from Costar Analytics August 2020


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