A studio apartment can be a great choice for someone who lives alone. It basically compromises of a single room inclusive of a sleeping area, living room, kitchen, and bathroom. The average rent of a studio apartment in Philadelphia is $1,193 (1).
How Much Does a Studio Apartment in Philadelphia Cost?
Though the average studio rent in Philadelphia is $1,193, this will vary depending on where you choose to live. Studio apartments in some areas of the city can cost over $1,700, while in other areas they can be cheaper.
The average cost of a studio apartment in Philadelphia is around $2.55 per square foot, which means the average size of a studio apartment in Philadelphia is about 468 square feet. While this is the average, you are likely to find smaller or larger studio apartments in different parts of the city.
What to Consider When Looking for a Studio Apartment?
When you decide to rent a studio apartment in Philadelphia, it’s important to consider these factors to make sure you’re headed in the right direction –
What is the Neighborhood Like?
Does the neighborhood meet your specific needs? For example, if you want outdoor, green spaces or if you prefer to be near public transport or workplaces. Are there enough things to do nearby?
Is Crime an Issue?
If crime is an issue in the area, you’ll notice that rents are significantly cheaper than average. While no neighborhood is crime free, make sure you check the crime rate of the general area.
How Big is the Apartment?
If the apartment is bigger than the average studio size, then you may have to pay more but if it is smaller, then it will likely be cheaper – depending on which neighborhood you choose.
What Does the Apartment Community Offer?
Does the apartment community give you a good vibe? Can you see yourself living there for the foreseeable future? Is it a well run apartment building?
What Amenities are Offered?
This depends on what you want. For example, if you are into fitness, then a swimming pool and fitness center may be important to you. If you have pets, then you may want a dedicated area for recreational activities for your furry friends. Do you need on-site parking for your car?
Consider all your options when choosing a studio apartment for your needs.
Check out this article for the average rent prices across all apartments in Philadelphia.
*Rent Data last from Costar August 2020