2,313

Studio Apartments for Rent in Philadelphia, PA

Section Image
  • /70

    Starting at $2,095 Per Month

    • Studio - 2 Beds

    1213 Walnut St, Philadelphia, PA 19107

    Modern apartment living with a perfect balance of majestic social spaces and refined personal comforts. Choose from a variety of studio, 1 and 2 bedroom open floor plans - all with opulent finishes and appliances. Penthouse apartments are also available with 10-ft+ ceiling heights and upgraded finishes.Meet new friends in our lounge, game room, lobby or 25th floor rooftop terrace with

    1213 Walnut

    (856) 263-5517

    1213 Walnut St, Philadelphia, PA 19107
  • /80

    Starting at $1,311 Per Month

    • Studio - 2 Beds

    510 N Broad St, Philadelphia, PA 19130

    Nestled in the heart of Philadelphia's Avenue of the Arts neighborhood, LVL North offers a home built with creative details, modern features, and sleek design. Offering spacious studio, one, and two-bedroom Philadelphia apartment homes, LVL North is an artful blend of stylish apartments and luxury living.Inside you will find state-of-the-art amenities and beautifully appointed living spaces.

    LVL North

    (856) 672-7811

    510 N Broad St, Philadelphia, PA 19130
  • /61

    Starting at $1,345 Per Month

    • Studio - 2 Beds

    1410 N 31st St, Philadelphia, PA 19121

    The Hub at 31 Brewerytown offers 201 state-of-the-art studio, 1 & 2 bedroom apartment homes. These brand-new spacious floor plans are designed with top-of-the-line fixtures and finishes. The Hub offers indoor & outdoor amenity space including a dynamic health and wellness fitness center, equipped with cutting-edge technology, a resort pool, outdoor kitchen with BBQ area, fire pit lounges, & our

    The Hub at 31 Brewerytown

    (267) 763-3224

    1410 N 31st St, Philadelphia, PA 19121
  • /49

    Starting at $1,695 Per Month

    • Studio - 4 Beds

    901 N 9th St, Philadelphia, PA 19123

    The Poplar, located adjacent to the vibrant Northern Liberties neighborhood of Philadelphia, was originally built in 1918 and served as a warehouse for the premier department store, Strawbridge & Clothier's Center City flagship store. Recently launched, The Poplar features 285 brand-new apartments, adjacent parking and the expansive Solmar rooftop terrace full of panoramic city and waterfront

    The Poplar

    (856) 770-2801

    901 N 9th St, Philadelphia, PA 19123
  • /52

    Starting at $1,640 Per Month

    • Studio - 2 Beds

    4125-4136 Chestnut St, Philadelphia, PA 19104

    With a focus on privacy and individual living, Uno on Chestnut's pet-friendly student apartments includes furnished and unfurnished studio, one, and two-bedroom apartments. With a green roof deck and lounge areas scattered throughout the building, you can always escape the privacy of your apartment to spend time with your friends and neighbors. Now Leasing for Fall 2026!

    Uno on Chestnut

    (484) 494-2093

    4125-4136 Chestnut St, Philadelphia, PA 19104
  • /37

    Starting at $1,160

    Total Monthly Price

    • Studio - 4 Beds

    2930 Chestnut St, Philadelphia, PA 19104

    There's student housing in Philadelphia. And then there's Evo at Cira Centre South. At Evo at Cira Centre South, there’s something for everyone. Whether you’re looking for student housing in Philadelphia or your first apartment as a young professional, prefer to live alone or enjoy the company and camaraderie of roommates, like on-site activities or want to explore all that the city has to offer,

    Evo at Cira Centre South

    (866) 528-4345

    2930 Chestnut St, Philadelphia, PA 19104
  • /49

    Starting at $2,335 Per Month

    • Studio - 3 Beds

    3025 John F. Kennedy Blvd, Philadelphia, PA 19104

    Experience elevated living with our thoughtfully designed studio to 3-bedroom luxury rentals in Philadelphia. Expansive views, a use of timeless materials and spacious layouts bring in a new standard of living to University City. At Avira, you'll discover an amenity collection designed for the life you want to live with over 29,000 square feet of indoor and outdoor lifestyle amenities. From

    Avira

    (856) 443-4640

    3025 John F. Kennedy Blvd, Philadelphia, PA 19104
  • /106

    Starting at $1,601

    Total Monthly Price

    • Studio - 2 Beds

    500 N 18th St, Philadelphia, PA 19130

    Welcome home to NorthXNorthwest, where convenience meets luxury living. Located in Philadelphia's charming Fairmount neighborhood, just a mile and a half from Center City you can have it all. NorthXNorthwest's offers thoughtfully designed studio, 1 and 2 bedroom apartments and endless amenities such as a full-service fitness center, cozy fireplace lounge, business pods, and an expansive rooftop

    North X Northwest Apartments

    (856) 249-3689

    500 N 18th St, Philadelphia, PA 19130
  • /105

    Starting at $1,595 Per Month

    • Studio - 3 Beds

    1000 W Girard Ave, Philadelphia, PA 19123

    Bold and airy, classic yet contemporary, around every corner you will find a stroke of brilliant design and finishes that can only be distinctive of a luxurious lifestyle. Every Veranda designer home is guaranteed to suit your individual style.Stay in for an evening of entertainment under the stars on your new rooftop deck and overlook the Philadelphia skyline or entertain in your

    Veranda Apartments

    (267) 763-3639

    1000 W Girard Ave, Philadelphia, PA 19123
  • /38

    Starting at $1,099 Per Month

    • Studio - 3 Beds

    2301 Woodward St, Philadelphia, PA 19115

    Welcome to your new home at The Revere Apartments!The Revere Apartments offers a wide selection of innovatively designed apartment homes. Choose from a variety of floor plans to find the perfect fit for your lifestyle. The Revere Apartments offers unlimited possibilities to reflect your lifestyle. Discover the many ways to make The Revere Apartments your home. From modern living areas to

    The Revere Apartments

    (856) 492-6693

    2301 Woodward St, Philadelphia, PA 19115
  • /24

    Starting at $1,267

    Total Monthly Price

    • Studio - 3 Beds

    7600 Stenton Ave, Philadelphia, PA 19118

    Welcome to Chestnut Hill Tower. We offer beautiful studio, one, two, and three bedroom apartments in Philadelphia, Pennsylvania, that cater to your distinctive style. Life in the city doesn't get much better than this - from our chef-inspired kitchens to panoramic views of the city skyline. Schedule an in-person tour with our friendly leasing team and experience life at Chestnut Hill Tower.

    Chestnut Hill Tower

    (267) 627-3842

    7600 Stenton Ave, Philadelphia, PA 19118
  • /147

    Starting at $1,642 Per Month

    • Studio - 3 Beds

    1500-1514 Locust St, Philadelphia, PA 19102

    Ready to be perched 45 stories above Rittenhouse Square, in the heart of Center City and around the corner from Walnut Street? At 1500 Locust, that's exactly where you'll be — in a lively mosaic of best-in-class everything from top to bottom that puts the city's finest right in your backyard. With a variety of modern finishes, recently renovated residences, generous layouts, and a rooftop

    1500 Locust

    (856) 672-5772

    1500-1514 Locust St, Philadelphia, PA 19102
  • /107

    Starting at $1,700 Per Month

    • Studio - 3 Beds

    150 S Independence Mall W, Philadelphia, PA 19106

    Welcome to The Ledger, a premier luxury rental building in Philadelphia that is built to fit your lifestyle. The Ledger effortlessly blends home and community with the conveniences of a prime Center City location. The Ledger team is dedicated to delivering a lifestyle of convenience. Designed for living, work, and play, our complete list of amenities includes lifestyle bonuses for you and your

    The Ledger Residences

    (856) 666-7568

    150 S Independence Mall W, Philadelphia, PA 19106
  • /48

    Starting at $1,425 Per Month

    • Studio - 2 Beds

    4021 Ridge Ave, Philadelphia, PA 19129

    At Dobson Scotts Luxury Apartment Homes, you will discover a lifestyle of luxury that meets convenience in the heart of East Falls, PA. Dobson Scotts is conveniently located 2 and a half miles from Center City and a few minutes walk from the Schuykill River Walk, offering urban living without the hustle and bustle of the city. Reach out today for more information on our community, including

    Dobson Scotts

    (215) 977-4858

    4021 Ridge Ave, Philadelphia, PA 19129
  • /56

    Starting at $1,590 Per Month

    • Studio - 2 Beds

    4701 Pine St, Philadelphia, PA 19143

    Set on charming Pine Street in West Philadelphia, Garden Court Towers Apartments are conveniently located in the University City neighborhood and feature a great mix of studio, one, and two bedroom units.

    Garden Court Towers

    (856) 249-2351

    4701 Pine St, Philadelphia, PA 19143
  • /35

    Starting at $1,099 Per Month

    • Studio - 3 Beds

    780 S 52nd St, Philadelphia, PA 19143

    Live divine at The Irvine – West Philadelphia's luxurious new address, where floor-to-ceiling windows meet cutting-edge sustainability , and designer finishes flow through spectacularly open layouts. Here, your morning coffee comes with a side of city views, and your evenings unfold in our stunning outdoor lounge. Our eco-smart building houses more than just apartments; it's home to a community

    The Irvine

    (856) 666-8944

    780 S 52nd St, Philadelphia, PA 19143
  • /54

    Starting at $1,420 Per Month

    • Studio - 2 Beds

    4233 Chestnut St, Philadelphia, PA 19104

    At SOLO on Chestnut 4233, we aim to put our tenants’ comfort first. That is why all our units come with a built-in washer and dryer along with a complete set of stainless steel appliances. Our thoughtfully designed common areas include multiple study and game rooms to help you maintain a healthy work-life balance along with a huge green roof deck to help bring people together.

    SOLO on Chestnut - 4233

    (484) 497-2770

    4233 Chestnut St, Philadelphia, PA 19104
  • /128

    Starting at $1,496 Per Month

    • Studio - 3 Beds

    1099 Germantown Ave, Philadelphia, PA 19123

    The newest addition to The Piazza, Alta, is a collection of residences thoughtfully designed to set a new standard for city living. Offering a wide array of layouts – from studios to penthouses – and four different finish schemes, including Timeless, Scandinavian, Sleek, and Penthouse, each apartment offers spectacular light and air. In addition to its premier Northern Liberties location,

    Piazza Alta

    (833) 674-1491

    1099 Germantown Ave, Philadelphia, PA 19123
  • /47

    Starting at $1,700

    Total Monthly Price

    • Studio - 3 Beds

    700 N Delaware Ave, Philadelphia, PA 19123

    Introducing Beach Street Landing, a hospitality-driven living experience coming soon to Philadelphia’s Northern Liberties neighborhood featuring an amenity collection that leaves nothing to be desired, including exciting resident event programming, and a new pedestrian plaza.

    Beach Street Landing

    (856) 644-7798

    700 N Delaware Ave, Philadelphia, PA 19123
  • /35

    Starting at $1,395 Per Month

    • Studio - 2 Beds

    633 W Rittenhouse St, Philadelphia, PA 19144

    Located in East Falls, Philadelphia, Rittenhouse Hill apartments offer the best combination of sophisticated style, scenic views, and modern amenities. Each apartment features an open layout, hardwood floors, Euro-style kitchen, washer and dryer, and energy star appliances. Rittenhouse Hill is also home to The Ultimate Backyard, which includes a year-round infinity pool, hot tub, multi-use sports

    Rittenhouse Hill

    (267) 763-3293

    633 W Rittenhouse St, Philadelphia, PA 19144
  • /4

    Starting at $1,800 Per Month

    • Studio - 2 Beds

    1389 N American St, Philadelphia, PA 19122

    Our Fishtown, Philadelphia apartments are right next to Northern Liberties and offered in studio, one and two bedroom designs, each equipped with luxurious amenities and exquisite features and finishes. Our gourmet kitchens are designed with convenience and style in mind, featuring quartz counter tops, under-mount stainless steel sinks, and stainless steel Energy Star Whirlpool/GE appliances.

    Dwell at Second Street

    (856) 644-3493

    1389 N American St, Philadelphia, PA 19122
  • /60

    Starting at $1,700 Per Month

    • Studio - 2 Beds

    1321 N American St, Philadelphia, PA 19122

    Our Fishtown, Philadelphia apartments are right next to Northern Liberties and offered in studio, one and two bedroom designs, each equipped with luxurious amenities and exquisite features and finishes. Our gourmet kitchens are designed with convenience and style in mind, featuring quartz counter tops, under-mount stainless steel sinks, and stainless steel Energy Star Whirlpool/GE appliances.

    Dwell 2nd Street

    (856) 666-2111

    1321 N American St, Philadelphia, PA 19122
  • /62

    Starting at $1,690

    Total Monthly Price

    • Studio - 3 Beds

    315 N 12th St, Philadelphia, PA 19107

    Experience luxurious city living with our rooftop pool, hot tub, and sundeck all overlooking an unmatched city view. Residents also enjoy a fully-equipped fitness center, a dog run, on-site parking, 24/7 concierge, and a lounge/co-working space.

    Goldtex

    (215) 978-9123

    315 N 12th St, Philadelphia, PA 19107
  • /54

    Starting at $1,438

    Total Monthly Price

    • Studio - 2 Beds

    4519 Chestnut St, Philadelphia, PA 19139

    Now presenting The Clark - elevated residences with style and intrigue. We've got it all (and you will, too) - a rich history, spirited community, bespoke amenities, and service that doesn't skip a beat. Full of ambiance and intrigue, The Clark is the perfect setting to call home. Affordable Units Available. Restrictions Apply.

    The Clark

    (484) 603-3719

    4519 Chestnut St, Philadelphia, PA 19139
  • /49

    Starting at $1,600

    Total Monthly Price

    • Studio - 2 Beds

    4300 Kelly Dr, Philadelphia, PA 19129

    The Driftway's luxury waterfront apartments offer a one-of-a-kind vantage to experience all the best of Philadelphia. Understanding the unique advantages of residing in East Falls, it is it our goal to pioneer a space that blends the conveniences of a luxury hotel with apartment living. Get the excitement of city life as well as the benefits of the great outdoors.

    The Driftway

    (484) 572-4314

    4300 Kelly Dr, Philadelphia, PA 19129
  • /68

    Starting at $1,274 Per Month

    • Studio - 3 Beds

    3800-3900 City Ave, Philadelphia, PA 19131

    Discover luxury living at Presidential City, where stylish design meets unmatched comfort in Philadelphia. Choose from spacious studio, one, two, and three-bedroom apartments with sunlit interiors and premium finishes. Enjoy sleek kitchens with stainless steel appliances and quartz countertops, plus bathrooms with Italian tile and soaking tubs. Beyond the apartment, indulge in resort-style

    Presidential City

    (267) 682-8744

    3800-3900 City Ave, Philadelphia, PA 19131
  • /24

    Starting at $2,420 Per Month

    • Studio - 2 Beds

    200 S Broad St, Philadelphia, PA 19102

    The Residences at The Bellevue is a collection of Parisian-inspired apartment homes in the iconic and newly-reimagined Bellevue Hotel in Center City. Residents receive direct access and a free membership to The Sporting Club, featuring over 100,000 square feet of athletic, wellness and social spaces. With 190+ weekly group classes, a rooftop deck, racquet sports, three golf simulators, and more,

    The Residences at The Bellevue

    (215) 714-1441

    200 S Broad St, Philadelphia, PA 19102
  • /53

    Starting at $1,376 Per Month

    • Studio - 3 Beds

    1300 Fairmount Ave, Philadelphia, PA 19123

    Experience premium apartment living at Broadridge, where contemporary style and unique community spaces come together in Philadelphia’s Fairmount neighborhood. Choose from studio, one-, two-, and three-bedroom apartment homes with thoughtfully designed layouts and stylish finishes. Enjoy exceptional amenities including a Skydeck lounge with sweeping city views, a fully equipped fitness center,

    Broadridge

    (610) 553-3384

    1300 Fairmount Ave, Philadelphia, PA 19123
  • /92

    Starting at $1,210

    Total Monthly Price

    • Studio - 2 Beds

    1999 E Boston St, Philadelphia, PA 19125

    Hand-selected with you in mind, the state-of-the-art luxuries and chic urban residences of Hagert & York deliver a thrilling lifestyle to the heart of Fishtown. Here, a transit-friendly location where anything is possible allows for seamless daily transitions, while bringing unforgettable Fishtown experiences right to your doorstep.

    Hagert and York

    (267) 682-8779

    1999 E Boston St, Philadelphia, PA 19125
  • /79

    Starting at $1,695

    Total Monthly Price

    • Studio - 2 Beds

    200 Spring Garden St, Philadelphia, PA 19123

    Come live at The Noble, a new corner in town, where tradition gets flipped upside down. We embrace uniqueness, celebrate individuality, and our spaces are a canvas to express your personality. We're more than a place to call home, as you will soon see.Break a sweat at City Fitness, it’s at your front door. Or take the Market-Frankford Line somewhere you haven’t before. Unwind on the pool deck,

    The Noble

    (267) 415-8501

    200 Spring Garden St, Philadelphia, PA 19123
  • /49

    Starting at $1,850 Per Month

    • Studio - 3 Beds

    322-344 N Broad St, Philadelphia, PA 19102

    322 on North Broad offers upscale studio, one-, two-, and three-bedroom apartment homes for rent in trendy downtown Philadelphia, PA. Featuring four unique and luxurious interior finish packages, each sophisticated and spacious apartment offers granite or quartz countertops, stainless steel appliances, designer cabinetry, and wood plank flooring. Here, residents also enjoy access to contemporary

    322 on North Broad

    (610) 632-5339

    322-344 N Broad St, Philadelphia, PA 19102
  • /44

    Starting at $1,671 Per Month

    • Studio - 3 Beds

    1001 S Broad St, Philadelphia, PA 19147

    Impeccable design. Exquisite amenities. An emblem of sophisticated living. This grand mansion connects the Avenue of the Arts to the vibrant East Passyunk and historic Italian Market neighborhoods. One Thousand One is a residential destination here to make its mark on the Philadelphia skyline.

    One Thousand One

    (856) 644-7175

    1001 S Broad St, Philadelphia, PA 19147
  • /128

    Starting at $1,740 Per Month

    • Studio - 2 Beds

    417 Callowhill St, Philadelphia, PA 19123

    A boutique residential gem nestled in a transformative Philly neighborhood, The Keystone stands between Old City and Northern Liberties, with easy access to Fishtown and Center City. Whether you prefer walking, biking, driving, or public transit, your lifestyle flows seamlessly thanks to our prime location and accessibility. With impressive Walk and Transit Scores of 91 and 100 respectively, The

    The Keystone Apartments

    (215) 714-7824

    417 Callowhill St, Philadelphia, PA 19123
  • /55

    Starting at $2,000

    Total Monthly Price

    • Studio - 3 Beds

    145 E City Ave, Bala Cynwyd, PA 19004

    Perfectly poised at the gateway to the Main Line, just steps from City Avenue, Blayr offers a premier address with seamless access to major highways, regional transit, and the vibrant heart of downtown Philadelphia. Inside our studio, one, two, and three-bedroom residences open wide with airy layouts, refined finishes, and a quietly sophisticated materials palette designed to elevate daily

    Blayr

    (484) 435-8896

    145 E City Ave, Bala Cynwyd, PA 19004
  • /53

    Starting at $1,590 Per Month

    • Studio - 3 Beds

    135 S 19th St, Philadelphia, PA 19103

    Residents at The Wellington enjoy a 24 hour doorman, on-site management, and the unique distinction of living on Rittenhouse Square. The 15 story building has 115 homes and features studio, one, two and three bedroom apartments many overlooking the square. Many of the homes have been renovated with hardwood floors, stainless steel appliances, granite countertops, and updated bathrooms. The

    The Wellington

    (267) 415-4182

    135 S 19th St, Philadelphia, PA 19103
  • /75

    Starting at $1,892

    Total Monthly Price

    • Studio - 2 Beds

    1101 Ludlow St, Philadelphia, PA 19107

    At The Ludlow East Market, you’re perfectly positioned to take advantage of all the city has to offer. The Ludlow East Market bridges Philadelphia’s historic and business districts with a tower imbued with an ambience of understated elegance. This sophisticated tower is your sanctuary, where you can leave the city behind and relax amid a host of amenities and conveniences. The third floor terrace

    The Ludlow

    (267) 415-4639

    1101 Ludlow St, Philadelphia, PA 19107
  • /43

    Starting at $1,080 Per Month

    • Studio - 2 Beds

    4247 Locust St, Philadelphia, PA 19104

    Fairfax Apartments offers comfortable city living in the Spruce Hill neighborhood, just minutes from University City and near University of Pennsylvania and Drexel University. Choose from studio, one-, and two-bedroom apartment homes featuring spacious layouts, abundant natural light, and select residences with updated interiors.Residents enjoy convenient amenities including on-site

    Fairfax Apartments

    (610) 632-1063

    4247 Locust St, Philadelphia, PA 19104
  • /50

    Starting at $1,684 Per Month

    • Studio - 2 Beds

    1203 Germantown Ave, Philadelphia, PA 19122

    Liberty Square is Philadelphia’s most elevated development, featuring standout style, impeccable designs, and unparalleled luxury. Located at 236 W Thompson Street and 1203 Germantown Avenue, in the vibrant and ebullient Northern Liberties neighborhood, the 300,000 sq-ft project consists of three buildings above a 153-car underground parking garage.Liberty Square features first floor retail

    Liberty Square

    (267) 763-3463

    1203 Germantown Ave, Philadelphia, PA 19122
  • /62

    Starting at $1,059 Per Month

    • Studio - 2 Beds

    2201 Bryn Mawr Ave, Philadelphia, PA 19131

    As a resident of The Dane, you get to embrace an unmatchable world of comfort and convenience enhanced by refined interiors, remarkable amenities, and an excellent location in Philadelphia, PA. Relax in stunning, over-sized living spaces with spectacular views of the Philadelphia skyline. Amenities abound and the location is exceptional. Time to go big and come home to the Dane.Adorned with

    The Dane Apartments

    (267) 296-4110

    2201 Bryn Mawr Ave, Philadelphia, PA 19131
  • /31

    Starting at $1,295 Per Month

    • Studio - 2 Beds

    824 N 2nd St, Philadelphia, PA 19123

    Discover Luxury Living at The Conduit in Northern LibertiesThe Conduit offers premier city living at 820-824 N 2nd St in the heart of Northern Liberties. Choose from thoughtfully designed studio, one-, and two-bedroom apartments featuring contemporary finishes, open layouts, and abundant natural light.Exceptional AmenitiesRooftop Terrace Relax in a rooftop lounge with a

    The Conduit on 2nd

    (267) 627-6060

    824 N 2nd St, Philadelphia, PA 19123

Showing Results 1 - 40, Page 1 of 10

Why Live in Philadelphia

Philadelphia's rich history comes alive through iconic landmarks like Independence Hall, where the Declaration of Independence and U.S. Constitution were signed, and the Liberty Bell Center, a symbol of American independence. The city features extensive cultural attractions including the Philadelphia Museum of Art with its famous "Rocky Steps" and the Eastern State Penitentiary, an abandoned prison turned museum. Outdoor spaces include Fairmount Park, one of the largest urban parks in America, and Spruce Street Harbor Park where visitors relax in waterfront hammocks. The dining scene features acclaimed restaurants like Zahav, known for Israeli cuisine, and Vernick Food & Drink, serving seasonal American dishes in Rittenhouse Square.

The real estate landscape varies by neighborhood. Townhouses represent a significant portion of inventory in Fishtown, East Passyunk, and Queen Village, with median prices ranging from $388,000 in East Passyunk to $586,000 in Queen Village. Rittenhouse Square, Old City, and Society Hill feature many condos, with one bedroom median prices from $290,000 in Old City to $318,800 in Society Hill. Two bedroom condos command median prices up to $767,500 in Rittenhouse Square. Single family homes in Chestnut Hill have a median price of $975,000.

Philadelphia's cost of living measures 3.9% above the national average. A family with school age children needs approximately $110,000 annually to live comfortably, while renters should aim for $64,000. The property tax rate of 0.84% compares favorably to nearby Camden, New Jersey at 3.08%. The Pennsylvania state income tax rate stands at 3.07%. Public transportation via SEPTA includes buses, trolleys, and subway lines. Top rated public schools include Julia R. Masterman Laboratory and Demonstration School and Central High School. Major universities include the University of Pennsylvania, Temple University, and Drexel University.

Frequently Asked Questions

How much does it cost to rent a home in Philadelphia, PA?
The median rent for a home in Philadelphia, PA is $1,750 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Philadelphia, PA?
To comfortably afford the median rent in Philadelphia, PA, a household needs to earn roughly $70,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,750 per month in Philadelphia, PA, renters typically need to show $5,250 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Philadelphia, PA?
In Philadelphia, PA, the price-to-rent ratio is 13.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Philadelphia, PA are best for renting a home?
The best neighborhood for renting in Philadelphia, PA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Olde Kensington, Northern Liberties, Logan, Fairmount and Center City Market East, each with its own character and price range.

Rental Home Trends in Philadelphia, PA

Rental Home Trends

Number of Homes for Rent
397
Median Rent
$1,750
Median Single Family Home Rent
$1,795
Median Townhouse Rent
$1,750
Median Condo Rent
$1,678
How to Rent a Home