Craigslist Apartments In Philly (2024)

FAQs

What is the rental market in Philadelphia? ›

The average rent for apartments in Philadelphia, PA, is between $1,257 and $2,015 in 2024. For a studio apartment in Philadelphia, PA, the average rent is $1,257. When it comes to 1-bedroom apartments, the average rent in Philadelphia, PA, is $1,815. For a 2-bedroom apartment, the average rent is $2,015.

Rent Philly is a Condo Shops (TCS) Rental Portal. We are the largest purveyor of the finest apartment and condominium rentals in the Philadelphia Area.

As of April 2022, the average rent in the U.S. is roughly $1,927.00, $1,822.00 in Greater Philadelphia, and $1,659.00 in the City of Philadelphia. Prior to the pandemic it took two-plus years for average rents to increase by $100, but in the year from April 2021 to April 2022 average rents increased by $197.

The median salary in Philadelphia, PA is $64,006, with 80% of salaries falling between $28,754 and $147,900. Salaries in Philadelphia, PA are generally above the national average.

As of August 2024, the average rent in Philadelphia, PA is $1,698 per month. For comparison, the national average rent price in the US is currently $1,536/month, which means Philadelphia rent prices are 11% higher than the national average.

Landlords will ask for: your past few pay stubs and/or bank statements as well as previous residences and references. If you are a student or international, you may have to show an offer or admission letter instead of pay stubs.

Affordable housing is generally private housing for lower- to moderate-income tenants that costs no more than 30% of their income. Public or subsidized housing is housing that is owned and operated or paid for by the government.

Among the many cities around the United States, Philadelphia stands out as an advantageous market for rental property investment. A lot of investors are taking an interest in Philadelphia. Some of them are local and others are buying properties here from out of state. Why are people making the move to our city?

Is Philadelphia a landlord-friendly city? Philadelphia, while having specific regulations in place, provides a framework for landlords to operate. The city emphasizes compliance with housing regulations and provides guidelines to ensure a fair and safe environment for both landlords and tenants.

The median rent in Philadelphia rose by 0.1% over the course of July, and has now increased by a total of 0.8% over the past 12 months. Philadelphia's rent growth over the past year has is similar to the state average (1.1%) and has outpaced the national average (-0.8%).

What is the vacancy rate in Philadelphia PA? ›

Population trends

Among 19133 residents, there is a homeowner vacancy rate of 1.4% and a rental vacancy rate of 2.6% from a total of 10,913 units.