The Zumper Philadelphia Metro Report analyzed active listings last month across metro cities to identify the most and least expensive cities and cities experiencing the fastest rent growth. The Pennsylvania one bedroom median rent was $1,276 last month.
The Most Expensive
- Princeton, NJ ranked as the most expensive city with one-bedrooms priced at $2,990.
- Wilmington, DE was the second priciest with rent at $1,910.
- Bethlehem, PA came in third with rent at $1,750.
The Least Expensive
- Reading, PA was the most affordable city with one-bedrooms priced at $1,000.
- Allentown, PA was the second least expensive with rent at $1,300.
- Atlantic City, NJ was third with rent at $1,500.
The Fastest Growing (Y/Y%)
- Wilmington, DE had the fastest growing rent, up 20.9% since this time last year.
- Trenton, NJ saw rent climb 17.1%, making it the second fastest growing.
- Princeton, NJ was third with rent increasing 15.9%.
The Fastest Growing (M/M%)
- Bethlehem, PA had the largest monthly growth rate, up 6.1%.
- Princeton, NJ was second with rent climbing 5.3%.
About
The Zumper Philadelphia Metro Report analyzed active listings that hit the market last month. Listings are aggregated by city to calculate median asking rents.
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