The Zumper Philadelphia Metro Report analyzed over 13,500 active listings in February across the 3 metro cities to show the most and least expensive cities and cities with the fastest growing rents.
Cities Ranked By Rent
Rankings
– Philadelphia, PA was the most expensive city to rent in the Philadelphia-Camden-Wilmington metro area, with a one bedroom median of $1,350.
– Wilmington, DE was second on the list with a median one bedroom rent of $860.
– Camden, NJ ranked as the third priciest city in the area. Rent for a one bedroom apartment was $760 this month.
Yearly Growth Rate
– Philadelphia, PA rents had the highest yearly growth rate at 9.8%.
– Wilmington, DE, close behind Philadelphia, had rents up 8.9% since this time last year, making it the second fastest growing city in the metro.
– Camden, NJ yearly growth rates were far behind the other two cities. Median rent was up a slight 2.7% since this time last year.
Full Data
About
The Zumper Philadelphia Metro Report analyzed over 13,500 Philly apartments for rent that hit the market in February 2017. Listings are aggregated by city to calculate median asking rents.
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