Coming ahead of Denver, Atlanta, and Long Beach, Philadelphia ranked as the 15th most expensive city to rent in the nation. The price of one bedrooms fell a slight 0.7% to $1,400, while two bedrooms fell 1.8% to $1,600.
While North Philadelphia West and East Parkside had the fastest growing rents since last quarter, both up around 13%, Bella Vista – Southwark and Lanning Square saw the biggest rent dips, down around 11%.
This fall, Logan Square continued to reign as the most expensive neighborhood to rent with one bedrooms priced at $1,900. University City ($1,700), Avenue of the Arts North ($1,640), and Center City West ($1,630) followed as the next priciest areas. More affordable rentals, priced under $1,200, could be found in Point Breeze in the southern portion of the city, Spruce Hill in the western portion, and West Kensington in the northern portion.
On Camden, all neighborhoods were priced under $1,000 with the most affordable being Morgan Village, Parkside, and Gateway.
If you’re interested in how Philadelphia apartments for rent compare with the rest of the nation’s, check out our November National Rent Report, which analyzes over 1 million active listings available in the prior month.
To keep up to date with rent changes across the country, like or follow us on Facebook, Twitter, or Pinterest. In the market for a new place? Search all Philadelphia apartments for rent on Zumper now.
For a refresher on how we analyze our rental data, view our methodology blog post here.
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