University of Pennsylvania

Philadelphia, PA

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University of Pennsylvania - Philadelphia, PA

Area Guide

A culture of peerless scholarship since 1740

Private Ivy League Historic Walkable Public Transportation Septa Trolley

Founded by none other than Benjamin Franklin in 1740, Penn is one of America’s most historic and prestigious universities. Students not only get the benefit of an Ivy League education, but the campus location provides direct access to all the resources and attractions in the heart of Philadelphia. The University Museum is one of the premier archaeological galleries in the nation, and the many of the gorgeous campus buildings are included in the University of Pennsylvania Historic District.

The Powelton Village and Spruce Hill neighborhoods are popular areas for students and faculty members to seek housing, with both offering convenient access to the campus. However, folks seeking to balance their time between the university and the Center City area may want to consider looking for apartments on the east bank of the Shuykill River—rent tends to be a little pricier on this side, but Philadelphia’s finest attractions will be in your backyard and the university is just a short walk or trolley ride across the Market Street bridge.

Rent Trends

As of August 2025, the average apartment rent in Philadelphia, PA is $1,395 for a studio, $1,750 for one bedroom, $2,201 for two bedrooms, and $3,072 for three bedrooms. Apartment rent in Philadelphia has increased by 1.5% in the past year.

  • Studio

  • 451 sq ft

    Average Sq Ft

  • $1,395/month

    Average Rent

  • 1 BR

  • 667 sq ft

    Average Sq Ft

  • $1,750/month

    Average Rent

  • 2 BR

  • 965 sq ft

    Average Sq Ft

  • $2,201/month

    Average Rent

  • 3 BR

  • 1,345 sq ft

    Average Sq Ft

  • $3,072/month

    Average Rent

Transportation

84

Very Walkable

out of 100 WalkScore® Rating

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.

73

Excellent Transit

out of 100 TransitScore® Rating

You’ll have excellent transit living in this area, with several nearby transit stops.

75

Very Bikeable

out of 100 BikeScore® Rating

This area is very bikeable. You’ll find a variety of bike paths and lanes.

Schools

Masterman Julia R Secondary School

Public

Grades 5-12

1,186 Students

Penn Alexander School

Public

Grades K-8

579 Students

Greenfield Albert M School

Public

Grades K-8

683 Students

McCall Gen George A School

Public

Grades K-8

628 Students

Girard Academic Music Program (GAMP)

Public

Grades 5-12

579 Students

Masterman Julia R Secondary School

Public

Grades 5-12

1,186 Students

Penn Alexander School

Public

Grades K-8

579 Students

Carver High School

Public

Grades 7-12

897 Students

Meehan Austin Middle School

Public

Grades 7-8

698 Students

Greenfield Albert M School

Public

Grades K-8

683 Students

Central High School

Public

Grades 9-12

2,364 Students

Masterman Julia R Secondary School

Public

Grades 5-12

1,186 Students

Academy At Palumbo

Public

Grades 9-12

1,179 Students

Parkway-Center City

Public

Grades 9-12

436 Students

Carver High School

Public

Grades 7-12

897 Students

Points of Interest

Parks and Recreation

  • Penn Museum
  • University of Pennsylvania Observatory
  • Schuylkill River Park
  • Franklin Institute
  • Fels Planetarium

Airports

  • Philadelphia International
  • Trenton Mercer

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.