1213 Walnut
1213 Walnut St,
Philadelphia, PA 19107
$1,625 - $6,280
Studio - 2 Beds
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.
As of November 2025, the average apartment rent in Philadelphia, PA is $1,391 for a studio, $1,719 for one bedroom, $2,165 for two bedrooms, and $3,015 for three bedrooms. Apartment rent in Philadelphia has increased by 0.4% in the past year.
Studio
454 sq ft
Average Sq Ft
$1,391/month
Average Rent
1 BR
666 sq ft
Average Sq Ft
$1,719/month
Average Rent
2 BR
964 sq ft
Average Sq Ft
$2,165/month
Average Rent
3 BR
1,335 sq ft
Average Sq Ft
$3,015/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Masterman Julia R Secondary School
Public
Grades 5-12
1,186 Students
Public
Grades K-8
579 Students
Public
Grades K-8
683 Students
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
Public
Grades K-8
579 Students
Public
Grades 7-8
698 Students
Public
Grades K-8
683 Students
Public
Grades K-8
628 Students
Public
Grades 9-12
2,364 Students
Masterman Julia R Secondary School
Public
Grades 5-12
1,186 Students
Public
Grades 9-12
1,179 Students
Girard Academic Music Program (GAMP)
Public
Grades 5-12
579 Students
Public
Grades 9-12
436 Students
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† 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 November 2025.