Chinatown is located just steps Northeast of Center City's, City Hall.
Old City is a few blocks away from the symbol of American independence, the Liberty Bell.
Lincoln Financial Field is home to the Eagles.
Residents flock to Ben Franklin Bridge in Old City each winter for ice skating by the river.
Completed in 1887, St Thomas of Villanova Church draws visitors from around the region.

Philadelphia, PA

Area Guide

Avg Rent

$1,783

Population

1,536,683

Renter Mix

53% Rent

A historic, cultural, and artistic hub

Historic Modern Urban

Philadelphia sits at the center of American history and still carries that weight with quiet confidence — it's the city where the Declaration of Independence was signed, and today those same streets anchor neighborhoods full of energy and purpose. As Pennsylvania's largest city and the sixth most populous in the country, Philly draws renters with a broad economy spanning healthcare, financial services, biotechnology, and information technology, plus a university presence that includes the University of Pennsylvania, Drexel, Temple, and several other institutions spread across the city.

Neighborhoods here range considerably in character. Old City offers cobblestone streets alongside contemporary gallery spaces, Fishtown pulses with creative industries and converted-warehouse architecture, Rittenhouse Square delivers manicured parks and polished streets, and Manayunk brings a hillside village feel within city limits. Northern Liberties and Graduate Hospital round out a city where each district has its own rhythm.

The housing stock reflects that variety well. Renters can choose from classic rowhouse conversions, high-rise apartment communities near Center City, historic brownstones, and newer loft-style buildings in up-and-coming corridors. Compared to similarly sized East Coast metros, Philadelphia offers meaningful range in price points, making it one of the more accessible large cities in the Northeast for renters at different stages of life.

Explore the City

Lincoln Financial Field is home to the Eagles.

Residents flock to Ben Franklin Bridge in Old City each winter for ice skating by the river.

Completed in 1887, St Thomas of Villanova Church draws visitors from around the region.

The Art Museum in Logan Square attracts visitors from across the world.

The Philadelphia Zoo is a highlight attraction for tourists and visitors nearby Brewerytown.

Picturesque Cobbs Creek winds through Cobbs Creek Park.

Demographics

Median Household Income

$54,633

Average: $79,079

Education

423,562

Residents Have a Degree

Job Market

738,676

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

37 Years

Largest Age Group

30-39 Years

Approximately 17% of Residents

Under 20

24%

Over 65

16%

Housing Distribution

Philadelphia has more renters than homeowners.

Renters
53%
Non-Renters
47%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
23%
Other Education
77%

Rent Trends

As of June 2026, the average apartment rent in Philadelphia, PA is $1,438 for a studio, $1,783 for one bedroom, $2,224 for two bedrooms, and $2,929 for three bedrooms. Apartment rent in Philadelphia has increased by 1.6% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,783/month
664 Sq Ft
House
$1,999/month
1,033 Sq Ft
Condo
$2,003/month
985 Sq Ft
Townhome
$2,093/month
883 Sq Ft
See Rental Market Trends in Philadelphia, PA

Cost of Living

The cost of living in Philadelphia, PA is 7.2% higher than the national average. Generally, housing in Philadelphia is 8.2% more expensive than the national average, with rent falling between $1,438 - $2,929. You can expect to pay 4.3% more for groceries, 9.2% more for utilities, and 4.2% more for transportation.

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Learn More About Philadelphia

Getting Around

Exceptionally Walkable

Walkability

100 / 100

Good Public Transit

Transit

70 / 100

Fairly Drivable

Drivability

50 / 100

Fairly Bikeable

Bikeability

50 / 100

Schools

Masterman Julia R Secondary School

Public

Grades K-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 K-12

579 Students

Masterman Julia R Secondary School

Public

Grades K-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 K-12

579 Students

Central High School

Public

Grades 9-12

2,364 Students

Masterman Julia R Secondary School

Public

Grades K-12

1,186 Students

Academy At Palumbo

Public

Grades 9-12

1,179 Students

Franklin Towne Charter High School

Public

Grades 9-12

1,282 Students

Girard Academic Music Program (GAMP)

Public

Grades K-12

579 Students

Points of Interest

Parks and Recreation

  • Tacony Creek Park
  • Wagner Free Institute of Science
  • Edgar Allan Poe Nat'l Historic Site
  • Independence National Historical Park
  • Adventure Aquarium

Airports

  • Philadelphia International
  • Trenton Mercer

Top Apartments in Philadelphia

Houses for Rent in Philadelphia

Living in Philadelphia

History

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Philadelphia wears its history openly, with Revolutionary-era landmarks still anchoring daily life across the city. Independence Hall and the Liberty Bell sit in Independence Historical Park, drawing residents and visitors to the cobblestone streets of Old City where 18th-century buildings now house cafes, galleries, and apartments. William Penn's original grid layout remains visible throughout Center City, a testament to his 1682 vision of orderly urban planning and religious tolerance. Fairmount Park preserves historic mansions scattered among its trails, while neighborhoods like Society Hill maintain block after block of Federal-style rowhouses that have stood for more than two centuries. The adaptive reuse of older structures defines much of the rental market here, from converted industrial spaces in Fishtown and Northern Liberties to renovated brownstones in Rittenhouse and Graduate Hospital. Reading Terminal Market has operated continuously since 1893, and the Italian Market on South 9th Street remains North America's oldest outdoor market, both functioning as living pieces of the city's commercial past that residents rely on today.

Restaurants

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Philadelphia's food identity is anchored by two living institutions that new residents quickly adopt as weekly rituals: Reading Terminal Market, open since 1893, and the Italian Market on South 9th Street, the oldest continuously operating outdoor market in North America. Both draw a mix of Amish vendors, local farmers, and specialty purveyors offering everything from fresh pasta and handmade cheeses to prepared foods from across the globe. The cheesesteak is a genuine city staple, and the long-running debate over rival versions on East Passyunk Avenue is a rite of passage locals will happily pull you into. Beyond that iconic sandwich, Philadelphia's dining culture spans a wide range of cuisines rooted in the city's neighborhood identities, from Vietnamese kitchens along Washington Avenue to Vietnamese, Korean, and West African flavors throughout West and Southwest Philly. Each spring, the South 9th Street Italian Market Festival celebrates the neighborhood's culinary heritage with food, music, and a crowd that reflects how seriously Philadelphians take their eating.

Transportation

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Philadelphia is served by SEPTA, one of the largest public transit systems in the country, including two subway lines — the Market-Frankford Line running east-west and the Broad Street Line running north-south — plus an extensive bus network and a trolley system serving University City. SEPTA Regional Rail connects the city to surrounding suburbs, while 30th Street Station is a major Amtrak hub with frequent service along the Northeast Corridor to New York City and Washington, D.C. Philadelphia International Airport sits just southwest of the city and is reachable directly via SEPTA's Airport Line. For drivers, I-95 traces the city's eastern edge and I-76 (the Schuylkill Expressway) runs along the western side, though rush hour congestion on both can be significant. Many residents skip the car altogether, relying on the bike-share program Indego, the Schuylkill River Trail for cycling and jogging, or simply walking — much of Center City and surrounding neighborhoods are highly walkable thanks to Penn's original grid street layout.

Parks

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Philadelphia's crown jewel for outdoor enthusiasts is Fairmount Park, one of the largest urban park systems in the country, stretching thousands of acres along the Schuylkill River and Wissahickon Creek. It offers miles of hiking and biking trails, historic mansion tours, open meadows, and picnic areas, and connects directly to the Schuylkill River Trail, a popular multi-use path for joggers and cyclists. The park is also home to the Philadelphia Zoo, the first zoo established in the United States. Rittenhouse Square anchors Center City with tree-lined paths, fountains, and a lively social atmosphere, while Franklin D. Roosevelt Park in South Philly provides athletic fields and a lakeside retreat. Independence Historical Park frames landmark sites in Old City with open green lawns, and Valley Forge National Historical Park, about 30 minutes from Center City, adds sweeping preserved landscapes with walking and biking trails tied to Revolutionary War history.

Cost

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Philadelphia's overall cost of living sits about 7.2% above the national average, with housing running roughly 8.2% higher and utilities coming in about 9.2% above the national norm. Average rent for a one-bedroom apartment is around $1,761 per month, while studios average $1,407 and two-bedroom units average $2,196. Rents vary across the city's many neighborhoods, with the most common rent range falling between $1,409 and $2,933 depending on size and location. The median household income in Philadelphia is approximately $54,633, providing context for how housing costs sit relative to local earnings.

Shopping

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Philadelphia's retail landscape spans distinct neighborhoods, each with its own character and draw. Rittenhouse Row, the stretch of Walnut Street surrounding Rittenhouse Square, has long served as the city's most established shopping corridor, complemented by the nearby shops along Chestnut Street in Center City. Reading Terminal Market, operating continuously since 1893, brings together local vendors, Amish farmers, artisan food producers, and handmade goods under one historic roof. The 9th Street Italian Market, North America's oldest and largest outdoor market, draws shoppers year-round for fresh produce, specialty foods, and more. Manayunk's Main Street offers a walkable stretch of boutiques along the Schuylkill River, while Fishtown and Northern Liberties have grown into destinations for independent retail. Each winter, holiday markets around City Hall bring open-air shopping to the heart of Center City.

Highlights

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Old City, Independence Historical Park, Liberty Bell, Independence Hall, Philadelphia Museum of Art, Citizens Bank Park, Lincoln Financial Field, Wells Fargo Center, University of Pennsylvania

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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 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.