1213 Walnut
1213 Walnut St,
Philadelphia, PA 19107
Studio - 2 Beds | $2,250 - $6,875
Rental Market Trends in Philadelphia, PA
Updated August 2026
The average rent in Philadelphia, PA is $1,784/month.
Rent in Philadelphia is roughly equal to the national average rent of of $1,664/month.
$1,784/month
Average Rent
663 Sq Ft
Average Size
+2.5%
Change / Year
9,282
Available Apartments
Philadelphia rent varies by unit size and layout:
- Studio apartments in Philadelphia average $1,433 per month.
- One-bedroom apartments in Philadelphia average $1,784 per month.
- Two-bedroom apartments in Philadelphia average $2,216 per month.
- Three-bedroom apartments in Philadelphia average $2,900 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Philadelphia, PA?
In the past year, rent has increased by 2.5%, which averages out to $45 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Philadelphia, PA
August 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
8%
$700 - $1,000/month
34%
$1,001 - $1,500/month
35%
$1,501 - $2,000/month
22%
Above $2,000/month
Rent by Neighborhood
What are the most expensive neighborhoods in Philadelphia?
Based on current rent prices, 30th Street Station, Fitler Square and Center City West are the most expensive neighborhoods in Philadelphia.
Neighborhood
Average Rent
Average Sq Ft
Which Philadelphia neighborhoods have the most rentals available?
The neighborhoods in Philadelphia with the most apartments available are Center City, Northern Liberties and North Philadelphia .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Philadelphia, PA?
Because the average rent in Philadelphia is $1,784, you’ll want to make about $5,946 per month or $71,352 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Philadelphia, PA is 7.0% higher than the national average. Generally, housing in Philadelphia is 8.4% more expensive than the national average, with rent falling between $1,433 - $2,900. You can expect to pay 4.6% more for groceries, 9.2% more for utilities, and 3.4% more for transportation.
How does Philadelphia, PA compare to other nearby cities and neighborhoods?
Use the tool below to compare Philadelphia, PA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Philadelphia Area GuideStudio
$857/month
$2,506/month
One Bedroom
$1,059/month
$2,827/month
Two Bedroom
$1,300/month
$3,686/month
Three Bedroom
$1,527/month
$5,186/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Pennsauken
Avg Rent: $1,848/month
-
Palmyra
Avg Rent: $1,771/month
-
Melrose Park
Avg Rent: $1,500/month
-
Elkins Park
Avg Rent: $1,500/month
-
Camden
Avg Rent: $1,220/month
-
Merchantville
Avg Rent: $1,527/month
Apartment Communities in Philadelphia We Think You'll Love
Rental Management, Simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Philadelphia?
The average rent in Philadelphia is $1,784 per month, which is 7.2% higher than the national average of $1,664.
What is the average rent for a house in Philadelphia?
The average rent for a house in Philadelphia, PA is $1,902 per month.
What is the average rent for a townhome in Philadelphia?
The average rent for a townhome in Philadelphia, PA is $1,727 per month.
What is the average rent for a condo in Philadelphia?
The average rent for a condo in Philadelphia, PA is $1,640 per month.
Are rents going up or down in Philadelphia?
Rents in Philadelphia, PA are increasing, with prices up 2.5% year-over-year and $45 more per month.
What rent range is most common in Philadelphia?
In Philadelphia, PA, 35% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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.
* Percentages may not total 100 due to rounding.