RentData

Average Rent in Philadelphia, PA

Official government data · Updated annually

Data review: HUD FYlatest availableSources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Safety

Crime statistics for Philadelphia, PA show a violent crime rate of 386.06 per 100,000 residents (moderate) and a property crime rate of 1953.56 per 100,000 residents (moderate). As with any metro area, crime rates vary widely by neighborhood — prospective renters are encouraged to research specific areas within Philadelphia before signing a lease.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Philadelphia's neighborhoods. Among the highest-value areas are McGuire ($61,111 median home value), Fairhill ($68,612 median home value), Glenwood ($70,698 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Fair Market Rents

HUD FY
Studio
N/A
1 Bedroom
N/A
2 Bedrooms
N/A
3 Bedrooms
N/A
4 Bedrooms
N/A
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Median Home Value
$236,883
Source: Zillow ZHVI
Est. monthly payment
$1,261/mo
20% down · 30yr · 7%

Is Philadelphia, PA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
—/year
National median income: $75,000 (no local data)
To buy a median home
$50,432/year
US national median: $75,000

Nearby Cities in PAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Pike County$1,270$1,279$1,657$2,152—
Pittsburgh$998$1,068$1,280$1,632—
Allentown$1,033$1,213$1,507$1,924—
Harrisburg$953$1,114$1,371$1,763—
Scranton$779$928$1,123$1,462—
Lancaster$986$1,106$1,393$1,820—

Rent or Buy in Philadelphia?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Philadelphia data

$
Home Value
$236,883
2BR Rent
$1,500/mo
Mortgage Rate
7%
Monthly P&I
$1,261/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $1,744/movs rent: $1,500/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $236,883 home at 7% rate

20% — $47,377
3%50%
Estimated Monthly Payment
$1,261
per month · 30 years · 7% APR
Loan Amount
$189,506
Total Paid
$453,885
Total Interest
$264,379
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Philadelphia

Cost of living, job market, crime rates, and moving cost estimates.

Moving Cost Estimator

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Frequently Asked Questions

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🏘️Neighborhoods in Philadelphia

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Philadelphia

Is it cheaper to rent or buy here?

🗺️All Cities in PA

See how Philadelphia ranks statewide

⚖️Compare Philadelphia

Side-by-side rent & cost of living with any city

📋PA Tenant Rights

Deposit limits, eviction laws & renters protections