Craigslist Apartments In Philly (2024)

FAQs

What is the rental market in Philadelphia? ›

The average rent for apartments in Philadelphia, PA, is between $1,322 and $2,152 in 2024. For a studio apartment in Philadelphia, PA, the average rent is $1,322. When it comes to 1-bedroom apartments, the average rent in Philadelphia, PA, is $1,827. For a 2-bedroom apartment, the average rent is $2,152.

Rent Philly is a Condo Shops (TCS) Rental Portal. We are the largest purveyor of the finest apartment and condominium rentals in the Philadelphia Area.

Eight months into the year, rents in Philadelphia have risen 3.9%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to August 2023 rents had increased 3.9%.

The median salary in Philadelphia, PA is $64,006, with 80% of salaries falling between $28,754 and $147,900. Salaries in Philadelphia, PA are generally above the national average.

As of September 2024, the average rent in Philadelphia, PA is $1,715 per month. For comparison, the national average rent price in the US is currently $1,563/month, which means Philadelphia rent prices are 10% higher than the national average.

2) Provide Proof of Income (mandatory):

We are looking for take home pay to equal 3 times the rent. Self Employed Individual: For those persons who are independent contractors and applying as a prospective tenant, we will need copies of 2 years tax returns and last 3 months bank statements to validate the income.

Affordable housing is generally private housing for lower- to moderate-income tenants that costs no more than 30% of their income. Public or subsidized housing is housing that is owned and operated or paid for by the government.

Philadelphia stands out as an excellent place to buy investment property for several reasons. The city's stable job market, diverse economy, and growing population create a consistent demand for housing.

Is Philadelphia a landlord-friendly city? Philadelphia, while having specific regulations in place, provides a framework for landlords to operate. The city emphasizes compliance with housing regulations and provides guidelines to ensure a fair and safe environment for both landlords and tenants.

New York tops the list with an average monthly cost of $4,200 for a one-bedroom apartment. Not only is it expensive, but due to high demand, living in the Big Apple can be competitive.

What is the most a landlord can raise rent in Philadelphia? ›

Pennsylvania does not have statewide rent control laws. This means that, unlike in some other states or cities, there are no specific state laws, regulations, or limitations on how much landlords can increase rent.