Craigslist Apartments In Philly (2024)

FAQs

What is the rental market in Philadelphia? ›

The average rent for apartments in Philadelphia, PA, is between $1,257 and $2,015 in 2024. For a studio apartment in Philadelphia, PA, the average rent is $1,257. When it comes to 1-bedroom apartments, the average rent in Philadelphia, PA, is $1,815.

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.

Predictions for 2024 and Beyond:

Rents are likely to stabilize in the latter half of 2024, with modest increases continuing in subsequent years. Tenant preferences will evolve, with an emphasis on affordability, flexibility, and amenities that enhance the living experience.

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.

The average monthly rent in Philadelphia is $1,910, while home prices circle around $452,216.

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.

“Affordability” can feel very subjective. But there is a real definition: The Department of Housing and Urban Development (HUD) standard for being affordable calls for your spending no more than 30% of your income to pay for your rent or mortgage, utilities, and other housing costs.

Among the many cities around the United States, Philadelphia stands out as an advantageous market for rental property investment. A lot of investors are taking an interest in Philadelphia. Some of them are local and others are buying properties here from out of state. Why are people making the move to our city?

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.

How much has average rent changed in Philadelphia, PA? In the past year, rent has increased by 1.1%, which averages out to $19 more per month. Market Trends Over Time.