Property prices for rent in Philadelphia (Pennsylvania)

The rent prices in real estate in Philadelphia, in the Pennsylvania region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.

$1,714.2
Average price last 6 months
$2.22
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Philadelphia has fallen during the last 6 months. In September, the average price per sq.feet was $2.06. In the following month the price per sq.feet fell considerably to . The price for the following two months in (November, December) had a considerable rise of 217 %. The price per sq.feet has had a considerable rise of 141 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.63 to $2.3 during January, and February.

Average price

When referring to the price in Philadelphia (cities), this has fallen in the last 6 months. The average price for September is $1,589. During October the price had a considerable fall till . During the following two months (November, December) the average price had a considerable rise of 227 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 130 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,808 they are 15 % more affordable than the average price for Philadelphia . The properties with the highest average price have 4 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,986.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.24 / sq.feet, with an average $2.41 / sq.feet price in Philadelphia. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.87 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,808 it is 20 % more affordable than the average price in Philadelphia. "Detached House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,878 it is 23 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.83 / sq.feet followed by "Detached House" priced at $2 / sq.feet. "Townhouse" is the most expensive type of property with a $2.51 / sq.feet value followed by "Condo" with an average price of $2.09 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Philadelphia
Number of properties used in region Pennsylvania
$1,808
$2.41
68,264
232,808
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value