Nicole Barlage
April 20th, 2022
Rent prices in Philadelphia are rising and our friends at rent.com found out the average rent in Philadelphia is $2,541, which is actually 12.48% lower than the previous year. If you’re looking to make the move into the city, but aren’t quite sure where to live, rent.com put together a list of the ten most affordable neighborhoods in Philadelphia.
Average 2-BR rent: $2,073
Rent change since 2021: 0 percent change
The Garden Court area is a residential community developed in the 1920s and is noted in the architecture style seen in this neighborhood.
Average 2-BR rent: $2,041
Rent change since 2021: +9.37 percent
This neighborhood is close to entertainment and nightlife making it a great spot for young professionals.
Average 2-BR rent: $2,038
Rent change since 2021: 0 percent
Fernhill Park and Hunting Park can be found in Upper North Philadelphia, so if you are the active type this might be an added plus for you.
Average 2-BR rent: $2,038
Rent change since 2021: 0 percent
The suburb of Allegheny West is about 15 minutes north of Downtown Philadelphia with predominantly families living in the area due to the schools.
Average 2-BR rent: $2,035
Rent change since 2021: -1.63 percent
Chestnut Hill is also known as Philly’s Garden District. You’ll find:
Morris Arboretum of the University of Pennsylvania
Japanese Hill and Water Garden
Rose Garden
Garden Railway Japanese Overlook Garden
Sculpture Garden
Average 2-BR rent: $1,917
Rent change since 2021: +11.55 percent
If being basically in the heart of downtown is your thing, check out Overbrook, a little over five miles from Center City.
Average 2-BR rent: $1,916
Rent change since 2021: -3.97 percent
If you are looking for more of a quiet suburban vibe, Wynnefield is a neighborhood you should check out.
Average 2-BR rent: $1,845
Rent change since 2021: +0.98 percent
Roxborough is only 11 miles northwest of Downtown Philly but also is home to several green spaces where you can take your kids to play, making it someplace you might want to check out if you are apartment hunting with a family.
Average 2-BR rent: $1,503
Rent change since 2021: +4.92 percent
According to rent.com East Falls is highly rated amongst students and young professionals, in part because of its proximity to Philadelphia’s City Center. East Falls also has lots of green spaces and coffee shops, perfect for students or young professionals.
Average 2-BR rent: $1,296
Rent change since 2021: 0 percent
Parkwood is one of the cheapest neighborhoods in Philadelphia and is home to 1950’s era brick row homes, plus condos, townhouses, and other apartment complexes. The local Parkwood Shopping Center has 26 stores to do some shopping and grab something to eat.
