Philadelphia, Pennsylvania, is one of the oldest cities in the United States and is currently experiencing a booming rental market. With its vibrant culture and abundance of attractions, it is no wonder why so many people are flocking to the city.
The neighborhoods in Philadelphia vary greatly and provide housing for all types of renters. Philadelphia is divided into several districts, each with its own unique character and attractions. The Center City East District is home to the vibrant downtown scene, including the historic sites, theaters, restaurants, and nightlife. The Center City West District is home to luxury apartments and high-end shopping. Other neighborhoods in Philadelphia include University City, Chinatown, Fishtown, and South Philly.
When considering schools, Philadelphia has a great selection of public and private institutions. The Philadelphia School District is the largest in the state and has a variety of magnet and charter schools. The University of Pennsylvania is the top-ranked school in the city and is known for its world-renowned academics and research. Other notable universities in the city include Saint Joseph’s University, Temple University, and Drexel University.
The average rental prices in Philadelphia vary greatly depending on location and amenities. Apartments in the Center City area tend to be more expensive
The average rental price of an apartment in Philadelphia, PA is $1,559, townhouse is $1,814, condo is $1,973, loft is $1,842, and single family home is $2,506.
Rental prices in Philadelphia, PA have increased significantly over the past 5 years. According to Zillow, the median rent price in Philadelphia in July of 2016 was $1,550, while the median rent price in July of 2020 was $1,850, representing an increase of approximately 20%. Additionally, the median rent price in Philadelphia has been steadily increasing since 2016, with a peak in 2019 when the median rent price was $1,900.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Philadelphia, PA are $1,450, $1,685, and $1,895 respectively.
School districts in Philadelphia, PA typically have lower per-student spending than the national average. The city's public schools also have higher student-teacher ratios, higher dropout rates, and lower test scores. However, the city has also seen a decrease in its dropout rate and an increase in its graduation rate in recent years. Additionally, the city has made efforts to address the achievement gap between students of different racial and socioeconomic backgrounds.
1. Center City
2. Fishtown
3. Manayunk
4. University City
5. Rittenhouse Square
1. Rittenhouse Square
2. Center City West
3. Society Hill
4. Fitler Square
5. Art Museum Area