Apartments in Lexington Park Philadelphia

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19
$1,450
Philadelphia, PA
3 BR | Available Now
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0
$1,000
Philadelphia, PA
Studio | Available Now
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15
3D Tour
$1,100 - 1,535
7615 Rising Sun Ave Philadelphia, PA
Studio - 2 BR | Available Now
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Cat Friendly
Air Conditioning
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17
$925 - 980
6242 Roosevelt Blvd. Philadelphia, PA
1 BR | Available Now
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3
$1,225 - 1,900
7127 Keystone St Philadelphia, PA
Studio - 2 BR | Available Now
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12
$885 - 1,070
9200 Bustleton Ave Philadelphia, PA
1 - 2 BR | Available Now
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Air Conditioning
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Dishwasher
15
$1,480
9400-9414 Roosevelt Blvd Philadelphia, PA
1 BR | Available Now
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$1,450
Philadelphia, PA
3 BR | Available Now
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17
$1,695
8529 Rising Sun Ave Philadelphia, PA
2 BR | Available Now
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Air Conditioning
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24
$1,450
1457 Lardner St Philadelphia, PA
3 BR | Available Now
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0
$1,950
1516 Benner St Philadelphia, PA
3 BR | Ask for Availability
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Philadelphia:
November Rent Report

Welcome to the November 2024 Philadelphia Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Philadelphia rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Philadelphia and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Philadelphia average rent prices in the chart below.

Monthly Rent Report

$1,950
$1,460
$980
$490
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Philadelphia Rent Prices Decrease From October to November

Philadelphia rent prices decreased over the last month. From October to November, the city experienced a -0.07% decrease for the price of a one-bedroom apartment. The rent price for a Philadelphia one-bedroom apartments currently stands at $1,413.0.

When we take a look at the two-bedroom comparison from October to November, Philadelphia experienced a 0.8% increase for the price of a two-bedroom apartment. The rent price for a Philadelphia two-bedroom apartments currently stands at $1,880.0.

November Prices: Philadelphia vs. Surrounding Areas

Mount Laurel, NJ
Bryn Mawr, PA
King Of Prussia, PA
Exton, PA
Cherry Hill, NJ
Lansdale, PA
Philadelphia, PA
Wilmington, DE
$2,362
$2,103
$1,895
$1,872
$1,829
$1,671
$1,414
$1,245
$0
$800
$1,600
$2,400
$3,200
Median 1 BR Rent

Rent Prices in Philadelphia and Surrounding Areas

Rent prices have decreased in Philadelphia over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Philadelphia suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in King Of Prussia, PA, Exton, PA, Mount Laurel, NJ, Lansdale, PA .

  • Rent decreased in Bryn Mawr, PA, Cherry Hill, NJ, Wilmington, DE.

  • 6 suburbs are currently priced higher than the city of Philadelphia.

  • 1 suburb is currently priced lower than the city of Philadelphia.

November 2024 Pricing Trends: Philadelphia vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Philadelphia, PA
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,414
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Philadelphia Rent Prices More Affordable Than Major Cities

Rent growth in Philadelphia over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Philadelphia average rent prices appear to be relatively affordable for local residents.

The price for a Philadelphia one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Philadelphia and surrounding area rent prices, take a look at the complete data set below.

Data set for Philadelphia and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Philadelphia, PA $1,414.0 -1.40% $1,865.0 3.73%
King Of Prussia, PA $1,895.0 0.37% $2,319.0 -2.77%
Exton, PA $1,872.0 0.05% $2,354.0 -0.04%
Mount Laurel, NJ $2,362.0 0.98% $2,535.0 0.00%
Bryn Mawr, PA $2,103.0 -5.23% $2,807.0 -2.91%
Cherry Hill, NJ $1,829.0 -1.35% $2,539.0 6.41%
Lansdale, PA $1,671.0 0.36% $2,055.0 0.78%
Wilmington, DE $1,245.0 -4.01% $1,410.0 1.59%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.