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min read

Philadelphia Market Rental Trends Report

Relocity's rental trends report shows you how the nation’s major rental markets stack up and reveals 2024 pricing trends.

Being a commuter city that is a short drive or train ride from DC, NYC, and parts of NJ, Philadelphia has seen an increase in housing demand over the past 12 months. Over the summer months, the prices have increased about 2% since the spring. Currently, they are at their peak in the summer months. The median rent price in Philadelphia, PA for July 2024 is $1,700.

King of Prussia

King of Prussia, PA is one of the most saught after areas in the Philadelphia suburbs. Over the summer months, the prices have increased about 4% since the spring. Currently, they are at their peak in the summer months. The median rent price in King of Prussia, PA for July 2024 is $1,930 which is down about 2.1% from July 2023.

Apartment Options

Philadelphia

Park Towne Place Apartments

  • Studio/1 ba
  • Sq Ft: 425
  • Rent: $1,597

The Ludlow

  • 1 br/1 ba
  • Sq Ft: 642
  • Rent: $2,381

The Block at SoNo

  • 2 br/2 ba
  • Sq Ft: 962
  • Rent: $2,400

The Luxe in Fishtown

  • 3 br/2 ba
  • Sq Ft: 1,177
  • Rent: $3,300

King of Prussia

The Point at King of Prussia

  • Studio/A ba
  • Sq Ft: 585
  • Rent: $1,767

Indigo 301

  • 1 br/1 ba
  • Sq Ft: 743
  • Rent: $2,024

The George

  • 2 br/2 ba
  • Sq Ft: 1,148
  • Rent: $2,770

251 DeKalb

  • 3 br/2 ba
  • Sq Ft: 1,330
  • Rent: $2,590

Relocity

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