Philadelphia market rental trends report

Over the past 3–6 months, rents in Philadelphia have edged modestly downward for many unit types — especially in the 1‑ and 2‑bedroom categories — while studio and 3‑bedroom rents have held more steady. This softening is largely being driven by a surge in inventory (new apartment deliveries) and seasonal cooling in demand. The current median rent for all unit types in Philadelphia is approximately $1,950.

King of Prussia

Over the past 3–6 months, rental prices in King of Prussia have experienced a notable increase. In August 2025, the average rent was $2,111, marking a 4.09% rise from the previous month. This upward trend is primarily attributed to heightened demand for housing in suburban areas, coupled with limited inventory and fewer new rental properties entering the market. As of October 2025, the median rent in King of Prussia stands at approximately $2,300 per month

Recent listings

Below are some recent listing examples.

Philadelphia

The Hamilton

• $1,420 - studio / 1 bath - 342 sq. ft.

The Noble

• $1,780 - 1 bedroom / 1 bath - 539 sq. ft.

Five on Canal

• $2,400 - 2 bedroom / 2 bath - 896 sq. ft.

Apex

• $2,870 - 3 bedroom / 2 bath - 1,364 sq. ft.

King of Prussia

The Smith

• $1,661 - studio / 1 bath - 650 sq. ft.
  
  

The Point King of Prussia

• $2,022 - 1 bedroom / 1 bath - 641 sq. ft.

Skye 750

• $2,486 - 2 bedroom / 2 bath - 1,113 sq. ft.

Indigo 301

•  $3,164 - 3 bedroom / 2 bath - 1,380 sq. ft.

(Data sourced from Apartments.com)