Over the past 3–6 months, rental prices in Philadelphia have slightly softened but remained relatively stable overall, with small month-to-month increases offset by modest year-over-year declines. Recent data shows rents rising marginally in early 2026 (about +$7 month-over-month) but still down roughly $20 year-over-year, reflecting a cooling trend after prior growth. This stabilization has been driven by increased rental inventory and rising vacancy rates, along with broader affordability constraints that have reduced upward pricing pressure. New apartment deliveries and a more balanced supply-demand dynamic have given renters more leverage, contributing to softer pricing in certain segments. The current median rent in the Philadelphia region is approximately $1,700–$1,725 per month across all unit types.
King of Prussia
Over the past 3–6 months, rental prices in King of Prussia, PA have been relatively stable with slight short-term softening, as recent data shows small month-over-month declines (around -$25) despite modest year-over-year growth. Overall, rents have remained elevated, with only minor fluctuations indicating a cooling but still high-priced market. This trend has been driven by a balance between strong demand for suburban, high-amenity living and an increase in available inventory, including newer apartment deliveries that have eased pricing pressure slightly. At the same time, the area’s premium positioning and proximity to major employment centers continue to support higher rent levels, preventing significant declines. The current median rent in the King of Prussia region is approximately $2,550 per month across all unit types.
Recent listings
Below are some recent listing examples.
Philadelphia
King of Prussia
(Data sourced from Apartments.com)