In the latest quarter, Philadelphia has experienced a mixed trend in apartment rental prices. Studio and two-bedroom units have seen a decrease in average rent, making them more affordable for those seeking smaller or mid-sized spaces. On the other hand, one-bedroom and three-bedroom units have increased in price, reflecting higher demand for these specific apartment types. Philadelphia’s status as a commuter-friendly city, with easy access to major hubs like Washington, D.C., New York City, and parts of New Jersey, continues to attract new residents. Over the past 12 months, this has driven up overall housing demand, contributing to these price shifts. The current median price for all unit types is $2,333.

King of Prussia

In the past quarter, King of Prussia has seen notable shifts in apartment rental prices. Studio and one-bedroom units have experienced a rise in rent, reflecting growing demand for smaller, more affordable spaces among singles and young professionals. Meanwhile, two- and three-bedroom units have seen a decrease in pricing, potentially making larger living spaces more accessible for families or those seeking more room. As King of Prussia continues to grow as a key suburban hub with excellent access to employment centers, retail, and dining options, demand for housing remains strong. These price fluctuations highlight the area's evolving rental market, with diverse housing options catering to a broad spectrum of residents. The current median price for all unit types is $2,083.

Apartment Options

Philadelphia

Park Towne Place Apartments

• Studio/1 ba
• Sq Ft: 404
• Rent: $1,498

The Ludlow

• 1 br/1 ba
• Sq Ft: 571
• Rent: $1,918

The Block at SoNo

• 2 br/2 ba
• Sq Ft: 1,140
• Rent: $2,715

Left Bank Apartments

• 3 br/2 ba
• Sq Ft: 1,564
• Rent: $4,226

King of Prussia

The Point at King of Prussia

• Studio/A ba
• Sq Ft: 638
• Rent: $1,777

Indigo 301

• 1 br/1 ba
• Sq Ft: 685
• Rent: $1,962

Cirro

• 2 br/2 ba
• Sq Ft: 1,051
• Rent: $2,400

251 DeKalb

• 3 br/2 ba
• Sq Ft: 1,425
• Rent: $2,450