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Philly-Area Rents Up More Than 10% Year-To-Year

Philly-Area Rents Up More Than 10% Year-To-Year

Rent prices in the Philadelphia region are up 10.5% year-to-year, according to’s November rental data.  The overall median rent is $1,748. The median rent is $1,345 for a studio, $1,693 for a one-bedroom, and 1,995 for a two-bedroom. The data includes the entire Philadelphia-Camden-Wilmington rental markets.

The increases in rent are dramatically higher in other cities, including Miami (44.4% increase year-to-year), Tampa (39.2%), Orlando (33.7%) and Riverside, CA (31.9%). Nationally, November marked the fifth month in a row where rent growth has reached double digits (19.7%). In the 50 largest metros, the media rent was $1,771. According to, this translates to an additional $291 per month for renters.

In fact, national rent price growth is now outpacing home price growth.