Craigslist Apartments In Philly (2024)

FAQs

Is Philadelphia expensive to rent? ›

As of July 2024, the average rent in Philadelphia, PA is $1,699 per month. For comparison, the national average rent price in the US is currently $1,534/month, which means Philadelphia rent prices are 11% higher than the national average.

Rent Philly is a Condo Shops (TCS) Rental Portal. We are the largest purveyor of the finest apartment and condominium rentals in the Philadelphia Area.

Pro: Affordable Cost of Living for a Major City

Philly's cost of living index is 104.3, which is about 10.3 percent higher than the state average. That might seem steep, but it's considered quite affordable, due to the city's history and overall accessibility.

You need a Zoning Permit to rent your property as a short-term rental to any one person or group: You need a Zoning Permit for limited lodging use if your property has a primary resident. You need a Zoning Permit for visitor accommodation use if your property does not have a primary resident.

How much does a single person need to make to live comfortably in Philadelphia? The SmartAsset study found a single person in Philadelphia would need to make a salary of $92,726 per year, pre-tax, to live comfortably in the city. That breaks down to an hourly wage of $44.58.

Rittenhouse Square is often considered one of the most sought after and most affluent neighborhoods in Philadelphia, and for good reason. Real estate prices are among the highest in this enclave and Rittenhouse's central location is perfect for easy access to restaurants, shops and Center City office buildings.

The biggest factor is that Philadelphia does not have the authority to create its own minimum wage, one that could appropriately reflect the city's cost of living. Pennsylvania does not allow local governments to raise the minimum wage above the state level of $7.25 an hour.

For the Philadelphia-Camden-Wilmington metro, the annual income required to be in the top one percent is a whopping $489,305, and the average annual income of the top one percent in Philadelphia stands at $1,145,336.

A unit occupied by not more than two occupants shall have a clear floor area of not less than 220 square feet (20.4 m2). A unit occupied by three occupants shall have a clear floor area of not less than 320 square feet (29.7 m 2). These required areas shall be exclusive of the areas required by Items 2 and 3.

Do I need a renters license to rent my house in Philadelphia? ›

You need a Rental License to rent out dwelling, rooming, or sleeping units to tenants. This can include residential dwellings and units, rooms in a home, dormitories, and certain visitor accommodations. One license can cover all units in a single building.

(c) An individual sharing a bedroom shall have a minimum of 60 square feet of bedroom space, measured wall to wall, including space occupied by furniture. Each individual occupying a single bedroom shall have a minimum of 80 square feet of bedroom space, measured wall to wall, including space occupied by furniture.

It's expensive to live in NYC — 37 percent more expensive than Philly, in fact! Because it's New York, everything from entertainment, transportation, utilities, and food costs more than in Philadelphia (no surprise there, huh?). That means if you make the move, your money will go a lot further than it would in NYC.

Pros: Philadelphia boasts affordable cost of living for a major city. Its deep-rooted history, favorable public transportation, appealing higher education options, plenty of beautiful outdoor spaces make it a excellent city to live.

Moving to Philly? With affordable housing, ample job opportunities, incredible arts and culture, and highly-rated universities—The City of Brotherly Love has become a top destination for people who want to live on the East Coast. Here are 17 things to know about living in Philadelphia!

The city is attractive to a number of demographics, and there's a solid and reliable pool of tenants. The renting population has grown in Philadelphia. In fact, the Economy League of Greater Philadelphia reports that the city had the sixth largest net increase in renters recently.