Let's all move to Port Richmond, people. That's where you'll find some of the most affordable 1-bedroom apartments in the city, according to Zumper's latest national rent report. Using data from every apartment listing posted on their site in December, Zumper found that the median rent for a 1-bedroom apartment in this River Wards neighborhood is $750/month. Compare that to the two most expensive neighborhoods in Philly: Logan Square and University City. The median rents here averaged more than $1,800/month, with Logan Square topping the list at $1,870. Rent in University City, where increasingly more luxury high-rises are dotting the skyline, follows at $1,850.
Not surprisingly, you'll have to venture farther out from Center City for more affordable options. In North Philly's Kensington, for example, the median 1-bedroom rent is $850/month. Compare that to the adjacent neighborhoods Northern Liberties and Fishtown, where units are almost double the cost at $1,600.
Overall, the city's median 1-bedroom rent is $1,190, placing Philly as the 16th most expensive rental market in the country, tied with Long Beach, CA and Minneapolis, MN.
· See How Much Renters Spent in Philly This Winter [Zumper]
· Zumper National Rent Report: January 2016 [Zumper]
· Rent in Philly Just Keeps Getting Cheaper [Curbed Philly]
· Should you buy or rent in Philly in 2016? [Curbed Philly]