Philadelphia is still a pretty affordable place to live compared to other major U.S. cities, but there’s no doubt that both buyers’ and renters’ wallets are feeling the strain of rising rents and house prices.
Still, that doesn’t mean you have to live in a shoebox. For renters, there are plenty of properties in Philly that are still budget-friendly—when you consider the amenities offered and location.
Take it from folks who actually live in them. VeryApt, a new website designed to make the apartment hunt easier, recently released its 2016 Renter’s Best Report and found that these are the five “best value” apartments in Philadelphia, according to the 2,500 renters who took their survey.
The best value property in Philly is the Roosevelt, which is owned by Post Brothers. It features studios and 1-bedroom units starting at $1,125/month. Renters said that won’t get you much in terms in amenities—there’s only coin-operated laundry—but its location puts you right by the Schuylkill River Trail, bars, shops, and Trader Joe’s. And it should be noted: A gym, restaurant and bar, and coffee shop are in the works.
2. The Chatham
With rents starting at $1,285 a month, the Chatham is the second best value property. Like the Roosevelt, it doesn’t offer much in terms of amenities, but it is right in Rittenhouse Square, next to multi-million dollar condos and homes. Plus, even the studios are spacious and some feature walk-in closets.
Coming in third is another Rittenhouse Square building that’s a mix of condos and apartments. For a little more—rents start at $1,425—you can live in the heart of the city and have access to an indoor pool, gym, and even outdoor space if you’re lucky enough to snag a unit with a private balcony.
Starting at just $1,105 a month, you can live in a historic building in Walnut Hill, which isn’t far from Penn. Post Brothers bought this property last year, and they’re making some upgrades to it that will include a restored lobby and gym in the future, we’ve been told. The apartments are pretty big and get lots of light, plus there’s a dog park on the grounds and retail in the works.
5. 801 Walnut
Size may be the biggest issue here, according to renters’ reviews, but again, location is what makes the starting rent of $1,650 a good deal. It’s right in Washington Square West, and in addition to hardwood floors and new kitchen appliances, there’s in-unit laundry.
- 50 best apartments in Philly [VeryApt]