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Philadelphia Rent: The Median Price of 1BR and 2BR Apartments

Rental prices have increased slightly over the past year

It's time for another check-in on Philly's rental prices. Apartment List just released their March 2016 rental data report, and Philadelphia's hanging pretty steady with its median rental prices for one-bedroom and two-bedroom units at $1,330 and $1,500, respectively.

Those numbers are actually a very slight reduction in median rental prices from last month, with a -1.0 percent month-over-month price change.

However, it's also a 5.2 percent bump from last year's rental prices. Nationwide, average rent prices have increased by 3.2 percent between February 2015 and February 2016.

For the report, Apartment LIst uses their own listings to compile the data.

To see how Philly rent compares to other U.S. cities, visit the full report here.