Rental prices in Old City, Philadelphia, PA have decreased by 5.32% over the past year. The average rent moved from $1,740 to $1,648.
Check out the average rent in Philadelphia.
The national average price of rental apartments is $1,741, while the average monthly rent in Old City, Philadelphia, PA is $1,648.
The average monthly rent for an apartment in Old City, Philadelphia, PA is around $1,648.
A share of 5% of apartments in Old City, Philadelphia, PA have the cheapest rents between ≤ $1000. Around 6% of rentals are $2,001-$2,500. Around 23% of Old City's apartments have monthly rents between $1,001-$1,500. There are 66% of apartments with rents between $1,501-$2,000.
The largest share of rentals in Old City, Philadelphia, PA (66%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
There are 9 studio rentals available on RentCafe. Prices and availability in Old City, Philadelphia, PA were last updated on 27 Feb 2026.
The average Old City, Philadelphia, PA studio apartment size is 548 sq. ft.
Studio apartments in Old City, Philadelphia, PA tend to be more affordable than other apartments and they have lower utility costs.
One of the downsides of living in a studio apartment is the limited storage space.
In total, Old City, Philadelphia, PA has 7,233 residents, 3,552 women and 3,681 men, per U.S. Census recent estimates. Statistics show that the median age of Old City’s population is 36.
There is a total of 4,223 households in Old City, Philadelphia, PA. Of these, 263 have children and 3,960 are without children. Per Census Bureau’s most current estimates, 1,198 family households and 3,025 non-family households live in this area. The size of a household in Old City is 1 people, on average. The median household annual income in Old City equals $112,826, and the monthly housing costs equal $2,072.
According to data from the U.S. Census Bureau, 2% of the population in Old City, Philadelphia, PA have no high school education, 14% went to high-school, and 7% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 41% hold a Bachelor Degree, and 33% hold a Graduate Degree.
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