Old City, Philadelphia, PA Rental Market Trends
Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Old City is $2,324, a 0.99% decrease compared to the previous year, when the average rent was $2,348.
Studio Apartments at $1,648 offer the most budget-friendly option with 589 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 717 square feet for $2,200, balancing privacy and affordability.
Two-beedroom units at $3,149 offer 1,053 square feet, perfect for roommates or small families.
Average rent in Old City, Philadelphia, PA
Last updated: February 25, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,324 | 770 sq. ft. |
| Studio | $1,648 | 589 sq. ft. |
| 1 Bed | $2,200 | 717 sq. ft. |
| 2 Beds | $3,149 | 1,053 sq. ft. |
| 3 Beds | n/a | n/a |
Old City, Philadelphia, PA rent trends
Rental prices in Old City, Philadelphia, PA have decreased by 0.99% over the past year. The average rent moved from $2,348 to $2,324.
What's the typical rent budget in Old City, Philadelphia, PA?
The largest share of rentals in Old City, Philadelphia, PA (32%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Old City, Philadelphia, PA?
2,435 or 58% of the households in Old City, Philadelphia, PA are renter-occupied while 1,789 or 42% are owner-occupied.
Most affordable neighborhoods in Old City?
Ogontz $1,112/month
Tioga $1,120/month
Frankford $1,132/month
All of these neighborhoods fall below the city wide average of $1,982/month.Most expensive neighborhoods in Old City?
Hawthorne $3,108/month
University City $3,218/month
Society Hill $3,368/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Philadelphia, PA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Society Hill | $3,368 |
| University City | $3,218 |
| Hawthorne | $3,108 |
| Center City West | $2,791 |
| North Philadelphia | $2,746 |
| Powelton Village | $2,623 |
| Rittenhouse Square | $2,544 |
| Logan Square | $2,463 |
| Passyunk Square | $2,421 |
| Northern Liberties | $2,402 |
| Old City | $2,324 |
| Fishtown | $2,281 |
| Market East | $2,227 |
| West Poplar | $2,226 |
| Olde Kensington | $2,220 |
| Manayunk | $2,189 |
| Southwest Center City | $2,157 |
| Spring Garden | $2,103 |
| East Poplar | $2,092 |
| Washington Square West | $2,091 |
| Callowhill | $2,064 |
| Kensington South | $1,974 |
| Chestnut Hill | $1,963 |
| Mill Creek | $1,962 |
| Cabot | $1,863 |
| East Torresdale | $1,860 |
| Mantua | $1,785 |
| Norris Square | $1,781 |
| Paradise | $1,779 |
| Central Roxborough | $1,748 |
| Spruce Hill | $1,742 |
| Brewerytown | $1,736 |
| Packer Park | $1,728 |
| Francisville | $1,725 |
| Wynnefield Heights | $1,716 |
| Upper Roxborough | $1,698 |
| Garden Court | $1,695 |
| Wissahickon | $1,663 |
| Andorra | $1,662 |
| Wynnefield | $1,644 |
| East Kensington | $1,638 |
| East Falls | $1,621 |
| Point Breeze | $1,588 |
| Overbrook Farms | $1,584 |
| Parkwood | $1,572 |
| Millbrook | $1,568 |
| Holmesburg | $1,547 |
| West Mount Airy | $1,517 |
| Bustleton | $1,487 |
| Rhawnhurst | $1,485 |
| Cecil B Moore | $1,474 |
| West Torresdale | $1,472 |
| Somerton | $1,466 |
| Germantown | $1,444 |
| Kensington | $1,428 |
| Winchester | $1,420 |
| Fox Chase | $1,415 |
| Melrose Park Gardens | $1,414 |
| Burholme | $1,408 |
| Tacony | $1,408 |
| East Oak Lane | $1,407 |
| Bells Corner | $1,376 |
| Ashton - Woodenbridge | $1,355 |
| East Mount Airy | $1,336 |
| Cedarbrook | $1,335 |
| Eastwick Southwest Philadelphia | $1,329 |
| Oxford Circle | $1,309 |
| West Oak Lane | $1,302 |
| Olney | $1,292 |
| Cobbs Creek | $1,265 |
| Cedar Park | $1,253 |
| Lexington | $1,248 |
| Fern Rock | $1,224 |
| Logan | $1,207 |
| Walnut Hill | $1,177 |
| Frankford | $1,132 |
| Tioga | $1,120 |
| Ogontz | $1,112 |
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Philadelphia | Rent Comparison by Neighborhood
Rent in Old City is 40% higher than in Andorra
$2,324
Old City rent is the same as Philadelphia average
Average Rent
$2,324
$1,662
Andorra rent is 28% lower than Philadelphia average
Average Rent
$1,662
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Old City apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.