Old City, Philadelphia, PA Rental Market Trends
Last updated: April 09, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Old City is $2,294, a 2.26% decrease compared to the previous year, when the average rent was $2,347.
Studio Apartments at $1,711 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 $2,168, balancing privacy and affordability.
Two-beedroom units at $3,083 offer 1,069 square feet, perfect for roommates or small families.
Average rent in Old City, Philadelphia, PA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,294 | 772 sq. ft. |
| Studio | $1,711 | 589 sq. ft. |
| 1 Bed | $2,168 | 717 sq. ft. |
| 2 Beds | $3,083 | 1,069 sq. ft. |
| 3 Beds | n/a | n/a |
Old City, Philadelphia, PA rent trends
Rental prices in Old City, Philadelphia, PA have decreased by 2.26% over the past year. The average rent moved from $2,347 to $2,294.
What's the typical rent budget in Old City, Philadelphia, PA?
The largest share of rentals in Old City, Philadelphia, PA (38%) fall between $2,001-$2,500 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?
2,489 or 57% of the households in Old City, Philadelphia, PA are renter-occupied while 1,849 or 43% are owner-occupied.
Most affordable neighborhoods in Old City?
Frankford $1,099/month
Ogontz $1,106/month
Tioga $1,171/month
All of these neighborhoods fall below the city wide average of $1,988/month.Most expensive neighborhoods in Old City?
Hawthorne $3,116/month
University City $3,292/month
Society Hill $3,437/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 | $3,437 |
| University City | $3,292 |
| Hawthorne | $3,116 |
| Center City West | $2,897 |
| North Philadelphia | $2,646 |
| Powelton Village | $2,606 |
| Rittenhouse Square | $2,525 |
| Passyunk Square | $2,421 |
| Logan Square | $2,418 |
| Northern Liberties | $2,405 |
| Old City | $2,294 |
| Southwest Center City | $2,274 |
| West Poplar | $2,272 |
| Olde Kensington | $2,224 |
| Manayunk | $2,218 |
| Market East | $2,193 |
| Spring Garden | $2,168 |
| East Poplar | $2,141 |
| Fishtown | $2,116 |
| Kensington South | $2,100 |
| Washington Square West | $2,010 |
| Callowhill | $1,974 |
| Mill Creek | $1,937 |
| Chestnut Hill | $1,919 |
| Paradise | $1,879 |
| Cabot | $1,863 |
| East Torresdale | $1,828 |
| Norris Square | $1,818 |
| Central Roxborough | $1,801 |
| Spruce Hill | $1,782 |
| Mantua | $1,746 |
| East Kensington | $1,727 |
| Francisville | $1,725 |
| Brewerytown | $1,725 |
| Packer Park | $1,718 |
| Wynnefield Heights | $1,713 |
| Garden Court | $1,710 |
| Upper Roxborough | $1,667 |
| Andorra | $1,666 |
| Wynnefield | $1,637 |
| East Falls | $1,620 |
| Overbrook Farms | $1,612 |
| Parkwood | $1,569 |
| Point Breeze | $1,561 |
| Somerton | $1,518 |
| West Mount Airy | $1,502 |
| Wissahickon | $1,489 |
| West Torresdale | $1,485 |
| Bustleton | $1,485 |
| Holmesburg | $1,485 |
| Millbrook | $1,483 |
| Germantown | $1,468 |
| Fox Chase | $1,453 |
| Cecil B Moore | $1,451 |
| Oxford Circle | $1,435 |
| Kensington | $1,428 |
| Winchester | $1,406 |
| Rhawnhurst | $1,397 |
| Melrose Park Gardens | $1,392 |
| Tacony | $1,385 |
| Bells Corner | $1,365 |
| East Mount Airy | $1,363 |
| Ashton - Woodenbridge | $1,355 |
| Burholme | $1,352 |
| Cobbs Creek | $1,346 |
| East Oak Lane | $1,339 |
| Cedarbrook | $1,332 |
| Eastwick Southwest Philadelphia | $1,329 |
| West Oak Lane | $1,294 |
| Olney | $1,281 |
| Lexington | $1,271 |
| Fern Rock | $1,269 |
| Cedar Park | $1,256 |
| Logan | $1,226 |
| Walnut Hill | $1,176 |
| Tioga | $1,171 |
| Ogontz | $1,106 |
| Frankford | $1,099 |
Philadelphia | Rent Comparison by Neighborhood
Rent in Old City is 38% higher than in Andorra
Old City rent is the same as Philadelphia average
Andorra rent is 27% lower than Philadelphia average
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.