Markets › Philadelphia
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Philadelphia PA Apartment Market Read
Covers Philadelphia, Camden and Wilmington.
Current market read
Landlord’s market
ConditionFirm
The yearly data reads a landlord's market, and the monthly figures, asking rents and jobs are holding steady.
From public data. The situation now, not a forecast.
Renter Google searchabout 14,800 searches in August 2026 · HousesSee read → What renters Google mostHousesSee all →
Renter Google Search InterestGoogle · monthly
About 14,800 searches in August 2026, for Philadelphia on its own
November is usually one of the quietest months for renter searches here.
Attention, not a verdict. Google searches for apartments to rent.
METROSGNL PRO
We watch Philadelphia for you.
The day asking rent growth (now +2.8%) or job growth (now +0.5%) moves half a point, you get an email. Plus two years of history and the report.
Track Philadelphia, $39/monthCancel anytime. Every market read stays free.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Stable
Nothing is pulling hard either way in the latest figures (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
+0.5%
▲ Hiring, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$1,810 a month
September 2026, ▲ up 2.8% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +7.6% · US avg +4.6%
Median rentCENSUS · 2024
$1,567/mo
Typical rent. A yearly count, last taken 2024
Median rent · 8 yearly counts
2017 to 2025, no 2020, with Pro
In the news · PhiladelphiaNEWS · DAILY
Latest local coverage, 2 days ago. softer neutral firmer
New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build MoreStandard Communities Secures $29.3M Acquisition of Affordable Housing Multifamily Building in PhiladelphiaVoorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily BoomView all 8 Philadelphia news →Demand vs supplyCENSUS + BLS
Weak demand
DEMAND
Jobs+0.5%
Migration 2025−1.5/1k
SUPPLY
Permits 2025-2.2%
Vacancy 20244.9%
Rent vs buyWEEKLY RATE · 2024 RENT
+$1,427/mo
Cheaper to rent than buying
rent $1,567 · own $2,994
$1,567RENT
$2,994OWN
Domestic migrationCENSUS · 2025
−1.5/1k
▼ More people left for other US places than moved in. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.