News continues to be mixed for Philadelphia renters, but two new reports indicate monthly costs are rising over the long-term.
One, produced by rental firm Abodo, points to a national trend toward stabilization, with one-bedroom units close to statistically flat since last month. Here, researchers calculate a one-bedroom in Philadelphia will cost about $1,310 a month, while a two-bedroom will cost about $1,604.
Real estate firm Zumper's analysis shows one- and two-bedroom units coming in here at $1,530 and $1,680, respectively. Both analyses point to a month-over-month leveling off, but Zumper notes that rent has still grown precipitously when you compare costs to this time last year. By those numbers, one-bedroom rentals are up 9.3 percent since last November, and two-bedrooms are up 5 percent since last year. That also makes Philadelphia number 15 on the list of most expensive markets in the country.