The July rent report continues to be a tale of modest monthly increases juxtaposed with more sizable year-over-year growth, according to the apartment tracker Zumper. Nationally, one-bedroom rents grew about 1 percent last month but are up 4 percent since July 2017, according to Zumper's latest rent report. Locally, our rental growth makes us the 16th most expensive city for renters in the nation.
While the median one-bedroom rental is about $1,209, a one-bedroom apartment in Philadelphia will cost you about $1,500. That's a 0.7 percent increase since last month, but a whopping 7.9 percent increase since this time last year. Good news for you and your roommates: Two-bedrooms in Philly remained flat at $1,700 a month for July, but even that figure is 6.9 percent higher than July 2017.