furnished apartments for rent near Philadelphia, PA - craigslist (2024)

FAQs

Are rents going down in Philadelphia? ›

Seven months into the year, rents in Philadelphia have risen 4.4%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to July 2023 rents had increased 4.4%.

As of August 2024, the average rent in Philadelphia, PA is $1,693 per month. For comparison, the national average rent price in the US is currently $1,536/month, which means Philadelphia rent prices are 10% higher than the national average.

What does a furnished apartment include? Most furnished apartments, regardless of the type, include basics such as a bed, couch, dining room table, refrigerator, and stove. If your apartment has an in-unit washer and dryer, you may also find a laundry basket and cleaning supplies like a vacuum, iron, and broom.

Rent Philly is a Condo Shops (TCS) Rental Portal. We are the largest purveyor of the finest apartment and condominium rentals in the Philadelphia Area.

In short - The state of Pennsylvania does not provide a limit to rent increases.

The median salary in Philadelphia, PA is $64,006, with 80% of salaries falling between $28,754 and $147,900. Salaries in Philadelphia, PA are generally above the national average.

A fully furnished rental property generally includes all white goods (cooker, fridge freezer, washing machine) and basic furniture (sofa, dining table and chairs, beds, wardrobes, etc.). Usually, those looking for furnished rental properties expect these items - at the minimum.

A fully-furnished apartment has all or almost all the amenities that a resident would require for comfortable living. This includes furniture such as cupboards, beds, sofa sets, chairs and tables and appliances such as air-conditioners and water heaters.

Well, if you're looking to rent long-term, then an unfurnished property could actually work out to be more cost-effective. Rental charges will generally be lower, which could make buying your own furniture a less expensive option if you going to rent for a while.

“Affordability” can feel very subjective. But there is a real definition: The Department of Housing and Urban Development (HUD) standard for being affordable calls for your spending no more than 30% of your income to pay for your rent or mortgage, utilities, and other housing costs.

Can you evict in Philadelphia without a rental license? ›

Required Documents for Filing a Philadelphia Eviction

A Philadelphia housing rental license, valid throughout the lease. A Certificate of Rental Suitability, which must be valid throughout the lease and when you file for the eviction. The lease agreement with the Partners for Good Housing Handbook.

Summary. The average rent for a one-bedroom apartment in the US is $1,713. New York is the most expensive state to rent in at $2,552, and Wyoming is the cheapest at $608.

We have already seen the slow-down of accelerating home values in the city, and home values are expected to have lower than average change over the next 12 months (see forecasts below) in both the city and suburbs.

Among the many cities around the United States, Philadelphia stands out as an advantageous market for rental property investment. A lot of investors are taking an interest in Philadelphia. Some of them are local and others are buying properties here from out of state. Why are people making the move to our city?

Philadelphia Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied. In 2019 the rental vacancy rate for Philadelphia Pennsylvania was 5.13% according to Census ACS data.

Philadelphia faces a housing crisis, with 4,000 people experiencing homelessness, 40% of households cost burdened, and 22% living in poverty in 2022 (Office of Homeless Services, American Community Survey, 2018-2022).