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Philadelphia apartment rents register smallest increase in a decade despite healthy renter demand

Rents in pockets of suburban neighborhoods still outperform the region
CoStar Analytics
March 3, 2026 | 6:38 P.M.

Rents of Philadelphia-area apartments slowed to their smallest increase, with asking rents up by an average of only 1.4% annually, the slowest pace recorded in more than a decade.

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News | Philadelphia apartment rents register smallest increase in a decade despite healthy renter demand