Despite apartment rent growth in Philadelphia gravitating toward its long-term average in late 2023, it still ranks among major metropolitan areas with the highest annual annual rent growth figures at 2.4%. Of the 15 largest U.S. apartment markets, only Chicago and Boston have seen apartment rents increase at a faster rate than Philadelphia.
Philadelphia Apartment Rents Stage One of the Biggest Increases Among Major US Markets
Suburban Neighborhoods Leading the Way in Terms of Higher Rents
CoStar Analytics
September 28, 2023 | 7:50 P.M.
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