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

FAQs

Is Philadelphia expensive to rent? ›

As of July 2024, the average rent in Philadelphia, PA is $1,699 per month. For comparison, the national average rent price in the US is currently $1,534/month, which means Philadelphia rent prices are 11% 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.

It found that a single Philadelphia resident needs to make $92,726 yearly to live comfortably, which breaks down to a $44.58 hourly wage. For a pair of working adults with two children, the study found that a comfortable household income is a whopping $231,379 in Philadelphia.

The biggest factor is that Philadelphia does not have the authority to create its own minimum wage, one that could appropriately reflect the city's cost of living. Pennsylvania does not allow local governments to raise the minimum wage above the state level of $7.25 an hour.

Affordable housing is generally private housing for lower- to moderate-income tenants that costs no more than 30% of their income. Public or subsidized housing is housing that is owned and operated or paid for by the government.

So, how much should you spend on rent? Generally, experts recommend spending no more than 30% of monthly pre-tax income on housing. However, it's not always that simple. According to the U.S. Census Bureau, between 2017 and 2021, over 40% of renter households (19 million) spent more than 30% of their income on rent.

Rents are expected to climb in 2024, but at a more moderate pace than the frenzied increases of recent years. Analysts predict a 3-4% increase, slightly higher than the national average but reflecting Philadelphia's continued attractiveness and limited housing supply.

A: Philly's cost of living index comes in at 104.3, which might be higher than the national index of 100, but it's much lower than other cities in the Northeast and New England.

Although the cost of living in Philadelphia is slightly higher than the national average, it is substantially lower than NYC, the most populated city in New York.

Is Philly affordable to live? ›

Pros: Philadelphia boasts affordable cost of living for a major city. Its deep-rooted history, favorable public transportation, appealing higher education options, plenty of beautiful outdoor spaces make it a excellent city to live.

Moving to Philly? With affordable housing, ample job opportunities, incredible arts and culture, and highly-rated universities—The City of Brotherly Love has become a top destination for people who want to live on the East Coast. Here are 17 things to know about living in Philadelphia!