Average Rent in Philadelphia-Camden-Wilmington, PA
The Fair Market Rent for a 2-bedroom in Philadelphia-Camden-Wilmington, PA is $1,810 per month, based on HUD data. With a median household income of $89,273, a household would spend 24.3% of income on housing at Fair Market Rent. Rent has increased 4.2% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,397 |
| 1 Bedroom | $1,520 |
| 2 Bedroom | $1,810 |
| 3 Bedroom | $2,170 |
| 4 Bedroom | $2,423 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $89,273 |
| Rent Burden (2BR FMR / Income) | 24.3% |
| Income Needed for 2BR (30% rule) | $72,400/yr |