After a pair of national rental reports released last month indicated falling rental rates in Philadelphia, it sounded like renters could breathe with ease again. Now, a new Zumper report indicates that local rates are back on the rise.
According to the report, prices for a one-bedroom apartment in Philadelphia rose 2.2 percent to $1,380 while two-bedrooms are up 3.2 percent to $1,590. The jump takes Philly from 18th to 15th most expensive on the national list.
Trends at home mirror a rise nationally. Zumper reports one-bedroom apartments nationwide increased 1.92 percent to $1,164. Two-bedroom units were also up 1.84 percent to $1,377. San Francisco and New York remain at the top of the heap in the report, but Honolulu, Baltimore, Durham and Salt Lake City join Philadelphia on the list of cities with rents on the rise…
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