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

FAQs

Why is rent so high in Philadelphia? ›

Both figures represent slight decreases compared to last month, but rents remain historically high as the city continues to grapple with an affordability crisis and a weak housing market. “The pandemic, everyone was kind of cooped up from 2020 basically through 2022.

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.

In short - The state of Pennsylvania does not provide a limit to rent increases.

There are no rent control or stabilization laws in Pennsylvania, so your landlord is permitted to increase your rent.

If you own your furniture or would like to, then stick to an unfurnished place. However, if you move frequently or if a batch of new furniture isn't in your budget at the moment, a furnished place will take the hassle out of your itinerant lifestyle.

A fully furnished apartment is a type of rental property that comes equipped with all the necessary furniture and appliances needed for a comfortable living experience. It includes everything from beds, sofas, and chairs to kitchen utensils, electrical appliances, and linens.

The median salary in Philadelphia, PA is $64,006, with 80% of salaries falling between $28,754 and $147,900.

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.

Is Philadelphia a good place for a rental property? ›

The city is attractive to a number of demographics, and there's a solid and reliable pool of tenants. The renting population has grown in Philadelphia. In fact, the Economy League of Greater Philadelphia reports that the city had the sixth largest net increase in renters recently.

Pro: Affordable Cost of Living for a Major City

Philly's cost of living index is 104.3, which is about 10.3 percent higher than the state average. That might seem steep, but it's considered quite affordable, due to the city's history and overall accessibility.

Is Philadelphia a landlord-friendly city? Philadelphia, while having specific regulations in place, provides a framework for landlords to operate. The city emphasizes compliance with housing regulations and provides guidelines to ensure a fair and safe environment for both landlords and tenants.

Property owners are seeing other increased costs that are driving up rents. “Insurance premiums have gone up, taxes have gone up. It's the same with some of the inspection fees, registration fees and fees of that nature that are increasing,” Dalago said.