The Inquirer: Rents are on the rise again in Philadelphia and nationally

The Inquirer, June 7, 2018: Rents are on the rise again in Philadelphia and nationally

After several months of steady and declining rents, rates are rising again — locally and nationally. The most recent analysis from rental firm Zumper lists Philadelphia as the 18th most expensive market in the country.

In Philadelphia, the rent for a one-bedroom unit is up 2.8 percent to $1,490. That growth also represents an increase of 8 percent since this time last year. Rates for two bedrooms are up even more sharply to $1,700 — a 3 percent increase since last month and an 8.3 percent increase since last June.

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