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Rent Tracker
The average asking rent in Philadelphia, PA is $1,869/month as of 2026-03. That is +3.4% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) · zillow.com/research
Current Avg Rent
$1,869/mo
as of 2026-03
Year-over-Year Change
+3.4%
Monthly ZORI index values for Philadelphia, PA.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-03 | $1,869 | +0.38% |
| 2026-02 | $1,862 | +0.54% |
| 2026-01 | $1,852 | +0.11% |
| 2025-12 | $1,850 | +0.05% |
| 2025-11 | $1,849 | -0.11% |
| 2025-10 | $1,851 | -0.11% |
| 2025-09 | $1,853 | +0.27% |
| 2025-08 | $1,848 | +0.33% |
| 2025-07 | $1,842 | +0.71% |
| 2025-06 | $1,829 | +0.49% |
| 2025-05 | $1,820 | +0.33% |
| 2025-04 | $1,814 | +0.33% |
| 2025-03 | $1,808 | +0.22% |
| 2025-02 | $1,804 | +0.28% |
| 2025-01 | $1,799 | +0.28% |
| 2024-12 | $1,794 | +0.22% |
| 2024-11 | $1,790 | +0.11% |
| 2024-10 | $1,788 | +0.11% |
| 2024-09 | $1,786 | +0.11% |
| 2024-08 | $1,784 | +0.22% |
| 2024-07 | $1,780 | +0.34% |
| 2024-06 | $1,774 | +0.51% |
| 2024-05 | $1,765 | +0.51% |
| 2024-04 | $1,756 | — |
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Data: Zillow Research ZORI · Updated monthly · Price Inflation Report