Philly Is the 7th Most Sought-After Renting Hub

Rental activity is booming in Philly, which entered RentCafe’s top 10 most sought-after places for renters for the first time ever in February, landing in the seventh spot.

Philly earned an overall rental score of 71.2 out of 100 based on the availability of apartments, page views, apartments saved as favorites and saved personalized searches. The city climbed an impressive 42 places since January and saw a significant 189% increase in page views, a 3% increase in favorited listings and a 46% surge in saved searches on RentCafe.com.

With so many renters seeking Philly as their new home, the city may be in for heightened rental competition. It experienced an 18% decrease in listing availability, ranking 104 out of 150 largest U.S. cities for rental availability.

Regionally, the top 10 cities for rental activity in the Northeast were:

1. Queens, New York
2. Philadelphia, Pennsylvania
3. Newark, New Jersey
4. Buffalo, New York
5. Providence, Rhode Island
6. Boston, Massachusetts
7. Manhattan, New York
8. Jersey City, New Jersey
9. Yonkers, New York
10. Bronx, New York

Nationally, the top 10 included:

1. Minneapolis, Minnesota
2. Atlanta, Georgia
3. Queens, New York
4. Detroit, Michigan
5. Cleveland, Ohio
6. Overland Park, Kansas
7. Philadelphia, Pennsylvania
8. Orlando, Florida
9. Spokane, Washington
10. Washington, D.C.