Startups

West Philly’s Cedar Park had the highest rent increase since 2013 [list]

By contrast, rents went down in Graduate Hospital by seven percent, and rent in neighborhoods like Germantown and Center City East stayed the same.

Monthly rents in Philadelphia are down six percent since January 2013, according to rental listings from an online service called Lovely, but monthly rent in West Philadelphia’s Cedar Park neighborhood jumped 18 percent from 2013 to 2014. That was the highest increase in monthly rent for a Philadelphia neighborhood.

Lovely gets its rental listings from more than 60 different data partners, said spokeswoman Elizabeth Pullman.

By contrast, rents went down in Graduate Hospital by seven percent, and rent in neighborhoods like Germantown and Center City East stayed the same.

Find Lovely's list of neighborhoods and their fluctuating rents

The data was provided by Lovely, a San Francisco-based rental service that includes a web and mobile app for renters to pay their landlords online, without any fees.

Use Lovely

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

Our services Preferred partners The journalism fund
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

EDA officials are ‘hopeful’ Tech Hubs program will live on under Trump

AI is being used in more and more of the hiring process, especially at high-volume companies

How a laid-off AI enthusiast pivoted to become a founder — while holding down a day job

ZeroEyes lands major Temple partnership after multimillion-dollar raise

Technically Media