ZIP Code · PA

ZIP 19116

Part of Philadelphia, PA

Pop. 33,654·Philadelphia County·41st most expensive ZIP in Pennsylvania

Median rent (all units)

$2,126/mo

Year-over-Year

Stable

Month-over-Month

-2.9%

vs US Median

+$194

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 19116 · $2,126

More expensive than 67% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,200

1 BR

$1,310

2 BR

$1,560

3 BR

$1,870

4 BR+

$2,090

Research median

$1,560/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($67,535) is $1,688 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,560); a 3-bedroom is $1,870.

Rank in Philadelphia

39th cheapest of 43 ZIP codes in Philadelphia.

Cheaper nearby

ZIP 19154, 2 miles away, rents for 23% less ($1,635/mo), about $5,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 19116. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,512/yr

At $2,126/mo median

Location

CityPhiladelphia

StatePA

CountyPhiladelphia County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -2.9% MoM), not inventory.

Demographics

Who lives here

ZIP 19116 (Philadelphia, PA) is majority owner-occupied, has a large retiree population, 35.9% of residents hold a bachelor's degree or higher.

Population

33,654

Median income

$67,535

Median age

45.9

Renters

38.6%

Age distribution

20.8%

14.2%

26.5%

15.1%

23.4%

Under 1820.8%

18–3414.2%

35–5426.5%

55–6415.1%

65+23.4%

Gender

48.9%

51.1%

Male48.9%

Female51.1%

Race & ethnicity

64.8%

19.5%

White64.8%

Black5.8%

Hispanic5.3%

Asian19.5%

Other4.6%

Education (25+)

31.3%

22.2%

35.9%

No HS diploma10.6%

HS diploma31.3%

Some college22.2%

Bachelor's+35.9%

Housing tenure

61.4%

38.6%

Owner61.4%

Renter38.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 19116 in Philadelphia, PA has changed in 5 years

Income

$59,390 → $67,535

up 13.7%

Population

33,573 → 33,654

up 0.2%

Renter share

42.8% → 38.6%

-4.2 pts

Bachelor's+

36.4% → 35.9%

-0.5 pts

Median age

43.9 → 45.9

+2.0 yrs

Local incomes tracked alongside that move, going from a median of $59,390 in 2021 to $67,535 more recently. The renter share has eased from 42.8% to 38.6%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

Tips for renters in ZIP 19116

About renting in ZIP 19116

Last updated: October 17, 2026

ZIP code 19116 covers Philadelphia, PA. The median rent here is $2,126/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,560/mo.

At 38% of local median household income ($67,535/yr), ZIP 19116 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 19116?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (about $41/hour full-time) to afford the median rent of $2,126/mo in ZIP 19116. The local median household income is $67,535/yr, so the typical household falls short of that bar.