Bucks County rents were in the middle of the pack in the Philadelphia area in March, according to a new report by RENTCafé.
RENTCafé compiled the report using data on average rents at competitively rented, large-scale, multifamily properties in the Philadelphia area. Data were gathered by Yardi Matrix via telephone survey. Only locales with a statistically relevant stock of large-scale multifamily properties were included.
Doylestown had the highest rent at $1,581. This is above the national average of $1,407 and slightly below the Philadelphia average of $1,672.
Doylestown, which has a 39 percent renter share, saw an increase of 5.4 percent in the average rent compared with last year.
Levittown is next, with an average rent of $1,409 and a year-over-year increase of 9.2 percent. Bensalem follows close behind with a $1,364 average rent and an 8.2 percent increase over last year.
Finally, among the more budget-friendly places are Warminster and Morrisville at $1,353 and $1,206, respectively. Warminster saw its average rent increase by 2.9 percent, while the rent increase in Morrisville was 2.4 percent year over year.
Read more about the average rent prices in the Philadelphia area in RENTCafé.