HOUSING GUIDE 2020 WHARTON MBA - HOUSING DATA NEIGHBORHOODS EXPLAINED APARTMENT RATINGS - VeryApt
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
REVIEWS AND ADVICE FROM CURRENT STUDENTS WHARTON MBA HOUSING GUIDE 2020 HOUSING DATA TOP PROPERTIES NEIGHBORHOODS EXPLAINED LANDLORD INFO APARTMENT RATINGS RENTER RESOURCES Intelligent Apartment Search
TABLE OF CONTENTS GETTING THE MOST OUT OF THE GUIDE Start with the Housing Facts section. This section should help you determine the type of apartment you'd 5 HOUSING FACTS like to live in and how much you should expect to pay Our data on housing in rent. Read about different neighborhoods and narrow down your search to parts of the city that you like most. 6 NEIGHBORHOODS OVERVIEW Most popular neighborhoods for Use the Apartment Ratings section to identify the Wharton MBA students best apartment buildings across the categories (e.g. 7 Rittenhouse Square best amenities, highest rated) that matter most to you. 8 Fitler Square Visit VeryApt.com to read reviews, get pricing, and set 9 Logan Square up appointments for the apartments you like most. 10 Graduate Hospital 12 DATA TABLE ABOUT THE DATA IN THIS GUIDE Compiled from Wharton MBA student reviews All of the data in this guide are based on feedback from Wharton MBA students. We asked students to rate their apartments on a scale of 1-10 across six categories: 16 APARTMENT RATINGS Top apartments, based on the feedback of Wharton MBA students 16 Most Popular 18 Highest Rated 20 Best for Families 22 Best for Amenities Overall Value Management 24 Best for Value 25 Best for Property Service 26 Best for Pet Owners 28 LANDLORDS Ratings for landlords and management Amenities Location Safety companies Based on their feedback, we compiled a list of the best apartment buildings for Wharton MBA students. If you are interested in additional data that is not in the guide or have a housing question, you can reach us at contact@veryapt.com. DISCLAIMER: The reviews and ratings presented throughout the guide and the VeryApt website do not reflect the opinions, position, or endorsement of VeryApt. The responses and reviews presented are solely those of the survey respondents. VeryApt assumes no responsibility for readers' or users' interpretation of the data. The results do not in any way constitute a warranty or representation by VeryApt as to the quality, safety, or other features of a property. We encourage you to check all available sources of information about properties prior to renting.
Start your apartment search today! Visit VeryApt.com to read reviews, get pricing, and set up appointments for the apartments you like the most. Julia Rizio Head Concierge, Philadelphia Call/Text us at (215) 234-1719 and get connected directly with a juliar@veryapt.com concierge that will guide you through the rental process. 1 60-90 days 2 before move-in-date Use our personalized search Read renter reviews and our VeryApt’s apartment search algorithm makes neighborhood guides finding the perfect apartment seamless and Narrow your search by reading apartment easy. Want to live in a building with a fitness reviews from real renters and exploring our center, located in a happening neighborhood, neighborhood guides. Take a look at our which is a 20-minute bike ride from your curated “Signature Spots” to get a feel for your office? No problem! VeryApt’s personalized next apartment and its surrounding search will sift through thousands of available neighborhood. rentals to find you that perfect place to call home. 45-60 days before move-in-date 3 Connect with the VeryApt 4 Concierge Team 30-45 days Submit inquiries for your favorite apartments, before move-in-date and you’ll quickly get connected with VeryApt’s Sign your lease concierge team. They’ll send you exact Once you’ve found your perfect place, apply for availability, answer your questions, and even your next apartment and sign your lease online, make additional recommendations. Once you all with the guidance of your VeryApt have a short-list, we’ll take care of scheduling concierge. your tour and providing transportation from first stop to last! 5 15-30 days VeryApt makes finding before move-in-date Prepare to move the perfect apartment Your VeryApt concierge will make sure you’re prepped for your move. We’ve researched a breeze. Best of all, everything, including renter’s insurance, it’s always free for the parking permits, movers, furniture rentals, and more! renter! 3
Renters Excellent Service! LOVE They made my apartment search very easy. One website with every apartment. I selected the places I was interested in and they scheduled all my walkthroughs. They made it very easy. - MATTHEW A. VeryApt The most user-friendly application Real testimonials from our users The most user-friendly application and also the most VeryApt is ranked #1 for customer service in personable team behind the product. I had very the real estate category on TrustPilot 9.8/10 (162 reviews) specific requirements and Rebecca was able to help me find something that accommodated my needs in record time. Best. Thing. Ever. - LUIS P. Honestly, if there were 6 stars, I would have rated VeryApt 6 stars. I cannot express how easy VeryApt made the apartment hunting process for me. The level of service that VeryApt provides is excellent. The Excellent experience from start to finish website provides a wealth of information and the tools that you can use to help narrow down your search were Upon first contact, Julia talked me through all the basic fantastic. Additionally, you get to speak with someone requirements I had for a place, and put together a list of that helps you narrow it down even further, then sets places that were a great fit based on my preferences. up your viewings and accompanies you as you see the Julia (and VeryApt as a whole) were extremely flexible apartments. It is very helpful to have someone with you based on my schedule restrictions and change in that is knowledgeable about the renting process preferences, and planned out all the tours so all I had to because he or she knows what questions to ask on do was show up and focus on my future home. Julia your behalf. If I ever move again, I will definitely use helped immensely in answering (and asking) pertinent VeryApt and will absolutely recommend it to anyone questions during each tour, and kept tabs on me looking for an apartment. throughout the whole process. Even after I submitted my application, VeryApt checked in with me to make - JEREMY T. sure I was ok (and also provided a handy moving guide). Would definitely use again! - JEFF H. I recommend this website 100% The attention that was given was always on point. They answered all of my doubts at any hour, even if it was Let us help you find an apartment! very late, and always treated me as a friend, in a very professional way. My agent even showed me VISIT apartments via Facetime when I couldn’t be there in person to take a look. Also they respected me and VERYAPT.COM made it easy for my first experience moving out of my house! I will always be thankful. CALL/TEXT YOUR CONCIERGE TEAM - MICHELLE G. (215) 234-1719 4
Where Wharton MBA students Who Wharton MBA students live live with 50% Rittenhouse Square 45% Alone 30% Fitler Square 25% Spouse/partner 10% Logan Square 30% Roommate 5% Graduate Hospital (excluding spouse/ 5% Other partner) 7% of Wharton MBA students live with pets 3% of Wharton MBA students have children What type of properties What size residences Wharton Wharton MBA students live in MBA students live in 70% Large property (50+ 20% Studios units) 40% One bedrooms 25% Small property (2-9 units) 25% Two bedrooms 5% Mid-size property 15% Three or more (20-49 units) bedrooms Distribution of property ratings Average rent by apartment size $1,705 Studio $1,980 1BR $2,730 2BR 15% 20% 35% 30% $3,900 3BR 0 - 6.9 7 - 7.9 8 - 8.9 9+ Rent versus own Commute methods 97% Rent 3% Own 50% 30% 10% 10% Walking Public Ride Share Biking Transit 5
NEIGHBORHOODS EXPLAINED An overview of the most popular neighborhoods for Wharton MBA students 1 Rittenhouse Square 2 Fitler Square Other Neighborhoods 50% of Wharton MBA students 30% of Wharton MBA students Under 5% each Rittenhouse Square is located in Center Situated right along the Schuylkill River, City and is home to some of the city's Fitler Square is a quaint neighborhood 5 Fairmount best restaurants, shopping, and nightlife. full of old-school Philadelphia charm. It's The neighborhood has luxury high-rises part of a larger area more commonly with beautiful views of the the park and referred to as 'Schuylkill' that's also 6 Chinatown has quick access to popular transit. comprised of Devil's Pocket and Grays Ferry. 7 Bella Vista 3 Logan Square 4 Graduate Hosptial 8 Point Breeze 10% of Wharton MBA students 5% of Wharton MBA students Corporate offices and historic buildings, Single family homes populate Graduate including City Hall, span across Logan Hospital. An up and coming Square. While this neighborhood is a neighborhood, Graduate Hospital is a corporate hub, its wide streets also mix of established institutions and attract city events such as the trendy newcomers. South Street Philadelphia Marathon or Fourth of July continues to attract the most action, concert. accumulating restaurants and bars that add to this neighborhood's cool vibe. 6
Rittenhouse Square Luxury Properties in the Heart of Center City ABOUT RITTENHOUSE SQUARE Rittenhouse Square is located in Center City and is home to some of the city's best restaurants, shopping, and nightlife. The neighborhood has luxury high-rises with beautiful views of the the park as well as quick access to transit. Amazing Charm Independent Restaurants Central Location Higher Prices Great Public Transit Access MEDIAN RENTS IN RITTENHOUSE SQUARE $1,500 $1,900 $2,550 Studio 1 Bedroom 2 Bedroom WHAT RESIDENTS THINK ABOUT RITTENHOUSE SQUARE Review by MBA Student TOWNHOUSE APTS. Review by MBA Student 1527 SPRUCE ST Rittenhouse is a fantastic neighborhood to live in as a Rittenhouse Sq is the hub of Wharton social activity, but Wharton student. Not only are most of your friends and consider where in the neighborhood you are - east side classmates very nearby, but you can walk to school has more shops/restaurants but is farther from campus, (20-25 minute walk) as well as to other exciting grocery stores seem to be mostly NW of the square, neighborhoods. That said, there are plenty of SW is probably the quietest. South side (and anywhere restaurants and bars close by you may never feel the away from the square) tends to be cheaper, quieter, need to leave (although you should!!). more residential. 7
Fitler Square Quaint Neighborhood Full of Philadelphia Charm ABOUT FITLER SQUARE Situated right along the Schuylkill River, Fitler Square is a quaint neighborhood full of Philadelphia charm. It's part of a larger area more commonly referred to as 'Schuylkill' that's also comprised of Devil's Pocket and Grays Ferry. Renters rave about this area for the nearby parks and fantastic restaurants. Great Parks Walkable Quaint Trader Joe's Prime Location Public Transit Very Safe MEDIAN RENTS IN FITLER SQUARE $1,700 $2,200 $3,050 Studio 1 Bedroom 2 Bedroom WHAT RESIDENTS THINK ABOUT FITLER SQUARE Review by MBA Student RIVERLOFT APTS. Review by MBA Student 2205 LOMBARD ST Fitler square is primarily behind Riverloft (which faces I was looking for a more authentic Philly experience Walnut). You're really in Center City. The Fitler square outside of the heavily commercialized Rittenhouse neighborhood is amazing for walks with dog, running, Square area. Fitler Square is one of the most charming hanging out in the park, small cuter-type restaurants, and beautiful neighborhoods in Philly. Amazing location etc. Probably more attractive to couples, families, and next to a Starbucks, grocery store, bars, and many other lower-key students. A little bit of a walk (10 minutes) amenities. So happy to be here. Love this neighborhood. for bar scene, with exception to Pub and Bonners. 8
Logan Square Luxury High Rises and Corporate Office Buildings in Center City ABOUT LOGAN SQUARE Corporate offices and historic buildings, including City Hall, span across Logan Square. While this neighborhood is a corporate hub, its wide streets also attract city events such as the Philadelphia Marathon and the Fourth of July concert. Great Location Plenty of Restaurants and Bars Safe Clean Schuylkill River Trail Trolley Walkable MEDIAN RENTS IN LOGAN SQUARE $1,450 $1,950 $2,750 Studio 1 Bedroom 2 Bedroom WHAT RESIDENTS THINK ABOUT LOGAN SQUARE Review by Local Resident 2100 PARKWAY APTS. Review by MBA Student 1919 MARKET Logan Square is top tier and has been ranked the nicest With a lot of Wharton students living in this area, Logan neighborhood in Philly. You are in walking distance to Square's neighborhood is the best area for me to mingle two grocery stores (Trader Joe's and Whole Foods) and with my classmates. It feels safe and convenient. can go anywhere in center city in under 20 minutes walking. Walking from here to Annenberg takes approximately 30 minutes. Biking takes 10. 9
Graduate Hospital Revitalized Neighborhood That's Quickly Becoming a Hotspot ABOUT GRADUATE HOSPITAL Single family homes populate Graduate Hospital and the neighborhood is seen as a mix of established institutions and trendy newcomers. South Street continues to attract the most action, accumulating restaurants and bars that add to the cool vibe. Philly's Best Kept Secret Affordable Very Walkable Nice People Lots of Families MEDIAN RENTS IN GRADUATE HOSPITAL $1,440 $1,770 $2,500 Studio 1 Bedroom 2 Bedroom WHAT RESIDENTS THINK ABOUT GRADUATE HOSPITAL Review by MBA Student NAVAL SQUARE Review by MBA Student SANCTUARY LOFTS The Graduate Hospital area is up and coming and a I love Graduate Hospital -- outside the "Wharton great spot. It's close enough to Rittenhouse's bubble" it is less than a 10 minute walk from most of the restaurants but also has it's own set of restaurants. It's Wharton housing downtown, and I love being slightly full of young professionals, especially medical folks. It's away from the major crowd. It is a fantastic very family friendly. It's close to the South Street Bridge, neighborhood -- lovely neighbors, good bars and easy which I feel is a safer/easier bridge to bike/walk across grocery store, with more opening by the minute. It is to University City. much more comfortable to me than Rittenhouse Square neighborhood as well, with more affordable housing. 10
APARTMENT KEY Excellent for a category RATINGS •••• $$$$ $2190+ per renter ••• Great $$$ $2040- $2189 •• Average $$ $1800- $2039 • Below average $ < $1800 * Prices subject to change and may vary significantly by room type s ilie e lar nt yp ts Fam ge me pu Pe yT s an itie Po ge for for er t R g y en l na lue cia st tin fet ce p st st Am Mo Ma Pro Pri Va Ra Be Be So Sa 1210 Chestnut Apt 8.3 $$ •• ••• •••• •••• •••• 1213 Walnut Apt 10.0 $$$$ •••• •••• •••• •••• •••• 1600 Chestnut Apt 8.3 $ •••• •• •••• • •• 1613 Spruce Street Apt 8.0 $ ••• •• •••• •• ••• 1700 Chestnut Apt 8.3 $$ •••• •••• ••• ••• •• 1828 Spruce Street Apt 7.2 $ •• •• ••• •••• •• 1919 Market Apt 9.0 $$$$ ••• •••• •• •••• ••• 1920 Pine Street Condo 8.0 $$ •• • •••• •••• •• 2040 Market Apartments Apt 8.0 $$$ •• •• •••• ••• •• 2112 Chancellor Street Condo 9.0 $$$$ •• •• ••• •••• •• 2115 Spruce Street Apt 7.5 $$$ •• • •• ••• •• 2116 Chestnut Apt 8.2 $$$$ •• ••• ••• •••• •• 222 Rittenhouse Apt 8.6 $$$ •• • •• •• •• 2225 Spruce Street Apt 8.0 $ • ••• •• •• •••• 226 S 21st Street Apt 7.0 $ •• •• •• ••• ••• 23: A Condominium Apt 8.0 $$$ ••• •• •• •• •••• 2400 Chestnut Apartments Apt 8.2 $ •••• ••• ••• ••• ••• 2400 South Apt 8.2 $$$ •• •• •• •••• •••• 317-19 S 20th Street Apt 8.0 $ •••• • •• •• •••• Arrive University City Apt 8.5 $$$ ••• ••• •••• ••• •••• Icon Apt 7.4 $$$ • •••• •• ••• •• Lippincott Mansion Apt 8.8 $ •• ••• •••• •••• •• Locust on the Park Apt 8.4 $$$ ••• •••• •• •• ••• ** Buildings with fewer than 3 reviews or ratings below 7.0 are not listed in this guide but reviews can be found online at VeryApt.com. 12
APARTMENT RATINGS s ilie e lar nt yp ts Fam ge me pu Pe yT s an itie Po ge for for er t R g y en l na lue cia st tin fet ce p st st Am Mo Ma Pro Pri Va Ra Be Be So Sa Naval Square Condo 9.8 $$ •••• •••• ••• •••• •••• NorthXNorthwest Apt 7.3 $ ••• ••• ••• •••• •• One Riverside Condo 10.0 $$$$ •• • •• •• •• Park Towne Place Premier Apt 7.9 $ •• •••• ••• •• •• Rittenhouse Claridge Apt 7.7 $$ ••• ••• •• ••• •• Riverwest Condominiums Condo 6.7 $ •• •• ••• •• •• The Atlantic Condo 10.0 $$$$ •••• •••• •••• •• •••• The Beacon Apt 9.2 $$$$ •••• •••• •••• •••• ••• The Belgravia Condos Condo 8.5 $$ ••• ••• ••• •• •••• The Carlyle Apt 7.3 $ • •• •• •• ••• The Dorchester Condo 7.8 $$$$ •• •• •• •• •••• The Ellington Condo 8.3 $$ ••• •• •••• • •• The Harper Apt 10.0 $$$$ •••• •••• •• ••• •••• The Hutton Condo 7.5 $$$ • •• ••• •• •• The Latham Apt 7.6 $ •••• ••• •• •• ••• The Lofts at 1835 Arch Street Apt 8.6 $$ •••• ••• •• •• ••• The Pepper Building Apt 7.9 $$ •••• ••• ••• •• ••• The Republic Apt 5.9 $$$$ • •• •• •• •• The Rittenhouse Savoy Condo 7.3 $$ •• •• ••• • •• The Riverloft Apartments Apt 7.8 $$$$ ••• •• • •• •• The Sterling Apartments Apt 8.4 $$$ ••• •••• ••• ••• •• The Wanamaker House Condo 7.7 $$ •• •• ••• ••• •• The Warwick Condos Condo 9.0 $$ ••• •••• •••• •• ••• ABOUT OUR CATEGORIES Living Situation Ratings Property Type Families How students with partners and/or children rated the building. Pet Owners How students with pets rated the building. Apartment (Apt) Properties with one building manager. Often have consistent pricing/features. Building Quality Ratings Condo Properties with multiple owners. Lease terms and features can vary significantly by unit. Management Maintenance and service quality. Amenities In-room and building features beyond the basics. Key Building Factor Ratings Value Building quality given cost of rent. Overall Rating Overall feedback on building quality. Social Building community and social scene. Popularity Estimated # of students in the building. Safety Building neighborhood safety. 14
MOST 1 st 2116 CHESTNUT Fitler Square $$$$ 70+ PEOPLE POPULAR Popular Wharton MBA Buildings READ MORE REVIEWS AT VERYAPT.COM Review by Wharton MBA Student LIVING IN PHILLY “I love the building. Most of the Wharton community lives there, and it is easy from a social perspective. The common rooms are great, we do a lot of events there. I strongly recommend having a Words of wisdom from a former wooden floor instead of carpet. Overall, great experience!” WGA President 2 nd RITTENHOUSE CLARIDGE $$$ 45+ PEOPLE Tell us about the WGA and your role as President. Rittenhouse Square, 201 S 18th St “The Wharton Graduate Association (WGA) is a 100% student-run organization that drives all student activities and initiatives related to academic, career, and social life at Wharton. WGA advocates on behalf of the entire Wharton student body, interacts with faculty and administration, and operates an entirely independent 501(c)3 organization with a $5M+ operating budget. As president, I lead a team of 30+ students working on behalf of the student. I also set our strategic goals for the year and spearhead WGA initiatives. I am super excited to welcome our incoming class!” Review by Wharton MBA Student “My roommate and I love this building. The rent is awesome for What do you enjoy most about living in Philly? everything we get. We have an amazing view of Rittenhouse Square, love the location, management/maintenance is “I most enjoy how close I live to many of my friends. Most Wharton responsive and nice, and the 2nd floor amenities are great. We students live in the Rittenhouse neighborhood, so essentially each signed a 1 year lease but are sure that we will be extending!” of my friends lives within 10 square blocks from me. This makes it easy to hangout and build strong ties, when we are off campus. I also love BYO restaurants, and Philly is famous for this!” 3 rd 1919 MARKET $$$$ 35+ PEOPLE How do you find a roommate? Logan Square “I have 2 roommates currently and I knew them before school. We all applied together and got in! If this wasn't the case, I could have easily found potential roommates at Welcome Weekend or the admitted students happy hours hosted in each city (NYC, DC, SF etc.).” Chanel is from Union, NJ and is a former WGA President at Wharton. Review by Wharton MBA Student “Modern interior and prime location. The building management are friendly and very approachable. Love living in the building, everything is clean and the neighbors are friendly. Close to supermarket and local restaurants. Public transport is excellent!.” 16
HIGHEST 1 st 1213 WALNUT Midtown Village, 1213 Walnut St $$$$ 9.6 OVERALL RATED RATIING Buildings with the best overall ratings READ MORE REVIEWS AT VERYAPT.COM Review by Wharton MBA Student MOVING TO “I literally love living in this building! The management is amazing. I haven't had a single issue with them. The building is PHILADELPHIA very well maintained, the staff is super nice, and its a very secure building. It's a few blocks out of the "Wharton bubble" but literally right near where everyone goes to go out or have social Getting adjusted to life in Philly events. There are four bus options right outside and the trolley is about two blocks away. Wharton students can literally take a straight shot to class.” Do you have any suggestions on where incoming students should think about living? 2 nd “I would think about how you want to spend your time outside of ICON $$ 9.5 OVERALL class. I live near the northeast corner of Rittenhouse Park and I love Rittenhouse Square, 1616 Walnut St RATIING it. There are tons of popular restaurants, bars, and shops nearby, though Trader Joe’s and 2401 are a bit far (i.e., more than 10 mins away). My building is great—I don’t need to pay for a gym or trek over to Pottruck, there’s a great lounge (with free printing!) and roof to have people over to, utilities are included so I only pay for rent and internet, etc. There are several Wharton students in my building, so I can always carpool to class but not too many that I’m worried about running into someone every time I leave.” Review by Anonymous Can you give us some quick advice about adjusting to school and Philadelphia? “Amazing apartment building, great staff, quick to respond to issues, centrally located, a lot of young people in building (Wharton and professionals). THE BEST ROOF IN PHILLY.” “I absolutely love Wharton and Philadelphia, but it’s easy to get overwhelmed. I think it’s important to explore as much as possible early on because both Wharton and Philly have so much to offer, but I think the people who are really able to take advantage of being 3 rd here are the ones that can quickly identify what they want to 1919 MARKET $$ 9.2 OVERALL prioritize. Things will always come up, but to the best of your ability, Logan Square, 1919 Market St RATIING understand what you really want to commit to and be honest with your ability to meet those commitments, for your own sake and the sake of others.” What are some of your favorite local spots in Philly? “I love grocery shopping at Hung Vuong (the Vietnamese supermarket). It’s inexpensive and there are several good restaurants nearby. Gran Caffe L’Aquila was the first restaurant I ate at when I first moved to Philly and is nice for large group special Review by Wharton MBA Student events.” “The rooftop is a great hosting space and it's cheap to rent. Right down the street from Trader Joes in one direction, and the Trolley Stop is on the corner of the other (so it's 15 minutes from my Cessna is from Arlington, TX, loves yoga, and previously served as WGA door to Huntsman in the morning). Rooms are modern, ample ’19 Cluster 4 President. light, and if you face away from Market it's very very quiet.” 18
BEST FOR 1 st 2116 CHESTNUT Fitler Square, 2116 Chestnut St $$$$ FAMILIES Highest rated properties by couples and families READ MORE REVIEWS AT VERYAPT.COM Review by Graduate Student PARTNERS AND “The apartments are very spacious, bright and provide a lot of storage room. Great location (close to Center City and 2401), FAMILIES nice management (especially guards and engineers), fantastic amenities (gym, party room, grills, hot tub, business center is perfect to host group meetings).” Advice from a former Wharton parent 2 nd What should incoming students/partners know about moving to 2400 CHESTNUT APARTMENTS $$ Philly with a partner and/or children? Fitler Square, 2400 Chestnut St “They are welcome! Both at Wharton and in Philadelphia, having a family has been an incredible experience. Families are always welcome at Wharton events and Philadelphia is full of opportunities to explore and create memories. If you have school aged children, there are great places to live in great school districts, I suggest Fitler Square.” What is your favorite family-friendly spot in Philly? Review by Drexel LeBow Student “This is actually a really hard question, there are so many fun spots “If you do not have a low budget for a place to stay and are in Philly. To pick one, I would say the Philadelphia Zoo. It’s right in looking for a safe apartment, building, great amenities and rental town and our kids love all of the animals and interactive exhibits. A company 2400 Chestnut is for you. It is right in the middle of season pass is inexpensive and it’s so close you can go for an hour everything 30th street train station, the highway, 13 minute walk to school and nightlife everywhere. You also get a free gym, or all day depending on your schedule that day.” cable included and an incredible skyline view of the city or the Schuylkill river walk, which you are right next to with access from Do you have any suggestions on where incoming students should the chestnut st bridge.” think about living? “If you have a family I highly recommend living in Fitler Square. It’s 3 rd in the best school district in Center City, is a close walk to campus, close walk to Rittenhouse Square and 2401, is filled with parks and NAVAL SQUARE $$$$ great restaurants, and has a great family vibe. If you’re coming in Devil's Pocket, 1 Academy Cir single or without kids, then most of Wharton lives in Rittenhouse Square in the various high rises, the apartments on 17th and Ionic St are very unique and are close to everything.” George Dutile lived with his family of four while he studied for his MBA at Wharton. Review by Shannon, Graduate Student '14 “Naval Square is amazing. The condo comes with a parking space, access to gym and outdoor pool access. The location is very nice with a large green space in front, active management and dog friendly. It is also very family friendly.” 20
BEST FOR 1 st ARRIVE UNIVERSITY CITY $$$ University City 9.8 AMENITY AMENITIES RATING Highest-rated properties for amenities READ MORE REVIEWS AT VERYAPT.COM Review by Anonymous What top amenity properties typically offer: “I chose to live here because I thought it would make everything about 1L "easier" - and to the extent that a living situation can make things easier, it has! It's a 4 minute walk to school, extremely quiet (can't hear my neighbors at all), has a gym, and parking (for an additional fee - but I've found I really don't need a Great common spaces car here at all), is clean, and has great mail service. If you're looking for an easy place to live that has it all, this is the place” Convenient location Excellent management 2 nd Newer construction GRIFFIN CENTER CITY $$$$ 9.7 AMENITY Midtown Village RATING TOP 10 ARRIVE UNIVERSITY Review by Wharton MBA Student 1st CITY 9.8 AMENITY RATING “I love it here. Awesome location, high end amenities, incredible views, and friendly young professional neighbors. While the Griffin isn't cheap, it's still a much better deal than comparable 2nd GRIFFIN CENTER CITY 9.7 AMENITY RATING options near Rittenhouse and the Midtown Village neighborhood has a lot more going on. Highly recommend!” PRESIDENTIAL CITY 3rd APARTMENTS 9.6 AMENITY RATING 3 rd PRESIDENTIAL CITY APARTMENTS 9.6 $$ 4th EDGEWATER 9.5 AMENITY RATING West Philadelphia AMENITY RATING PARK TOWNE PLACE 4th PREMIER 9.5 AMENITY RATING 6th NAVAL SQUARE 9.4 AMENITY RATING 7th 1919 MARKET 9.3 AMENITY RATING Review by Chantee, Wharton MBA Student “For the unconventional who want to live outside of Rittenhouse, Presidential offers great amenities such as Infinity Swimming 8th 3737 CHESTNUT 9.1 AMENITY RATING Pools, Hot Tubs, Steam Rooms, work out facilities and free classes, study rooms, and front door attendants.” 9th 1700 CHESTNUT 9.0 AMENITY RATING FRANKLIN TOWER 9th RESIDENCES 9.0 AMENITY RATING 22
BEST FOR 1 st 1613 SPRUCE STREET Rittenhouse Square, 1613 Spruce St $ 9.6 VALUE VALUE RATING Buildings with the Best Bang for Your Buck READ MORE REVIEWS AT VERYAPT.COM Review by Wharton MBA Student See below for an insider's note: “The apartment is good value for money. It has good amenities and is in a pretty good location with the cheapest rent prices I could find.” Neighborhood Affordability 2 nd How rent varies by neighborhood 1920 PINE STREET 9.5 Rittenhouse Square, 1920 Pine St $$ VALUE RATING Renting with roommates in a 3BR is the cheapest option. Average rent per person for a 3BR is right around $1,300 and can decrease based on the neighborhood you choose. To give you a better sense of local neighborhoods and pricing, here is a breakdown of what it costs to rent a 1BR: Review by Wharton MBA Student “Best deal in Rittenhouse on a sq ft/ price basis and great location - building is old and not recently renovated though, so Logan Square: have to deal with things breaking, non-secure front door, etc.” $1,825 3 rd Rittenhouse Square: 1213 WALNUT $ 9.3 VALUE $1,790 Midtown Village, 1213 Walnut St RATING Fitler Square: $1,700 Graduate Hospital: $1,570 Review by Wharton MBA Student Washington Square West: “I love 1213 Walnut. The amenities are amazing and $1,525 management is extremely involved and receptive. Whenever there is an issue, they take care of it. They have really thought of everything here and they work hard to make our experience University City: better each day. They also do a lot of fun community happy hours and events! The building is also extremely pet friendly and $1,250 a lot of tenants have dogs.” Spruce Hill: $1,070 Powelton Village: $1,025 24
BEST FOR 1 st 1213 WALNUT Midtown Village $$$$ 9.8 SERVICE PROPERTY RATING SERVICE Properties with the highest management ratings Review by Wharton MBA Student READ MORE REVIEWS AT VERYAPT.COM “I absolutely love living at 1213 Walnut. The facilities are meticulously maintained, the staff is friendly and welcoming, and What well-managed properties typically offer: the amenities are beautiful." Responsive to maintenance requests 2 nd 317-19 S 20TH STREET $ 9.7 Friendly and Rittenhouse Square SERVICE RATING accommodating staff Proactive about building issues Seamless leasing process TOP 10 Review by Wharton MBA Student “Apartment is nice, just old like any brownstone and has some "old" problems as a result, but management company is very responsive to any problems.” 1st 1213 WALNUT 9.8 SERVICE RATING 3 rd 2nd 317-19 S 20TH STREET 9.7 SERVICE RATING THE ATLANTIC $$$$ 9.6 SERVICE Rittenhouse Square RATING 3rd THE ATLANTIC 9.6 SERVICE RATING 4th THE HARPER 9.5 SERVICE RATING 5th THE BEACON 9.3 SERVICE RATING Review by Wharton MBA Student THE LOFTS AT 1835 “The Atlantic is a beautiful building only a 10-15 min walk from 6th ARCH STREET 9.1 SERVICE RATING Rittenhouse Square. It has been open for ~1yr. You are readily located to the subway/trolley system as well as Midtown village which has great restaurants and bars. In general the building’s 2400 CHESTNUT residents aren’t students but rather working professionals.” 7th APARTMENTS 8.9 SERVICE RATING 8th THE PEPPER BUILDING 9.0 SERVICE RATING 9th 1600 CHESTNUT 8.7 SERVICE RATING 10th 1700 CHESTNUT 8.6 SERVICE RATING 25
BEST FOR 1 st 2116 CHESTNUT Fitler Square, 2116 Chestnut St $$$$ PET OWNERS Highest-rated properties for pet owners READ MORE REVIEWS AT VERYAPT.COM Review by Wharton MBA Student See below for an insider's note: “I've really enjoyed living in 2116 Chestnut - the floor to ceiling windows that comprise an entire wall of my apartment create the feeling of floating above the city. I never get tired of watching the sun set past the Schullykill River, the traffic stream by on the expressway, the freight and Amtrak trains passing by, etc. - very Top Dog Parks in Philly relaxing when you need to unwind after a busy week of recruiting or finals. It's a very spacious studio, with a full kitchen Take Your Fury Friend on a Stroll area and plenty of closet space. Pets are allowed, and there's parking but the monthly rate for the garage is steep.” People with dogs know how difficult it can be to find a safe, clean, pet-friendly park. We've taken the liberty of researching and finding the top 2 nd 2115 SPRUCE STREET $$$$ dog parks in Philadelphia for you. Fitler Square, 2115 Spruce St Schuylkill River Park Dog Run: Located in Fitler Square, this dog park is known as the fanciest in Philadelphia. It's a synthetic grass courtyard on the river that has a $14,000 drinking fountain. Review by Wharton MBA Student “I like our apartment a lot. The location is great, it's plenty of Seger Park Dog Run: space, great having 3 bathrooms, and the kitchen is really nice. Overall SRS is a good, responsive management company." Seger Park is located in Washington Square West and is well-kept with a fenced-in dog run 3 rd that takes up nearly 10,000 square feet. It's a 2040 MARKET APARTMENTS $$$ pretty low-key park and all dogs are welcome. Logan Square, 2040 Market St Chester Avenue Dog Park: Found right near Wharton in University City, this park runs on a membership basis. When you sign up, you'll have access to a kiddie pool + free balls and toys. Review by Wharton MBA Student “Apartment is really big for a 1BR 1BA right on Market street and Columbus Square Dog Park: across the street from Trader Joes. Other apartments this size in this area go for up to 3k more per month, so this is great value. Has a balcony but not a super fancy common area, but that was never an important factor in our search. Gym is small but has This park, situated by 12th and Reed Streets, is pretty good equipment, most notably a Peloton machine. Also a bit farther from the typical Wharton super dog friendly!” neighborhoods but it's well worth the trip. It's a large fenced-in gravel square with tree stumps for climbing and picnic tables for owners. 26
Brownstones Smaller properties and how to find them ABOUT BROWNSTONES Brownstones are apartments in older buildings, typically a few stories tall. They Finding a brownstone usually do not have a doorman, an elevator, Brownstones can be challenging to find because they tend to be or many amenities, but can be cheaper and individually owned and do not have full time leasing managers. more spacious than the apartment and Brownstone listings are typically available ~60 days in advance. condo units in high-rises. You can find a brownstone by searching online listings, contacting WHY YOU SHOULD CONSIDER A BROWNSTONE a landlord directly, or by working with VeryApt's Concierge Team who can help identify some options. CHEAPER LARGER FLOOR PLANS 3+ BEDROOMS AVAILABLE MORE PRIVACY Preparing for a brownstone search Most Wharton students opt for larger properties in order to live WHY YOU MAY WANT TO AVOID A BROWNSTONE closer to other students and simplify the housing search. That said, there are plenty of wonderful brownstones - be prepared to visit NO DOORMAN LESS CONVENIENT LOCATIONS more properties to find that perfect home, carefully examine the OLDER CONSTRUCTION LIMITED AMENITIES pros/cons, and move quickly if you find a unit you love. MORE MAINTENANCE ISSUES TIPS AND ADVICE Reliable Landlords Noise and Neighbors Lease Terms Check online reviews and talk to Sounds often travel well through Leases with independent landlords previous tenants to find out about brownstones and you can easily be are negotiable. Check your lease for your landlord. Look for one that disturbed by barking dogs, music, or restrictions on sub-letters and visitor responds quickly to maintenance construction. Check out the policies. You may be able to avoid a requests and has a history of surrounding area to get a sense for rent increase by locking in a longer returning deposits. what it may be like. lease.
LANDLORD GRADES and the Renting Process GRADE LANDLORD Understanding A+ 2400 Chestnut Associates THE RENTING PROCESS B+ SRS Real Estate If this is your first time renting, here is a heads up on what the process is like: C Scully Company A- AIMCO Application process B+ AMC Delancey You will be asked to fill out an application for an apartment. Likely this will include an application fee B Addison Real Estate ($30-50) and potentially a deposit (up to one A- Allan Domb month’s rent). If you’re an international student, you may have to provide alternate information - in the B Alterra Property Group absence of a social security number, bank accounts, etc., often landlords will accept your visa documents A- Asset Campus Housing and acceptance letter. Landlords will use your A Bozzuto Management information to approve you based only on your credit history and income. In the event where there are C+ Centra Associates issues, a landlord may grant the application on the A Forest City condition that a guarantor cosigns the lease. A- Greystar After you're approved A- Kaiserman Company A landlord will often ask for a security deposit and prepaid rent. A landlord typically charges up to two A+ Korman Residential Properties months' rent as a security deposit and will ask for up A+ LCOR Inc. to two months in prepaid rent. Anything beyond this is more than normal. At the end of your lease and B+ Michael Singer Real Estate after you give proper notification that you are moving out (typically 60-90 days), the landlord has C PMC Property Group 30 days to return the security deposit at the end of A- PRDC Properties the lease. The landlord may not return the deposit in full if there are claimed damages to the property or C Panco Management other charges outstanding. A- Pearl Properties A- Post Brothers Real Estate What to look out for Check for additional charges or obligations that could A- Reinhold Residential cost you more than the listed price of a property. This could include move-in/move-out fees, renters A Rittenhouse Management Company insurance requirements, condo fees, common A- Turchi Properties electrical fees, etc. Definitely ask about what previous electrical/utility bills have been to get a feel for any additional monthly costs there may be. Be sure to research the landlord and management company Landlord Grades before placing any sort of deposit. If you have any Grades were assigned to landlords by using a specific questions, feel free to reach out to us at combination of management ratings and overall contact@veryapt.com. ratings for the properties they manage. 28
FOR DETAILED REVIEWS AND PERSONALIZED RECOMMENDATIONS VISIT WWW.VERYAPT.COM
You can also read