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Philly-area renter households make $22,300 less than they need to afford a typical apartment for rent

Renters can afford median asking rents in only five of the 33 major metropolitan areas that Redfin analyzed. Just 35% of Philadelphia-area renters can afford the typical new lease.

In the Philadelphia metropolitan area, just 35% of renter households make enough money to pay $1,948 a month, the median price of an apartment for rent this spring, according to an analysis by Redfin.
In the Philadelphia metropolitan area, just 35% of renter households make enough money to pay $1,948 a month, the median price of an apartment for rent this spring, according to an analysis by Redfin.Read moreMatt Rourke / AP