Rittenhouse is great. I think there are advantages to living in an condo, but don't forget that a mortgaged condo also has monthly condo fees. Which, in some rare cases, are the same as rent (in addition to the mortgage). I sort of have looked into this before. You also have to start dealing with property taxes, etc.
I'd personally suggest (at least for your first year) just getting an apartment (two bedrooms are usually more affordable, so find a roommate). This gives you flexibility to live in Philadelphia, find out which areas of the city you like most, and then from there get a more permanent place. Or alternatively, make some really great friends your first year and move in together with them after your first summer. There are condos on the Delaware waterfront (near the Market-East Line that goes to Penn). There are some very affordable loft apartments near Logan Square that a lot of Drexel/Temple med students live in (gorgeous places for as low as $1200/month). There are some cute apartment in Washington West, Midtown Village, Queen Village, etc. that you may end up liking...and not really caring that your commute in the morning may be a bit longer.
If you like living on your own, you can find very affordable studio apartments for under $1000 in very nice areas of Rittenhouse. The more people you live with, generally...the nicer the place you can get at a reasonable price. It's only a year, so it's not a permanent investment. And to be honest, if you live in Rittenhouse, you should be out and about enjoying (studying in cafes, etc.) rather than being cooped up in your room all the time.
Good luck!
![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Tell Gaye to let me in off the waitlist when y'all visit next week.