
Cheap Apartments for Rent in Cheltenham, PA from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Cheltenham.


Cheltenham Station

Olney Plaza

Hillside Garden

Ivy Hill Gardens

Total Monthly Price
Tyson Arms

Melrose Court Apartments

Academia Suites
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

YONO

Total Monthly Price
Oxford Apartments

Stevenson Terrace Apartments

Park Chase Apartments

Algon Gardens

Lawndale Apartments

The York House 55 Plus

7408 - 7428 Alma St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

714-718 Rhawn St

Afton Park Apartments

Boulevard Gardens

Treeview Manor Apartments

Summit House Apartments - Senior Housing

1015-1023 Afton St

3901 on the Boulevard

Jason Court Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Oak Lynne Apartments

8248 Rockwell Avenue

440 Old York Rd

Fernrock Apartments

515 Stahr Rd

Godfrey Arms

McKinley Gardens

Barrie Place
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Cheltenham, PA Local Guide

How much does it cost to rent an apartment in Cheltenham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheltenham Studio Apartments | $1,093 | $750 | $2,056 |
| Cheltenham 1 Bedroom Apartments | $1,377 | $850 | $2,545 |
| Cheltenham 2 Bedroom Apartments | $1,916 | $1,249 | $3,834 |
| Cheltenham 3 Bedroom Apartments | $2,265 | $1,495 | $2,690 |
Browse Top Apartments in Cheltenham
See all Apartments in CheltenhamExplore Cheltenham
Cheltenham, PA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Cheltenham Apartments for Rent and Nearby
 The cheapest available apartment rental in Cheltenham, PA is a Studio unit found at Oak Lane Court Apartments in the West Oak Lane neighborhood priced from $750. Olney Plaza in the West Oak Lane neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here is today’s list of the most affordable Cheltenham apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Lane Court Apartments | 0/1.0 | Studio,1BA | $750 |
| Olney Plaza | Studios | Studio,1BA | $850 |
| Ivy Hill Gardens | STUDIO | Studio,1BA | $900 |
| Tyson Arms Apartments | Tyson Arms Apartments | Studio,1BA | $910 |
| Academia Suites | Studio | Studio,1BA | $978 |
| YONO | Studio | Studio,1BA | $980 |
| Oxford Apartments | 1 Bed 1 Bath | Classic JR | 1BR,1BA | $1,005 |
| Lawndale Apartments | 1 Bed 1 Bath | Renovated | 1BR,1BA | $1,095 |
| 7408 - 7428 Alma St | 1 BR 1BA | 1BR,1BA | $1,100 |
| The York House 55 Plus | Studio | Studio,1BA | $1,100 |
Best Value Apartments for Rent in Cheltenham, PA and Nearby
As of March 23, 2026 the best value apartment in the Cheltenham area is the $1.51 price per square foot Two Bedroom Model at Wyncote House in the in the Wyncote Jenkintown neighborhood starting from $1,635. The second greatest value Cheltenham apartment is the 2nd Floor Model at Montclair Duplex Apartments starting at $1,495 with a $1.57 price per square foot in the Ryers neighborhood. Here is today’s list of the best values for Cheltenham apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wyncote House | Two Bedroom | 2BR,1.5BA | $1.51 |
| Montclair Duplex Apartments | 2nd Floor | 2BR,1BA | $1.57 |
| Audubon Apartment Homes | 1 Bed 1 Bath | Renovated | 1BR,1BA | $1.53 |
| 508 Central Ave, Unit Apt. #1 | 508 Central Ave | 1BR,1BA | $1.81 |
| Emerson Flats | Fully Renovated One Bedroom | 1BR,1BA | $1.79 |
| Elkins Park Terrace | 1 Bedroom | 1BR,1BA | $1.66 |
| Mandela | Beautiful Remodeled Unit | 1BR,1BA | $1.60 |
| Tacony Crossing | 1 Bed, 1 Bath | 1BR,1BA | $1.75 |
| Broad Oak Apartments | One Bedroom Units | 1BR,1BA | $1.71 |
| 7408 - 7428 Alma St | 1 BR 1BA | 1BR,1BA | $1.57 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly Lifestyle
Ranked #
Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Cheltenham, PA Rentals by Map
See the most popular apartments and homes in Cheltenham, PA
Frequently Asked Questions about Cheap Cheltenham Apartments
What is the Cheapest Studio apartment in Cheltenham?
Currently the most affordable Cheap Studio Apartment in Cheltenham is at Oak Lane Court Apartments listed at $750.
How much is rent for a Cheap One Bedroom Cheltenham Apartment?
The lowest price for a Cheap One Bedroom Cheltenham Apartment is $1,000 at Ivy Hill Gardens.
What is the lowest price for a Cheap Two Bedroom Cheltenham Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Cheltenham is starting from $1,250 at Oak Lane Court Apartments.
What is the most affordable Cheltenham Three Bedroom Apartment?
The best deal on a cheap Cheltenham Three Bedroom Apartment rental is at 100 York Apartments and starts from $2,250.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.