Cheap Apartments for Rent in Cheltenham, PA from $500 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in Cheltenham.

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.

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.

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714-718 Rhawn St
1 to 2 Bedroom Apartments

714-718 Rhawn St

714-718 Rhawn StPhiladelphia, PA 19111
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Afton Park Apartments
Studio to 2 Bedroom Apartments

Afton Park Apartments

1006 Afton StPhiladelphia, PA 19111
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Boulevard Gardens
1 to 2 Bedroom Apartments

Boulevard Gardens

4801 Summerdale AvePhiladelphia, PA 19124
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Treeview Manor Apartments
Studio to 1 Bedroom Apartments

Treeview Manor Apartments

6620-6630 N 5th StPhiladelphia, PA 19126
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Grange Apartments
Studio to 2 Bedroom Apartments

Grange Apartments

5800 N 16th StPhiladelphia, PA 19141
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Cheltenham Station
Studio to 2 Bedroom Apartments

Cheltenham Station

6810 Martins Mill RdPhiladelphia, PA 19111
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1015-1023 Afton St
Studio to 2 Bedroom Apartments

1015-1023 Afton St

1015-1023 Afton StPhiladelphia, PA 19111

Cash 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.

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3901 on the Boulevard
1 to 2 Bedroom Apartments

3901 on the Boulevard

3901 Roosevelt BlvdPhiladelphia, PA 19124
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Jason Court Apartments
1 Bedroom Apartments

Jason Court Apartments

6614-6620 Oxford AvePhiladelphia, PA 19111
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Oaklynne
Studio to 1 Bedroom Apartments

Oaklynne

6610 N 8th StPhiladelphia, PA 19126
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Bentley Manor
Studio to 2 Bedroom Apartments

Bentley Manor

1410 W 72nd AvePhiladelphia, PA 19126
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8248 Rockwell Avenue
Studio to 2 Bedroom Apartments

8248 Rockwell Avenue

8248-8250 Rockwell AvePhiladelphia, PA 19111
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440 Old York Rd
Studio Apartments

440 Old York Rd

440 Old York RdJenkintown, PA 19046
Senior Living
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Fernrock Apartments
Studio to 2 Bedroom Apartments

Fernrock Apartments

6022-6038 Warnock AvePhiladelphia, PA 19141
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515 Stahr Rd
1 to 2 Bedroom Apartments

515 Stahr Rd

515 Stahr RdElkins Park, PA 19027
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Godfrey Arms
Studio to 2 Bedroom Apartments

Godfrey Arms

1725-1775 W Godfrey AvePhiladelphia, PA 19141
  • Utilities Included

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.

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Huntingdon Manor
1 to 2 Bedroom Apartments

Huntingdon Manor

925 Huntingdon PikeHuntingdon Valley, PA 19006
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McKinley Gardens
1 Bedroom Apartments

McKinley Gardens

533-535 Mckinley StPhiladelphia, PA 19111
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Barrie Place
1 to 2 Bedroom Apartments

Barrie Place

7900 Algon AvePhiladelphia, PA 19111
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Cheltenham, PA Local Guide

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. Algon Gardens in the Mayfair neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Cheltenham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Lane Court Apartments0/1.0Studio,1BA$750
Algon GardensAG| StudioStudio,1BA$800
Oaklynne1BR/1.0BA1BR,1BA$895
Ivy Hill GardensSTUDIOStudio,1BA$900
Tyson Arms ApartmentsTyson Arms ApartmentsStudio,1BA$910
Academia SuitesStudioStudio,1BA$939
YONOStudioStudio,1BA$970
Fernrock ApartmentsFernrock 1 Bedroom1BR,1BA$1,026
Godfrey ArmsGodfrey Arms 1 Bedroom 1 Bath1BR,1BA$1,050
Olney Plaza1 Bedroom1BR,1BA$1,075

Best Value Apartments for Rent in Cheltenham, PA and Nearby

As of November 06, 2025 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 2 Bedroom Model at Olney Plaza starting at $1,215 with a $1.23 price per square foot in the West Oak Lane neighborhood. Here is today’s list of the best values for Cheltenham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wyncote HouseTwo Bedroom2BR,1.5BA$1.51
Olney Plaza2 Bedroom2BR,1BA$1.23
Brand New Grange Ave Luxury Apartments2BR/2.0BA2BR,2BA$1.63
Montclair Duplex Apartments2nd Floor2BR,1BA$1.54
Spencer PlaceSpencer Place 2 Bedroom 1 Bath Large2BR,1BA$1.41
Bentley ManorBentley Manor 1 Bedroom 1 Bathroom1BR,1BA$1.47
Mandela Apartments1bed/1bath1BR,1BA$1.60
Regency Park1A1BR,1BA$1.53
Oaklynne1BR/1.0BA1BR,1BA$1.38
Academia SuitesStudioStudio ,1BA$1.57

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don'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.

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The 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.

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Pet Friendly Lifestyle

Ranked #

Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $895 at Oaklynne.

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 $1,068 at Fernrock Apartments.

What is the most affordable Cheltenham Three Bedroom Apartment?

The best deal on a cheap Cheltenham Three Bedroom Apartment rental is at Oxford Apartments and starts from $1,645.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.