Cheap Apartments for Rent near Cheltenham, PA from $740 (66 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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1015-1023 Afton St
Studio to 2 Bedroom Apartments

1015-1023 Afton St

1015-1023 Afton StPhiladelphia, PA 19111
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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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1807 widener place
1 Bedroom Apartments

1807 widener place

1807 Widener PlPhiladelphia, PA 19141
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6649 N 16th ST
1 to 2 Bedroom Apartments

6649 N 16th ST

6649 N 16th StPhiladelphia, PA 19126

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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
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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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Fox Chase Gardens
Studio to 2 Bedroom Apartments

Fox Chase Gardens

8049 Pine RdPhiladelphia, PA 19111
Corporate Housing

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.

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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. 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 ListingModel NameBed/BathPriced From
Oak Lane Court Apartments0/1.0Studio, 1BA$750
Olney PlazaStudiosStudio, 1BA$850
YONOStudioStudio, 1BA$868
Oaklynne1 Bed 1 Bath1BR, 1BA$895
Algon GardensAG| Studio JrStudio, 1BA$900
Ivy Hill GardensSTUDIOStudio, 1BA$900
6649 N 16th ST1BR/1.0BA1BR, 1BA$950
Lawndale Apartments1 Bed 1 Bath |1BR, 1BA$995
The York House 55 PlusStudioStudio, 1BA$1,035
Park Chase ApartmentsStudioStudio, 1BA$1,075

Best Value Apartments for Rent in Cheltenham, PA and Nearby

As of September 22, 2026 the best value apartment in the Cheltenham area is the $0.93 price per square foot 0BR/1.0BA Model at 6612 Rising Sun Ave. in the Oxford Circle neighborhood starting from $1,300. The second greatest value Cheltenham apartment is the One Bedroom Model at 100 York Apartments in the Wyncote Jenkintown neighborhood starting at $1,450 with a $1.24 price per square foot. 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.
6612 Rising Sun Ave.0BR/1.0BAStudio, 1BA$0.93
100 York ApartmentsOne Bedroom1BR, 1BA$1.24
Wyncote HouseTwo Bedroom2BR, 1.5BA$1.52
Elkins Park GardensTwo Bedroom2BR, 1BA$1.75
Montclair Duplex Apartments2nd Floor2BR, 1BA$1.57
6649 N 16th ST1BR/1.0BA1BR, 1BA$1.19
Mandela Apartments1bed/1bath1BR, 1BA$1.67
7408 - 7428 Alma St1 BR 1BA1BR, 1BA$1.57
Oaklynne1 Bed 1 Bath1BR, 1BA$1.49
YONOStudioStudio, 1BA$1.51

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick 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.

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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!

Explore Cheltenham, PA Rentals by Map

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See the most popular apartments and homes in Cheltenham, PA

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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 $1,195 at Lawndale Apartments.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.