Cheap Apartments for Rent in Philadelphia, NY from $500 (25 Rentals)

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

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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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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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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Heritage Apartments
1 to 2 Bedroom Apartments

Heritage Apartments

522 Washington StWatertown, NY 13601
  • 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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Showing Results 1-25, Page 1 of 1

Philadelphia, NY Local Guide

Cheapest Available Philadelphia Apartments for Rent and Nearby

 

The cheapest available apartment rental in Philadelphia, NY is a Studio unit found at Arsenal Apartments priced from $520. The Solar Building has the second lowest priced unit, which is a Studio apartment currently listed from $620. Here is today’s list of the most affordable Philadelphia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arsenal ApartmentsSmall StudioStudio,1BA$520
The Solar BuildingStudioStudio,1BA$620
City View Apartments1 Bed1BR,1BA$675
The Apartments at Madison BarracksStudio1BR,1BA$750
Pine Grove Apartments - Senior Housing1 Bed, 1 bath1BR,1BA$789

Best Value Apartments for Rent in Philadelphia, NY and Nearby

As of May 05, 2026 the best value apartment in the Philadelphia area is the $0.78 price per square foot Town Home Model at Hycliff Apartments in the starting from $1,320. The second greatest value Philadelphia apartment is the 3 Bed 2.5 Bath Townhouse Model at Parkstead City Center starting at $1,632 with a $1.04 price per square foot . Here is today’s list of the best values for Philadelphia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hycliff ApartmentsTown Home3BR,1.5BA$0.78
Parkstead City Center3 Bed 2.5 Bath Townhouse3BR,2.5BA$1.04
Parkstead Philadelphia3 Bed 2 Bath Garden3BR,2BA$0.91
Parkstead Gouverneur3 Bed 2 Bath Garden3BR,2BA$0.74
Parkstead Copenhagen2 Bed 1 Bath Garden2BR,1BA$1.00
Palmer Street ApartmentsTown Home2BR,1.5BA$0.95
Ontario Village Apartments - Deluxe 2 Bedroom, 1 & 2 bath , Furnished Apartment Options2 Bed 2 Bath Base Unit2BR,2BA$1.05
College Heights1 Bedroom1BR,1BA$1.05
Colonial Manor Apartments1 Bedroom1BR,1BA$1.11
City View Apartments1 Bed1BR,1BA$0.90

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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.

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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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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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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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Philadelphia, NY

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Frequently Asked Questions about Cheap Philadelphia Apartments

What is the Cheapest Studio apartment in Philadelphia?

Currently the most affordable Cheap Studio Apartment in Philadelphia is at Arsenal Apartments listed at $520.

How much is rent for a Cheap One Bedroom Philadelphia Apartment?

The lowest price for a Cheap One Bedroom Philadelphia Apartment is $675 at City View Apartments.

What is the lowest price for a Cheap Two Bedroom Philadelphia Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Philadelphia is starting from $820 at The Solar Building.

What is the most affordable Philadelphia Three Bedroom Apartment?

The best deal on a cheap Philadelphia Three Bedroom Apartment rental is at Kelsey Creek Apartments and starts from $1,000.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.