Cheap Apartments for Rent in Philadelphia, PA from $300 (1,881 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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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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The View at Montgomery
$799 - $2,099
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $2,099
Total Monthly Price
$799 - $2,099
Studio to 4 Bedroom Apartments Available Now

The View at Montgomery

1100 W Montgomery AvePhiladelphia, PA 19122
Student Housing
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5409 Walnut St
$800 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $1,750
Total Monthly Price
$800 - $1,750
1 to 2 Bedroom Apartment Available Aug 2

5409 Walnut St

5409 Walnut StPhiladelphia, PA 19139
Furnished
  • Smoke Free

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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Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide

Get the true Philly experience! The Philadelphia Insider's Guide to the city's distinct neighborhoods (Fishtown, Queen Village, Society Hill) and must-see local attractions from ApartmentHomeLiving.com.

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Philadelphia, PA Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Philadelphia, PA

Pricing Updated: 05/16/2026

Current apartment rentals in the Philadelphia, PA area range in price from $502 to $24,995 with an overall median price of $3,084. The three Philadelphia neighborhoods with the lowest median rent pricing are Frankford at $871, Bridesburg at $871, and Tacony Wissinoming at $830. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Philadelphia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Frankford$1,295$87127
Bridesburg$1,322$87111
Tacony Wissinoming$1,325$83019
Haddington$1,340$85018
Sunnyside$1,395$85012
Price Tract$1,400$8828
The Hill$1,400$85020
Millbourne$1,425$72551
Crozier Park$1,430$85011
Gallows Hill$1,430$85015

Cheapest Available Philadelphia Apartments for Rent

 

The cheapest available apartment rental in Philadelphia, PA is a 1 Bed unit found at Park Village at Garden State Park in the Village neighborhood priced from $300. Four Freedoms House- Seniors 62 yrs and older in the West Mount Airy neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $502. Here is today’s list of the most affordable Philadelphia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Village at Garden State ParkOne Bedroom - Type I1BR,1BA$300
Four Freedoms House- Seniors 62 yrs and olderEfficiencyStudio,1BA$502
Student Housing - Newly Renovated3BR/1.0BA3BR,1BA$695
Temple CrossingOne Month Free (1 Bed w/ Office & Storage)4BR,2BA$740
Stonehurst ApartmentsQuartzStudio,1BA$750
1515 N. 16th3BR/3.0BA3BR,3BA$750
Oak Lane Court Apartments0/1.0Studio,1BA$750
Tamarack Station Apartments1 Bedroom1BR,1BA$797

Best Value Apartments for Rent in Philadelphia, PA

As of May 16, 2026 the best value apartment in the Philadelphia area is the $0.95 price per square foot 1816 W Norris St Model at 1816 W Norris St, Unit 1 in the in the Poplar neighborhood starting from $1,900. The second greatest value Philadelphia apartment is the 954 N 8th St Model at 954 N 8th St, Unit 1st floor starting at $1,850 with a $1.06 price per square foot in the Poplar neighborhood. 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.
1816 W Norris St, Unit 11816 W Norris St4BR,3BA$0.95
954 N 8th St, Unit 1st floor954 N 8th StStudio ,1BA$1.06
2537 Cecil B Moore Ave, Unit 12537 Cecil B Moore Ave3BR,2BA$1.06
The Elm On 63rdType 124BR,4BA$0.71
Skyline Apartments2 Bedrooms, 1 Bathroom2BR,1BA$0.67
3539 N 11th St, Unit 13539 N 11th St2BR,1BA$0.91
Sharswood Townhouses II2 Bedroom2BR,1BA$0.81
Sharswood Townhouses III2 Bedroom2BR,1BA$0.80
4660 Castor Ave, Unit 2nd4660 Castor Ave1BR,1BA$1.05
6615 N 7th St, Unit 2nd Floor6615 N 7th St1BR,1BA$1.00

Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life

Find your perfect Philly college neighborhood. We break down the best areas for student renters near major universities, from walkable West Philly to the trendy spots in North Philly.

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Unlock Your Philly Commute: Your Guide to Renting Near the City's Biggest Employers

Live like a local! Explore diverse Philly neighborhoods—from trendy Fishtown to historic Cedar Park—with an easy commute to your job. Your expert guide is here.

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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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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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Philadelphia Overview

Sandwiched smack in the middle between DC and NYC, Philadelphia was once called the “6th borough of New York” a number of years back. While it does boast a healthy population of over 1.5 million residents, unlike New York, it never feels crowded and there are plenty of options in Philadelphia apartments for residents to call home. Make no mistake, though, Philadelphia is a friendly city – it features a collection of individual neighborhoods, each with their own charm and unique personalities, where small local businesses thrive and people know each.

Why live in Philadelphia, PA?

When William Penn planned Philadelphia, designating healthful, open green spaces and aesthetically pleasing gathering places for the community was clearly a priority – Franklin Square, Fitler Square, Logan Square, Rittenhouse Square and Washington Square are just a few examples. Families, college students and retired people all find Philadelphia welcoming. From its bike paths to its massive cultural arts roots to its foot-friendly atmosphere, it’s easy to see why Philadelphia is called the “City of Brotherly Love” and living the life in apartments in Philadelphia is so special.

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

Explore Philadelphia, PA Rentals by Map

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See the most popular apartments and homes in Philadelphia, PA

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Philadelphia, PA Area Reviews

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Dawn

March 31, 2026

I've lived here in Philadelphia all of my life and I'm 57 years old and to be honest South Philly never looked as good as it does.me and my daughter father broke up and he sold the house he owned and my daughter was getting ready to to college with a full scholarship so she moved in with him and his wife because the house was closed so I live in SW Philly on SSI and I'm trying my best to get a house or apartment but it's hard. But Center City looks good, They have bikes in all the neighborhoods and everything has changed and that's a good thing. Now only if I can get my house or apartment I'd thank the Lord.

Frequently Asked Questions about Cheap Philadelphia Apartments

What is a cheap apartment in Philadelphia?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Philadelphia is under $797.

What is the price of a cheap apartment in Philadelphia?

The cheapest apartment in Philadelphia is Park Village at Garden State Park which is listed at $300, while the average apartment in Philadelphia costs $3,084.

What types of apartments are the cheapest in Philadelphia?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14,235 regular apartments in Philadelphia that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Philadelphia?

Cheap apartments in Philadelphia have an average cost of $541 which is $2,543 cheaper than the average rent for all rentals in Philadelphia.

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.

Helpful Local Expert Guides

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A Local Expert's Guide to the Best Affordable Neighborhoods in Philadelphia

Written by: Richard Corrigan

There’s always been more to Philadelphia than meets the eye. When I first came here, I saw it as a tough, gritty town.

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Unlock Your Philly Commute: Your Guide to Renting Near the Citys Biggest Employers

Written by: Richard Corrigan

Philadelphia is a city of neighborhoods. Those who live here take great pride in our specific corners of the city.

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Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide

Written by: Richard Corrigan

Welcome to Philadelphia! It’s the city of brotherly love, cheesesteaks, Ben Franklin and Rocky Balboa. And I don’t think you need me to tell you, it’s also a lot more than that.

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Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life

Written by: Richard Corrigan

Philadelphia isn’t necessarily thought of as a college town, but it’s home to some of Pennsylvania’s biggest colleges and universities, and thousands of students call the city home.

Articles, How-To's, and Tips

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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.