Cheap Apartments for Rent in Philadelphia, PA from $300 (1,876 Rentals)

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

property at 5936 Haverford Ave

$300 - $1,450

Studio To 2 Bedroom Rentals

Available Now

5936 Haverford Ave

PhiladelphiaPA19151

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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5424 Market St, Unit 1R
$700
Total Monthly Price

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Base Rent
$700
Total Monthly Price
$700
1 Bedroom Apartment Available Now

5424 Market St, Unit 1R

5424 Market StPhiladelphia, PA 19139
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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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Philadelphia, PA Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Philadelphia, PA

Pricing Updated: 07/18/2026

Current apartment rentals in the Philadelphia, PA area range in price from $300 to $24,995 with an overall median price of $3,094. The three Philadelphia neighborhoods with the lowest median rent pricing are Price Tract at $882, Haddington at $300, and Millbourne at $300. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Philadelphia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Price Tract$1,250$8825
Haddington$1,340$30030
Millbourne$1,340$30070
Cobbs Creek$1,440$70067
Sunnyside$1,460$88224
Forty Acres$1,485$88237
Lamokin$1,485$88237
Oxford Circle$1,485$74031
The Hill$1,492$88234
Lawncrest$1,492$74046

Cheapest Available Philadelphia Apartments for Rent

 

The cheapest available apartment rental in Philadelphia, PA is a Studio unit found at Four Freedoms House- Seniors 62 yrs and older in the West Mount Airy neighborhood priced from $502. Flagstone Point in the Amherst Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $574. Here is today’s list of the most affordable Philadelphia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Four Freedoms House- Seniors 62 yrs and olderEfficiencyStudio,1BA$502
Flagstone Point1 Bedroom1BR,1BA$574
Temple CrossingTemple University Off Campus - One Month Free!1BR,1BA$640
Student Housing - Newly Renovated3BR/1.0BA3BR,1BA$695
1515 N. 16th3BR/3.0BA3BR,3BA$750

Best Value Apartments for Rent in Philadelphia, PA

As of July 18, 2026 the best value apartment in the Philadelphia area is the $0.81 price per square foot 1531 Poplar St Model at 1531 Poplar St, Unit 1 in the in the Poplar neighborhood starting from $2,150. The second greatest value Philadelphia apartment is the 2 Bed 1 Bath Model at 3830 Baring St starting at $1,695 with a $0.84 price per square foot in the Belmont 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.
1531 Poplar St, Unit 11531 Poplar St3BR,3BA$0.81
3830 Baring St2 Bed 1 Bath2BR,1BA$0.84
5633 Malcolm St, Unit 15633 Malcolm St1BR,1BA$0.54
6322 Rising Sun Ave, Unit 16322 Rising Sun Ave1BR,1BA$0.58
5734 Walker St, Unit 2nd Flr5734 Walker St1BR,1BA$0.87
Skyline Apartments2 Bedrooms, 1 Bathroom2BR,1BA$0.67
The Elm On 63rdType 134BR,4BA$0.75
5409 Walnut St5409 Walnut St1BR,1BA$0.86
Sharswood Townhouses II2 Bedroom2BR,1BA$0.81
Sharswood Townhouses III2 Bedroom2BR,1BA$0.80

Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life

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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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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 $750.

What is the price of a cheap apartment in Philadelphia?

The cheapest apartment in Philadelphia is Flagstone Point which is listed at $574, while the average apartment in Philadelphia costs $3,094.

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 12,951 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 $587 which is $2,507 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

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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

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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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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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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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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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