Cheap New Apartments for Rent in Philadelphia, PA from $475 (312 Rentals) Page 2 of 7

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

First Apartment Regrets: Real Renters Share What They'd Do Differently

Your first apartment comes with a learning curve nobody warns you about. Hear from real renters who've been there and get the advice they wish someone had given them on day one.

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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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1659 N Randolph St, Unit 1
$1,400

Total Monthly Price

Base Rent$1,400
Total Monthly Price$1,400
Built in 20191 Bedroom Apartment Available Now

1659 N Randolph St, Unit 1

1659 N Randolph StPhiladelphia, PA 19122
Affordability
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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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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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32 S 53rd St, Unit 1
$1,450

Total Monthly Price

Base Rent$1,450
Total Monthly Price$1,450
Built in 20261 Bedroom Apartment Available Now

32 S 53rd St, Unit 1

32 S 53rd StPhiladelphia, PA 19139
Cost Per Sq.Ft.

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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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 $2,002.

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 13,044 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 $599 which is $1,403 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.

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More Than a Suburb: The Best Philly-Area Towns for Renters

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I’m Richard, your ApartmentHomeLiving.com Local Expert for Philadelphia.

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Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life

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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.

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

Articles, How-To's, and Tips

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.