New Apartments for Rent in Philadelphia, PA Under $2,000 (485 Rentals)

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The Isle
Rent Specials
$1,951 - $3,251
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$1,951 - $3,251
Total Monthly Price
$1,951 - $3,251
Built in 2017Studio to 2 Bedroom Apartments Available Now

The Isle

1 Cotton StPhiladelphia, PA 19127
Student Housing
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More Than a Suburb: The Best Philly-Area Towns for Renters

Looking for an apartment near Philadelphia? Discover the best surrounding cities that offer the perfect balance of affordability, space, and local charm.

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Cobblestone Lofts
$1,899 - $2,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,899 - $2,050
Total Monthly Price
$1,899 - $2,050
Built in 20242 Bedroom Apartments Available Now

Cobblestone Lofts

2626 Trenton AvePhiladelphia, PA 19125
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The Alexander
$1,877 - $8,665
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$1,877 - $8,665
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Built in 2018Studio to 4 Bedroom Apartments Available Now

The Alexander

1601 Vine StPhiladelphia, PA 19102
Luxury
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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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Via Callowhill
Rent Specials
$1,796 - $3,016
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Total Monthly Price

Base Rent
$1,796 - $3,016
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Built in 20261 to 2 Bedroom Apartments Available Now

Via Callowhill

1201 Callowhill StPhiladelphia, PA 19123
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The Ludlow
$1,783 - $4,456
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$1,783 - $4,456
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Built in 2018Studio to 2 Bedroom Apartments Available Now

The Ludlow

1101 Ludlow StPhiladelphia, PA 19107
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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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Ray Philly
Rent Specials
$1,761
Total Monthly Price

Total Monthly Price

Base Rent
$1,761
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Built in 2022Studio to 2 Bedroom Apartments Available Now

Ray Philly

1525 N American StPhiladelphia, PA 19122
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The Driftway
Rent Specials
$1,736 - $3,526
Total Monthly Price

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$1,736 - $3,526
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Built in 2023Studio to 2 Bedroom Apartments Available Now

The Driftway

4300 Kelly DrPhiladelphia, PA 19129
Student Housing
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Philadelphia's Best Affordable Neighborhoods

Learn about Philadelphia and the best places to live with original content written by our Local Expert Richard Corrigan

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Beach Street Landing
Rent Specials
$1,700 - $5,090
Total Monthly Price

Total Monthly Price

Base Rent
$1,700 - $5,090
Total Monthly Price
$1,700 - $5,090
Built in 2025Studio to 3 Bedroom Apartments Available Now

Beach Street Landing

700 N Delaware AvePhiladelphia, PA 19123
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1337 N Franklin St, Unit 2F
$1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700
Built in 20192 Bedroom Apartment Available Aug 17

1337 N Franklin St, Unit 2F

1337 N Franklin StPhiladelphia, PA 19122
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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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Philadelphia, PA Local Guide

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

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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 New Philadelphia Apartments

What is the Cheapest New apartment in Philadelphia?

Currently the most affordable New Apartment in Philadelphia is at Temple Nest Apartments listed at $599.

How much is the average rent for a New Philadelphia Apartment?

The average rent for a New Apartment in Philadelphia is $2,520.

What is the largest New Philadelphia Apartment for rent?

Today's New apartment with the most square footage in Philadelphia is a 5,155 square feet unit starting from $2,765 at The Atlantic.

What is the average size for Philadelphia New Apartments for rent?

The average size for a New rental in Philadelphia is currently at 616 sq ft.

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

Written by: Richard Corrigan

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

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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.

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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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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.

Articles, How-To's, and Tips

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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.

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

Written by: Robin Stewart

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

Written by: Robin Stewart

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.