Cheap Apartments for Rent in the Center City Neighborhood of Philadelphia, PA from $600 (248 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Center City area of Philadelphia.

property at 1814 Spruce St

$1,175 - $1,275

Studio Rentals

Available Sep 1

1814 Spruce St

PhiladelphiaPA19103

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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1622 Bainbridge St, Unit 3F
$1,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295
1 Bedroom Apartment Available Now

1622 Bainbridge St, Unit 3F

1622 Bainbridge StPhiladelphia, PA 19146
Affordability
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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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property at 1939 Chestnut St

$1,400 - $1,545

1 Bedroom Rentals

Available Now

1939 Chestnut St

PhiladelphiaPA19103
property at 2101 Chestnut St

$1,400 - $2,350

Studio To 2 Bedroom Rentals

Available Now

2101 Chestnut St

PhiladelphiaPA19103
property at 24-30-30 Bank St

$1,400 - $1,750

Studio To 1 Bedroom Rentals

Available Now

24-30-30 Bank St

PhiladelphiaPA19106
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The Noble
Rent Specials
$1,451 - $4,031
Total Monthly Price

Total Monthly Price

Base Rent
$1,451 - $4,031
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Noble

200 Spring Garden StPhiladelphia, PA 19123
Affordability
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Park Towne Place
$1,462 - $8,458
Total Monthly Price

Total Monthly Price

Base Rent
$1,462 - $8,458
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Park Towne Place

2200 Benjamin Franklin PkyPhiladelphia, PA 19130
Affordability
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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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715 Pine St, Unit 2
$1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500
Studio Apartment Available Now

715 Pine St, Unit 2

715 Pine StPhiladelphia, PA 19106
Furnished
property at 29 S 2nd St

$1,450 - $1,500

1 Bedroom Rentals

Available Aug 1

29 S 2nd St

PhiladelphiaPA19106
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The Katharine
Rent Specials
$1,525 - $2,440
Total Monthly Price

Total Monthly Price

Base Rent
$1,525 - $2,440
Total Monthly Price
$1,525 - $2,440
1 to 3 Bedroom Apartments Available Now

The Katharine

325 N 15th StPhiladelphia, PA 19102
Student Housing
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property at 210 Locust St

$1,525 - $2,200

Studio To 1 Bedroom Rentals

Available Now

210 Locust St

PhiladelphiaPA19106

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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Center City, Philadelphia, PA Local Guide

Cheapest Available Center City Apartments for Rent

 

The cheapest available apartment rental in the Center City area of Philadelphia, PA is a Studio unit found at 1606-1608 Locust St priced from $865. The Claremont has the second lowest priced unit, which is a Studio apartment currently listed from $1,075. Here are the most affordable Center City apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
1606-1608 Locust StEfficiencyStudio,1BA$865
The ClaremontStudioStudio,1BA$1,075
Juniper PlaceStudioStudio,1BA$1,075
The NewportStudioStudio,1BA$1,100
The DrakeSTUDIOStudio,1BA$1,300
One CityResidence - A1Studio,1BA$1,336
Roosevelt ApartmentsStudio | ClassicStudio,1BA$1,345
Papermill Lofts237 #1DStudio,1BA$1,350

Best Value Apartments for Rent in Center City, PA

As of July 15, 2026 the best value apartment in the Center City area is the $1.13 price per square foot 4 S Front St Model at 4 S Front St, Unit 4 in the in the Center City neighborhood starting from $2,250. The second greatest value Center City apartment is the 2 Bed 1 Bath - fireplace Model at Waterfront II starting at $2,360 with a $1.64 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Center City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4 S Front St, Unit 44 S Front St2BR,2BA$1.13
Waterfront II2 Bed 1 Bath - fireplace2BR,1BA$1.64
Mariner's Court1BR/1.0BA1BR,1BA$1.16
The Mercantile Apartments1F-1G-1H2BR,2BA$2.02
The Chatham6022BR,1BA$1.80
905 Arch St905 Arch St4BR,2BA$2.04
Universal Court 13 Bed 2.5 Bath3BR,2.5BA$1.25
Waverly Court / Keppoch House1BR/1.0BA1BR,1BA$2.00
514 South Street1BR/1.0BA1BR,1BA$1.73
1430 South Street1BR/1.0BA1BR,1BA$1.96

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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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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Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you comprehensive Lifestyle Ratings of rentals in areas across the United States including Center City, Philadelphia, and the greater Philadelphia area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Center City Apartments

What is a cheap apartment in Center City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Center City is under $1,350.

What is the price of a cheap apartment in Center City?

The cheapest apartment in Center City is 514 South Street which is listed at $1,350, while the average apartment in Center City costs $3,729.

What types of apartments are the cheapest in Center City?

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 265 regular apartments in Center City 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 Center City?

Cheap apartments in Center City have an average cost of $847 which is $2,882 cheaper than the average rent for all rentals in Center City.

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.

decorative image for Unlock Your Philly Commute: Your Guide to Renting Near the Citys Biggest Employers article

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.

decorative image for Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life article

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.