Cheap Homes for Rent in the Center City Neighborhood of Philadelphia, PA from $700 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1324 Locust St

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125

Total Monthly Price
$1,125

Studio, 1 Bath Condo for Rent

Available Aug 3

1324 Locust St, Unit 817

1324 Locust St
PhiladelphiaPA19107
property at 1324 Locust St

$995 - $2,400

Studio To 2 Bedroom Rentals

Available Now

1324 Locust St

PhiladelphiaPA19107

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.

property at 2307 Christian Street

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2307 Christian Street, Unit 2

2307 Christian Street
PhiladelphiaPA19146

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.

property at 136 Chestnut St

$1,675

Total Monthly Price

Total Monthly Price

Base Rent
$1,675

Total Monthly Price
$1,675

1 Bedroom, 1 Bath Condo for Rent

Available Now

136 Chestnut St, Unit 3F

136 Chestnut St
PhiladelphiaPA19106
property at 111 N 9th St

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

111 N 9th St, Unit 218

111 N 9th St
PhiladelphiaPA19107
property at 612 Rodman St

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1 Bath Townhome for Rent

Available Now

612 Rodman St

PhiladelphiaPA19147

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.

property at 250 S 23rd St

$1,765

Total Monthly Price

Total Monthly Price

Base Rent
$1,765

Total Monthly Price
$1,765

Studio, 1 Bath Condo for Rent

Available Aug 1

250 S 23rd St, Unit 4

250 S 23rd St
PhiladelphiaPA19103
property at 333 S 21st St

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795

Studio, 1 Bath Condo for Rent

Available Now

333 S 21st St, Unit 1F

333 S 21st St
PhiladelphiaPA19103

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.

property at 910 Arch St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 1 Bath Condo for Rent

Available Now

910 Arch St, Unit 2F

910 Arch St
PhiladelphiaPA19107

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$1,170
The DrakeSTUDIOStudio,1BA$1,300
One CityResidence - A1Studio,1BA$1,336
Roosevelt ApartmentsStudio | ClassicStudio,1BA$1,345

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
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
Mariner's Court1BR/1.0BA1BR,1BA$2.07
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

Frequently Asked Questions about Center City

What type of rentals are currently available in Center City?

There are currently 1760 Apartments for Rent in Center City, PA with pricing that ranges from $647 to $24,995. There are also 110 Single Family Homes for rent, Condos, and Townhome rentals currently available in Center City ranging from $745 to $24,500.

What is the current price range for Rental Homes in Center City?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Center City ranges from $745 to $24,500 with an average monthly rent of $4,019.

How much are larger Three and Four Bedroom Rentals in Center City?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Center City range from $1,100 to $15,652, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $10,500. Four Bedroom Single-Family rentals are also available starting from $3,400 and Four Bedroom Apartments start at $800.

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

decorative image for A Local Expert's Guide to the Best Affordable Neighborhoods in Philadelphia article

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.

decorative image for Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.