
Cheap Homes for Rent in the Center City Neighborhood of Philadelphia, PA from $700 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Center City area of Philadelphia.


709 S 20th St

251 S 21st St

1324 Locust St, Unit 817

1324 Locust St

1526 Christian St
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.

1616 Pine St

2307 Christian Street, Unit 2

2016 Locust St

425 S 15th St, Unit 3R

711 Walnut St

224 W Rittenhouse Square, Unit 1515b
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.

1832-34 Callowhill St

136 Chestnut St, Unit 3F

30 S 22nd St

111 N 9th St, Unit 218

405 Bainbridge St, Unit B

612 Rodman St
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.

250 S 23rd St, Unit 4

333 S 21st St

333 S 21st St, Unit 1F

253 N 3rd St

755 S Jessup St

753 S Jessup St
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.

759 S Jessup St

910 Arch St, Unit 2F
Center City, Philadelphia, PA Local Guide

How much does it cost to rent a home in Center City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Center City 2 Bedroom Homes for Rent | $2,652 | $1,250 | $4,400 |
| Center City 3 Bedroom Homes for Rent | $4,337 | $2,400 | $10,000+ |
| Center City 4 Bedroom Homes for Rent | $9,580 | $3,400 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 26 rentals with your search options within a 1 mile radius of the Center City Neighborhood of Philadelphia, PA.
Explore Philadelphia
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1606-1608 Locust St | Efficiency | Studio,1BA | $865 |
| The Claremont | Studio | Studio,1BA | $1,075 |
| Juniper Place | Studio | Studio,1BA | $1,075 |
| The Newport | Studio | Studio,1BA | $1,170 |
| The Drake | STUDIO | Studio,1BA | $1,300 |
| One City | Residence - A1 | Studio,1BA | $1,336 |
| Roosevelt Apartments | Studio | Classic | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4 S Front St, Unit 4 | 4 S Front St | 2BR,2BA | $1.13 |
| Waterfront II | 2 Bed 1 Bath - fireplace | 2BR,1BA | $1.64 |
| The Mercantile Apartments | 1F-1G-1H | 2BR,2BA | $2.02 |
| The Chatham | 602 | 2BR,1BA | $1.80 |
| 905 Arch St | 905 Arch St | 4BR,2BA | $2.04 |
| Universal Court 1 | 3 Bed 2.5 Bath | 3BR,2.5BA | $1.25 |
| Mariner's Court | 1BR/1.0BA | 1BR,1BA | $2.07 |
| Waverly Court / Keppoch House | 1BR/1.0BA | 1BR,1BA | $2.00 |
| 514 South Street | 1BR/1.0BA | 1BR,1BA | $1.73 |
| 1430 South Street | 1BR/1.0BA | 1BR,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

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.

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.

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.

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

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.

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.

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.

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.