Cheap Homes for Rent in Elmwood Neighborhood of Philadelphia, PA from $900 (19 Rentals)

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

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 5237 Chester Ave

$1,100 - $1,200

1 Bedroom Rentals

Available Now

5237 Chester Ave

PhiladelphiaPA19143

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 1908 S 65th St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Home for Rent

Available Now

1908 S 65th St

PhiladelphiaPA19142

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.

Elmwood, Philadelphia, PA Local Guide

Cheapest Available Elmwood Apartments for Rent

 

The cheapest available apartment rental in the Elmwood area of Philadelphia, PA is a 1 Bed unit found at Hoffman Place Apartments priced from $995. 6010-6014 Springfield Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,050. Here are the most affordable Elmwood apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Hoffman Place Apartments1 Bedroom1BR,1BA$995
6010-6014 Springfield Ave2 Beds, 1 Baths2BR,1BA$1,050
The IrvineStudio AStudio,1BA$1,099
Forest Creek Apartments2 Bedroom Standard2BR,1BA$1,300
Bell Tower Community1 Bedroom1BR,1BA$1,399

Best Value Apartments for Rent in Elmwood, PA

As of June 10, 2026 the best value apartment in the Elmwood area is the $1.14 price per square foot 1311 S 52nd St Model at 1311 S 52nd St, Unit 4 in the in the Belmont neighborhood starting from $1,600. The second greatest value Elmwood apartment is the 5844 Theodore St Model at 5844 Theodore St, Unit 2nd floor starting at $850 with a $0.71 price per square foot in the Bartram Gardens neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1311 S 52nd St, Unit 41311 S 52nd St3BR,1BA$1.14
5844 Theodore St, Unit 2nd floor5844 Theodore St1BR,1BA$0.71
Forest Creek Apartments2 Bedroom Large with balcony2BR,1BA$1.86
6038 Baltimore Ave, Unit 2F6038 Baltimore Ave1BR,1BA$1.53
Hoffman Place Apartments1 Bedroom1BR,1BA$1.36
7053 Paschall Ave, Unit 17053 Paschall Ave1BR,1BA$1.44
Cedar Park1BR/1.0BA1BR,1BA$2.31
Bell Tower Community1 Bedroom1BR,1BA$2.17
830 S 49th St, Unit 5830 S 49th St1BR,1BA$2.40
The IrvineStudio AStudio ,1BA$2.56

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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Quick Rent Budget Calculator

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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Pet Friendly Lifestyle
Elmwood, Philadelphia, PA

Ranked #147

Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Elmwood

What type of rentals are currently available in Elmwood?

There are currently 71 Apartments for Rent in Elmwood, PA with pricing that ranges from $795 to $2,325. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood ranging from $925 to $2,590.

What is the current price range for Rental Homes in Elmwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elmwood ranges from $925 to $2,590 with an average monthly rent of $1,496.

How much are larger Three and Four Bedroom Rentals in Elmwood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elmwood range from $1,600 to $2,325, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,175 to $2,590. Four Bedroom Single-Family rentals are also available starting from $1,690 and Four Bedroom Apartments start at $1,425.

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.

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 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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.