Cheap Homes for Rent in Elmwood Neighborhood of Philadelphia, PA from $900 (22 Rentals)

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

property at 6615 Greenway Ave

$950

2 Bedroom, 1 Bath Townhome for Rent

Available Feb 1

6615 Greenway Ave

PhiladelphiaPA19142

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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property at 2553 Carroll St

$1,300

3 Bedroom, 1 Bath Townhome for Rent

Available Now

2553 Carroll St

PhiladelphiaPA19142
property at 2024 Bonaffon St

$1,300

3 Bedroom, 1 Bath Townhome for Rent

Available Now

2024 Bonaffon St

PhiladelphiaPA19142

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.

property at 5354 Woodland Ave

$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available Now

5354 Woodland Ave

PhiladelphiaPA19143

Cheapest Available Elmwood Apartments for Rent

 

The cheapest available apartment rental in the Elmwood area of Philadelphia, PA is a Studio unit found at Hoffman Place Apartments priced from $925. The Irvine has the second lowest priced unit, which is a Studio apartment currently listed from $1,199. Here are the most affordable Elmwood apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Hoffman Place ApartmentsStudioStudio,1BA$925
The IrvineStudio AStudio,1BA$1,199
Forest Creek Apartments2 Bedroom Standard2BR,1BA$1,300
Bell Tower Community1 Bedroom1BR,1BA$1,550

Best Value Apartments for Rent in Elmwood, PA

As of January 23, 2026 the best value apartment in the Elmwood area is the $1.63 price per square foot 1018 S 55th St Model at 1018 S 55th St, Unit 2 in the in the Belmont neighborhood starting from $1,550. The second greatest value Elmwood apartment is the 2 Bedroom Standard with balcony Model at Forest Creek Apartments starting at $1,340 with a $1.91 price per square foot in the Elmwood 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.
1018 S 55th St, Unit 21018 S 55th St2BR,1BA$1.63
Forest Creek Apartments2 Bedroom Standard with balcony2BR,1BA$1.91
5823 Theodore St5823 Theodore St1BR,1BA$1.25
Bell Tower Community1 Bedroom1BR,1BA$2.41
2553 Bonaffon St, Unit Apartment 12553 Bonaffon St1BR,1BA$1.90
The IrvineStudio AStudio ,1BA$2.79
Hoffman Place ApartmentsStudioStudio ,1BA$2.64

Frequently Asked Questions about Elmwood

What type of rentals are currently available in Elmwood?

There are currently 75 Apartments for Rent in Elmwood, PA with pricing that ranges from $875 to $2,325. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood ranging from $900 to $2,400.

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 $900 to $2,400 with an average monthly rent of $1,367.

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.

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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.

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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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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

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.