Cheap Homes for Rent in Elmwood Neighborhood of Philadelphia, PA from $600 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

property at 5914 Belmar Ter

5914 Belmar Ter

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.

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.

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 $895. 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 Apartments1 Bedroom1BR,1BA$895
The IrvineStudio AStudio,1BA$1,199
Forest Creek Apartments2 Bedroom Standard2BR,1BA$1,300
Cedar Park1BR/1.0BA1BR,1BA$1,450

Best Value Apartments for Rent in Elmwood, PA

As of September 14, 2025 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 6038 Baltimore Ave Model at 6038 Baltimore Ave, Unit 2F starting at $1,100 with a $1.47 price per square foot in the Belmont 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
6038 Baltimore Ave, Unit 2F6038 Baltimore Ave1BR,1BA$1.47
Hoffman Place Apartments1 Bedroom1BR,1BA$1.22
Forest Creek Apartments2 Bedroom Standard with balcony2BR,1BA$1.91
5823 Theodore St5823 Theodore St1BR,1BA$1.36
Cedar Park1BR/1.0BA1BR,1BA$2.23
2512 S Dewey St, Unit 22512 S Dewey St2BR,1BA$3.22
The IrvineStudio AStudio ,1BA$2.79

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Elmwood, Philadelphia, PA

Ranked #143

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Elmwood

What type of rentals are currently available in Elmwood?

There are currently 64 Apartments for Rent in Elmwood, PA with pricing that ranges from $795 to $2,325. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood ranging from $650 to $3,000.

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 $650 to $3,000 with an average monthly rent of $1,729.

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 $1,495 to $2,325, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,600.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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 The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.