Cheap Apartments for Rent in the Grays Ferry Neighborhood of Philadelphia, PA from $400 (482 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Grays Ferry area of Philadelphia.

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5424 Market St, Unit 1R
$700
Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700
1 Bedroom Apartment Available Jul 6

5424 Market St, Unit 1R

5424 Market StPhiladelphia, PA 19139
Affordability
  • Smoke Free

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.

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property at 141 Farson St

$850 - $980

Studio To 1 Bedroom Rentals

Available Now

141 Farson St

PhiladelphiaPA19139
property at 533 Budd St

$850 - $900

Studio Rentals

Available Now

533 Budd St

PhiladelphiaPA19104
property at 535 Budd St

$850 - $900

Studio Rentals

Available Now

535 Budd St

PhiladelphiaPA19104

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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5409 Walnut St
$950 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,750
Total Monthly Price
$950 - $1,750
1 to 2 Bedroom Apartment Available Now

5409 Walnut St

5409 Walnut StPhiladelphia, PA 19139
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property at 145 Farson St

$895 - $995

Studio Rentals

Available Now

145 Farson St

PhiladelphiaPA19139
property at 1324 Locust St

$995 - $2,400

Studio To 2 Bedroom Rentals

Available Now

1324 Locust St

PhiladelphiaPA19107

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.

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property at 1145 S 10th St

$1,000 - $1,500

Studio To 1 Bedroom Rentals

Available Now

1145 S 10th St

PhiladelphiaPA19147
property at 5122 Arch St

$1,000 - $1,100

1 To 2 Bedroom Rentals

Available Now

5122 Arch St

PhiladelphiaPA19139

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.

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929 Federal St, Unit 2R
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
1 Bedroom Apartment Available Now

929 Federal St, Unit 2R

929 Federal StPhiladelphia, PA 19147
Affordability
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Grays Ferry, Philadelphia, PA Local Guide

Cheapest Available Grays Ferry Apartments for Rent

 

The cheapest available apartment rental in the Grays Ferry area of Philadelphia, PA is a 3 Beds unit found at Student Housing - Newly Renovated priced from $695. Walnut Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Grays Ferry apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Student Housing - Newly Renovated3BR/1.0BA3BR,1BA$695
Walnut StreetSI1BR,1BA$800
Winchester ApartmentsMontgomeryStudio,1BA$850
1606-1608 Locust StEfficiencyStudio,1BA$865
Springline on 36thStudioStudio,1BA$895
Madison ApartmentsStudioStudio,1BA$899
1913 S 20th St0 Beds, 1 BathsStudio,1BA$900
Arden WestStudioStudio,1BA$905

Best Value Apartments for Rent in Grays Ferry, PA

As of June 28, 2026 the best value apartment in the Grays Ferry area is the $0.84 price per square foot 2 Bed 1 Bath Model at 3830 Baring St in the in the Belmont neighborhood starting from $1,695. The second greatest value Grays Ferry apartment is the 28 South 48th St Model at 28 South 48th St, Unit Unit 1 starting at $1,895 with a $1.18 price per square foot in the Belmont neighborhood. Here is today’s list of the best values for Grays Ferry apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3830 Baring St2 Bed 1 Bath2BR,1BA$0.84
28 South 48th St, Unit Unit 128 South 48th St3BR,3BA$1.18
5447 Sansom St, Unit 2nd floor5447 Sansom St2BR,1BA$0.87
1715 Hartranft St, Unit #1 Lower Level1715 Hartranft St2BR,1BA$1.29
Universal Court 13 Bed 2.5 Bath3BR,2.5BA$1.25
327 N 40th St42BR,1BA$1.48
5409 Walnut St5409 Walnut St1BR,1BA$0.86
2333 Catharine St, Unit 22333 Catharine St2BR,1BA$1.60
Birchwood at Cedars Village (55+ Community)1 Bedroom1BR,1BA$1.41
Madison ApartmentsStudioStudio ,1BA$1.63

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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Pet Friendly Lifestyle
Grays Ferry, Philadelphia, PA

Ranked #3

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Grays Ferry, Philadelphia, PA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Central Philadelphia, PA. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, apartment complexes for the kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Grays Ferry Apartments

What is a cheap apartment in Grays Ferry?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Grays Ferry is under $905.

What is the price of a cheap apartment in Grays Ferry?

The cheapest apartment in Grays Ferry is Walnut Street which is listed at $800, while the average apartment in Grays Ferry costs $4,500.

What types of apartments are the cheapest in Grays Ferry?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 308 regular apartments in Grays Ferry that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Grays Ferry?

Cheap apartments in Grays Ferry have an average cost of $519 which is $3,981 cheaper than the average rent for all rentals in Grays Ferry.

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.

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