Cheap Homes for Rent in Philadelphia, PA from $500 (816 Rentals)

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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 332 N 62nd St

332 N 62nd 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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property at 918 S 12th St

918 S 12th St

PhiladelphiaPA19147

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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Philadelphia's Best Affordable Neighborhoods

Learn about Philadelphia and the best places to live with original content written by our Local Expert Richard Corrigan

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property at 2647 N 17th St

2647 N 17th St

PhiladelphiaPA19132

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Philadelphia, PA Local Guide

Cheapest Neighborhoods for Apartments in Philadelphia, PA

Pricing Updated: 11/28/2025

Current apartment rentals in the Philadelphia, PA area range in price from $550 to $18,500 with an overall median price of $3,531. The three Philadelphia neighborhoods with the lowest median rent pricing are Tacony at $915, Tacony Wissinoming at $700, and East Oak Lane at $1,025. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Philadelphia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Tacony$1,557$91514
Tacony Wissinoming$1,600$70025
East Oak Lane$1,650$1,02528
Oxford Circle$1,650$1,00013
Barclay Square$1,685$95021
Buckman Village$1,700$1,0006
Elmwood$1,700$65061
Beverly Hills$1,717$95020
Upper North Philadelphia$1,725$55063
Ogontz$1,750$60046

Cheapest Available Philadelphia Apartments for Rent

 

The cheapest available apartment rental in Philadelphia, PA is a Studio unit found at Four Freedoms House- Seniors 62 yrs and older in the West Mount Airy neighborhood priced from $502. Student Housing - Newly Renovated in the Belmont neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $635. Here is today’s list of the most affordable Philadelphia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Four Freedoms House- Seniors 62 yrs and olderEfficiencyStudio,1BA$502
Student Housing - Newly Renovated3BR/1.0BA3BR,1BA$635
1515 N. 16th2BR/2.0BA2BR,2BA$700
Oak Lane Court Apartments0/1.0Studio,1BA$750
Stonehurst ApartmentsQuartzStudio,1BA$750

Best Value Apartments for Rent in Philadelphia, PA

As of November 29, 2025 the best value apartment in the Philadelphia area is the $0.42 price per square foot 3618 N 19th St Model at 3618 N 19th St, Unit #2 in the in the Tioga neighborhood starting from $1,200. The second greatest value Philadelphia apartment is the 1628 N 52nd St Model at 1628 N 52nd St, Unit #3 starting at $950 with a $0.39 price per square foot in the Belmont neighborhood. Here is today’s list of the best values for Philadelphia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3618 N 19th St, Unit #23618 N 19th St2BR,1BA$0.42
1628 N 52nd St, Unit #31628 N 52nd St1BR,1BA$0.39
376 Beverly Boulevard 2nd floor, Unit Second floor376 Beverly Boulevard 2nd floor2BR,1BA$0.65
6322 Rising Sun Ave, Unit 16322 Rising Sun Ave1BR,1BA$0.58
5028 N 10th St, Unit #25028 N 10th St2BR,1BA$0.71
1816 N 17th St, Unit A1816 N 17th St3BR,2BA$0.67
1432 E Cheltenham Ave, Unit #2 Front1432 E Cheltenham Ave1BR,0.5BA$0.54
1305 Foulkrod St, Unit Northwood1305 Foulkrod St1BR,1BA$0.70
Skyline Apartments2 Bedrooms, 1 Bathroom2BR,1BA$0.69
1610 Dyre St, Unit SRO-2F1610 Dyre St1BR,1BA$0.67

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Philadelphia, PA Rentals by Map

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See the most popular apartments and homes in Philadelphia, PA

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Philadelphia, PA Area Reviews

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Frequently Asked Questions about Philadelphia

What type of rentals are currently available in Philadelphia?

There are currently 8378 Apartments for Rent in Philadelphia, PA with pricing that ranges from $445 to $14,995. There are also 2571 Single Family Homes for rent, Condos, and Townhome rentals currently available in Philadelphia ranging from $550 to $18,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Philadelphia ranges from $550 to $18,500 with an average monthly rent of $2,682.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Philadelphia range from $599 to $14,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $7,500. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $585.

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.