Cheap Homes for Rent in Philadelphia, PA from $500 (593 Rentals)

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

More Than a Suburb: The Best Philly-Area Towns for Renters

Looking for an apartment near Philadelphia? Discover the best surrounding cities that offer the perfect balance of affordability, space, and local charm.

property at 221 Wendover St
$675

Total Monthly Price

Base Rent$675

Total Monthly Price$675
1 Bedroom, 1.5 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

221 Wendover St

PhiladelphiaPA19128
property at 2548 N 12th St
$700
Studio Rentals
Available Now
Affordability

2548 N 12th St

PhiladelphiaPA19133
property at 2260 N 15th St
$725

Total Monthly Price

Base Rent$725

Total Monthly Price$725
4 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

2260 N 15th St

PhiladelphiaPA19132
property at 2311 S Bucknell St
$750

Total Monthly Price

Base Rent$750

Total Monthly Price$750
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

2311 S Bucknell St

PhiladelphiaPA19145

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 3534 N 8th St
$750

Total Monthly Price

Base Rent$750

Total Monthly Price$750
1 Bedroom, 1 Bath Townhome for Rent
Available Oct 1
Affordability

3534 N 8th St, Unit 2R

3534 N 8th St
PhiladelphiaPA19140
  • Smoke Free
property at 5900 Pine St
$795

Total Monthly Price

Base Rent$795

Total Monthly Price$795
Studio, 1 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

5900 Pine St

PhiladelphiaPA19143

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 3100 N 29th St
$800 - $1,100

Total Monthly Price

Base Rent$800 - $1,100

Total Monthly Price$800 - $1,100
1 To 2 Bedroom Townhomes for Rent
Available Now
Affordability

3100 N 29th St

PhiladelphiaPA19132
  • Smoke Free
property at 1217 Arrott St
$825

Total Monthly Price

Base Rent$825

Total Monthly Price$825
1 Bedroom, 1 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

1217 Arrott St

PhiladelphiaPA19124

Philadelphia's Best Affordable Neighborhoods

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

property at 1521-1500 Wakeling St
$850

Total Monthly Price

Base Rent$850

Total Monthly Price$850
1 Bedroom, 1 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

1521-1500 Wakeling St

PhiladelphiaPA19124

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.

Philadelphia, PA Local Guide

Cheapest Neighborhoods for Apartments in Philadelphia, PA

Pricing Updated: 09/12/2026

Current apartment rentals in the Philadelphia, PA area range in price from $300 to $24,995 with an overall median price of $1,986. The three Philadelphia neighborhoods with the lowest median rent pricing are Price Tract at $1,087, Beverly Hills at $1,095, and Logan at $1,107. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Philadelphia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Price Tract$1,087$8825
Beverly Hills$1,095$75036
Logan$1,107$84571
Barclay Square$1,126$75035
Bridesburg$1,135$75014
Frankford$1,135$75035
Logan Ogontz Fern Rock$1,145$75077
Belfield$1,147$75083
Ogontz$1,150$75083
Overbrook Park$1,150$75039

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. Flagstone Point in the Amherst Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $574. 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
Flagstone Point1 Bedroom1BR,1BA$574
Student Housing - Newly Renovated3BR/1.0BA3BR,1BA$695
1808 W Tioga St.0BR/1.0BAStudio,1BA$700
Arizona LoftsStudioStudio,1BA$746
Oak Lane Court Apartments0/1.0Studio,1BA$750
1425 West Erie Avenue1425 West Erie Avenue - Offic...Studio,1BA$750
Stonehurst ApartmentsQuartzStudio,1BA$750
Alden Park Luxury ApartmentsS1PStudio,1BA$756

Best Value Apartments for Rent in Philadelphia, PA

As of September 13, 2026 the best value apartment in the Philadelphia area is the $0.29 price per square foot 1 Beds, 1 Baths Model at 1602 N 17th St in the in the Poplar neighborhood starting from $900. The second greatest value Philadelphia apartment is the 3BR/2.0BA Model at Newly Renovated Temple Apartment starting at $1,500 with a $0.54 price per square foot in the Poplar 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.
1602 N 17th St1 Beds, 1 Baths1BR,1BA$0.29
Newly Renovated Temple Apartment3BR/2.0BA3BR,2BA$0.54
6649 Hegerman St, Unit 16649 Hegerman St1BR,1BA$0.43
3830 Baring St2 Bed 1 Bath2BR,1BA$0.79
1936 W Girard Ave, Unit Second floor1936 W Girard Ave1BR,1BA$0.83
Carlisle Court: Medical Dental & PharmFEMALE UNIT4BR,4BA$0.58
Skyline Apartments2 Bedrooms, 1 Bathroom2BR,1BA$0.67
Sharswood Townhouses II2 Bedroom2BR,1BA$0.81
Sharswood Townhouses III2 Bedroom2BR,1BA$0.87
The Legacy at Drexel Arms4x24BR,2BA$0.84

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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

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Philadelphia, PA Area Reviews

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Dawn

March 31, 2026

I've lived here in Philadelphia all of my life and I'm 57 years old and to be honest South Philly never looked as good as it does.me and my daughter father broke up and he sold the house he owned and my daughter was getting ready to to college with a full scholarship so she moved in with him and his wife because the house was closed so I live in SW Philly on SSI and I'm trying my best to get a house or apartment but it's hard. But Center City looks good, They have bikes in all the neighborhoods and everything has changed and that's a good thing. Now only if I can get my house or apartment I'd thank the Lord.

Frequently Asked Questions about Philadelphia

What type of rentals are currently available in Philadelphia?

There are currently 8269 Apartments for Rent in Philadelphia, PA with pricing that ranges from $300 to $24,995. There are also 1951 Single Family Homes for rent, Condos, and Townhome rentals currently available in Philadelphia ranging from $500 to $23,500.

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 $500 to $23,500 with an average monthly rent of $2,101.

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 $849 to $15,197, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $9,950. Four Bedroom Single-Family rentals are also available starting from $500 and Four Bedroom Apartments start at $585.

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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More Than a Suburb: The Best Philly-Area Towns for Renters

Written by: Richard Corrigan

I’m Richard, your ApartmentHomeLiving.com Local Expert for Philadelphia.

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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.

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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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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.