Cheap Homes for Rent in Philadelphia, PA from $500 (971 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

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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Philadelphia, PA Local Guide

Cheapest Neighborhoods for Apartments in Philadelphia, PA

Pricing Updated: 09/14/2025

Current apartment rentals in the Philadelphia, PA area range in price from $450 to $29,970 with an overall median price of $3,668. The three Philadelphia neighborhoods with the lowest median rent pricing are Logan at $850, Frankford at $766, and Price Tract at $882. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Philadelphia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Logan$1,300$85057
Frankford$1,312$76636
Price Tract$1,315$8825
Millbourne$1,340$67578
Beverly Hills$1,350$75046
Barclay Square$1,357$75053
Bridesburg$1,400$76619
Haddington$1,400$67534
Tacony Wissinoming$1,400$83034
The Hill$1,440$88235

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. Temple Crossing in the Poplar neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $655. 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
Temple CrossingFantastic Location Near Temple University w/ a ...4BR,2BA$655
Student Housing - Newly Renovated1BR/1.0BA1BR,1BA$680
1537-41 Seybert3BR/3.0BA3BR,3BA$700
1515 N. 16th2BR/2.0BA2BR,2BA$700

Best Value Apartments for Rent in Philadelphia, PA

As of September 14, 2025 the best value apartment in the Philadelphia area is the $0.65 price per square foot 376 Beverly Boulevard 2nd floor Model at 376 Beverly Boulevard 2nd floor, Unit Second floor in the in the Beverly Hills neighborhood starting from $1,300. The second greatest value Philadelphia apartment is the 319 Green Ln Model at 319 Green Ln, Unit 2 starting at $1,675 with a $0.84 price per square foot in the Roxborough 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.
376 Beverly Boulevard 2nd floor, Unit Second floor376 Beverly Boulevard 2nd floor2BR,1BA$0.65
319 Green Ln, Unit 2319 Green Ln2BR,1BA$0.84
6322 Rising Sun Ave, Unit 16322 Rising Sun Ave1BR,1BA$0.57
Little Greenery2 bedroom/ 2Bath2BR,2BA$0.47
2512 N 5th St, Unit FL 22512 N 5th St2BR,1BA$0.90
1428 Cecil B Moore Ave, Unit Apartment #21428 Cecil B Moore Ave4BR,1BA$0.48
Skyline Apartments2 Bedrooms, 1 Bathroom2BR,1BA$0.54
1613 W Diamond St, Unit 31613 W Diamond St1BR,2BA$0.61
The Legacy at Drexel Arms4x24BR,2BA$0.74
6240 N 20th St, Unit 2nd Floor B36240 N 20th StStudio ,1BA$0.85

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

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Frequently Asked Questions about Philadelphia

What type of rentals are currently available in Philadelphia?

There are currently 8274 Apartments for Rent in Philadelphia, PA with pricing that ranges from $450 to $29,970. There are also 2926 Single Family Homes for rent, Condos, and Townhome rentals currently available in Philadelphia ranging from $525 to $24,000.

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 $525 to $24,000 with an average monthly rent of $3,640.

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 $18,280, while Three Bedroom Homes, Condos, and Townhomes for rent range from $640 to $17,900. Four Bedroom Single-Family rentals are also available starting from $690 and Four Bedroom Apartments start at $655.

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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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.

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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.

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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.