Cheap Homes for Rent in Philadelphia, PA from $500 (1,055 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.

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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.

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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.

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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 5900 Pine St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795
Total Monthly Price
$795

Studio, 1 Bath Townhome for Rent

Available Now

5900 Pine St

PhiladelphiaPA19143
property at 3100 N 29th St

$800 - $1,100

Total Monthly Price

Total Monthly Price

Base Rent
$800 - $1,100
Total Monthly Price
$800 - $1,100

1 To 2 Bedroom Townhomes for Rent

Available Now

3100 N 29th St

PhiladelphiaPA19132
property at 5901 Christian St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

4 Bedroom, 1 Bath Townhome for Rent

Available Now

5901 Christian St

PhiladelphiaPA19143

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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Philadelphia, PA Local Guide

Cheapest Neighborhoods for Apartments in Philadelphia, PA

Pricing Updated: 07/29/2026

Current apartment rentals in the Philadelphia, PA area range in price from $300 to $24,995 with an overall median price of $3,089. The three Philadelphia neighborhoods with the lowest median rent pricing are Haddington at $300, Millbourne at $300, and Kellyville at $900. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Philadelphia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Haddington$1,340$30027
Millbourne$1,340$30067
Kellyville$1,449$90025
Price Tract$1,450$8823
Oxford Circle$1,512$74034
Lawncrest$1,514$74047
Cobbs Creek$1,540$80057
Forty Acres$1,560$88231
Lamokin$1,560$88231
Sunnyside$1,560$88220

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
Temple CrossingTemple University Off Campus - One Month Free!1BR,1BA$640
Student Housing - Newly Renovated3BR/1.0BA3BR,1BA$695
1317 W Allegheny Ave0 Beds, 1 BathsStudio,1BA$725

Best Value Apartments for Rent in Philadelphia, PA

As of July 29, 2026 the best value apartment in the Philadelphia area is the $0.32 price per square foot 1 Beds, 1 Baths Model at 1602 N 17th St in the in the Poplar neighborhood starting from $1,000. The second greatest value Philadelphia apartment is the 6649 Hegerman St Model at 6649 Hegerman St, Unit 1 starting at $1,150 with a $0.43 price per square foot in the Mayfair 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$0.32
6649 Hegerman St, Unit 16649 Hegerman St1BR,1BA$0.43
5633 Malcolm St, Unit 15633 Malcolm St1BR,1BA$0.54
2213 N 33rd St, Unit 22213 N 33rd St1BR,1BA$0.67
6322 Rising Sun Ave, Unit 16322 Rising Sun Ave1BR,1BA$0.58
Skyline Apartments2 Bedrooms, 1 Bathroom2BR,1BA$0.67
The Elm On 63rdType 134BR,4BA$0.75
5409 Walnut St5409 Walnut St1BR,1BA$0.73
1613 W Diamond St, Unit 11613 W Diamond St3BR,1BA$0.55
Sharswood Townhouses III2 Bedroom2BR,1BA$0.80

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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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!

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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 8267 Apartments for Rent in Philadelphia, PA with pricing that ranges from $300 to $24,995. There are also 2226 Single Family Homes for rent, Condos, and Townhome rentals currently available in Philadelphia ranging from $550 to $24,500.

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 $24,500 with an average monthly rent of $2,756.

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 $600 to $15,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $9,950. Four Bedroom Single-Family rentals are also available starting from $550 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.