Cheap Homes for Rent in Philadelphia, PA from $500 (1,146 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
property at 3229 Almond St

3229 Almond St

PhiladelphiaPA19134

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.

Read Article

Philadelphia's Best Affordable Neighborhoods

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

Read Article
property at 6651 Gillespie St

6651 Gillespie St

PhiladelphiaPA19135

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.

Read Article
property at 139 Kingsley St

139 Kingsley St

PhiladelphiaPA19127
property at 2224 N 11th St

2224 N 11th St

PhiladelphiaPA19133

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-50, Page 1 of 23

Philadelphia, PA Local Guide

Cheapest Neighborhoods for Apartments in Philadelphia, PA

Pricing Updated: 07/30/2025

Current apartment rentals in the Philadelphia, PA area range in price from $250 to $29,970 with an overall median price of $3,801. The three Philadelphia neighborhoods with the lowest median rent pricing are Frankford at $750, Tioga Nicetown at $250, and Maple Glen at $968. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Philadelphia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Frankford$1,295$75030
Tioga Nicetown$1,300$25042
Maple Glen$1,319$9681
Waverly Meadows$1,319$9681
Bridesburg$1,337$75017
Tacony Wissinoming$1,337$92516
Millbourne$1,350$56576
Franklinville$1,375$25058
Price Tract$1,377$7255
Haddington$1,400$85037

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. 1833 N 19th St in the Poplar neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $530. 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
1833 N 19th StPrivate Bedroom/DormStudio,1BA$530
1537-41 Seybert3BR/3.0BA3BR,3BA$700
Tamarack Station Apartments1 Bedroom1BR,1BA$742
1515 N. 16th3BR/3.0BA3BR,3BA$750
Oak Lane Court Apartments0/1.0Studio,1BA$750

Best Value Apartments for Rent in Philadelphia, PA

As of July 30, 2025 the best value apartment in the Philadelphia area is the $0.84 price per square foot 319 Green Ln Model at 319 Green Ln, Unit 2 in the in the Roxborough neighborhood starting from $1,675. The second greatest value Philadelphia apartment is the 376 Beverly Boulevard 2nd floor Model at 376 Beverly Boulevard 2nd floor, Unit Second floor starting at $1,300 with a $0.65 price per square foot in the Beverly Hills 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.
319 Green Ln, Unit 2319 Green Ln2BR,1BA$0.84
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$0.61
Parkside Apartments2 Bedroom 1 Bath2BR,1BA$0.76
1619 N 29th St, Unit 11619 N 29th St1BR,1BA$0.79
Skyline Apartments2 Bedrooms, 1 Bathroom2BR,1BA$0.54
The Brownstones at Diamond StreetTwo Bedrooms2BR,1.5BA$0.74
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 - SRO - B16240 N 20th StStudio ,1BA$0.86

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Philadelphia, PA Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Frequently Asked Questions about Philadelphia

What type of rentals are currently available in Philadelphia?

There are currently 8076 Apartments for Rent in Philadelphia, PA with pricing that ranges from $250 to $29,970. There are also 2766 Single Family Homes for rent, Condos, and Townhome rentals currently available in Philadelphia ranging from $525 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 $525 to $24,500 with an average monthly rent of $2,434.

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 $21,778, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $17,809. Four Bedroom Single-Family rentals are also available starting from $825 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.

decorative image for A Local Expert's Guide to the Best Affordable Neighborhoods in Philadelphia article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.