Cheap Homes for Rent in Philadelphia, PA from $400 (846 Rentals)

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property at 3229 Almond St

3229 Almond St

PhiladelphiaPA19134

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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property at 2449 N Opal St

2449 N Opal St

PhiladelphiaPA19132

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.

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property at 1612 N 30th St

1612 N 30th St

PhiladelphiaPA19121

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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property at 3313 N Park Ave

3313 N Park Ave

PhiladelphiaPA19140
property at 1860 Wakeling St

1860 Wakeling St

PhiladelphiaPA19124
property at 1324 Locust St

1324 Locust St

PhiladelphiaPA19107
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Philadelphia, PA Local Guide

Cheapest Neighborhoods for Apartments in Philadelphia, PA

Pricing Updated: 05/25/2025

Current apartment rentals in the Philadelphia, PA area range in price from $455 to $22,810 with an overall median price of $4,419. The three Philadelphia neighborhoods with the lowest median rent pricing are Clearview at $860, Oxford Circle at $800, and Oxford Circle Castor at $800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Philadelphia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Clearview$1,399$86054
Oxford Circle$1,400$80038
Oxford Circle Castor$1,444$80044
Brandywine Village$1,450$1,0052
Price Tract$1,470$73414
Crum Lynne$1,500$86035
Bell's Corners$1,552$83050
Mill Creek Bucks$1,574$85919
Castor$1,589$89550
Kenwood$1,599$85916

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 $455. Temple Crossing in the Poplar neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $620. 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$455
Temple CrossingSpring Move-In Near Temple University4BR,2BA$620
Student Housing - Newly Renovated1BR/1.0BA1BR,1BA$680
Temple Apartments3BR/2.0BA3BR,2BA$695
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 May 25, 2025 the best value apartment in the Philadelphia area is the $0.70 price per square foot 704 Oak Ln Model at 704 Oak Ln, Unit B in the in the West Oak Lane neighborhood starting from $2,150. The second greatest value Philadelphia apartment is the 2213 N 33rd St Model at 2213 N 33rd St, Unit 3 starting at $1,600 with a $0.59 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.
704 Oak Ln, Unit B704 Oak Ln4BR,1BA$0.70
2213 N 33rd St, Unit 32213 N 33rd St2BR,1BA$0.59
376 Beverly Boulevard 2nd floor, Unit Second floor376 Beverly Boulevard 2nd floor2BR,1BA$0.65
1193 Easton Rd, Unit 11193 Easton Rd1BR,1BA$0.65
61 N State Rd, Unit First floor and Basement61 N State Rd1BR,2BA$0.80
Skyline Apartments2 Bedrooms, 1 Bathroom2BR,1BA$0.69
The Brownstones at Diamond StreetTwo Bedrooms2BR,1.5BA$0.74
1613 W Diamond St, Unit 11613 W Diamond St3BR,1BA$0.64
Temple CrossingSpring Move-In Near Temple University4BR,2BA$0.65
The Legacy at Drexel Arms4x24BR,2BA$0.74

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.

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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 8331 Apartments for Rent in Philadelphia, PA with pricing that ranges from $455 to $22,660. There are also 2347 Single Family Homes for rent, Condos, and Townhome rentals currently available in Philadelphia ranging from $499 to $20,000.

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 $499 to $20,000 with an average monthly rent of $2,831.

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 $17,810, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $17,901. Four Bedroom Single-Family rentals are also available starting from $499 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 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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.