Cheap Homes for Rent in Kensington Neighborhood of Philadelphia, PA from $700 (80 Rentals)

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

property at 3427 N 2nd St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

Studio, 1 Bath Townhome for Rent

Available Now

3427 N 2nd St

PhiladelphiaPA19140
property at 2404 E Letterly St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

2404 E Letterly St

PhiladelphiaPA19125

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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 2268 E Clearfield St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2268 E Clearfield 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.

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property at 2308 E Allegheny Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

1 Bedroom, 1 Bath Condo for Rent

Available Now

2308 E Allegheny Ave, Unit 2, Unit 2

2308 E Allegheny Ave
PhiladelphiaPA19134

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.

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property at 3248 N Philip St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

3 Bedroom, 1 Bath Townhome for Rent

Available Now

3248 N Philip St

PhiladelphiaPA19140
property at 3135 Agate St

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375
Total Monthly Price
$1,375

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3135 Agate St

PhiladelphiaPA19134

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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Showing Results 1-50, Page 1 of 2

Kensington, Philadelphia, PA Local Guide

Cheapest Available Kensington Apartments for Rent

 

The cheapest available apartment rental in the Kensington area of Philadelphia, PA is a Studio unit found at Collins Lofts priced from $1,085. The Parkside Fishtown has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable Kensington apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Collins LoftsStudioStudio,1BA$1,085
The Parkside FishtownStudioStudio,1BA$1,150
The Mill at York StationStudioStudio,1BA$1,195

Best Value Apartments for Rent in Kensington, PA

As of May 19, 2026 the best value apartment in the Kensington area is the $1.25 price per square foot 2515 Frankford Ave Model at 2515 Frankford Ave, Unit Unit 2 in the in the Richmond neighborhood starting from $1,458. The second greatest value Kensington apartment is the 1 Bed, 1 Bath Model at Atlas Lofts starting at $1,650 with a $1.65 price per square foot in the Richmond neighborhood. Here is today’s list of the best values for Kensington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2515 Frankford Ave, Unit Unit 22515 Frankford Ave3BR,2BA$1.25
Atlas Lofts1 Bed, 1 Bath1BR,1BA$1.65
Hagert Lofts2B 2C 2D2BR,2BA$1.86
Brand New Luxury Apartments1BR/1.0BA1BR,1BA$1.83
2029 N Howard St, Unit #12029 N Howard St1BR,1BA$1.16
3719 L St, Unit 13719 L St1BR,1BA$1.28
1950 Clarence St, Unit 21950 Clarence St2BR,1BA$1.23
3053 Frankford Ave, Unit 2F3053 Frankford Ave1BR,1BA$1.43
2315 E Westmoreland St, Unit 12315 E Westmoreland St1BR,1BA$1.57
2533 N Water St2533 N Water St1BR,1BA$1.38

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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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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Pet Friendly Lifestyle
Kensington, Philadelphia, PA

Ranked #73

Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Kensington, Philadelphia, PA

School data provided by Great Schools

Frequently Asked Questions about Kensington

What type of rentals are currently available in Kensington?

There are currently 318 Apartments for Rent in Kensington, PA with pricing that ranges from $750 to $4,500. There are also 172 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kensington ranging from $700 to $5,400.

What is the current price range for Rental Homes in Kensington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Kensington ranges from $700 to $5,400 with an average monthly rent of $2,075.

How much are larger Three and Four Bedroom Rentals in Kensington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Kensington range from $1,000 to $3,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $4,695. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,600.

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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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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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.

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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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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.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.