Cheap Apartments for Rent in the Market East Neighborhood of Philadelphia, PA from $600 (323 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Market East area of Philadelphia.

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 1324 Locust St

$1,000 - $1,250

Studio Rentals

Available Now

1324 Locust St

PhiladelphiaPA19107

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 736 North Terrace

$1,199 - $1,399

Studio To 2 Bedroom Rentals

Available Feb 10

736 North Terrace

PhiladelphiaPA19123

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 201 S 13th St

$1,315 - $1,795

Studio To 2 Bedroom Rentals

Available Now

201 S 13th St

PhiladelphiaPA19107

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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Market East, Philadelphia, PA Local Guide

Cheapest Available Market East Apartments for Rent

 

The cheapest available apartment rental in the Market East area of Philadelphia, PA is a 1 Bed unit found at Universal Court 1 priced from $812. 1501 Locust St Residential has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Market East apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Universal Court 11 Bed, 1 bath1BR,1BA$812
1501 Locust St Residential0BR/1.0BAStudio,1BA$1,000
Marshall Square ApartmentsVillage1BR,1BA$1,000
The DrakeSTUDIOStudio,1BA$1,011
The ClaremontStudioStudio,1BA$1,075
Papermill Lofts237 #1IStudio,1BA$1,100
The NewportStudioStudio,1BA$1,135
One CityResidence - A8Studio,1BA$1,180

Best Value Apartments for Rent in Market East, PA

As of January 13, 2026 the best value apartment in the Market East area is the $0.92 price per square foot 1124 S 15th St Model at 1124 S 15th St, Unit 1st Fl in the in the Market East neighborhood starting from $1,960. The second greatest value Market East apartment is the 1240 Lecount St Model at 1240 Lecount St, Unit A starting at $1,745 with a $1.25 price per square foot in the Poplar neighborhood. Here is today’s list of the best values for Market East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1124 S 15th St, Unit 1st Fl1124 S 15th St1BR,1BA$0.92
1240 Lecount St, Unit A1240 Lecount St2BR,1BA$1.25
WLIVING at 117 Spring Garden2 BR/2 BA2BR,2BA$1.43
The Shirt Corner Apartments1BR/1.0BA1BR,1BA$1.65
628 N 11th St, Unit 4628 N 11th St2BR,2BA$1.68
614 N Front St1 Bed/1 Bath1BR,1BA$1.77
514 South Street1BR/1.0BA1BR,1BA$1.73
Marshall Square ApartmentsVillage1BR,1BA$1.38
740 E Passyunk Ave, Unit A740 E Passyunk Ave1BR,1BA$1.69
Universal Court 11 Bed, 1 bath1BR,1BA$1.29

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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
Market East, Philadelphia, PA

Ranked #4

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across Pennsylvania and customized analysis for Central Philadelphia, PA. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Market East Apartments

What is a cheap apartment in Market East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Market East is under $1,180.

What is the price of a cheap apartment in Market East?

The cheapest apartment in Market East is Universal Court 1 which is listed at $812, while the average apartment in Market East costs $5,030.

What types of apartments are the cheapest in Market East?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 294 regular apartments in Market East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Market East?

Cheap apartments in Market East have an average cost of $1,334 which is $3,696 cheaper than the average rent for all rentals in Market East.

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.

decorative image for Unlock Your Philly Commute: Your Guide to Renting Near the Citys Biggest Employers article

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.

Articles, How-To's, and Tips

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!