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.

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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property at 1229 Chestnut St

1229 Chestnut St

PhiladelphiaPA19107
property at 201 S 13th St

201 S 13th St

PhiladelphiaPA19107
property at 1218 Walnut St

1218 Walnut St

PhiladelphiaPA19107
property at 1321 Spruce St

1321 Spruce St

PhiladelphiaPA19107

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

1324 Locust St

PhiladelphiaPA19107
property at 145 S 13th St

145 S 13th 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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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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property at 507 S 8th St

507 S 8th St

PhiladelphiaPA19147

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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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. 1606-1608 Locust St has the second lowest priced unit, which is a Studio apartment currently listed from $950. 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
1606-1608 Locust StStudio - 2nd FloorStudio,1BA$950
1501 Locust St Residential0BR/1.0BAStudio,1BA$1,000
Marshall Square ApartmentsVillage1BR,1BA$1,000
Juniper PlaceStudioStudio,1BA$1,025
The ClaremontStudioStudio,1BA$1,075
Papermill Lofts253 #2CStudio,1BA$1,100
Ronan FlatsD1Studio,1BA$1,204
The DrakeSKStudio,1BA$1,210

Best Value Apartments for Rent in Market East, PA

As of October 10, 2025 the best value apartment in the Market East area is the $1.51 price per square foot 1928 Rodman St Model at 1928 Rodman St, Unit 1928 Rodman St A in the in the Belmont neighborhood starting from $2,950. The second greatest value Market East apartment is the 2013 Walnut St Model at 2013 Walnut St, Unit #4 starting at $2,150 with a $1.19 price per square foot in the Belmont 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.
1928 Rodman St, Unit 1928 Rodman St A1928 Rodman St3BR,2.5BA$1.51
2013 Walnut St, Unit #42013 Walnut St2BR,1.5BA$1.19
529 S 17th St, Unit B529 S 17th St2BR,1BA$1.43
1328 Nectarine St, Unit 13XX Nectarine Street1328 Nectarine St2BR,2.5BA$1.70
1240 Lecount St, Unit A1240 Lecount St2BR,1BA$1.18
The Mercantile Apartments1F-1G-1H2BR,2BA$1.74
112 S 20th St, Unit 5112 S 20th St1BR,1BA$1.55
514 South Street1BR/1.0BA1BR,1BA$1.73
Marshall Square ApartmentsVillage1BR,1BA$1.38
Universal Court 11 Bed, 1 bath1BR,1BA$1.29

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Market East, Philadelphia, PA

Ranked #2

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 $1,210.

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 $5,296.

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 301 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 $909 which is $4,387 cheaper than the average rent for all rentals in Market East.

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.

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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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.