Cheap Apartments for Rent in the Old City Neighborhood of Philadelphia, PA from $1,050 (78 Rentals)

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

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224 Arch St
$1,610 - $3,005

Total Monthly Price

Base Rent$1,610 - $3,005
Total Monthly Price$1,610 - $3,005
Studio to 2 Bedroom Apartment Available Now

224 Arch St

224 Arch StPhiladelphia, PA 19106
Affordability

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property at 125 N 4th St
$1,855

Total Monthly Price

Base Rent$1,855
Total Monthly Price$1,855
1 Bedroom, 1 Bath Condo for Rent
Available Sep 23
Affordability

125 N 4th St

PhiladelphiaPA19106

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 200 Locust St
$1,600 - $2,450
Studio To 1 Bedroom Rentals
Available Now
Affordability

200 Locust St

PhiladelphiaPA19106
property at 312 Walnut St
$1,745 - $2,515
1 Bedroom Rentals
Available Now
Affordability

312 Walnut St

PhiladelphiaPA19106
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4 S Front St, Unit 4
$2,250

Total Monthly Price

Base Rent$2,250
Total Monthly Price$2,250
2 Bedroom Apartment Available Now

4 S Front St, Unit 4

4 S Front StPhiladelphia, PA 19106
Cost Per Sq.Ft.
property at 241 S 6th St
$2,095 - $2,250
1 Bedroom Rentals
Available Now

241 S 6th St

PhiladelphiaPA19106

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 233 S 6th St
$2,250 - $5,950
1 To 3 Bedroom Rentals
Available Now

233 S 6th St

PhiladelphiaPA19106
property at 315 New St
$2,400 - $3,150
1 To 2 Bedroom Rentals
Available Now
Affordability

315 New St

PhiladelphiaPA19106

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 27 N 2nd St
$3,700
2 Bedroom Rentals
Available Jan 1, 2027

27 N 2nd St

PhiladelphiaPA19106
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329 Spruce St
Studio to 1 Bedroom Apartments

329 Spruce St

329 Spruce StPhiladelphia, PA 19106
  • Utilities Included
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Bank Street Court
Studio to 2 Bedroom Apartments

Bank Street Court

24-30 S Bank StPhiladelphia, PA 19106
  • Utilities Included
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Papermill Lofts
Studio to 2 Bedroom Apartments

Papermill Lofts

236-238 N 2nd StPhiladelphia, PA 19106

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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Showing Results 1-50, Page 1 of 2

Old City, Philadelphia, PA Local Guide

Cheapest Available Old City Apartments for Rent

 

The cheapest available apartment rental in the Old City area of Philadelphia, PA is a Studio unit found at Papermill Lofts priced from $1,200. Old City Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here are the most affordable Old City apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Papermill Lofts253 #4CStudio, 1BA$1,200
Old City Apartments124 #301Studio, 1BA$1,300
237 Chestnut St0BR/1.0BAStudio, 1BA$1,375
The Shirt Corner Apartments0BR/1.0BAStudio, 1BA$1,430
The View at Old CitySwanson LargeStudio, 1BA$1,499
Head House Flats0HH1Studio, 1BA$1,530
The Keystone Apartments0BR/1.0BAStudio, 1BA$1,715
LotusStudio - Bohdi (07)Studio, 1BA$1,749
The Tannery1BR/1.0BA1BR, 1BA$1,875

Best Value Apartments for Rent in Old City, PA

As of September 22, 2026 the best value apartment in the Old City area is the $1.13 price per square foot 4 S Front St Model at 4 S Front St, Unit 4 in the Center City neighborhood starting from $2,250. The second greatest value Old City apartment is the 2E-3E Model at The Mercantile Apartments in the Center City neighborhood starting at $2,643 with a $1.91 price per square foot. Here is today’s list of the best values for Old City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4 S Front St, Unit 44 S Front St2BR, 2BA$1.13
The Mercantile Apartments2E-3E2BR, 2BA$1.91
329 South St2BR/2.5BA2BR, 2.5BA$2.48
408-10 N Front St2/22BR, 2BA$2.65
The Tannery1BR/1.0BA1BR, 1BA$2.32
The Lofts at 509 VineType C1BR, 1BA$2.18
237 Chestnut St0BR/1.0BAStudio, 1BA$1.77
Papermill Lofts121 #5E1BR, 1BA$2.34
The Chocolate Works1 Bed 1 Bath - Loft1BR, 1BA$2.71
The Shirt Corner Apartments0BR/1.0BAStudio, 1BA$2.69

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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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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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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Pet Friendly Lifestyle
Old City, Philadelphia, PA

Ranked #77

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Old City Apartments

What is a cheap apartment in Old City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old City is under $1,875.

What is the price of a cheap apartment in Old City?

The cheapest apartment in Old City is The Lofts at 509 Vine which is listed at $1,699, while the average apartment in Old City costs $2,482.

What types of apartments are the cheapest in Old City?

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 5 regular apartments in Old City 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 Old City?

Cheap apartments in Old City have an average cost of $410 which is $2,072 cheaper than the average rent for all rentals in Old City.

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.

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