Cheap Apartments for Rent in the Old City Neighborhood of Philadelphia, PA from $1,000 (58 Rentals)

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

property at 413 Pine St

$1,425 - $1,450

1 Bedroom Rentals

Available Aug 1

413 Pine St

PhiladelphiaPA19106
property at 29 S 2nd St

$1,500 - $1,600

1 Bedroom Rentals

Available Aug 1

29 S 2nd St

PhiladelphiaPA19106
property at 200 Locust St

$1,595 - $2,495

Studio To 1 Bedroom Rentals

Available Now

200 Locust St

PhiladelphiaPA19106

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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28 S Strawberry St, Unit #2
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600
1 Bedroom Apartment Available Now

28 S Strawberry St, Unit #2

28 S Strawberry StPhiladelphia, PA 19106
Affordability
property at 210 Locust St

$1,625 - $2,100

Studio To 1 Bedroom Rentals

Available Now

210 Locust St

PhiladelphiaPA19106
property at 220 Locust St

$1,550 - $2,275

Studio To 1 Bedroom Rentals

Available Now

220 Locust St

PhiladelphiaPA19106

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.

property at 24-30-30 Bank St

$1,500 - $1,950

Studio To 1 Bedroom Rentals

Available Now

24-30-30 Bank St

PhiladelphiaPA19106
property at 102 Church St

$1,815

1 Bedroom Rentals

Available Now

102 Church St

PhiladelphiaPA19106
property at 125 N 4th St

$1,855 - $1,935

Total Monthly Price

Total Monthly Price

Base Rent
$1,855 - $1,935

Total Monthly Price
$1,855 - $1,935

1 Bedroom, 1 Bath Condo for Rent

Available Jul 17

125 N 4th St

PhiladelphiaPA19106

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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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
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300 Market St
Studio Apartments

300 Market St

300 Market StPhiladelphia, PA 19106
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Brassworks Apartments
1 Bedroom Apartments

Brassworks Apartments

231 Race StPhiladelphia, PA 19106
  • Utilities Included
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218 Arch Street
Studio to 2 Bedroom Apartments

218 Arch Street

218 Arch StPhiladelphia, PA 19106
  • Utilities Included
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Strawberry Court Apartments
Studio to 2 Bedroom Apartments

Strawberry Court Apartments

15 S Bank StPhiladelphia, PA 19106
Student Housing
  • Utilities Included

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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Pfeiffer House
1 Bedroom Apartments

Pfeiffer House

222-226 Race StPhiladelphia, PA 19106
  • Utilities Included
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One Water Street
1 to 4 Bedroom Apartments

One Water Street

250 N Columbus BlvdPhiladelphia, PA 19106
Corporate Housing
  • Utilities Included
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Waterfront I
1 to 2 Bedroom Apartments

Waterfront I

30-34 S Front StPhiladelphia, PA 19106
  • Utilities Included
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New Street Lofts
1 Bedroom Apartments

New Street Lofts

121 New StPhiladelphia, PA 19106
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The Berger
Studio to 2 Bedroom Apartments

The Berger

229-237 Arch StPhiladelphia, PA 19106
  • Utilities Included
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427 Vine Street
1 Bedroom Apartments

427 Vine Street

427 Vine StPhiladelphia, PA 19106
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257 N 3rd St
1 Bedroom Apartments

257 N 3rd St

257 N 3rd StPhiladelphia, PA 19106
  • Utilities Included

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.

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 Old City Apartments priced from $1,300. Papermill Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here are the most affordable Old City apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Old City Apartments124 #201Studio,1BA$1,300
Papermill Lofts237 #1DStudio,1BA$1,350
The Shirt Corner Apartments0BR/1.0BAStudio,1BA$1,421
LotusStudioStudio,1BA$1,499
AmbleStudioStudio,1BA$1,595
The Keystone Apartments0BR/1.0BAStudio,1BA$1,640
Mariner's Court1BR/2.0BA1BR,2BA$1,750
The Chocolate Works1 Bed 1 Bath - Loft1BR,1BA$1,765
The Ledger Residences0BR/1.0BAStudio,1BA$1,795

Best Value Apartments for Rent in Old City, PA

As of June 24, 2026 the best value apartment in the Old City area is the $1.45 price per square foot 2BR/2.0BA Model at Mariner's Court in the in the Poplar neighborhood starting from $3,200. The second greatest value Old City apartment is the 2 Bed 1 Bath - fireplace Model at Waterfront II starting at $2,360 with a $1.64 price per square foot in the Center City neighborhood. 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.
Mariner's Court2BR/2.0BA2BR,2BA$1.45
Waterfront II2 Bed 1 Bath - fireplace2BR,1BA$1.64
308 York Ave, Unit Apartment #2308 York Ave2BR,2BA$1.57
The Mercantile Apartments1F-1G-1H2BR,2BA$2.02
The Keystone Apartments2BR/2.0BA2BR,2BA$2.76
The School HouseB - Rear West Facing1BR,1BA$2.17
28 S Strawberry St, Unit #228 S Strawberry St1BR,1BA$1.78
The Chocolate Works1 Bed 1 Bath - Loft1BR,1BA$2.52
The Shirt Corner Apartments0BR/1.0BAStudio ,1BA$2.68
Papermill Lofts237 #1DStudio ,1BA$2.55

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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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
Old City, Philadelphia, PA

Ranked #80

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

Pet Friendliness Lifestyle Score

2.5
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 $1,795.

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

The cheapest apartment in Old City is Papermill Lofts which is listed at $1,450, while the average apartment in Old City costs $5,500.

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 8 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 $435 which is $5,065 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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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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