
Cheap Homes for Rent in Old City Neighborhood of Philadelphia, PA from $1,500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Old City area of Philadelphia.


136 Chestnut St, Unit 3F
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.

200-10-210 Lombard St, Unit 637

125 N 4th St
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.
Old City, Philadelphia, PA Local Guide

How much does it cost to rent a home in Old City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old City 2 Bedroom Homes for Rent | $3,320 | $2,800 | $4,400 |
| Old City 3 Bedroom Homes for Rent | $5,580 | $3,595 | $10,000+ |
| Old City 4 Bedroom Homes for Rent | $7,866 | $6,000 | $8,900 |
| Old City 5 Bedroom Homes for Rent | $19,500 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 10 mile radius of the Old City Neighborhood of Philadelphia, PA.
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Old City, Philadelphia, PA Local Guide
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mariner's Court | 2BR/2.0BA | 2BR,2BA | $1.45 |
| Waterfront II | 2 Bed 1 Bath - fireplace | 2BR,1BA | $1.64 |
| 308 York Ave, Unit Apartment #2 | 308 York Ave | 2BR,2BA | $1.57 |
| The Mercantile Apartments | 1F-1G-1H | 2BR,2BA | $2.02 |
| The Keystone Apartments | 2BR/2.0BA | 2BR,2BA | $2.76 |
| The School House | B - Rear West Facing | 1BR,1BA | $2.17 |
| 28 S Strawberry St, Unit #2 | 28 S Strawberry St | 1BR,1BA | $1.78 |
| The Chocolate Works | 1 Bed 1 Bath - Loft | 1BR,1BA | $2.52 |
| The Shirt Corner Apartments | 0BR/1.0BA | Studio ,1BA | $2.68 |
| Papermill Lofts | 237 #1D | Studio ,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleOld City, Philadelphia, PA
Ranked #80
Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Old City
What type of rentals are currently available in Old City?
There are currently 304 Apartments for Rent in Old City, PA with pricing that ranges from $1,300 to $10,500. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old City ranging from $1,550 to $19,500.
What is the current price range for Rental Homes in Old City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Old City ranges from $1,550 to $19,500 with an average monthly rent of $7,633.
How much are larger Three and Four Bedroom Rentals in Old City?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Old City range from $3,850 to $10,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,595 to $10,500. Four Bedroom Single-Family rentals are also available starting from $6,000 and Four Bedroom Apartments start at $3,500.
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

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.

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.

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.

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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.