
Cheap Apartments for Rent in the Olde City Neighborhood of Philadelphia, PA from $1,000 (77 Rentals)
Search the lowest-cost Apartments available for rent right now in the Olde City area of Philadelphia.


Old City Apartments

228 Arch St

400 Market Flats

Head House Flats

1222 Arch St

Lotus

301 Race St

Mariners Court Apartments

Amble
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.

200 Locust St

Total Monthly Price
28 S Strawberry St, Unit #2

The Shirt Corner Apartments

130 Arch St

104 Chestnut St, Unit 4

407 South St

The Keystone Apartments

214 Vine

210 Locust St

313 Arch St
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.

Crafts House

The National

The Ledger Residences

114 Arch St

The Lofts at 509 Vine

313 Race

24-30-30 Bank St

The Chocolate Works

The Tannery

Total Monthly Price
218 Market St, Unit Apt 3
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.

321 N Front St

315 New St

401 Race St

511 South St

235 N Christopher Columbus Blvd

Total Monthly Price
The Mercantile Apartments

526 Spruce St

532 Spruce St

Total Monthly Price
250 N Christopher Columbus Blvd, Unit 1012

340 Lombard St, Unit Floor 2
Philadelphia's Best Affordable Neighborhoods
Learn about Philadelphia and the best places to live with original content written by our Local Expert Richard Corrigan

The Ryland

208 Vine St

303 Vine St

135 N 3rd St

224 Church St

312 Walnut St

The School House

12 S Letitia St, Unit 302

329 Spruce St

Bank Street Court
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.
Olde City, Philadelphia, PA Local Guide

How much does it cost to rent an apartment in Olde City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olde City Studio Apartments | $1,773 | $1,200 | $2,875 |
| Olde City 1 Bedroom Apartments | $2,419 | $1,400 | $5,945 |
| Olde City 2 Bedroom Apartments | $3,384 | $1,850 | $8,477 |
| Olde City 3 Bedroom Apartments | $6,011 | $3,950 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 77 rentals with your search options within a 1 mile radius of the Olde City Neighborhood of Philadelphia, PA.
See all Apartments in PhiladelphiaExplore Philadelphia
Olde City, Philadelphia, PA Local Guide
- Nearby Philadelphia neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Olde City Apartments for Rent
 The cheapest available apartment rental in the Olde 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 $1,400. Here are the most affordable Olde City apartments for rent in Philadelphia, PA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Papermill Lofts | 237 #2I | Studio,1BA | $1,200 |
| Old City Apartments | 118 #401 | Studio,1BA | $1,400 |
| 400 Market Flats | Type U Studio | Studio,1BA | $1,432 |
| Head House Flats | 0HH1 | Studio,1BA | $1,445 |
| Lotus | Studio | Studio,1BA | $1,499 |
| Mariners Court Apartments | 34 | 1BR,1BA | $1,500 |
| Waterfront II | Studio - fireplace | Studio,1BA | $1,595 |
| The Shirt Corner Apartments | 1BR/1.0BA | 1BR,1BA | $1,620 |
| The View at Old City | Front Large | Studio,1BA | $1,649 |
Best Value Apartments for Rent in Olde City, PA
As of April 08, 2026 the best value apartment in the Olde City area is the $1.77 price per square foot 43 Model at Mariners Court Apartments in the in the Poplar neighborhood starting from $2,350. The second greatest value Olde City apartment is the 104 Chestnut St Model at 104 Chestnut St, Unit 4 starting at $1,650 with a $1.27 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Olde City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mariners Court Apartments | 43 | 2BR,1BA | $1.77 |
| 104 Chestnut St, Unit 4 | 104 Chestnut St | 1BR,1BA | $1.27 |
| Crafts House | Studio | Studio ,1BA | $1.67 |
| The Shirt Corner Apartments | 1BR/1.0BA | 1BR,1BA | $1.65 |
| 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 |
| Waterfront II | Studio - fireplace | Studio ,1BA | $2.12 |
| The Lofts at 509 Vine | Type F | 1BR,1BA | $2.31 |
| Papermill Lofts | 236 #3A | Studio ,1BA | $1.88 |
| Old City Apartments | 118 #401 | Studio ,1BA | $2.20 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleBeyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life
Find your perfect Philly college neighborhood. We break down the best areas for student renters near major universities, from walkable West Philly to the trendy spots in North Philly.
Read ArticleUnlock 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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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.
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Philadelphia. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Olde City Apartments
What is a cheap apartment in Olde City?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Olde City is under $1,649.
What is the price of a cheap apartment in Olde City?
The cheapest apartment in Olde City is Mariners Court Apartments which is listed at $1,500, while the average apartment in Olde City costs $4,897.
What types of apartments are the cheapest in Olde 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 9 regular apartments in Olde 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 Olde City?
Cheap apartments in Olde City have an average cost of $646 which is $4,251 cheaper than the average rent for all rentals in Olde 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.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.

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.