Cheap Apartments for Rent in the Olde City Neighborhood of Philadelphia, PA from $1,000 (49 Rentals)

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

property at 224 Church St

224 Church 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 1222 Arch St

1222 Arch 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.

property at 130 Arch St

130 Arch St

PhiladelphiaPA19106
property at 319 Market St

319 Market 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
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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
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218 Arch Street
Studio to 2 Bedroom Apartments

218 Arch Street

218 Arch StPhiladelphia, PA 19106
  • Utilities Included

Philadelphia's Best Affordable Neighborhoods

Learn about Philadelphia and the best places to live with original content written by our Local Expert Richard Corrigan

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Strawberry Court Apartments
Studio to 2 Bedroom Apartments

Strawberry Court Apartments

15 S Bank StPhiladelphia, PA 19106
Student Housing
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Pfeiffer House
1 Bedroom Apartments

Pfeiffer House

222-226 Race StPhiladelphia, PA 19106
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Waterfront I
1 to 2 Bedroom Apartments

Waterfront I

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

New Street Lofts

121 New StPhiladelphia, PA 19106
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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

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.

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Waterfront II
Studio to 3 Bedroom Apartments

Waterfront II

106 S Front StPhiladelphia, PA 19106
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One Water Street
1 to 4 Bedroom Apartments

One Water Street

250 N Columbus BlvdPhiladelphia, PA 19106
Corporate Housing
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421 Pine St
1 to 4 Bedroom Apartments

421 Pine St

421 Pine StPhiladelphia, PA 19106
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The Berger
Studio to 2 Bedroom Apartments

The Berger

229-237 Arch StPhiladelphia, PA 19106
  • Utilities Included

Olde City, Philadelphia, PA Local Guide

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 $1,000. Old City Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable Olde City apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Papermill Lofts253 #2CStudio,1BA$1,000
Old City Apartments124 #202Studio,1BA$1,200
The Shirt Corner Apartments0BR/1.0BAStudio,1BA$1,421
The Keystone Apartments0BR/1.0BAStudio,1BA$1,475
LotusStudioStudio,1BA$1,499
Head House Flats0HH1Studio,1BA$1,565
The Lofts at 509 VineType D1BR,1BA$1,600
The Chocolate Works1 Bed 1 Bath1BR,1BA$1,646
Waterfront IIStudio - fireplaceStudio,1BA$1,695

Best Value Apartments for Rent in Olde City, PA

As of November 07, 2025 the best value apartment in the Olde City area is the $1.80 price per square foot 36 Model at Mariners Court Apartments in the in the Poplar neighborhood starting from $2,381. The second greatest value Olde City apartment is the 319 Market St Model at 319 Market St, Unit #3 starting at $2,500 with a $2.08 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Mariners Court Apartments362BR,1BA$1.80
319 Market St, Unit #3319 Market St2BR,2BA$2.08
101 Cuthbert St, Unit #3101 Cuthbert St1BR,1BA$2.26
The School HouseB - Rear West Facing1BR,1BA$1.91
The Mercantile Apartments2F-3F1BR,1BA$2.23
Waterfront IIStudio - fireplaceStudio ,1BA$2.26
The Lofts at 509 VineType F1BR,1BA$2.28
Papermill Lofts121 #4C1BR,1BA$2.01
The Chocolate Works1 Bed 1 Bath - Loft1BR,1BA$2.36
250 N Christopher Columbus Blvd, Unit 411250 N Christopher Columbus Blvd1BR,1BA$2.20

Unlock 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.

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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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Quick 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.

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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!

Getting Around the Olde City Neighborhood in Philadelphia, PA

Walk Score®

98 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

86 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

97 / 100

Rider’s Paradise

World-class public transportation

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 $1,695.

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

The cheapest apartment in Olde City is Old City Apartments which is listed at $1,450, while the average apartment in Olde City costs $8,328.

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 42 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 $393 which is $7,935 cheaper than the average rent for all rentals in Olde City.

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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! 

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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.