
Cheap Apartments for Rent in the Olde City Neighborhood of Philadelphia, PA from $1,000 (66 Rentals)
Search the lowest-cost Apartments available for rent right now in the Olde City area of Philadelphia.


Total Monthly Price
224 Arch St

Papermill Lofts

The Shirt Corner Apartments

413 Pine St

Head House Flats

Lotus

29 S 2nd St

210 Locust St

Amble
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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.

Total Monthly Price
28 S Strawberry St, Unit #2

315 New St

235 N Christopher Columbus Blvd

200 Locust St

The Keystone Apartments

214 Vine

Mariner's Court

220 Locust St

The Lofts at 509 Vine

313 Race
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200 Lombard St

24-30-30 Bank St

The Ryland

The National

The Chocolate Works

The Ledger Residences

37 N 3rd St

102 Church St

209 N 3rd St

125 N 4th St
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317 Vine St

241 S 6th St

The Broderick

Total Monthly Price
The Mercantile Apartments

44 S 3rd St

Total Monthly Price
250 N Christopher Columbus Blvd

200 Locust St, Unit 6CN

The School House

329 Spruce St

Bank Street Court
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Papermill Lofts

Trotter's Alley Apartment

300 Market St

Smythe's Corner Condominiums

Brassworks Apartments

Chancery Lane Apartments

The View at Old City

218 Arch Street

Strawberry Court Apartments

Smythe's Corner Apartments
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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 | $1,788 | $1,300 | $2,855 |
| Olde City 1 Bedroom Apartments | $2,521 | $1,425 | $8,110 |
| Olde City 2 Bedroom Apartments | $3,338 | $2,100 | $6,664 |
| Olde City 3 Bedroom Apartments | $7,032 | $3,250 | $10,000+ |
| Olde City 4 Bedroom Apartments | $3,500 | $3,500 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 66 rentals with your search options within a 1 mile radius of the Olde City Neighborhood of Philadelphia, PA.
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Olde City, Philadelphia, PA Local Guide
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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 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 Olde City apartments for rent in Philadelphia, PA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Old City Apartments | 124 #201 | Studio,1BA | $1,300 |
| Papermill Lofts | 237 #1D | Studio,1BA | $1,350 |
| The Shirt Corner Apartments | 0BR/1.0BA | Studio,1BA | $1,421 |
| Lotus | Studio | Studio,1BA | $1,499 |
| The Keystone Apartments | 0BR/1.0BA | Studio,1BA | $1,640 |
| The Lofts at 509 Vine | Type F | 1BR,1BA | $1,685 |
| Mariner's Court | 1BR/1.0BA | 1BR,1BA | $1,700 |
| The Chocolate Works | 1 Bed 1 Bath - Loft | 1BR,1BA | $1,765 |
| The Ledger Residences | 0BR/1.0BA | Studio,1BA | $1,795 |
Best Value Apartments for Rent in Olde City, PA
As of June 17, 2026 the best value apartment in the Olde City area is the $1.13 price per square foot 4 S Front St Model at 4 S Front St, Unit 4 in the in the Center City neighborhood starting from $2,250. The second greatest value Olde City apartment is the 3BR/2.0BA Model at Mariner's Court starting at $3,250 with a $1.91 price per square foot in the Poplar 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. |
|---|---|---|---|
| 4 S Front St, Unit 4 | 4 S Front St | 2BR,2BA | $1.13 |
| Mariner's Court | 3BR/2.0BA | 3BR,2BA | $1.91 |
| 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 Tannery | 2BR/2.0BA | 2BR,2BA | $2.19 |
| 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 | 1BR,1BA | $2.33 |
| The Lofts at 509 Vine | Type F | 1BR,1BA | $2.26 |
Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life
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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.
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 the Cheapest Studio apartment in Olde City?
Currently the most affordable Cheap Studio Apartment in Olde City is at Old City Apartments listed at $1,300.
How much is rent for a Cheap One Bedroom Olde City Apartment?
The lowest price for a Cheap One Bedroom Olde City Apartment is $1,450 at Papermill Lofts.
What is the lowest price for a Cheap Two Bedroom Olde City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Olde City is starting from $2,100 at Mariner's Court.
What is the most affordable Olde City Three Bedroom Apartment?
The best deal on a cheap Olde City Three Bedroom Apartment rental is at Mariner's Court and starts from $3,250.
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.

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Philadelphia is a city of neighborhoods. Those who live here take great pride in our specific corners of the city.

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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

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Neighborhood and Market Insights: How to Choose the Right Area to Rent
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.