
Cheap Apartments for Rent in the Olde City Neighborhood of Philadelphia, PA from $1,000 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in the Olde City area of Philadelphia.


Old City Apartments

120 Chestnut St

311 N Randolph St

The Shirt Corner Apartments

The Keystone Apartments

224 Church St

250 N Christopher Columbus Blvd, Unit 411
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.

235 N Christopher Columbus Blvd

Amble

Crafts House

Head House Flats

230 Arch St

The Lofts at 509 Vine

24-30-30 Bank St

1222 Arch St

The Chocolate Works
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.

104 Chestnut St, Unit 4

130 Arch St

The National

Mariners Court Apartments

510 Spruce St

313 Race

319 Market St

48 N Front St
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.
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 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 | $1,801 | $1,000 | $3,675 |
| Olde City 1 Bedroom Apartments | $2,181 | $1,450 | $3,980 |
| Olde City 2 Bedroom Apartments | $3,414 | $1,600 | $8,520 |
| Olde City 3 Bedroom Apartments | $7,865 | $3,995 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 49 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 $1,000. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Papermill Lofts | 253 #2C | Studio,1BA | $1,000 |
| Old City Apartments | 124 #202 | Studio,1BA | $1,200 |
| The Shirt Corner Apartments | 0BR/1.0BA | Studio,1BA | $1,421 |
| The Keystone Apartments | 0BR/1.0BA | Studio,1BA | $1,475 |
| Lotus | Studio | Studio,1BA | $1,499 |
| Head House Flats | 0HH1 | Studio,1BA | $1,565 |
| The Lofts at 509 Vine | Type D | 1BR,1BA | $1,600 |
| The Chocolate Works | 1 Bed 1 Bath | 1BR,1BA | $1,646 |
| Waterfront II | Studio - fireplace | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mariners Court Apartments | 36 | 2BR,1BA | $1.80 |
| 319 Market St, Unit #3 | 319 Market St | 2BR,2BA | $2.08 |
| 101 Cuthbert St, Unit #3 | 101 Cuthbert St | 1BR,1BA | $2.26 |
| The School House | B - Rear West Facing | 1BR,1BA | $1.91 |
| The Mercantile Apartments | 2F-3F | 1BR,1BA | $2.23 |
| Waterfront II | Studio - fireplace | Studio ,1BA | $2.26 |
| The Lofts at 509 Vine | Type F | 1BR,1BA | $2.28 |
| Papermill Lofts | 121 #4C | 1BR,1BA | $2.01 |
| The Chocolate Works | 1 Bed 1 Bath - Loft | 1BR,1BA | $2.36 |
| 250 N Christopher Columbus Blvd, Unit 411 | 250 N Christopher Columbus Blvd | 1BR,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.
Read ArticleApartment 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.
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 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!
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.























