Cheap Apartments for Rent in the Olde City Neighborhood of Philadelphia, PA from $1,100 (50 Rentals)

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

property at 24-30-30 Bank St

24-30-30 Bank St

PhiladelphiaPA19106

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.

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property at 307 Arch St

307 Arch St

PhiladelphiaPA19106
property at 224 Church St

224 Church St

PhiladelphiaPA19106

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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property at 510 Spruce St

510 Spruce St

PhiladelphiaPA19106
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Bank Street Court
Studio to 1 Bedroom Apartments

Bank Street Court

24-30 S Bank StPhiladelphia, PA 19106
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329 Spruce St
1 Bedroom Apartments

329 Spruce St

329 Spruce StPhiladelphia, PA 19106
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Papermill Lofts
Studio to 1 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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Brassworks Apartments
1 Bedroom Apartments

Brassworks Apartments

231 Race StPhiladelphia, PA 19106
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Crafts House
Studio to 2 Bedroom Apartments

Crafts House

51-55 N 3rd StPhiladelphia, PA 19106
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218 Arch Street
Studio to 2 Bedroom Apartments

218 Arch Street

218 Arch StPhiladelphia, PA 19106
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Pfeiffer House
1 Bedroom Apartments

Pfeiffer House

222-226 Race StPhiladelphia, PA 19106
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Waterfront II
Studio to 3 Bedroom Apartments

Waterfront II

106 S Front 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
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One Water Street
1 to 4 Bedroom Apartments

One Water Street

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

421 Pine St

421 Pine StPhiladelphia, PA 19106
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214 Vine
1 to 2 Bedroom Apartments

214 Vine

214 Vine StPhiladelphia, PA 19106
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303 Vine St
1 to 2 Bedroom Apartments

303 Vine St

303 Vine StPhiladelphia, PA 19106
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116 Chestnut Street
2 Bedroom Apartments

116 Chestnut Street

116-118 Chestnut StPhiladelphia, PA 19106
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Showing Results 1-50, Page 1 of 1

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 1 Bed unit found at Papermill Lofts priced from $1,300. The Keystone 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 ListingModel NameBed/BathPriced From
Papermill Lofts237 #2K1BR,1BA$1,300
The Keystone ApartmentsElevate Your EverydayStudio,1BA$1,400
Old City Apartments118 #304Studio,1BA$1,450
The Shirt Corner Apartments0BR/1.0BAStudio,1BA$1,472
LotusStudioStudio,1BA$1,499
Head House Flats0HH1Studio,1BA$1,570
Waterfront IIStudio - fireplaceStudio,1BA$1,570
Mariners Court Apartments221BR,1BA$1,700
313 RaceStudioStudio,1BA$1,750

Best Value Apartments for Rent in Olde City, PA

As of July 04, 2025 the best value apartment in the Olde City area is the $2.09 price per square foot 1F-1G-1H Model at The Mercantile Apartments in the in the Center City neighborhood starting from $2,899. The second greatest value Olde City apartment is the 36 Model at Mariners Court Apartments starting at $2,381 with a $1.80 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Mercantile Apartments1F-1G-1H2BR,2BA$2.09
Mariners Court Apartments362BR,1BA$1.80
The Keystone ApartmentsBeautiful Two Bedroom2BR,2BA$3.08
28 S Strawberry St, Unit #228 S Strawberry St1BR,1BA$1.67
Waterfront IIStudio - fireplaceStudio ,1BA$2.09
The Chocolate Works1Bed 1Bath Loft1BR,1BA$2.52
Old City Apartments118 #304Studio ,1BA$2.87
Papermill Lofts237 #2K1BR,1BA$2.60
The Shirt Corner Apartments0BR/1.0BAStudio ,1BA$2.95
Head House Flats0HH1Studio ,1BA$3.20

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

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 $1,750.

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

The cheapest apartment in Olde City is Papermill Lofts which is listed at $1,300, while the average apartment in Olde City costs $6,507.

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 4 regular apartments in Olde City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.