Cheap Apartments for Rent in the Olney Neighborhood of Philadelphia, PA from $600 (87 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 2145 Elkins Ave

$900 - $2,000

Studio To 2 Bedroom Rentals

Available Now

2145 Elkins Ave

PhiladelphiaPA19144
property at 5526 N Mascher St

$900 - $1,450

1 To 3 Bedroom Rentals

Available Now

5526 N Mascher St

PhiladelphiaPA19120
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YONO
Rent Specials
$960 - $2,164Studio to 3 Bedroom Apartments Available Now

YONO

1320 W Somerville AvePhiladelphia, PA 19141
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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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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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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.

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Olney, Philadelphia, PA Local Guide

Cheapest Available Olney Apartments for Rent

 

The cheapest available apartment rental in the Olney area of Philadelphia, PA is a Studio unit found at Oak Lane Court Apartments priced from $750. Olney Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Olney apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Oak Lane Court Apartments0/1.0Studio,1BA$750
Olney PlazaStudiosStudio,1BA$850
Oaklynne1 Bed 1 Bath1BR,1BA$895
Ivy Hill GardensSTUDIOStudio,1BA$900
Foulkrod Manor1 Bedroom1BR,1BA$925
Oasis Manor - Senior Housing ApartmentsStudioStudio,1BA$950
Regency VillageStudioStudio,1BA$950
YONOStudioStudio,1BA$960

Best Value Apartments for Rent in Olney, PA

As of May 24, 2026 the best value apartment in the Olney area is the $1.09 price per square foot 2115 Stenton Ave Model at 2115 Stenton Ave in the in the West Oak Lane neighborhood starting from $1,350. The second greatest value Olney apartment is the 3539 N 11th St Model at 3539 N 11th St, Unit 1 starting at $1,000 with a $0.91 price per square foot in the Tioga neighborhood. Here is today’s list of the best values for Olney apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2115 Stenton Ave2115 Stenton Ave2BR,1BA$1.09
3539 N 11th St, Unit 13539 N 11th St2BR,1BA$0.91
321 E Roosevelt Blvd, Unit 2321 E Roosevelt Blvd2BR,1BA$1.27
4660 Castor Ave, Unit 2nd4660 Castor Ave1BR,1BA$1.05
4840 N Camac St, Unit 14840 N Camac St1BR,1BA$1.20
3518 N 11th St, Unit 1st Fl3518 N 11th St1BR,1BA$1.20
6615 N 7th St, Unit 2nd Floor6615 N 7th St1BR,1BA$1.00
3759 N Marshall St, Unit 1st FL3759 N Marshall St2BR,1BA$1.11
7111 Rising Sun Avenue, Unit 3 rd floor7111 Rising Sun Avenue1BR,1BA$1.25
Foulkrod Manor1 Bedroom1BR,1BA$1.28

Beyond 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.

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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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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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Real 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.

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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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Best Local Schools in
Olney, Philadelphia, PA

School data provided by Great Schools

Frequently Asked Questions about Cheap Olney Apartments

What is a cheap apartment in Olney?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Olney is under $960.

What is the price of a cheap apartment in Olney?

The cheapest apartment in Olney is Oaklynne which is listed at $895, while the average apartment in Olney costs $3,250.

What types of apartments are the cheapest in Olney?

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 6 regular apartments in Olney 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 Olney?

Cheap apartments in Olney have an average cost of $478 which is $2,772 cheaper than the average rent for all rentals in Olney.

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

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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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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.

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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.

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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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.