Cheap Apartments for Rent in the Olney Neighborhood of Philadelphia, PA from $600 (73 Rentals)

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

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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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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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. Arizona Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $797. 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
Arizona LoftsStudioStudio,1BA$797
Regency VillageStudioStudio,1BA$825
Foulkrod Manor LLCStudio UnitsStudio,1BA$890
Oaklynne1BR/1.0BA1BR,1BA$895
Ivy Hill GardensSTUDIOStudio,1BA$900
Melrose Court ApartmentsStudioStudio,1BA$925
Avondale Apartments1 Bedroom 1 Bathroom1BR,1BA$949
YONOStudioStudio,1BA$1,000

Best Value Apartments for Rent in Olney, PA

As of January 08, 2026 the best value apartment in the Olney area is the $1.00 price per square foot 440 E Cheltenham Ave Model at 440 E Cheltenham Ave, Unit 1 in the in the Lawncrest neighborhood starting from $2,500. The second greatest value Olney apartment is the 5430 N Fairhill St Model at 5430 N Fairhill St, Unit # 2 starting at $1,150 with a $1.05 price per square foot in the West Oak Lane 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.
440 E Cheltenham Ave, Unit 1440 E Cheltenham Ave3BR,1BA$1.00
5430 N Fairhill St, Unit # 25430 N Fairhill St1BR,1BA$1.05
4915 N 13th St, Unit Units A - C4915 N 13th St2BR,1BA$1.37
Olney Plaza2 Bedroom2BR,1BA$1.23
4749 Bingham St, Unit 2nd Fl4749 Bingham St1BR,1BA$1.33
7111 Rising Sun Avenue, Unit 3 rd floor7111 Rising Sun Avenue1BR,1BA$1.25
5113 N 13th St, Unit #35113 N 13th St1BR,1BA$1.25
Carl Mackley Houses1 bedroom1BR,1BA$1.30
2100 65th Ave, Unit G2100 65th Ave1BR,1BA$1.33
1126-2 W Rockland St, Unit FL31126-2 W Rockland StStudio ,1BA$1.31

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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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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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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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 $1,000.

What is the price of a cheap apartment in Olney?

The cheapest apartment in Olney is Arizona Lofts which is listed at $886, while the average apartment in Olney costs $1,572.

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 10 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 $848 which is $724 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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!