Cheap Apartments for Rent in the Olney Neighborhood of Philadelphia, PA from $600 (53 Rentals)

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

property at 6935 N 15th St

6935 N 15th St

PhiladelphiaPA19126

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.

property at 4635 Leiper St

4635 Leiper St

PhiladelphiaPA19124
property at 5205 N 5th St

5205 N 5th St

PhiladelphiaPA19120

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.

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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Foulkrod Apartments
1 to 3 Bedroom Apartments

Foulkrod Apartments

1338 Foulkrod StPhiladelphia, PA 19124
  • Utilities Included
  • Smoke Free

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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232 E Wister St
Studio Apartments

232 E Wister St

232 E Wister StPhiladelphia, PA 19144
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Boulevard Gardens
1 to 2 Bedroom Apartments

Boulevard Gardens

4801 Summerdale AvePhiladelphia, PA 19124
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Treeview Manor Apartments
Studio to 1 Bedroom Apartments

Treeview Manor Apartments

6620-6630 N 5th StPhiladelphia, PA 19126
  • Utilities Included
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Grange Apartments
Studio to 2 Bedroom Apartments

Grange Apartments

5800 N 16th StPhiladelphia, PA 19141
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Cheltenham Station
Studio to 2 Bedroom Apartments

Cheltenham Station

6810 Martins Mill RdPhiladelphia, PA 19111
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1713 W Tioga St
1 Bedroom Apartments

1713 W Tioga St

1713 W Tioga StPhiladelphia, PA 19140
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Arizona Lofts
Studio to 2 Bedroom Apartments

Arizona Lofts

4618 Leiper StPhiladelphia, PA 19124
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3901 on the Boulevard
1 to 2 Bedroom Apartments

3901 on the Boulevard

3901 Roosevelt BlvdPhiladelphia, PA 19124
  • Utilities Included
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Jason Court Apartments
1 Bedroom Apartments

Jason Court Apartments

6614-6620 Oxford AvePhiladelphia, PA 19111
  • Utilities Included
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Oaklynne
Studio to 1 Bedroom Apartments

Oaklynne

6610 N 8th StPhiladelphia, PA 19126
  • Utilities Included
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6800 Bingham Street
Studio to 1 Bedroom Apartments

6800 Bingham Street

4605 Leiper StPhiladelphia, PA 19124
  • Utilities Included

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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Rockland Apartments
1 to 2 Bedroom Apartments

Rockland Apartments

1309-1313 W Rockland StPhiladelphia, PA 19141

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. Regency Village has the second lowest priced unit, which is a Studio apartment currently listed from $825. 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
Regency VillageStudioStudio,1BA$825
Arizona LoftsStudioStudio,1BA$842
Foulkrod Manor LLCStudio UnitsStudio,1BA$890
Oaklynne1BR/1.0BA1BR,1BA$895

Best Value Apartments for Rent in Olney, PA

As of October 07, 2025 the best value apartment in the Olney area is the $1.18 price per square foot 5 Bedroom Model at 549 Armstrong St in the in the West Oak Lane neighborhood starting from $2,250. The second greatest value Olney apartment is the 5028 N 10th St Model at 5028 N 10th St, Unit #2 starting at $1,200 with a $0.71 price per square foot in the Ogontz 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.
549 Armstrong St5 Bedroom5BR,3BA$1.18
5028 N 10th St, Unit #25028 N 10th St2BR,1BA$0.71
5800 Stockton Rd, Unit 5800 Stockton Rd unit #15800 Stockton Rd4BR,1.5BA$1.35
4840 Old York Rd, Unit Apt.2 Fl4840 Old York Rd2BR,1BA$1.15
Olney Plaza2 Bedroom2BR,1BA$1.23
6601 N 21st St6601 N 21st St1BR,1BA$1.22
7111 Rising Sun Avenue, Unit 3 rd floor7111 Rising Sun Avenue1BR,1BA$1.25
Carl Mackley Houses1 bedroom1BR,1BA$1.30
Foulkrod Manor LLC1 Bedroom1BR,1BA$1.37
6240 N 20th St, Unit 2nd Floor B36240 N 20th StStudio ,1BA$0.86

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Olney, Philadelphia, PA

Ranked #154

Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Olney Neighborhood in Philadelphia, PA

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

61 / 100

Bikeable

Some bike infrastructure

Transit Score®

71 / 100

Excellent Transit

Transit is convenient for most trips

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 $895.

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 $1,645.

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 9 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 $364 which is $1,281 cheaper than the average rent for all rentals in Olney.

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.

decorative image for A Local Expert's Guide to the Best Affordable Neighborhoods in Philadelphia article

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.