Cheap Apartments for Rent in the Penn Center Neighborhood of Philadelphia, PA from $600 (302 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Penn Center 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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property at 1324 Locust St

$975 - $1,750

Studio Rentals

Available Now

1324 Locust St

PhiladelphiaPA19107

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 736 North Terrace

$1,199 - $1,399

Studio To 2 Bedroom Rentals

Available Feb 10, 2026

736 North Terrace

PhiladelphiaPA19123
property at 1321 Spruce St

$1,200 - $1,300

Studio To 1 Bedroom Rentals

Available Now

1321 Spruce St

PhiladelphiaPA19107
property at 145 S 13th St

$1,245 - $1,270

1 Bedroom Rentals

Available Now

145 S 13th St

PhiladelphiaPA19107
property at 201 S 13th St

$1,085 - $1,795

Studio To 2 Bedroom Rentals

Available Now

201 S 13th St

PhiladelphiaPA19107

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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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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property at 1201 Vine St

$1,295 - $1,995

Studio To 2 Bedroom Rentals

Available Now

1201 Vine St

PhiladelphiaPA19107
property at 1010 Race St

$1,300 - $1,700

Studio To 1 Bedroom Rentals

Available Now

1010 Race St

PhiladelphiaPA19107
property at 2100 Walnut St

$1,170 - $2,550

Studio To 2 Bedroom Rentals

Available Now

2100 Walnut St

PhiladelphiaPA19103

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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Showing Results 1-50, Page 1 of 7

Penn Center, Philadelphia, PA Local Guide

Cheapest Available Penn Center Apartments for Rent

 

The cheapest available apartment rental in the Penn Center area of Philadelphia, PA is a 1 Bed unit found at Universal Court 1 priced from $812. 1606-1608 Locust St has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Penn Center apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Universal Court 11 Bed, 1 bath1BR,1BA$812
1606-1608 Locust StStudio - 2nd FloorStudio,1BA$950
1501 Locust St Residential0BR/1.0BAStudio,1BA$1,000
The DrakeSTUDIOStudio,1BA$1,011
The ClaremontStudioStudio,1BA$1,075
The NewportStudioStudio,1BA$1,135
One CityResidence - A1Studio,1BA$1,184

Best Value Apartments for Rent in Penn Center, PA

As of December 30, 2025 the best value apartment in the Penn Center area is the $1.49 price per square foot 765 S 16th St Model at 765 S 16th St, Unit 2 in the in the Belmont neighborhood starting from $2,975. The second greatest value Penn Center apartment is the 1525 South St Model at 1525 South St, Unit 2nd Floor starting at $2,350 with a $1.81 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Penn Center apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
765 S 16th St, Unit 2765 S 16th St3BR,2.5BA$1.49
1525 South St, Unit 2nd Floor1525 South St2BR,2BA$1.81
1629 South St, Unit 1629 South St. - Studio1629 South StStudio ,1BA$1.10
734 North Ter, Unit Multiple Units734 North Ter2BR,1BA$1.81
The Residences1BR/1.0BA1BR,1BA$1.80
1119 Wallace St, Unit 11119 Wallace St2BR,1BA$1.76
Mural Lofts1BR/1.0BA1BR,1BA$1.81
514 South Street1BR/1.0BA1BR,1BA$1.73
740 E Passyunk Ave, Unit A740 E Passyunk Ave1BR,1BA$1.69
Universal Court 11 Bed, 1 bath1BR,1BA$1.29

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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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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Pet Friendly Lifestyle
Penn Center, Philadelphia, PA

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Pennsylvania including Penn Center, Philadelphia, and the greater Philadelphia area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, pet-friendly features, places that make kids happy, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Penn Center Apartments

What is the Cheapest Studio apartment in Penn Center?

Currently the most affordable Cheap Studio Apartment in Penn Center is at 1606-1608 Locust St listed at $950.

How much is rent for a Cheap One Bedroom Penn Center Apartment?

The lowest price for a Cheap One Bedroom Penn Center Apartment is $812 at Universal Court 1.

What is the lowest price for a Cheap Two Bedroom Penn Center Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Penn Center is starting from $970 at Universal Court 1.

What is the most affordable Penn Center Three Bedroom Apartment?

The best deal on a cheap Penn Center Three Bedroom Apartment rental is at Universal Court 1 and starts from $1,119.

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.

decorative image for Unlock Your Philly Commute: Your Guide to Renting Near the Citys Biggest Employers article

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!