Cheap Studio Apartments for Rent in the Penn Center Neighborhood of Philadelphia, PA from $647 (102 Rentals)

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property at 1324 Locust St

$995 - $2,400

Studio Rentals

Available Now

1324 Locust St

PhiladelphiaPA19107

Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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Park Towne Place
$1,386 - $1,496
Total Monthly Price

Total Monthly Price

Base Rent
$1,402 - $8,458
Total Monthly Price
Varies
Studio Apartments Available Now

Park Towne Place

2200 Benjamin Franklin PkyPhiladelphia, PA 19130
Affordability
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  • Customer Reviewed
  • 3D Tour

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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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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property at 1300 Spruce St

$1,400 - $1,540

Studio Rentals

Available Now

1300 Spruce St

PhiladelphiaPA19107
property at 1701 Locust St

$1,495 - $7,250

Studio Rentals

Available Now

1701 Locust St

PhiladelphiaPA19103
property at 245 N 12th St

$1,550 - $2,720

Studio Rentals

Available Jun 30

245 N 12th St

PhiladelphiaPA19107
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Broad + Noble
Rent Specials
$1,585 - $2,087
Total Monthly Price

Total Monthly Price

Base Rent
$1,662 - $4,362
Total Monthly Price
Varies
Studio Apartments Available Now

Broad + Noble

435 N Broad StPhiladelphia, PA 19123
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

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 1600 Arch St

$1,650 - $2,899

Studio Rentals

Available Now

1600 Arch St

PhiladelphiaPA19103
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Goldtex
Rent Specials
$1,753 - $1,935
Total Monthly Price

Total Monthly Price

Base Rent
$1,735 - $3,095
Total Monthly Price
Varies
Studio Apartments Available Now

Goldtex

315 N 12th StPhiladelphia, PA 19107
Student Housing
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Lofts 640
Rent Specials
$1,755 - $1,920
Total Monthly Price

Total Monthly Price

Base Rent
$1,585 - $2,984
Total Monthly Price
Varies
Studio Apartments Available Now

Lofts 640

640 N Broad StPhiladelphia, PA 19130
Corporate Housing
  • Verified
  • Customer Reviewed
  • 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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Penn Center, Philadelphia, PA Local Guide

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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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 #8

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Penn Center Apartments

What is a cheap apartment in Penn Center?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penn Center is under $1,290.

What is the price of a cheap apartment in Penn Center?

The cheapest apartment in Penn Center is 1606-1608 Locust St which is listed at $865, while the average apartment in Penn Center costs $3,585.

What types of apartments are the cheapest in Penn Center?

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 241 regular apartments in Penn Center 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 Penn Center?

Cheap apartments in Penn Center have an average cost of $684 which is $2,901 cheaper than the average rent for all rentals in Penn Center.

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

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.