
Cheap Homes for Rent in the Penn Center Neighborhood of Philadelphia, PA from $800 (38 Rentals)
Search the lowest-cost Homes available for rent right now in the Penn Center area of Philadelphia.


251 S 21st St

1324 Locust St

918 S 12th St

1217 Spring Garden St, Unit B

1526 Christian St

1020 Fairmount Ave

1217 Spring Garden St, Unit A

2307 Christian Street, Unit 2
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.

1616 Pine St

425 S 15th St, Unit 3R

2016 Locust St

711 Walnut St

734 North Terrace

224 W Rittenhouse Square, Unit 1515b

1832-34 Callowhill St

1601 Spring Garden St, Unit 417

1217 Spring Garden St, Unit C
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.

1526 Mt Vernon St

1939 Chestnut St

758 S 15th St

2101 Chestnut St, Unit Riverwest 1BR

30 S 22nd St

1211 Ridge Ave, Unit 1

525 Fitzwater St

612 Rodman St

718 N 15th St, Unit 4
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.

2534 Alter St

250 S 23rd St, Unit 4

333 S 21st St

333 S 21st St, Unit 1F

111 N 9th St, Unit 218

327 S 16th St

500 N 13th St, Unit 306

759 S Jessup St

753 S Jessup St
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.

755 S Jessup St

910 Arch St, Unit 2F
Penn Center, Philadelphia, PA Local Guide

How much does it cost to rent a home in Penn Center?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penn Center 2 Bedroom Homes for Rent | $2,416 | $1,250 | $4,250 |
| Penn Center 3 Bedroom Homes for Rent | $3,726 | $1,899 | $7,750 |
| Penn Center 4 Bedroom Homes for Rent | $9,398 | $3,200 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 38 rentals with your search options within a 1 mile radius of the Penn Center Neighborhood of Philadelphia, PA.
Explore Philadelphia
Penn Center, Philadelphia, PA Local Guide
- Nearby Philadelphia neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Penn Center Apartments for Rent
 The cheapest available apartment rental in the Penn Center area of Philadelphia, PA is a Studio unit found at 1606-1608 Locust St priced from $865. Guild House West 62+ Senior Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $924. Here are the most affordable Penn Center apartments for rent in Philadelphia, PA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1606-1608 Locust St | Efficiency | Studio,1BA | $865 |
| Guild House West 62+ Senior Apartments | Senior 62+ Apts | Studio,1BA | $924 |
| The Claremont | Studio | Studio,1BA | $1,075 |
| Juniper Place | Studio | Studio,1BA | $1,075 |
| The Newport | Studio | Studio,1BA | $1,100 |
| Spring Lofts | 1SL9 | 1BR,1BA | $1,290 |
| The Drake | STUDIO | Studio,1BA | $1,300 |
| Roosevelt Apartments | Studio | Classic | Studio,1BA | $1,345 |
Best Value Apartments for Rent in Penn Center, PA
As of July 08, 2026 the best value apartment in the Penn Center area is the $1.97 price per square foot 1643 Fitzwater St Model at 1643 Fitzwater St, Unit A in the in the Belmont neighborhood starting from $2,950. The second greatest value Penn Center apartment is the 602 Model at The Chatham starting at $2,250 with a $1.80 price per square foot in the Belmont neighborhood. Here is today’s list of the best values for Penn Center apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1643 Fitzwater St, Unit A | 1643 Fitzwater St | 4BR,3BA | $1.97 |
| The Chatham | 602 | 2BR,1BA | $1.80 |
| Universal Court 1 | 3 Bed 2.5 Bath | 3BR,2.5BA | $1.25 |
| 1530 Chestnut | 2 Bed 1 Bath | 2BR,1BA | $2.09 |
| 2333 Catharine St, Unit 2 | 2333 Catharine St | 2BR,1BA | $1.60 |
| 628 N 11th St, Unit 2 | 628 N 11th St | 2BR,1BA | $1.66 |
| Waverly Court / Keppoch House | 1BR/1.0BA | 1BR,1BA | $2.00 |
| 514 South Street | 1BR/1.0BA | 1BR,1BA | $1.73 |
| 1430 South Street | 1BR/1.0BA | 1BR,1BA | $1.96 |
| 1121 Mt Vernon St | 1121 Mt Vernon St | 1BR,1BA | $1.69 |
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.
Read ArticleUnlock 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.
Read ArticleDon'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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestylePenn Center, Philadelphia, PA
Ranked #9
Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Penn Center
What type of rentals are currently available in Penn Center?
There are currently 1807 Apartments for Rent in Penn Center, PA with pricing that ranges from $647 to $24,995. There are also 137 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penn Center ranging from $805 to $24,500.
What is the current price range for Rental Homes in Penn Center?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penn Center ranges from $805 to $24,500 with an average monthly rent of $3,819.
How much are larger Three and Four Bedroom Rentals in Penn Center?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penn Center range from $1,300 to $17,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,899 to $7,750. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $1,160.
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

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.

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.

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.

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

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.

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.

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.

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.