Cheap Homes for Rent in Penn Center Neighborhood of Philadelphia, PA from $500 (160 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Penn Center area of Philadelphia.

property at 619 N 11th St

619 N 11th St

PhiladelphiaPA19123

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.

Read Article
property at 404 S 22nd St

404 S 22nd St

PhiladelphiaPA19146

Philadelphia's Best Affordable Neighborhoods

Learn about Philadelphia and the best places to live with original content written by our Local Expert Richard Corrigan

Read Article
property at 42 S 15th St

42 S 15th St

PhiladelphiaPA19102

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.

Read Article
property at 42 S 15th St

42 S 15th St

PhiladelphiaPA19102

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
property at 42 S 15th St

42 S 15th St

PhiladelphiaPA19102
property at 42 S 15th St

42 S 15th St

PhiladelphiaPA19102
property at 42 S 15th St

42 S 15th St

PhiladelphiaPA19102
property at 42 S 15th St

42 S 15th St

PhiladelphiaPA19102
property at 450 N 18th St

450 N 18th St

PhiladelphiaPA19130

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-50, Page 1 of 4

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. The Claremont 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
The ClaremontStudioStudio,1BA$950
1606-1608 Locust StStudio - 2nd FloorStudio,1BA$950
1501 Locust St Residential0BR/1.0BAStudio,1BA$1,000
226 South 21st StStudioStudio,1BA$1,015
Juniper PlaceStudioStudio,1BA$1,025
Spruce TowerHeritage -07Studio,1BA$1,050
Ronan FlatsD1Studio,1BA$1,204

Best Value Apartments for Rent in Penn Center, PA

As of July 25, 2025 the best value apartment in the Penn Center area is the $1.14 price per square foot 3BR/2.5BA Model at The Homes at Chapel Lofts in the in the Poplar neighborhood starting from $2,900. The second greatest value Penn Center apartment is the 1014 S 19th St Model at 1014 S 19th St, Unit A starting at $2,695 with a $1.80 price per square foot in the Market East 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.
The Homes at Chapel Lofts3BR/2.5BA3BR,2.5BA$1.14
1014 S 19th St, Unit A1014 S 19th St3BR,2BA$1.80
Packard Building2 Bed 2 Bath A2BR,2BA$2.18
Lofts 640Studio C With BalconyStudio ,1BA$2.04
Spring Lofts2SL242BR,2BA$2.17
Four Forty North Front LLC1BR/1.0BA1BR,1BA$1.98
1010 Arch St, Unit 5111010 Arch St2BR,1BA$2.09
2131 Walnut St#1011BR,1BA$2.15
Universal Court 11 Bed, 1 bath1BR,1BA$1.29
1314 Walnut St, Unit 3S1314 Walnut StStudio ,1BA$2.12

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Penn Center

What type of rentals are currently available in Penn Center?

There are currently 1871 Apartments for Rent in Penn Center, PA with pricing that ranges from $647 to $29,970. There are also 650 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penn Center ranging from $550 to $25,000.

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 $550 to $25,000 with an average monthly rent of $4,103.

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 $1,119 to $21,778, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $17,901. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,195.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.