Cheap Apartments for Rent in the Penns Landing Neighborhood of Philadelphia, PA from $700 (104 Rentals)

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

property at 1229 Chestnut St

1229 Chestnut 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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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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property at 24-30-30 Bank St

24-30-30 Bank St

PhiladelphiaPA19106
property at 830 South St

830 South St

PhiladelphiaPA19147
property at 307 Arch St

307 Arch St

PhiladelphiaPA19106

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.

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property at 1529 S 5th St

1529 S 5th St

PhiladelphiaPA19147
property at 224 Church St

224 Church St

PhiladelphiaPA19106
property at 931 Spruce St

931 Spruce St

PhiladelphiaPA19107

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.

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property at 811 Filbert St

811 Filbert St

PhiladelphiaPA19107
Showing Results 1-50, Page 1 of 3

Penns Landing, Philadelphia, PA Local Guide

Cheapest Available Penns Landing Apartments for Rent

 

The cheapest available apartment rental in the Penns Landing area of Philadelphia, PA is a Studio unit found at The Claremont priced from $950. Bainbridge Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,346. Here are the most affordable Penns Landing apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
The ClaremontStudioStudio,1BA$950
Bainbridge LoftsBainbridge One Bedroom Loft1BR,1BA$1,346
339 Bainbridge StOne Bed1BR,1BA$1,360
Old City Apartments118 #304Studio,1BA$1,450
The Shirt Corner Apartments0BR/1.0BAStudio,1BA$1,472
Franklin House ApartmentsStudioStudio,1BA$1,512
Waterfront IIStudio - fireplaceStudio,1BA$1,570
The CommonwealthVine1BR,1BA$1,595

Best Value Apartments for Rent in Penns Landing, PA

As of July 14, 2025 the best value apartment in the Penns Landing area is the $2.09 price per square foot 1F-1G-1H Model at The Mercantile Apartments in the in the Center City neighborhood starting from $2,899. The second greatest value Penns Landing apartment is the 816 S 5th St Model at 816 S 5th St, Unit B starting at $2,600 with a $2.17 price per square foot in the Market East neighborhood. Here is today’s list of the best values for Penns Landing apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Mercantile Apartments1F-1G-1H2BR,2BA$2.09
816 S 5th St, Unit B816 S 5th St2BR,1.5BA$2.17
1169 E Passyunk Ave, Unit 1B1169 E Passyunk Ave2BR,1BA$1.80
706 Christian St, Unit 2706 Christian St1BR,1BA$1.75
28 S Strawberry St, Unit #228 S Strawberry St1BR,1BA$1.67
Four Forty North Front LLC1BR/1.0BA1BR,1BA$2.00
1529 S 2nd St, Unit 3rd Floor1529 S 2nd St2BR,1BA$1.63
Waterfront IIStudio - fireplaceStudio ,1BA$2.09
339 Bainbridge StOne Bed1BR,1BA$1.94
Bainbridge LoftsBainbridge One Bedroom Loft1BR,1BA$2.28

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
Penns Landing, Philadelphia, PA

Ranked #59

Among neighborhoods in Philadelphia, PA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Penns Landing Apartments

What is a cheap apartment in Penns Landing?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penns Landing is under $1,595.

What is the price of a cheap apartment in Penns Landing?

The cheapest apartment in Penns Landing is Bainbridge Lofts which is listed at $1,346, while the average apartment in Penns Landing costs $18,960.

What types of apartments are the cheapest in Penns Landing?

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 39 regular apartments in Penns Landing 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 Penns Landing?

Cheap apartments in Penns Landing have an average cost of $1,151 which is $17,809 cheaper than the average rent for all rentals in Penns Landing.

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 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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.