Cheap Homes for Rent in Penns Landing Neighborhood of Philadelphia, PA from $900 (29 Rentals)

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

property at 120 Chestnut St

120 Chestnut St

PhiladelphiaPA19106
property at 120 Chestnut St

120 Chestnut St

PhiladelphiaPA19106

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.

property at 1435 S 7th St

1435 S 7th St

PhiladelphiaPA19147

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.

property at 105 S 2nd St

105 S 2nd St

PhiladelphiaPA19106
property at 934 S 5th St

934 S 5th St

PhiladelphiaPA19147

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.

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.

property at 630 Moore St

630 Moore St

PhiladelphiaPA19148

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$1,569
Head House Flats0HH1Studio,1BA$1,570

Best Value Apartments for Rent in Penns Landing, PA

As of July 05, 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 $2,700 with a $2.25 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$2.25
1169 E Passyunk Ave, Unit 1B1169 E Passyunk Ave2BR,1BA$1.80
1517 E Moyamensing Ave, Unit 11517 E Moyamensing Ave2BR,1BA$1.80
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
745 S 4th St, Unit 2nd floor745 S 4th St1BR,1BA$2.13
339 Bainbridge StOne Bed1BR,1BA$1.94

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Penns Landing

What type of rentals are currently available in Penns Landing?

There are currently 796 Apartments for Rent in Penns Landing, PA with pricing that ranges from $805 to $29,970. There are also 128 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penns Landing ranging from $900 to $17,901.

What is the current price range for Rental Homes in Penns Landing?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Penns Landing ranges from $900 to $17,901 with an average monthly rent of $4,692.

How much are larger Three and Four Bedroom Rentals in Penns Landing?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Penns Landing range from $1,800 to $17,810, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $17,901. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $3,295.

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.