Cheap Apartments for Rent in the Richmond Neighborhood of Philadelphia, PA from $700 (203 Rentals)

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

property at 2666 Bridge St

$875 - $1,450

Studio To 2 Bedroom Rentals

Available Now

2666 Bridge St

PhiladelphiaPA19137

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 2230 E Somerset St

$974 - $2,121

Studio To 2 Bedroom Rentals

Available Now

2230 E Somerset St

PhiladelphiaPA19134

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 1935 E Hazzard St

$1,095 - $1,250

Studio To 1 Bedroom Rentals

Available Now

1935 E Hazzard St

PhiladelphiaPA19125
property at 4627 E Thompson St

$1,125 - $1,595

Studio To 2 Bedroom Rentals

Available Now

4627 E Thompson St

PhiladelphiaPA19137

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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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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property at 240 W Ontario St

$1,200 - $1,400

1 To 2 Bedroom Rentals

Available May 27

240 W Ontario St

PhiladelphiaPA19140
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Hagert and York
Rent Specials
$1,210 - $3,335
Total Monthly Price

Total Monthly Price

Base Rent
$1,210 - $3,335
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Studio to 2 Bedroom Apartments Available Now

Hagert and York

1999 E Boston StPhiladelphia, PA 19125
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Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide

Get the true Philly experience! The Philadelphia Insider's Guide to the city's distinct neighborhoods (Fishtown, Queen Village, Society Hill) and must-see local attractions from ApartmentHomeLiving.com.

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Richmond, Philadelphia, PA Local Guide

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in the Richmond area of Philadelphia, PA is a Studio unit found at Collins Lofts priced from $1,075. The Mill at York Station has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Richmond apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Collins LoftsStudioStudio,1BA$1,075
The Mill at York StationStudioStudio,1BA$1,195
AvantA1Studio,1BA$1,195
Westmoreland LoftsOne Bedroom One Bath1BR,1BA$1,233
The Avenue in FishtownStudio 1 Bath - AStudio,1BA$1,250
The Palma01 Layout1BR,1BA$1,290

Best Value Apartments for Rent in Richmond, PA

As of May 26, 2026 the best value apartment in the Richmond area is the $1.55 price per square foot 1 Bedroom 2 Bath Den Model at Frankford Lofts in the in the Richmond neighborhood starting from $2,166. The second greatest value Richmond apartment is the 2515 Frankford Ave Model at 2515 Frankford Ave, Unit Unit 2 starting at $1,458 with a $1.25 price per square foot in the Richmond neighborhood. Here is today’s list of the best values for Richmond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Frankford Lofts1 Bedroom 2 Bath Den1BR,2BA$1.55
2515 Frankford Ave, Unit Unit 22515 Frankford Ave3BR,2BA$1.25
2366 Orthodox St, Unit D2366 Orthodox St2BR,1.5BA$1.59
Atlas Lofts1 Bed, 1 Bath1BR,1BA$1.65
2001 E Monmouth St, Unit 2nd floor2001 E Monmouth St2BR,1BA$1.33
2363 Orthodox St, Unit 2FL2363 Orthodox St2BR,1BA$1.52
1950 Clarence St, Unit 21950 Clarence St2BR,1BA$1.19
Palmetto Apartments1BR1BR,1BA$1.73
3053 Frankford Ave, Unit 2F3053 Frankford Ave1BR,1BA$1.43
2533 N Water St2533 N Water St1BR,1BA$1.46

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
Richmond, Philadelphia, PA

Ranked #46

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Richmond, Philadelphia, PA

School data provided by Great Schools

Frequently Asked Questions about Cheap Richmond Apartments

What is a cheap apartment in Richmond?

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

What is the price of a cheap apartment in Richmond?

The cheapest apartment in Richmond is Westmoreland Lofts which is listed at $1,239, while the average apartment in Richmond costs $2,400.

What types of apartments are the cheapest in Richmond?

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 17 regular apartments in Richmond 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 Richmond?

Cheap apartments in Richmond have an average cost of $436 which is $1,964 cheaper than the average rent for all rentals in Richmond.

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

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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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Articles, How-To's, and Tips

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.