Cheap Apartments for Rent in the Richmond Neighborhood of Philadelphia, PA from $700 (69 Rentals)

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

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 2230 E Somerset St

$974 - $2,121

Studio To 2 Bedroom Rentals

Available Now

2230 E Somerset St

PhiladelphiaPA19134

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The Parkside Fishtown
Rent Specials
$1,150 - $2,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,095 - $2,395
Required Monthly Fees
$55
Total Monthly Price
$1,150 - $2,450
Studio to 2 Bedroom Apartments Available Now

The Parkside Fishtown

2110 E Norris StPhiladelphia, PA 19125
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 2119 N Front St

$1,175 - $1,195

Studio To 1 Bedroom Rentals

Available Now

2119 N Front St

PhiladelphiaPA19122
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2331 N Front St
$1,200 - $1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,600
Total Monthly Price
$1,200 - $1,600
1 Bedroom Apartment Available Now

2331 N Front St

2331 N Front StPhiladelphia, PA 19133
Affordability

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

Total Monthly Price

Base Rent
$1,200 - $3,325
Required Monthly Fees
$10
Total Monthly Price
$1,210 - $3,335
Studio to 2 Bedroom Apartments Available Now

Hagert and York

1999 E Boston StPhiladelphia, PA 19125
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1924 N Front St

$1,195 - $1,375

Studio To 1 Bedroom Rentals

Available Now

1924 N Front St

PhiladelphiaPA19122

Philadelphia's Best Affordable Neighborhoods

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

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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 1 Bed unit found at Carl Mackley Houses priced from $1,000. The Frankford Grand has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here are the most affordable Richmond apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Carl Mackley Houses1 bedroom1BR,1BA$1,000
The Frankford GrandStudioStudio,1BA$1,125
Westmoreland LoftsOne Bedroom One Bath1BR,1BA$1,146
The Parkside FishtownStudioStudio,1BA$1,150
Collins LoftsStudioStudio,1BA$1,173
2560 Jasper St,StudioStudio,1BA$1,195
The Mill at York StationStudioStudio,1BA$1,195
The Bromley Loom House0BR/1.0BAStudio,1BA$1,195

Best Value Apartments for Rent in Richmond, PA

As of February 24, 2026 the best value apartment in the Richmond area is the $1.48 price per square foot 2603 E Boston St Model at 2603 E Boston St in the in the Richmond neighborhood starting from $3,100. The second greatest value Richmond apartment is the 2706 Bridge St Model at 2706 Bridge St, Unit 2nd floor starting at $1,700 with a $1.21 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.
2603 E Boston St2603 E Boston St3BR,3.5BA$1.48
2706 Bridge St, Unit 2nd floor2706 Bridge St2BR,1BA$1.21
East Tioga LoftsThree Bedroom Two Bath Residences3BR,2BA$1.60
2515 Frankford Ave, Unit Unit 22515 Frankford Ave3BR,2BA$1.47
3400 Emerald St, Unit 1st floor3400 Emerald St3BR,1BA$1.36
3289 E Thompson St, Unit 1st Floor3289 E Thompson St2BR,1BA$1.19
3400 Reach St3400 Reach St2BR,1BA$1.50
Brand New Luxury Apartments2BR/2.0BA2BR,2BA$1.70
2363 Orthodox St, Unit 2FL2363 Orthodox St2BR,1BA$1.56
Carl Mackley Houses1 bedroom1BR,1BA$1.30

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

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Pet Friendly Lifestyle
Richmond, Philadelphia, PA

Ranked #57

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 $1,195.

What is the price of a cheap apartment in Richmond?

The cheapest apartment in Richmond is Carl Mackley Houses which is listed at $1,000, while the average apartment in Richmond costs $1,997.

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 33 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 $440 which is $1,557 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

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 Unlock Your Philly Commute: Your Guide to Renting Near the Citys Biggest Employers article

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.

decorative image for Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide article

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.

decorative image for Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life article

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

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.