Cheap Apartments for Rent in the Richmond Neighborhood of Philadelphia, PA from $700 (193 Rentals)

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

property at 3040 Tulip St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

3 Bedroom, 2 Bath Home for Rent

Available Apr 15

3040 Tulip St

PhiladelphiaPA19134

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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

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property at 2942 Rorer St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025
Total Monthly Price
$1,025

1 Bedroom, 1 Bath Home for Rent

Available May 1

2942 Rorer St

PhiladelphiaPA19134

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 1924 N Front St

$1,150 - $1,325

Studio To 1 Bedroom Rentals

Available Now

1924 N Front St

PhiladelphiaPA19122

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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
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Hagert and York

1999 E Boston StPhiladelphia, PA 19125
Student Housing
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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 Studio unit found at Collins Lofts priced from $1,095. The Parkside Fishtown has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable Richmond apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Collins LoftsStudioStudio,1BA$1,095
The Parkside FishtownStudioStudio,1BA$1,150
The Bromley Loom House0BR/1.0BAStudio,1BA$1,150
AvantA1Studio,1BA$1,195
The Mill at York StationStudioStudio,1BA$1,195
The Frankford GrandStudioStudio,1BA$1,195

Best Value Apartments for Rent in Richmond, PA

As of April 10, 2026 the best value apartment in the Richmond area is the $1.90 price per square foot 2603 E Boston St Model at 2603 E Boston St, Unit 2 in the in the Richmond neighborhood starting from $3,999. The second greatest value Richmond apartment is the 4524 Edgemont St Model at 4524 Edgemont St, Unit 4524 Edgemont St starting at $2,000 with a $1.67 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 St, Unit 22603 E Boston St3BR,2.5BA$1.90
4524 Edgemont St, Unit 4524 Edgemont St4524 Edgemont St2BR,1BA$1.67
2515 Frankford Ave, Unit 22515 Frankford Ave3BR,2BA$1.25
3400 Emerald St, Unit 1st floor3400 Emerald St3BR,1BA$1.36
The Palma05 Layout2BR,2BA$1.71
2363 Orthodox St, Unit 2FL2363 Orthodox St2BR,1BA$1.56
3045-3051 Richmond St1BR/1.0BA1BR,1BA$1.89
1950 Clarence St, Unit 21950 Clarence St2BR,1BA$1.33
3053 Frankford Ave, Unit 2F3053 Frankford Ave1BR,1BA$1.43
2315 E Westmoreland St, Unit 12315 E Westmoreland St1BR,1BA$1.71

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Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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Pet Friendly Lifestyle
Richmond, Philadelphia, PA

Ranked #66

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 Views of Fishtown which is listed at $1,354, while the average apartment in Richmond costs $1,900.

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 19 regular apartments in Richmond that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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