Cheap Apartments for Rent in the Richmond Neighborhood of Philadelphia, PA from $700 (98 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

2230 E Somerset St

PhiladelphiaPA19134
property at 2536 Amber St

2536 Amber St

PhiladelphiaPA19125

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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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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property at 3554 Sepviva St

3554 Sepviva St

PhiladelphiaPA19134
property at 1551 Church St

1551 Church St

PhiladelphiaPA19124

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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property at 3355 N 2nd St

3355 N 2nd St

PhiladelphiaPA19140

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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Showing Results 1-50, Page 1 of 2

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 $1,050. 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$1,050
Westmoreland LoftsOne Bedroom One Bath1BR,1BA$1,146
The Parkside FishtownStudioStudio,1BA$1,150
2560 Jasper St,StudioStudio,1BA$1,195
The Mill at York StationStudioStudio,1BA$1,195
Harbisons DairyStudio | 1 BathStudio,1BA$1,195

Best Value Apartments for Rent in Richmond, PA

As of November 23, 2025 the best value apartment in the Richmond area is the $1.09 price per square foot 2552 N Hancock St Model at 2552 N Hancock St, Unit 1 in the in the Richmond neighborhood starting from $1,799. The second greatest value Richmond apartment is the 2385 Orthodox St Model at 2385 Orthodox St, Unit Rear Unit starting at $1,300 with a $1.18 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.
2552 N Hancock St, Unit 12552 N Hancock St3BR,2BA$1.09
2385 Orthodox St, Unit Rear Unit2385 Orthodox St3BR,1BA$1.18
Bromley Dwelling2BR/1.0BA2BR,1BA$1.54
East Tioga LoftsTwo Bedroom Two Bath Lofts2BR,2BA$1.70
2626 Trenton Ave, Unit 4052626 Trenton Ave2BR,2BA$1.80
Carl Mackley Houses1 bedroom1BR,1BA$1.30
3427 N 2nd St, Unit 2f3427 N 2nd St2BR,1BA$1.27
2332 Frankford Ave, Unit 2f2332 Frankford Ave1BR,1BA$1.40
2533 N Water St, Unit 22533 N Water St1BR,1BA$1.38
Westmoreland LoftsOne Bedroom One Bath1BR,1BA$1.80

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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
Richmond, Philadelphia, PA

Ranked #50

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 $1,862.

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 40 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 $744 which is $1,118 cheaper than the average rent for all rentals in Richmond.

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 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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.