Cheap Apartments for Rent in the Richmond Neighborhood of Philadelphia, PA from $700 (81 Rentals)

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

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Philadelphia's Best Affordable Neighborhoods

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property at 1325 N Lee St

1325 N Lee St

PhiladelphiaPA19125

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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 Mill at York Station has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. 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 Mill at York StationStudioStudio,1BA$1,095
The Parkside FishtownStudioStudio,1BA$1,150
Westmoreland LoftsOne Bedroom One Bath1BR,1BA$1,166
The Frankford GrandStudioStudio,1BA$1,175
Jasper HouseStudioStudio,1BA$1,195

Best Value Apartments for Rent in Richmond, PA

As of August 22, 2025 the best value apartment in the Richmond area is the $1.65 price per square foot 3 Bedroom 1 5 Bathroom Model at Frankford Lofts in the in the Richmond neighborhood starting from $2,564. The second greatest value Richmond apartment is the 2 Bed/2.5 Bath Model at The Nylon Lofts starting at $2,063 with a $1.55 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 Lofts3 Bedroom 1 5 Bathroom3BR,2BA$1.65
The Nylon Lofts2 Bed/2.5 Bath2BR,2.5BA$1.55
Brand New Luxury Apartments2BR/2.0BA2BR,2BA$1.62
East Tioga LoftsTwo Bedroom Two Bath Lofts2BR,2BA$1.72
3269 Kensington ave, Unit 2nd Floor3269 Kensington ave2BR,1BA$1.28
1670 Margaret St, Unit 1St Floor A11670 Margaret St1BR,1BA$1.15
2723 E Huntingdon St, Unit 1st Floor2723 E Huntingdon St2BR,1BA$1.56
Carl Mackley Houses1 bedroom1BR,1BA$1.30
1925 E Ontario St, Unit Floor 2nd1925 E Ontario St1BR,1BA$1.33
4249 I St4249 I St1BR,1BA$1.64

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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 $2,175.

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 41 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 $598 which is $1,577 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.

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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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.