Cheap Apartments for Rent in the Richmond Neighborhood of Philadelphia, PA from $700 (135 Rentals)

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

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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. Collins Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,075. Here are the most affordable Richmond apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Carl Mackley Houses1 bedroom1BR,1BA$1,000
Collins LoftsStudioStudio,1BA$1,075
Westmoreland LoftsOne Bedroom One Bath1BR,1BA$1,095
The Mill at York StationStudioStudio,1BA$1,095
The Parkside FishtownStudioStudio,1BA$1,150
The Frankford GrandStudioStudio,1BA$1,175
1324 Frankford Ave0 Beds, 1 BathsStudio,1BA$1,192
Beacon FlatsX04Studio,1BA$1,195

Best Value Apartments for Rent in Richmond, PA

As of June 17, 2025 the best value apartment in the Richmond area is the $1.56 price per square foot 603 E Girard Ave Model at 603 E Girard Ave, Unit 3rd floor in the in the Richmond neighborhood starting from $2,575. The second greatest value Richmond apartment is the 3 Bedroom 1 5 Bathroom Model at Frankford Lofts starting at $2,564 with a $1.65 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.
603 E Girard Ave, Unit 3rd floor603 E Girard Ave3BR,2BA$1.56
Frankford Lofts3 Bedroom 1 5 Bathroom3BR,2BA$1.65
Richmond Square2 BR / 2 BA2BR,2BA$1.16
Brand New Luxury Apartments2BR/2.0BA2BR,2BA$1.49
1670 Margaret St, Unit 1St Floor A11670 Margaret St1BR,1BA$1.15
4341 E Wingohocking St, Unit 4341 E Wingohocking st4341 E Wingohocking St3BR,1BA$1.40
1503 Orthodox St, Unit 1st Floor1503 Orthodox St2BR,1BA$1.39
Carl Mackley Houses1 bedroom1BR,1BA$1.30
2568 Salmon St, Unit 2nd Floor2568 Salmon St1BR,1BA$1.71
Westmoreland LoftsOne Bedroom One Bath1BR,1BA$1.72

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Richmond, Philadelphia, PA

Ranked #30

Among neighborhoods in Philadelphia, PA 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 $2,142.

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 44 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 $628 which is $1,514 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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.