Cheap Apartments for Rent in the Richmond Neighborhood of Philadelphia, PA from $500 (93 Rentals)

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

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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 450 E Girard Ave

450 E Girard Ave

PhiladelphiaPA19125

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 1901 Hope St

1901 Hope St

PhiladelphiaPA19122
property at 1833 Hope St

1833 Hope St

PhiladelphiaPA19122
property at 2426 Jasper St

2426 Jasper St

PhiladelphiaPA19125
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. Kirkbride Arts Apartments 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
Kirkbride Arts Apartments0BR/1.0BAStudio,1BA$1,075
The Mill at York StationStudioStudio,1BA$1,095
Collins LoftsStudioStudio,1BA$1,095
Westmoreland LoftsOne Bedroom One Bath1BR,1BA$1,100
The Frankford GrandStudioStudio,1BA$1,175
Quaker City FlatsX041BR,1BA$1,191
Beacon FlatsX04Studio,1BA$1,195

Best Value Apartments for Rent in Richmond, PA

As of May 30, 2025 the best value apartment in the Richmond area is the $1.58 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 $2,600. The second greatest value Richmond apartment is the 2 BR / 2 BA Model at Richmond Square starting at $1,745 with a $1.16 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$1.58
Richmond Square2 BR / 2 BA2BR,2BA$1.16
East Tioga LoftsThree Bedroom Two Bath Residences3BR,2BA$1.60
1670 Margaret St, Unit 1St Floor A11670 Margaret St1BR,1BA$1.15
2432 Jasper St, Unit 22432 Jasper St2BR,1BA$1.85
Hagert Lofts2B 2C 2D2BR,2BA$1.80
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
The Mill at York StationStudioStudio ,1BA$1.83

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 #32

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 48 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 $563 which is $1,579 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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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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.