Cheap Apartments for Rent in the Riverfront Neighborhood of Philadelphia, PA from $700 (99 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverfront 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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property at 830 South St

830 South St

PhiladelphiaPA19147

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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property at 24-30-30 Bank St

24-30-30 Bank St

PhiladelphiaPA19106
property at 507 S 8th St

507 S 8th St

PhiladelphiaPA19147

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 258 S 9th St

258 S 9th St

PhiladelphiaPA19107
property at 1019 Arch St

1019 Arch St

PhiladelphiaPA19107
property at 224 Church St

224 Church St

PhiladelphiaPA19106
property at 514 South St

514 South St

PhiladelphiaPA19147

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 701 Sansom St

701 Sansom St

PhiladelphiaPA19106
property at 811 Filbert St

811 Filbert St

PhiladelphiaPA19107
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Riverfront, Philadelphia, PA Local Guide

Cheapest Available Riverfront Apartments for Rent

 

The cheapest available apartment rental in the Riverfront area of Philadelphia, PA is a 1 Bed unit found at Papermill Lofts priced from $1,300. Papermill Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable Riverfront apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Papermill Lofts237 #2K1BR,1BA$1,300
Papermill Lofts237 #2K1BR,1BA$1,300
Bainbridge LoftsBainbridge One Bedroom Loft1BR,1BA$1,346
339 Bainbridge StOne Bed1BR,1BA$1,360
The Keystone ApartmentsElevate Your EverydayStudio,1BA$1,400
Old City Apartments118 #304Studio,1BA$1,450
The Shirt Corner Apartments0BR/1.0BAStudio,1BA$1,472
Head House Flats0HH1Studio,1BA$1,555
Waterfront IIStudio - fireplaceStudio,1BA$1,570

Best Value Apartments for Rent in Riverfront, PA

As of June 18, 2025 the best value apartment in the Riverfront area is the $0.80 price per square foot 10 S Front St Model at 10 S Front St, Unit 3 in the in the Center City neighborhood starting from $2,000. The second greatest value Riverfront apartment is the 1F-1G-1H Model at The Mercantile Apartments starting at $2,737 with a $1.98 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Riverfront apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
10 S Front St, Unit 310 S Front St2BR,2BA$0.80
The Mercantile Apartments1F-1G-1H2BR,2BA$1.98
Mariners Court Apartments362BR,1BA$1.80
11 Cooper2 Bedroom2BR,2BA$2.00
1169 E Passyunk Ave, Unit 1B1169 E Passyunk Ave2BR,1BA$1.80
914 E Passyunk Ave, Unit 2F914 E Passyunk Ave2BR,1BA$1.63
Waterfront IIStudio - fireplaceStudio ,1BA$2.09
745 S 4th St, Unit 2nd floor745 S 4th St1BR,1BA$2.13
339 Bainbridge StOne Bed1BR,1BA$1.94
1003 S 3rd St, Unit 11003 S 3rd St2BR,1BA$2.00

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
Riverfront, Philadelphia, PA

Ranked #48

Among neighborhoods in Philadelphia, PA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Riverfront, Philadelphia, PA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Philadelphia. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Riverfront Apartments

What is a cheap apartment in Riverfront?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverfront is under $1,570.

What is the price of a cheap apartment in Riverfront?

The cheapest apartment in Riverfront is Papermill Lofts which is listed at $1,300, while the average apartment in Riverfront costs $22,920.

What types of apartments are the cheapest in Riverfront?

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 30 regular apartments in Riverfront 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 Riverfront?

Cheap apartments in Riverfront have an average cost of $924 which is $21,996 cheaper than the average rent for all rentals in Riverfront.

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.

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

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.