Cheap Apartments for Rent in the Riverfront Neighborhood of Philadelphia, PA from $700 (127 Rentals)

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

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905 Arch St
$950 - $2,450
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $2,450
Total Monthly Price
$950 - $2,450
Studio to 4 Bedroom Apartment Available Now

905 Arch St

905 Arch StPhiladelphia, PA 19107
Affordability
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property at 927 Pine St

$1,225 - $1,300

Studio To 1 Bedroom Rentals

Available Aug 1

927 Pine St

PhiladelphiaPA19107
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224 Arch St
$1,305 - $2,855
Total Monthly Price

Total Monthly Price

Base Rent
$1,305 - $2,855
Total Monthly Price
$1,305 - $2,855
Studio to 2 Bedroom Apartment Available Jun 30

224 Arch St

224 Arch StPhiladelphia, PA 19106
Affordability

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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 29 S 2nd St

$1,500 - $1,800

1 Bedroom Rentals

Available Jul 1

29 S 2nd St

PhiladelphiaPA19106
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28 S Strawberry St, Unit #2
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600
1 Bedroom Apartment Available Now

28 S Strawberry St, Unit #2

28 S Strawberry StPhiladelphia, PA 19106
Affordability

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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136 N 10th St, Unit 3
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600
2 Bedroom Apartment Available Now

136 N 10th St, Unit 3

136 N 10th StPhiladelphia, PA 19107
Affordability
  • Smoke Free
property at 210 Locust St

$1,575 - $2,100

Studio To 1 Bedroom Rentals

Available Now

210 Locust St

PhiladelphiaPA19106
property at 200 Locust St

$1,635 - $2,495

Studio To 1 Bedroom Rentals

Available Now

200 Locust St

PhiladelphiaPA19106

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 1335 S 8th St

$1,650 - $1,800

Studio To 1 Bedroom Rentals

Available Now

1335 S 8th St

PhiladelphiaPA19147
property at 220 Locust St

$1,600 - $2,750

Studio To 1 Bedroom Rentals

Available Now

220 Locust St

PhiladelphiaPA19106
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207 N 11th St, Unit 401
$1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750
2 Bedroom Apartment Available Jul 1

207 N 11th St, Unit 401

207 N 11th StPhiladelphia, PA 19107
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 3

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 Studio unit found at Old City Apartments priced from $1,300. Papermill Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here are the most affordable Riverfront apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Old City Apartments124 #201Studio,1BA$1,300
Papermill Lofts237 #1DStudio,1BA$1,350
514 South Street1BR/1.0BA1BR,1BA$1,350
The Bradford0BR/1.0BAStudio,1BA$1,370
LotusStudioStudio,1BA$1,499
339 Bainbridge StTwo Bed2BR,2BA$1,550

Best Value Apartments for Rent in Riverfront, PA

As of June 11, 2026 the best value apartment in the Riverfront area is the $1.13 price per square foot 4 S Front St Model at 4 S Front St, Unit 4 in the in the Center City neighborhood starting from $2,250. The second greatest value Riverfront apartment is the 2 Bed 1 Bath - fireplace Model at Waterfront II starting at $2,360 with a $1.64 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.
4 S Front St, Unit 44 S Front St2BR,2BA$1.13
Waterfront II2 Bed 1 Bath - fireplace2BR,1BA$1.64
308 York Ave, Unit Apartment #2308 York Ave2BR,2BA$1.57
The Mercantile Apartments1F-1G-1H2BR,2BA$2.02
339 Bainbridge StTwo Bed2BR,2BA$1.48
The Shirt Corner Apartments1BR/1.0BA1BR,1BA$1.65
28 S Strawberry St, Unit #228 S Strawberry St1BR,1BA$1.78
136 N 10th St, Unit 3136 N 10th St2BR,1BA$2.00
514 South Street1BR/1.0BA1BR,1BA$1.73
509 Reed St, Unit Apt 2509 Reed St1BR,1BA$1.89

Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life

Find your perfect Philly college neighborhood. We break down the best areas for student renters near major universities, from walkable West Philly to the trendy spots in North Philly.

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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Riverfront, Philadelphia, PA

Ranked #50

Among cities in Pennsylvania 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 $1,550.

What is the price of a cheap apartment in Riverfront?

The cheapest apartment in Riverfront is 514 South Street which is listed at $1,350, while the average apartment in Riverfront costs $7,656.

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 21 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 $653 which is $7,003 cheaper than the average rent for all rentals in Riverfront.

Expert Rental Resources

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.

Helpful Local Expert Guides

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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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Unlock Your Philly Commute: Your Guide to Renting Near the Citys Biggest Employers

Written by: Richard Corrigan

Philadelphia is a city of neighborhoods. Those who live here take great pride in our specific corners of the city.

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Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide

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Welcome to Philadelphia! It’s the city of brotherly love, cheesesteaks, Ben Franklin and Rocky Balboa. And I don’t think you need me to tell you, it’s also a lot more than that.

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Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life

Written by: Richard Corrigan

Philadelphia isn’t necessarily thought of as a college town, but it’s home to some of Pennsylvania’s biggest colleges and universities, and thousands of students call the city home.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.