Cheap Apartments for Rent in the Riverfront Neighborhood of Philadelphia, PA from $700 (114 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
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
  • Smoke Free

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.

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.

property at 315 New St

$1,575 - $2,900

1 To 2 Bedroom Rentals

Available Now

315 New St

PhiladelphiaPA19106
property at 200 Locust St

$1,575 - $2,295

Studio To 1 Bedroom Rentals

Available Now

200 Locust St

PhiladelphiaPA19106
property at 711 S 5th St

$1,615 - $2,075

1 To 2 Bedroom Rentals

Available Now

711 S 5th St

PhiladelphiaPA19147

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.

property at 1335 S 8th St

$1,650 - $1,800

Studio To 1 Bedroom Rentals

Available Now

1335 S 8th St

PhiladelphiaPA19147
property at 210 Locust St

$1,600 - $2,175

Studio To 1 Bedroom Rentals

Available Now

210 Locust St

PhiladelphiaPA19106

Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide

Get the true Philly experience! The Philadelphia Insider's Guide to the city's distinct neighborhoods (Fishtown, Queen Village, Society Hill) and must-see local attractions from ApartmentHomeLiving.com.

property at 24-30-30 Bank St

$1,750 - $2,000

Studio To 1 Bedroom Rentals

Available Now

24-30-30 Bank St

PhiladelphiaPA19106

Philadelphia's Best Affordable Neighborhoods

Learn about Philadelphia and the best places to live with original content written by our Local Expert Richard Corrigan

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 514 South Street priced from $1,350. The Bradford has the second lowest priced unit, which is a Studio apartment currently listed from $1,370. Here are the most affordable Riverfront apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
514 South Street1BR/1.0BA1BR,1BA$1,350
The Bradford0BR/1.0BAStudio,1BA$1,370
Head House Flats0HH1Studio,1BA$1,455
LotusStudioStudio,1BA$1,499
Mariners Court Apartments341BR,1BA$1,500
The Block at SoNo30CStudio,1BA$1,550
339 Bainbridge StTwo Bed2BR,2BA$1,550
Waterfront IIStudio - fireplaceStudio,1BA$1,595
The Shirt Corner Apartments1BR/1.0BA1BR,1BA$1,620

Best Value Apartments for Rent in Riverfront, PA

As of April 26, 2026 the best value apartment in the Riverfront area is the $1.33 price per square foot 744 S. 6th street Model at 744 S. 6th street, Unit 2nd and 3rd in the in the Center City neighborhood starting from $2,400. The second greatest value Riverfront apartment is the Bainbridge 2 Bed with Deck Model at Bainbridge Lofts starting at $2,461 with a $1.76 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.
744 S. 6th street, Unit 2nd and 3rd744 S. 6th street2BR,2BA$1.33
Bainbridge LoftsBainbridge 2 Bed with Deck2BR,1.5BA$1.76
Mariners Court Apartments432BR,1BA$1.77
104 Chestnut St, Unit 4104 Chestnut St1BR,1BA$1.27
339 Bainbridge StTwo Bed2BR,2BA$1.48
Crafts HouseStudioStudio ,1BA$1.67
The Shirt Corner Apartments1BR/1.0BA1BR,1BA$1.65
28 S Strawberry St, Unit #228 S Strawberry St1BR,1BA$1.78
The PierreTwo Bedroom2BR,1BA$2.12
514 South Street1BR/1.0BA1BR,1BA$1.73

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Riverfront, Philadelphia, PA

Ranked #49

Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 $1,620.

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 $6,250.

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 $516 which is $5,734 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

decorative image for A Local Expert's Guide to the Best Affordable Neighborhoods in Philadelphia article

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.

decorative image for Unlock Your Philly Commute: Your Guide to Renting Near the Citys Biggest Employers article

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.

decorative image for Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide article

Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide

Written by: Richard Corrigan

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.

decorative image for Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life article

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.