Cheap Apartments for Rent in the University City Neighborhood of Philadelphia, PA from $500 (256 Rentals)

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

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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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 4124 Haverford Ave

$1,169 - $2,160

Studio To 2 Bedroom Rentals

Available Now

4124 Haverford Ave

PhiladelphiaPA19104

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.

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property at 2940 W Thompson St

$1,215 - $1,375

Studio To 1 Bedroom Rentals

Available Now

2940 W Thompson St

PhiladelphiaPA19121

Philadelphia's Best Affordable Neighborhoods

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

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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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Showing Results 1-50, Page 1 of 6

University City, Philadelphia, PA Local Guide

Cheapest Available University City Apartments for Rent

 

The cheapest available apartment rental in the University City area of Philadelphia, PA is a 1 Bed unit found at Student Housing - Newly Renovated priced from $680. Winchester Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable University City apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Student Housing - Newly Renovated1BR/1.0BA1BR,1BA$680
Winchester ApartmentsMontgomeryStudio,1BA$850
4646 Hazel Ave4646 Hazel Ave1BR,3BA$880
Chester Lynne Apartments0BR/1.0BAStudio,1BA$920
339 N 40th St1 Beds, 1 Baths1BR,1BA$925
Sherwood Court0BR/1.0BAStudio,1BA$925
4107 Chester0BR/1.0BAStudio,1BA$975
University City AssociatesStudioStudio,1BA$985
Chester PlazastudioStudio,1BA$1,025

Best Value Apartments for Rent in University City, PA

As of January 21, 2026 the best value apartment in the University City area is the $1.18 price per square foot 721 N 40th St Model at 721 N 40th St, Unit 3 in the in the Belmont neighborhood starting from $2,350. The second greatest value University City apartment is the 4046 Ogden St Model at 4046 Ogden St, Unit C starting at $1,475 with a $0.92 price per square foot in the Belmont neighborhood. Here is today’s list of the best values for University City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
721 N 40th St, Unit 3721 N 40th St3BR,2.5BA$1.18
4046 Ogden St, Unit C4046 Ogden St3BR,1BA$0.92
601 N 39th St, Unit 2601 N 39th St3BR,1BA$1.25
418 N 41st St, Unit 2418 N 41st St3BR,1BA$1.24
Campus Apartments3 Bedroom 1 Bathroom3BR,1BA$1.36
759 N Preston St, Unit a759 N Preston St3BR,1.5BA$1.23
4102 Ogden St, Unit B4102 Ogden St3BR,1BA$1.23
The Apartments at BrewerytownTwo Bedroom2BR,2BA$1.37
836 N Preston St, Unit F836 N Preston St2BR,1BA$1.56
The Eleanor at Chestnut (Per Bedroom Lease)2 x 2 Standard2BR,3BA$1.51

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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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.

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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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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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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in areas across the United States, 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 our Star Ratings to compare for the best outdoor access, luxury amenities, family-friendly amenities, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap University City Apartments

What is a cheap apartment in University City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University City is under $1,025.

What is the price of a cheap apartment in University City?

The cheapest apartment in University City is Student Housing - Newly Renovated which is listed at $680, while the average apartment in University City costs $8,290.

What types of apartments are the cheapest in University City?

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 300 regular apartments in University City 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 University City?

Cheap apartments in University City have an average cost of $795 which is $7,495 cheaper than the average rent for all rentals in University City.

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

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.

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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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.