Cheap Apartments for Rent in the Walnut Hill Neighborhood of Philadelphia, PA from $500 (28 Rentals)

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

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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Walnut Court Apartments
Studio to 3 Bedroom Apartments

Walnut Court Apartments

131 S 48th StPhiladelphia, PA 19139
  • Utilities Included
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Spruce Manor
Studio to 1 Bedroom Apartments

Spruce Manor

4529 Spruce StPhiladelphia, PA 19139
  • Utilities Included
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4528 Spruce St
Studio to 1 Bedroom Apartments

4528 Spruce St

4528 Spruce StPhiladelphia, PA 19139
  • Utilities Included
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N.P.D.F.
Studio to 2 Bedroom Apartments

N.P.D.F.

4530 Spruce StPhiladelphia, PA 19139
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The Terrace
Studio to 1 Bedroom Apartments

The Terrace

4931 Spruce StPhiladelphia, PA 19139
  • Utilities Included
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4642 Spruce St
1 Bedroom Apartments

4642 Spruce St

4642 Spruce StPhiladelphia, PA 19139
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4950 Pine Street
1 to 3 Bedroom Apartments

4950 Pine Street

4950-4958 Pine StPhiladelphia, PA 19143

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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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Verona Apartments
Studio to 1 Bedroom Apartments

Verona Apartments

4701-4723 Walnut StPhiladelphia, PA 19139
  • Utilities Included
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Madison Apartments
Studio to 2 Bedroom Apartments

Madison Apartments

216 S 48th StPhiladelphia, PA 19139
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The Carano Building
Studio to 2 Bedroom Apartments

The Carano Building

4600-4604 Spruce StPhiladelphia, PA 19139
property at 4910 Chestnut St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

4910 Chestnut St, Unit 1R

4910 Chestnut St
PhiladelphiaPA19139
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4601 Spruce St
1 to 2 Bedroom Apartments

4601 Spruce St

4601 Spruce StPhiladelphia, PA 19139

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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Campus Apartments
1 Bedroom Apartments

Campus Apartments

4415-4417 Spruce StPhiladelphia, PA 19104
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4523 Spruce Street
1 to 2 Bedroom Apartments

4523 Spruce Street

4523 Spruce StPhiladelphia, PA 19139
  • Utilities Included
property at 4948 Walnut St

$1,200 - $1,500

1 To 2 Bedroom Rentals

Available Jul 1

4948 Walnut St

PhiladelphiaPA19139
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Breslyn House
2 to 3 Bedroom Apartments

Breslyn House

4640 Walnut StPhiladelphia, PA 19139
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Satterlee Apartment
2 to 4 Bedroom Apartments

Satterlee Apartment

4500 Chestnut StPhiladelphia, PA 19139
Student Housing

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.

Cheapest Available Walnut Hill Apartments for Rent

 

The cheapest available apartment rental in the Walnut Hill area of Philadelphia, PA is a Studio unit found at West Lofts Apartments priced from $1,100. Shepherd Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,290. Here are the most affordable Walnut Hill apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
West Lofts ApartmentsStudio LoftsStudio,1BA$1,100
Shepherd LoftsB103Studio,1BA$1,290
OLYMPIC TOWER APARTMENTS0BR/1BAStudio,1BA$1,325
Croydon Hall Apartments1BR/1.0BA1BR,1BA$1,398
The ClarkA1Studio,1BA$1,542
Garden Court TowersA3Studio,1BA$1,590
Eleanor at WalnutFull # Bedroom Unit3BR,3BA$2,500

Best Value Apartments for Rent in Walnut Hill, PA

As of June 15, 2026 the best value apartment in the Walnut Hill area is the $1.25 price per square foot 28 South 48th St Model at 28 South 48th St, Unit Unit 1 in the in the Belmont neighborhood starting from $1,995. The second greatest value Walnut Hill apartment is the Full # Bedroom Unit Model at Eleanor at Walnut starting at $2,500 with a $2.62 price per square foot in the Belmont neighborhood. Here is today’s list of the best values for Walnut Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
28 South 48th St, Unit Unit 128 South 48th St3BR,3BA$1.25
Eleanor at WalnutFull # Bedroom Unit3BR,3BA$2.62
5002 Market St5002 Market St2BR,1BA$2.08
Croydon Hall Apartments1BR/1.0BA1BR,1BA$2.41
West Lofts ApartmentsStudio LoftsStudio ,1BA$2.12
Shepherd LoftsB103Studio ,1BA$2.97
OLYMPIC TOWER APARTMENTS0BR/1BAStudio ,1BA$3.11
The ClarkA1Studio ,1BA$3.75
Garden Court TowersA3Studio ,1BA$3.98

Frequently Asked Questions about Cheap Walnut Hill Apartments

What is a cheap apartment in Walnut Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Walnut Hill is under $2,500.

What is the price of a cheap apartment in Walnut Hill?

The cheapest apartment in Walnut Hill is Croydon Hall Apartments which is listed at $1,398, while the average apartment in Walnut Hill costs $2,350.

What types of apartments are the cheapest in Walnut Hill?

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 67 regular apartments in Walnut Hill 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 Walnut Hill?

Cheap apartments in Walnut Hill have an average cost of $1,243 which is $1,107 cheaper than the average rent for all rentals in Walnut Hill.

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.

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

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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

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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

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