
Cheap Apartments for Rent in the Walnut Hill Neighborhood of Philadelphia, PA from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Walnut Hill area of Philadelphia.


126 S 46th St, Unit AptC

4706 Chestnut St

Total Monthly Price
5002 Market St

Shepherd Lofts

223 S 49th St

4950 Walnut St
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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.

Walnut Court Apartments

Spruce Manor

4528 Spruce St

N.P.D.F.

The Terrace

4642 Spruce St

4950 Pine Street
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.

Verona Apartments

Madison Apartments

The Carano Building

4910 Chestnut St, Unit 1R

The Sheldrake Apartments

The Willows at Walnut Hill

4601 Spruce St
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.

Campus Apartments

4523 Spruce Street

4948 Walnut St

Breslyn House

Satterlee Apartment

Paul Robeson House Apartments

4931 Locust St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Walnut Hill, Philadelphia, PA Local Guide

How much does it cost to rent an apartment in Walnut Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Walnut Hill Studio Apartments | $1,615 | $1,100 | $1,830 |
| Walnut Hill 1 Bedroom Apartments | $2,043 | $1,100 | $2,515 |
| Walnut Hill 2 Bedroom Apartments | $2,209 | $1,250 | $3,075 |
| Walnut Hill 3 Bedroom Apartments | $2,204 | $1,700 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the Walnut Hill Neighborhood of Philadelphia, PA.
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| West Lofts Apartments | Studio Lofts | Studio,1BA | $1,100 |
| Shepherd Lofts | B103 | Studio,1BA | $1,290 |
| OLYMPIC TOWER APARTMENTS | 0BR/1BA | Studio,1BA | $1,325 |
| Croydon Hall Apartments | 1BR/1.0BA | 1BR,1BA | $1,398 |
| The Clark | A1 | Studio,1BA | $1,542 |
| Garden Court Towers | A3 | Studio,1BA | $1,590 |
| Eleanor at Walnut | Full # Bedroom Unit | 3BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 28 South 48th St, Unit Unit 1 | 28 South 48th St | 3BR,3BA | $1.25 |
| Eleanor at Walnut | Full # Bedroom Unit | 3BR,3BA | $2.62 |
| 5002 Market St | 5002 Market St | 2BR,1BA | $2.08 |
| Croydon Hall Apartments | 1BR/1.0BA | 1BR,1BA | $2.41 |
| West Lofts Apartments | Studio Lofts | Studio ,1BA | $2.12 |
| Shepherd Lofts | B103 | Studio ,1BA | $2.97 |
| OLYMPIC TOWER APARTMENTS | 0BR/1BA | Studio ,1BA | $3.11 |
| The Clark | A1 | Studio ,1BA | $3.75 |
| Garden Court Towers | A3 | Studio ,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.
Helpful Local Expert Guides

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

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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.

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

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.

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.

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.

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.