Cheap Apartments for Rent in the Walnut Hill Neighborhood of Philadelphia, PA from $500 (13 Rentals)

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

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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
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4528 Spruce St
Studio to 1 Bedroom Apartments

4528 Spruce St

4528 Spruce StPhiladelphia, PA 19139
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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

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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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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Verona Apartments
Studio to 1 Bedroom Apartments

Verona Apartments

4701-4723 Walnut StPhiladelphia, PA 19139
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The Carano Building
Studio to 2 Bedroom Apartments

The Carano Building

4600-4604 Spruce StPhiladelphia, PA 19139
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Madison Apartments
Studio to 2 Bedroom Apartments

Madison Apartments

216 S 48th StPhiladelphia, PA 19139

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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4601 Spruce St
1 to 2 Bedroom Apartments

4601 Spruce St

4601 Spruce StPhiladelphia, PA 19139

Walnut Hill, Philadelphia, PA Local Guide

Cheapest Available Walnut Hill Apartments for Rent

 

The cheapest available apartment rental in the Walnut Hill area of Philadelphia, PA is a 1 Bed unit found at The Carano Building priced from $900. Madison Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Walnut Hill apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
The Carano Building1 Bedroom1BR,1BA$900
Madison ApartmentsOne Bedroom1BR,1BA$925
The Sheldrake Apartments1 Bedroom1BR,1BA$1,000
West Lofts ApartmentsStudioStudio,1BA$1,115
The ClarkA1Studio,1BA$1,275

Best Value Apartments for Rent in Walnut Hill, PA

As of November 11, 2025 the best value apartment in the Walnut Hill area is the $0.93 price per square foot One Bedroom Model at Madison Apartments in the in the Belmont neighborhood starting from $925. The second greatest value Walnut Hill apartment is the Full # Bedroom Unit Model at Eleanor at Walnut starting at $2,000 with a $2.09 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.
Madison ApartmentsOne Bedroom1BR,1BA$0.93
Eleanor at WalnutFull # Bedroom Unit3BR,3BA$2.09
West Lofts Apartments2 Bedroom 2 Bathroom2BR,2BA$2.22
216 Buckingham Pl, Unit 216 buckingham 2216 Buckingham Pl1BR,1BA$2.33
Croydon Hall Apartments2BR/2.0BA2BR,2BA$2.65
The Sheldrake Apartments1 Bedroom1BR,1BA$1.54
The ClarkA2Studio ,1BA$3.16
The Carano Building1 Bedroom1BR,1BA$2.00
OLYMPIC TOWER APARTMENTS0BR/1.0BAStudio ,1BA$3.23
Garden Court TowersT2A1Studio ,1BA$3.82

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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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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Pet Friendly Lifestyle
Walnut Hill, Philadelphia, PA

Ranked #75

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Walnut Hill Neighborhood in Philadelphia, PA

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

98 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

81 / 100

Excellent Transit

Transit is convenient for most trips

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 $2,000.

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

The cheapest apartment in Walnut Hill is The Carano Building which is listed at $900, while the average apartment in Walnut Hill costs $2,449.

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 19 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 $581 which is $1,868 cheaper than the average rent for all rentals in Walnut Hill.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.