Cheap Apartments for Rent in the Elmwood Neighborhood of Philadelphia, PA from $800 (64 Rentals)

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

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WADE Flats
Studio to 2 Bedroom Apartments

WADE Flats

5300 Whitby AvePhiladelphia, PA 19143
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1900 S 65th St
2 Bedroom Apartments

1900 S 65th St

1900 S 65th StPhiladelphia, PA 19142
  • Utilities Included
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Elmwood, Philadelphia, PA Local Guide

Cheapest Available Elmwood Apartments for Rent

 

The cheapest available apartment rental in the Elmwood area of Philadelphia, PA is a 1 Bed unit found at Hoffman Place Apartments priced from $895. Chestnut Hall has the second lowest priced unit, which is a Studio apartment currently listed from $1,194. Here are the most affordable Elmwood apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Hoffman Place Apartments1 Bedroom1BR,1BA$895
Chestnut HallThe BoathouseStudio,1BA$1,194
The IrvineStudio AStudio,1BA$1,219
SOLO on Chestnut - 4233StudioStudio,1BA$1,250
Forest Creek Apartments2 Bedroom Standard2BR,1BA$1,300
The ClarkA1Studio,1BA$1,350
OLYMPIC TOWER APARTMENTS0BR/1.0BAStudio,1BA$1,405

Best Value Apartments for Rent in Elmwood, PA

As of March 29, 2025 the best value apartment in the Elmwood area is the $1.27 price per square foot 2423 S 62nd St Model at 2423 S 62nd St, Unit 2 Floor Apartment in the in the Bartram Gardens neighborhood starting from $1,480. The second greatest value Elmwood apartment is the 5632 Chester Ave Model at 5632 Chester Ave, Unit 2nd Floor starting at $1,070 with a $1.11 price per square foot in the Woodland Terrace neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2423 S 62nd St, Unit 2 Floor Apartment2423 S 62nd St2BR,1BA$1.27
5632 Chester Ave, Unit 2nd Floor5632 Chester Ave1BR,2BA$1.11
1740 S 58th St, Unit one1740 S 58th St2BR,1BA$1.22
Hoffman Place Apartments1 Bedroom1BR,1BA$1.22
Arrive University CityArch1BR,1BA$3.45
Forest Creek Apartments2 Bedroom Standard with balcony2BR,1BA$1.91
The ClarkA2.3Studio ,1BA$3.68
Chestnut HallThe FairmountStudio ,1BA$3.14
The IrvineStudio AStudio ,1BA$2.83
OLYMPIC TOWER APARTMENTS0BR/1.0BAStudio ,1BA$3.30

Quick Rent Budget Calculator

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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

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Pet Friendliness Lifestyle Score

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Best Local Schools in
Elmwood, Philadelphia, PA

School data provided by Great Schools

Best Local Schools in
Elmwood, Philadelphia, PA

School data provided by Great Schools

Getting Around the Elmwood Neighborhood in Philadelphia, PA

Walk Score®

74 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

64 / 100

Bikeable

Some bike infrastructure

Transit Score®

72 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Elmwood Apartments

What is a cheap apartment in Elmwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elmwood is under $1,405.

What is the price of a cheap apartment in Elmwood?

The cheapest apartment in Elmwood is Hoffman Place Apartments which is listed at $895, while the average apartment in Elmwood costs $2,598.

What types of apartments are the cheapest in Elmwood?

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 192 regular apartments in Elmwood 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 Elmwood?

Cheap apartments in Elmwood have an average cost of $1,887 which is $711 cheaper than the average rent for all rentals in Elmwood.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.