Cheap Apartments for Rent in the Elmwood Neighborhood of Philadelphia, PA from $800 (60 Rentals)

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

property at 5237 Chester Ave

5237 Chester Ave

PhiladelphiaPA19143

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 900 S 51st St

900 S 51st St

PhiladelphiaPA19143

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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
property at 1018 S 52nd St

1018 S 52nd St

PhiladelphiaPA19143

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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922 S 49th St
2 Bedroom Apartments

922 S 49th St

922 S 49th StPhiladelphia, PA 19143
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5013 Springfield Ave
1 to 2 Bedroom Apartments

5013 Springfield Ave

5013 Springfield AvePhiladelphia, PA 19143
Showing Results 1-50, Page 1 of 2

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. The Irvine has the second lowest priced unit, which is a Studio apartment currently listed from $1,199. Here are the most affordable Elmwood apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Hoffman Place Apartments1 Bedroom1BR,1BA$895
The IrvineStudio AStudio,1BA$1,199
Chestnut HallThe BoathouseStudio,1BA$1,215
Forest Creek Apartments2 Bedroom Standard2BR,1BA$1,300
SOLO on Chestnut - 4233StudioStudio,1BA$1,395
The ClarkA1Studio,1BA$1,399
OLYMPIC TOWER APARTMENTS0BR/1.0BAStudio,1BA$1,405
Cedar Park1BR/1.0BA1BR,1BA$1,499
Uno on ChestnutStudioStudio,1BA$1,625

Best Value Apartments for Rent in Elmwood, PA

As of May 17, 2025 the best value apartment in the Elmwood area is the $1.45 price per square foot 1311 S 52nd St Model at 1311 S 52nd St, Unit 4 in the in the Belmont neighborhood starting from $1,600. The second greatest value Elmwood apartment is the Plan A (A1A) Model at Domus starting at $2,748 with a $3.47 price per square foot in the Belmont 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.
1311 S 52nd St, Unit 41311 S 52nd St3BR,1BA$1.45
DomusPlan A (A1A)1BR,1BA$3.47
Hoffman Place Apartments1 Bedroom1BR,1BA$1.22
Forest Creek Apartments2 Bedroom Standard with balcony2BR,1BA$1.91
Cedar Park1BR/1.0BA1BR,1BA$2.31
The IrvineStudio AStudio ,1BA$2.79
OLYMPIC TOWER APARTMENTS0BR/1.0BAStudio ,1BA$3.30
The ClarkA1Studio ,1BA$3.40
SOLO on Chestnut - 4233StudioStudio ,1BA$3.62
Chestnut HallThe BoathouseStudio ,1BA$3.20

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
Elmwood, Philadelphia, PA

Ranked #143

Among neighborhoods in Philadelphia, PA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $1,625.

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 $2,838.

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 168 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 $1,888 which is $950 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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.