Cheap Homes for Rent in Philadelphia, PA from $500 (922 Rentals)

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Cheap Homes in Philadelphia.

property at 5604 Cedar Ave

5604 Cedar Ave

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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property at 2449 N Opal St

2449 N Opal St

PhiladelphiaPA19132
property at 2233 N Park Ave

2233 N Park Ave

PhiladelphiaPA19132
property at 1612 N 30th St

1612 N 30th St

PhiladelphiaPA19121

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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property at 3313 N Park Ave

3313 N Park Ave

PhiladelphiaPA19140
property at 5050 Walnut St

5050 Walnut St

PhiladelphiaPA19139
property at 544 W Pike St

544 W Pike St

PhiladelphiaPA19140
property at 3739 Lancaster Ave

3739 Lancaster Ave

PhiladelphiaPA19104
property at 1324 Locust St

1324 Locust St

PhiladelphiaPA19107
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Philadelphia, PA Local Guide

Cheapest Neighborhoods for Apartments in Philadelphia, PA

Pricing Updated: 05/03/2025

Current apartment rentals in the Philadelphia, PA area range in price from $500 to $17,900 with an overall median price of $3,815. The three Philadelphia neighborhoods with the lowest median rent pricing are Barclay Square at $1,050, Juniata Park Feltonville at $895, and Beverly Hills at $1,050. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Philadelphia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Barclay Square$1,500$1,05013
Juniata Park Feltonville$1,500$89520
Beverly Hills$1,500$1,05012
Allegheny West$1,600$70039
East Oak Lane$1,625$1,1508
Tioga Nicetown$1,625$70031
Oak Lane East Oak Lane$1,650$1,4504
Millbourne$1,795$70055
Buckman Village$1,800$1,6003
Castor$1,800$1,10010

Cheapest Available Philadelphia Apartments for Rent

 

The cheapest available apartment rental in Philadelphia, PA is a Studio unit found at Four Freedoms House- Seniors 62 yrs and older in the West Mount Airy neighborhood priced from $455. Temple Crossing in the Poplar neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $620. Here is today’s list of the most affordable Philadelphia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Four Freedoms House- Seniors 62 yrs and olderEfficiencyStudio,1BA$455
Temple CrossingSpring Move-In Near Temple University4BR,2BA$620
Student Housing - Newly Renovated1BR/1.0BA1BR,1BA$680
Temple Apartments3BR/2.0BA3BR,2BA$695
1537-41 Seybert3BR/3.0BA3BR,3BA$700

Best Value Apartments for Rent in Philadelphia, PA

As of May 03, 2025 the best value apartment in the Philadelphia area is the $0.78 price per square foot 704 Oak Ln Model at 704 Oak Ln, Unit B in the in the West Oak Lane neighborhood starting from $2,400. The second greatest value Philadelphia apartment is the 1201 N Howard St Model at 1201 N Howard St, Unit 3 starting at $1,700 with a $0.68 price per square foot in the Poplar neighborhood. Here is today’s list of the best values for Philadelphia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
704 Oak Ln, Unit B704 Oak Ln4BR,1BA$0.78
1201 N Howard St, Unit 31201 N Howard St2BR,1BA$0.68
6147 Old York Rd, Unit 16147 Old York Rd2BR,1BA$0.72
376 Beverly Boulevard 2nd floor, Unit Second floor376 Beverly Boulevard 2nd floor2BR,1BA$0.65
5218 Gainor Rd, Unit #25218 Gainor Rd3BR,1BA$0.75
732 W Erie Ave, Unit 2nd Floor732 W Erie Ave1BR,1BA$0.70
Skyline Apartments2 Bedrooms, 1 Bathroom2BR,1BA$0.71
The Brownstones at Diamond StreetTwo Bedrooms2BR,1.5BA$0.74
Temple CrossingSpring Move-In Near Temple University4BR,2BA$0.65
The Legacy at Drexel Arms4x24BR,2BA$0.74

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Philadelphia, PA Area Reviews

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Frequently Asked Questions about Philadelphia

What type of rentals are currently available in Philadelphia?

There are currently 8427 Apartments for Rent in Philadelphia, PA with pricing that ranges from $455 to $29,995. There are also 2347 Single Family Homes for rent, Condos, and Townhome rentals currently available in Philadelphia ranging from $500 to $17,900.

What is the current price range for Rental Homes in Philadelphia?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Philadelphia ranges from $500 to $17,900 with an average monthly rent of $2,905.

How much are larger Three and Four Bedroom Rentals in Philadelphia?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Philadelphia range from $599 to $17,810, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $17,900. Four Bedroom Single-Family rentals are also available starting from $500 and Four Bedroom Apartments start at $585.

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 Navigating the Rental Market: Tips for First-Time Renters article

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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.