Cheap Apartments for Rent in the Market East Neighborhood of Philadelphia, PA from $600 (347 Rentals)

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

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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property at 1218 Walnut St

$1,045 - $1,700

Studio To 1 Bedroom Rentals

Available Now

1218 Walnut St

PhiladelphiaPA19107

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 1324 Locust St

$975 - $1,750

Studio Rentals

Available Now

1324 Locust St

PhiladelphiaPA19107
property at 1321 Spruce St

$1,200 - $1,300

Studio To 1 Bedroom Rentals

Available Now

1321 Spruce St

PhiladelphiaPA19107
property at 145 S 13th St

$1,245 - $1,270

1 Bedroom Rentals

Available Now

145 S 13th St

PhiladelphiaPA19107

Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide

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property at 201 S 13th St

$895 - $1,795

Studio To 2 Bedroom Rentals

Available Now

201 S 13th St

PhiladelphiaPA19107

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Philadelphia's Best Affordable Neighborhoods

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Market East, Philadelphia, PA Local Guide

Cheapest Available Market East Apartments for Rent

 

The cheapest available apartment rental in the Market East area of Philadelphia, PA is a 1 Bed unit found at Universal Court 1 priced from $812. 1606-1608 Locust St has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Market East apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Universal Court 11 Bed, 1 bath1BR,1BA$812
1606-1608 Locust StStudio - 2nd FloorStudio,1BA$950
1501 Locust St Residential0BR/1.0BAStudio,1BA$1,000
Marshall Square ApartmentsVillage1BR,1BA$1,000
The DrakeSTUDIOStudio,1BA$1,011
Juniper PlaceStudioStudio,1BA$1,025
The ClaremontStudioStudio,1BA$1,075

Best Value Apartments for Rent in Market East, PA

As of December 16, 2025 the best value apartment in the Market East area is the $1.38 price per square foot 670 N 13th St Model at 670 N 13th St in the in the Poplar neighborhood starting from $3,500. The second greatest value Market East apartment is the 1124 S 15th St Model at 1124 S 15th St, Unit 1st Fl starting at $1,960 with a $0.92 price per square foot in the Market East neighborhood. Here is today’s list of the best values for Market East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
670 N 13th St670 N 13th St3BR,3.5BA$1.38
1124 S 15th St, Unit 1st Fl1124 S 15th St1BR,1BA$0.92
501 Fairmount Ave, Unit Unit 3501 Fairmount Ave4BR,2BA$1.13
765 S 16th St, Unit 2765 S 16th St3BR,2.5BA$1.49
WLIVING at 117 Spring Garden2 BR/2 BA2BR,2BA$1.43
1232 Lecount St, Unit A1232 Lecount St2BR,1BA$1.25
104 Chestnut St, Unit 4104 Chestnut St1BR,1BA$1.27
1629 South St, Unit 1629 South St. - Studio1629 South StStudio ,1BA$1.10
Marshall Square ApartmentsVillage1BR,1BA$1.38
Universal Court 11 Bed, 1 bath1BR,1BA$1.29

Unlock Your Philly Commute: Your Guide to Renting Near the City's Biggest Employers

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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

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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
Market East, Philadelphia, PA

Ranked #6

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across Pennsylvania and customized analysis for Central Philadelphia, PA. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Market East Apartments

What is a cheap apartment in Market East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Market East is under $1,075.

What is the price of a cheap apartment in Market East?

The cheapest apartment in Market East is Universal Court 1 which is listed at $812, while the average apartment in Market East costs $5,000.

What types of apartments are the cheapest in Market East?

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 367 regular apartments in Market East 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 Market East?

Cheap apartments in Market East have an average cost of $1,257 which is $3,743 cheaper than the average rent for all rentals in Market East.

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

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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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Unlock Your Philly Commute: Your Guide to Renting Near the Citys Biggest Employers

Written by: Richard Corrigan

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

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Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide

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.

Articles, How-To's, and Tips

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.