Cheap Apartments for Rent in the Olde City Neighborhood of Philadelphia, PA from $1,100 (71 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 224 Church St

224 Church St

PhiladelphiaPA19106
property at 416 Vine St

416 Vine St

PhiladelphiaPA19106
property at 315 New St

315 New St

PhiladelphiaPA19106
property at 312-22 Walnut St

312-22 Walnut St

PhiladelphiaPA19106
property at 200 N Water St

200 N Water St

PhiladelphiaPA19106
property at 34-34 Letitia St

34-34 Letitia St

PhiladelphiaPA19106
property at 36 Strawberry St

36 Strawberry St

PhiladelphiaPA19106
close
View Me
Bank Street Court
Studio to 1 Bedroom Apartments

Bank Street Court

24-30 S Bank StPhiladelphia, PA 19106
  • Utilities Included
close
View Me
329 Spruce St
1 Bedroom Apartments

329 Spruce St

329 Spruce StPhiladelphia, PA 19106
  • Utilities Included
close
View Me
300 Market St
Studio Apartments

300 Market St

300 Market StPhiladelphia, PA 19106
close
View Me
Smythe's Stores
1 to 2 Bedroom Apartments

Smythe's Stores

101-111 Arch StPhiladelphia, PA 19106
  • Utilities Included
close
View Me
Brassworks Apartments
1 Bedroom Apartments

Brassworks Apartments

231 Race StPhiladelphia, PA 19106
  • Utilities Included
close
View Me
Crafts House
Studio to 2 Bedroom Apartments

Crafts House

51-55 N 3rd StPhiladelphia, PA 19106
  • Utilities Included
close
View Me
218 Arch Street
Studio to 2 Bedroom Apartments

218 Arch Street

218 Arch StPhiladelphia, PA 19106
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Olde City, Philadelphia, PA Local Guide

Cheapest Available Olde City Apartments for Rent

 

The cheapest available apartment rental in the Olde City area of Philadelphia, PA is a Studio unit found at Old City Apartments priced from $1,300. The Keystone Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,411. Here are the most affordable Olde City apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Old City Apartments118 #201Studio,1BA$1,300
The Keystone ApartmentsElevate Your EverydayStudio,1BA$1,411
Broad + NobleStudio-S1Studio,1BA$1,495
The Ledger Residences1217Studio,1BA$1,495
The Shirt Corner Apartments0BR/1.0BAStudio,1BA$1,545
Waterfront II1 Bed 1 Bath1BR,1BA$1,570
Beach Street LandingA1AStudio,1BA$1,650
The Chocolate Works1Bed 1Bath Loft1BR,1BA$1,695
Tower PlaceWhitney1BR,1BA$1,695
The View at Old CitySwanson Extra LargeStudio,1BA$1,745

Best Value Apartments for Rent in Olde City, PA

As of March 26, 2025 the best value apartment in the Olde City area is the $1.11 price per square foot 505 South St Model at 505 South St, Unit 3 in the in the Center City neighborhood starting from $1,995. The second greatest value Olde City apartment is the 420 Gaskill St Model at 420 Gaskill St, Unit 2FR starting at $2,050 with a $1.33 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Olde City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
505 South St, Unit 3505 South St3BR,2BA$1.11
420 Gaskill St, Unit 2FR420 Gaskill St2BR,1BA$1.33
The Mercantile Apartments2H-3H-4F2BR,2BA$1.88
101 Cuthbert St, Unit #3101 Cuthbert St1BR,1BA$2.26
36 S Strawberry St, Unit 5136 S Strawberry St1BR,1BA$2.15
Tower PlaceWhitney1BR,1BA$2.24
127 N 4th St, Unit 403127 N 4th St1BR,1BA$2.44
The Chocolate Works1Bed 1Bath Loft1BR,1BA$2.42
Waterfront II1 Bed 1 Bath1BR,1BA$2.43
The Shirt Corner Apartments0BR/1.0BAStudio ,1BA$2.60

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.

decorative image of people with a giant lease agreement

Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Philadelphia. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Olde City Neighborhood in Philadelphia, PA

Walk Score®

98 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

86 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

97 / 100

Rider’s Paradise

World-class public transportation

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 Olde City Apartments

What is a cheap apartment in Olde City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Olde City is under $1,745.

What is the price of a cheap apartment in Olde City?

The cheapest apartment in Olde City is Waterfront II which is listed at $1,570, while the average apartment in Olde City costs $16,663.

What types of apartments are the cheapest in Olde City?

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 7,883 regular apartments in Olde City 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 Olde City?

Cheap apartments in Olde City have an average cost of $2,045 which is $14,618 cheaper than the average rent for all rentals in Olde City.

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

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.

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.