Cheap Apartments for Rent in the Penn Center Neighborhood of Philadelphia, PA from $600 (315 Rentals)

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

property at 1316 Pine St

1316 Pine St

PhiladelphiaPA19107
property at 2102 Walnut St

2102 Walnut St

PhiladelphiaPA19103
property at 1245 Ridge Ave

1245 Ridge Ave

PhiladelphiaPA19123
property at 201 S 13th St

201 S 13th St

PhiladelphiaPA19107
property at 830 South St

830 South St

PhiladelphiaPA19147
Showing Results 1-50, Page 1 of 7

Penn Center, Philadelphia, PA Local Guide

Cheapest Available Penn Center Apartments for Rent

 

The cheapest available apartment rental in the Penn Center area of Philadelphia, PA is a 1 Bed unit found at Universal Court 1 priced from $812. Juniper Place has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Penn Center apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
Universal Court 11 Bed, 1 bath1BR,1BA$812
Juniper PlaceStudioStudio,1BA$950
The ClaremontStudioStudio,1BA$950
2220 Spruce StstudioStudio,1BA$995
1606-1608 Locust StStudio - 2nd FloorStudio,1BA$1,000
The Chancellor03Studio,1BA$1,050
1433 Spruce StStudio - 3MStudio,1BA$1,075
2118 Walnut StStudioStudio,1BA$1,195
The Quincy ApartmentsStudioStudio,1BA$1,200

Best Value Apartments for Rent in Penn Center, PA

As of April 11, 2025 the best value apartment in the Penn Center area is the $1.30 price per square foot 1214 Walnut St Model at 1214 Walnut St, Unit C in the in the Center City neighborhood starting from $2,600. The second greatest value Penn Center apartment is the 505 South St Model at 505 South St, Unit 3 starting at $1,995 with a $1.11 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Penn Center apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1214 Walnut St, Unit C1214 Walnut St4BR,2BA$1.30
505 South St, Unit 3505 South St3BR,2BA$1.11
1325 Buttonwood St, Unit 11325 Buttonwood St2BR,3.5BA$1.50
420 Gaskill St, Unit 2FR420 Gaskill St2BR,1BA$1.33
The Residences3BR/2.0BA3BR,2BA$1.58
508 South St, Unit 300508 South St3BR,1BA$1.65
628 N 11th St, Unit 8628 N 11th St2BR,2BA$1.73
504 South St, Unit 2F504 South St2BR,1BA$1.88
1314 Walnut St, Unit 3R1314 Walnut St1BR,1BA$1.82
Universal Court 11 Bed, 1 bath1BR,1BA$1.29

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
Penn Center, Philadelphia, PA

Ranked #7

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Pennsylvania including Penn Center, Philadelphia, and the greater Philadelphia area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, pet-friendly features, places that make kids happy, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Penn Center Apartments

What is a cheap apartment in Penn Center?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penn Center is under $1,200.

What is the price of a cheap apartment in Penn Center?

The cheapest apartment in Penn Center is Universal Court 1 which is listed at $812, while the average apartment in Penn Center costs $3,177.

What types of apartments are the cheapest in Penn Center?

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 412 regular apartments in Penn Center 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 Penn Center?

Cheap apartments in Penn Center have an average cost of $896 which is $2,281 cheaper than the average rent for all rentals in Penn Center.

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.

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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.

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.

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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.