
Cheap Homes for Rent in Penn Center Neighborhood of Philadelphia, PA from $700 (33 Rentals)
Search the lowest-cost Homes available for rent right now in the Penn Center area of Philadelphia.


143 N 21st St

740 E Passyunk Ave

1324 Locust St, Unit 412

625 Catharine St

1020 Hamilton St
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1224 Summer St

310 S 12th St

613 S 8th St

2101 Washington Ave

1203 Locust St

2307 Christian Street, Unit 2
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330 S Juniper St

415 S Broad St

1220 Pine St

2101 Chestnut St

56 S 21st St

909 S 16th St, Unit 2

1241 Vine St
Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide
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1502 Mount Vernon St, Unit A

159 N 21st St

2129 Pine St

2437 Grays Ferry Ave

1230 Arch St
Philadelphia's Best Affordable Neighborhoods
Learn about Philadelphia and the best places to live with original content written by our Local Expert Richard Corrigan

740 South St
Penn Center, Philadelphia, PA Local Guide

How much does it cost to rent a home in Penn Center?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penn Center 2 Bedroom Homes for Rent | $2,352 | $1,350 | $4,200 |
| Penn Center 3 Bedroom Homes for Rent | $3,233 | $1,800 | $7,500 |
| Penn Center 4 Bedroom Homes for Rent | $3,698 | $2,595 | $4,700 |
| Penn Center 5 Bedroom Homes for Rent | $3,100 | $3,100 | $3,100 |
Browse Homes for Rent in this Neighborhood
There are currently 33 rentals with your search options within a 1 mile radius of the Penn Center Neighborhood of Philadelphia, PA.
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Penn Center, Philadelphia, PA Local Guide
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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. 1606-1608 Locust St 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Universal Court 1 | 1 Bed, 1 bath | 1BR,1BA | $812 |
| 1606-1608 Locust St | Studio - 2nd Floor | Studio,1BA | $950 |
| 1501 Locust St Residential | 0BR/1.0BA | Studio,1BA | $1,000 |
| The Drake | STUDIO | Studio,1BA | $1,011 |
| The Claremont | Studio | Studio,1BA | $1,075 |
| The Newport | Studio | Studio,1BA | $1,135 |
| Juniper Place | Studio | Studio,1BA | $1,185 |
Best Value Apartments for Rent in Penn Center, PA
As of December 28, 2025 the best value apartment in the Penn Center area is the $1.49 price per square foot 765 S 16th St Model at 765 S 16th St, Unit 2 in the in the Belmont neighborhood starting from $2,975. The second greatest value Penn Center apartment is the 1525 South St Model at 1525 South St, Unit 2nd Floor starting at $2,350 with a $1.81 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 765 S 16th St, Unit 2 | 765 S 16th St | 3BR,2.5BA | $1.49 |
| 1525 South St, Unit 2nd Floor | 1525 South St | 2BR,2BA | $1.81 |
| 734 North Ter, Unit Multiple Units | 734 North Ter | 2BR,1BA | $1.81 |
| 1629 South St, Unit 1629 South St. - Studio | 1629 South St | Studio ,1BA | $1.10 |
| The Residences | 1BR/1.0BA | 1BR,1BA | $1.80 |
| 1119 Wallace St, Unit 1 | 1119 Wallace St | 2BR,1BA | $1.76 |
| Mural Lofts | 1BR/1.0BA | 1BR,1BA | $1.81 |
| 514 South Street | 1BR/1.0BA | 1BR,1BA | $1.73 |
| 740 E Passyunk Ave, Unit A | 740 E Passyunk Ave | 1BR,1BA | $1.69 |
| Universal Court 1 | 1 Bed, 1 bath | 1BR,1BA | $1.29 |
Unlock Your Philly Commute: Your Guide to Renting Near the City's Biggest Employers
Live like a local! Explore diverse Philly neighborhoods—from trendy Fishtown to historic Cedar Park—with an easy commute to your job. Your expert guide is here.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick 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.
Pet Friendly LifestylePenn Center, Philadelphia, PA
Ranked #11
Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Penn Center
What type of rentals are currently available in Penn Center?
There are currently 1825 Apartments for Rent in Penn Center, PA with pricing that ranges from $647 to $29,970. There are also 137 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penn Center ranging from $775 to $8,000.
What is the current price range for Rental Homes in Penn Center?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penn Center ranges from $775 to $8,000 with an average monthly rent of $2,585.
How much are larger Three and Four Bedroom Rentals in Penn Center?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penn Center range from $1,119 to $14,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,595 and Four Bedroom Apartments start at $1,160.
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

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.

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.

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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!







