Cheap Apartments for Rent in the Penns Landing Neighborhood of Philadelphia, PA from $700 (122 Rentals)

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

property at 901 Clinton St

901 Clinton St

PhiladelphiaPA19107

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 515 S 6th St

515 S 6th St

PhiladelphiaPA19147

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.

Read Article
property at 224 Church St

224 Church St

PhiladelphiaPA19106
property at 130 Arch St

130 Arch St

PhiladelphiaPA19106

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 200 Locust St

200 Locust St

PhiladelphiaPA19106
property at 220 Locust St

220 Locust St

PhiladelphiaPA19106
Showing Results 1-50, Page 1 of 3

Penns Landing, Philadelphia, PA Local Guide

Cheapest Available Penns Landing Apartments for Rent

 

The cheapest available apartment rental in the Penns Landing area of Philadelphia, PA is a Studio unit found at The Claremont priced from $950. Old City Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here are the most affordable Penns Landing apartments for rent in Philadelphia, PA:

Apartment ListingModel NameBed/BathPriced From
The ClaremontStudioStudio,1BA$950
Old City Apartments118 #301Studio,1BA$1,350
339 Bainbridge StOne Bed1BR,1BA$1,360
Bainbridge LoftsBainbridge One Bedroom Loft1BR,1BA$1,386
The Shirt Corner Apartments0BR/1.0BAStudio,1BA$1,472
The Ledger Residences1217Studio,1BA$1,495

Best Value Apartments for Rent in Penns Landing, PA

As of May 10, 2025 the best value apartment in the Penns Landing area is the $1.93 price per square foot Two Bedroom Model at Dockside Luxury Apartments in the in the Market East neighborhood starting from $2,900. The second greatest value Penns Landing apartment is the 2 Bedroom Model at 11 Cooper starting at $2,419 with a $2.00 price per square foot in the Riverfront neighborhood. Here is today’s list of the best values for Penns Landing apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dockside Luxury ApartmentsTwo Bedroom2BR,2BA$1.93
11 Cooper2 Bedroom2BR,2BA$2.00
508 South St, Unit 300508 South St3BR,1BA$1.65
1169 E Passyunk Ave, Unit 1B1169 E Passyunk Ave2BR,1BA$1.80
524 S 3rd St, Unit Fist fl524 S 3rd St2BR,1BA$2.00
504 South St, Unit 2F504 South St2BR,1BA$1.88
324 South St, Unit 2324 South St2BR,2BA$2.20
619 Fitzwater St, Unit 2619 Fitzwater St2BR,1BA$2.00
127 N 4th St, Unit 101127 N 4th St1BR,1BA$2.18
339 Bainbridge StOne Bed1BR,1BA$1.94

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
Penns Landing, Philadelphia, PA

Ranked #43

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Penns Landing Apartments

What is a cheap apartment in Penns Landing?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penns Landing is under $1,495.

What is the price of a cheap apartment in Penns Landing?

The cheapest apartment in Penns Landing is 339 Bainbridge St which is listed at $1,360, while the average apartment in Penns Landing costs $21,230.

What types of apartments are the cheapest in Penns Landing?

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 46 regular apartments in Penns Landing 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 Penns Landing?

Cheap apartments in Penns Landing have an average cost of $1,155 which is $20,075 cheaper than the average rent for all rentals in Penns Landing.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.