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Apartments for Rent in Philadelphia, PA under $500

7 Rentals Available
  • 457
    Top Rated for Location
    the living room and dining room of an empty house with wood flooring the front of a red brick building with green doors
    4.0
    Today

    1702 Mt. Vernon St, Philadelphia, PA 19130
    1 Unit available
    1 BED $275
    Property reviews
    5/5 Anonymous on Nov 6, 2024

    Great property manager! Very responsive.

    5/5 Shameika P. on Apr 6, 2021

    The Property Manage Ms. Robinson does an excellent job managing The Willows at Mount Vernon Apartments. She's very respectful, pleasant and nice.

  • 1 day ago

    1440 Mt. Vernon St, Philadelphia, PA 19130
    2 BEDS Ask for Pricing
  • Today

    424 North 64Th Street, Philadelphia, PA 19151
    STUDIO $500
    2 BEDS $500
  • Today

    4663 Stenton LLC, Philadelphia, PA 19144
    1 BED $500
  • Today

    250-252 S 12Th Street, Philadelphia, PA 19107
    STUDIO $300
  • Today

    1702 Mt. Vernon St, Philadelphia, PA 19130
    1 BED $275
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  • Today

    2737 W CECIL B MOORE AVE, PHILA, PA 19121
    1 BED $115+
6-0-city
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Getting around in Philadelphia, PA

78 /100
Very Walkable
68 /100
Good Transit
53 /100
Bikeable
Walk Score®: 78, Transit Score®: 68, Bike Score®: 53

Frequently asked questions

When were prices and availability in Philadelphia, PA last updated?

Prices and availability in Philadelphia, PA were last updated on 22 Nov 2025.

What are the best apartments in Philadelphia, PA?

The best apartments in Philadelphia, PA are: Rushwood Apartments, Chestnut Hill Village Apartments, Glassworks Apartments, 17 Market West and 23 West.

What type of rental buildings are in Philadelphia, PA?

In Philadelphia 48% of the housing is rented out compared to 52% of homes are owned, according to the most recent Census Bureau estimates. 19% of Philadelphia’s apartments are found in large buildings of 50 units or more, 77% are located in smaller apartment complexes with less than 50 units, and 3% are single-family rentals.

Renting apartments in Philadelphia, PA under $1,200

Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RentCafe offers you 439 apartments for rent in Philadelphia, PA from 143 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $1,200, and make the most out of your budget.

Finding the best rental near you

Philadelphia, PA is an amazing place to call home, with several rentals under $1,200 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $275 in Philadelphia, PA, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RentCafe.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!