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Cheap Apartments for Rent in Philadelphia, PA - 335 Rentals available

Apartments Under $700

  • 1500 Market Street, Suite 3310 E, Philadelphia, PA 19102
    $630 - $1,635
    • Studio-6 Beds
    • 2 Baths
    Odin Management
    Available Today! Last updated 24 Jun 2021
    (267) 773-7537

Apartments Under $800

Apartments Under $900

Apartments Under $1,000

  • 223 N 63Rd Street, Philadelphia, PA 19139
    $900
    • Studio-3 Beds
    • 1 Bath
    Odin Management
    Last updated 24 Jun 2021
    (215) 883-9844
  • 6610 N. 8Th Street, Philadelphia, PA 19126
    $925
    • Studio-2 Beds
    • 1 Bath
    Odin Management
    Last updated 24 Jun 2021
    (267) 458-6504
  • 7101 Ridge Avenue, Philadelphia, PA 19128
    $925
    • 1-2 Beds
    • 1 Bath
    MGMT Residential, LLC
    Last updated 24 Jun 2021
    (215) 821-7487
  • (7)
    1320 Somerville Ave, Philadelphia, PA 19141
    $925 - $1,944
    • Studio-1 Bed
    • 1 Bath
    Lindy Communities
    Last updated 24 Jun 2021
    (844) 449-3757

Philadelphia’s average rent reached $1,685 in April

Philadelphia’s average rent reached $1,685 in April, after a 1.5% increase since last year. A thriving economic and cultural hub with a 44% renter share, Philadelphia is a desirable place to live and work in, with apartment prices above the national average of $1,417. [View Full Report]

Philadelphia apartment rent report

Philadelphia’s average rent was $1,685 in April

Philadelphia’s average rent reached $1,685 in April, after a 1.5% increase since last year. A thriving economic and cultural hub with a 44% renter share, Philadelphia is a desirable place to live and work in, with apartment prices above the national average of $1,417.

The average rent for an apartment in Philadelphia rose slower than in other surrounding cities, such as Upper Darby ($946), where prices went up by 4.5%. Meanwhile, apartment rates in Bensalem increased by 8.2%, reaching a $1,372 average.

Philadelphia apartment rent report

What it costs to rent in the largest renter hubs in the Philadelphia area

West Chester, the city with the largest renter share (63%) in the Philadelphia area, has a $1,637 average rent, after an 4.7% annual increase. The second largest renter hub, Norristown, has a 62% renter share, with its apartments going for $1,375 on average (up by 1.8% since last year). Exton and its 52% share of renters follows, with a $1,829 average apartment price.

Pottstown also has a 52% renter share, with apartments going for $1,241 after a 7.3% yearly increase. Last but not least, Bryn Mawr's 51% share of renters places it fifth among the area’s renter hubs. The city’s average rent reached $1,764 in April, going up by 3.8% in the past year. 

The priciest and cheapest cities for renters in the Philadelphia area

Exton is the priciest city for renters in the Philadelphia area, with apartments renting for $1,829 per month. Malvern’s $1,807 rate is the second most expensive, while apartments in Bryn Mawr ($1,764) come in third.

For renters in search of budget-friendly apartments, Upper Darby's $946 average rent is the cheapest in the Philadelphia area, followed by Drexel Hill's $1,178 rate. Morrisville rentals are the third least pricey on the list, with a $1,209 average rent as of April.

Philadelphia apartment rents in popular ZIP codes for renters

Among Philadelphia's most popular renter ZIP codes, 19103 has a $2,206 average rent, above the city average ($1,685). At the same time, rentals in ZIP 19104 go for $2,551, while prices in ZIP 19144 circle around $1,302. Apartment rents in ZIP 19131 clock in at around $1,561, lower than the Philadelphia average, while rates in ZIP 19102 average at $2,238.

Check out how average rents evolved across the Philadelphia area

Philadelphia apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Philadelphia, PA?

The price range of a cheap apartment is between $630 and $6,180. Find cheap apartments in Philadelphia, PA.

How many cheap rentals are available in Philadelphia, PA on RENTCafé?

There are 299 cheap rentals available on RENTCafé. Prices and availability in Philadelphia, PA were last updated on 23 Jun 2021.

What is the average size of a cheap apartment in Philadelphia, PA?

The average Philadelphia, PA cheap apartment size is 622 sq. ft.

What are the advantages of renting a cheap apartment in Philadelphia, PA?

Cheap apartments in Philadelphia, PA are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Philadelphia, PA?

A cheap apartment in Philadelphia, PA offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Philadelphia, PA.

Philadelphia, PA Demographics

  • Total Population1,579,075
  • Female 747,479
    Male 831,596
  • Median Age34.4

Average Rent in Philadelphia, PA

  • Philadelphia, PA Average Rental Price, May 2021 $1,688 /mo

Philadelphia, PA Apartment Rent Ranges

  • $701-$1,00012%
  • $1,001-$1,50040%
  • $1,501-$2,00024%
  • > $2,00024%

Philadelphia, PA Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 May / 2021
Philadelphia, PA $1,525 $1,545 $1,572 $1,590 $1,624 $1,640 $1,664 $1,663 $1,643 $1,672 $1,688
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407 $1,428
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Philadelphia, PA Households

  • Total Number of Households601,337
  • Family 325,916
    Non-family 275,421
  • Children 163,078
    No Children 438,259
  • Average People Per Household2.55
  • Median Household Income$45,927
  • Median Housing Costs Per Month$994

Philadelphia, PA Education Statistics

  • No High School5%
  • Some High School43%
  • Some College19%
  • Associate Degree5%
  • Bachelor Degree17%
  • Graduate Degree11%

Looking for a cheap apartment for rent in Philadelphia, PA? With RENTCafé, finding an affordable apartment in Philadelphia, PA has never been easier. We feature 339 low-priced rentals directly from property managers, with rents lower than the Philadelphia, PA average. What is a cheap rent in Philadelphia, PA? The average apartment rent in Philadelphia is $1,688 per month so any rental south of $1,350 would be considered cheap here. On RENTCafé, Philadelphia, PA rents go as low as $630/mo.

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