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Cheap Apartments for Rent in Philadelphia, PA - 505 Rentals available

Apartments Under $600

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Philadelphia’s average rent reached $1,660 in December

Philadelphia’s average rent reached $1,660 in December, after a 0.5% increase since last year. Renters make up 47% of Philadelphia’s households. Pennsylvania’s largest city is a diverse and vibrant place to live in, with apartment rents above the national average of $1,462. [View Full Report]

 Philadelphia apartment rent report

Philadelphia’s average rent was $1,660 in December

Philadelphia’s average rent reached $1,660 in December, after a 0.5% increase since last year. Renters make up 47% of Philadelphia’s households. Pennsylvania’s largest city is a diverse and vibrant place to live in, with apartment rents above the national average of $1,462.

This December, the average rent for an apartment in Philadelphia has increased along with other surrounding cities such as Upper Darby where apartments go for $911 after a 0.6% growth, and Bensalem, where rent went up 6.7%, reaching $1,330.

Philadelphia apartment rent report

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

62% of West Chester and Norristown households are renting. Rent in West Chester is $1,577 on average, following a 1.3% increase this past year. Apartments in Norristown go for $1,352, 0.1% more than last December. Exton (60%) is also popular among renters even as rates went up by 3.6% and reaching $1,776 this December. Apartments in Media (57%) saw a 3.6% growth and reached $1,600. In Bryn Mawr (also 57%), apartments go for around $1,820 per month after an 8.1% increase compared to last year.

The priciest and cheapest cities for renters in the Philadelphia area

Bryn Mawr is the priciest city for renters in the Philadelphia area, with apartments here going for $1,820 a month. Next in line when it comes to most expensive average rent is Malvern, averaging on $1,787, followed by Exton with $1,776 a month.

At $911 a month and despite a 0.6% increase, Upper Darby has the most budget-friendly apartments in the Philadelphia area. Following a 3.6% growth, Drexel Hill’s $1,149 average rent is still an attractive option, much like the $1,167 found in Pottstown (up 2.2%).

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 $550 and $4,655. Find cheap apartments in Philadelphia, PA.

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

There are 453 cheap rentals available on RENTCafé. Prices and availability in Philadelphia, PA were last updated on 22 Jan 2021.

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

The average Philadelphia, PA cheap apartment size is 597 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.

Renting a Cheap Apartment in Philadelphia

This All-American city was where the Founding Fathers signed the Declaration of Independence, and Philadelphia’s roots in early U.S. history attract millions of visitors each year. The famous cracked Liberty Bell, rung for important early colonial decisions, is a popular attraction – don’t be surprised if the bell is smaller than you expect. Philadelphia’s economy is driven by finance, health education and research, information technology and services. City of Brotherly Love is known for its pretzels and cheesesteaks. Outdoor public art can be viewed all over the city. Recreation opportunities include Fairmount Park, the largest landscaped urban park in the world. The city is located on the Delaware and Schuylkill Rivers.

Philadelphia, PA Demographics

  • Total Population1,575,522
  • Female 745,543
    Male 829,979
  • Median Age34.3

Average Rent in Philadelphia, PA

  • Philadelphia, PA Average Rental Price, December 2020 $1,660 /mo

Philadelphia, PA Apartment Rent Ranges

  • $501-$7001%
  • $701-$1,00016%
  • $1,001-$1,50039%
  • $1,501-$2,00021%
  • > $2,00024%

Philadelphia, PA Rent Trends

Average Rent Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Dec / 2020
Philadelphia, PA $1,510 $1,514 $1,525 $1,545 $1,572 $1,590 $1,624 $1,640 $1,664 $1,663 $1,660
National $1,373 $1,378 $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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Philadelphia, PA Households

  • Total Number of Households594,778
  • Family 321,389
    Non-family 273,389
  • Children 161,687
    No Children 433,091
  • Average People Per Household2.57
  • Median Household Income$43,744
  • Median Housing Costs Per Month$973

Philadelphia, PA Education Statistics

  • No High School5%
  • Some High School43%
  • Some College19%
  • Associate Degree5%
  • Bachelor Degree16%
  • Graduate Degree10%

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 505 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 $1,660 per month so any rental south of $1,328 would be considered cheap here. On RENTCafé, Philadelphia, PA rents go as low as $550/mo.

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