Most Affordable Neighborhoods in Philadelphia, PA
Some of the cheapest neighborhoods in Philadelphia are Northeast Philadelphia, Germantown, and Northwest Philadelphia/Manayunk. These neighborhoods offer some of the lowest rent prices in Philadelphia, making them ideal for renters on a budget. As of March 2, 2025, the average rent in Philadelphia is $1,710, which is 0.5% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Northeast Philadelphia
Average Rent
$1,435/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
71/100
Units Available
659 Rentals
If you’re looking for a great, affordable neighborhood in Philadelphia, Northeast Philadelphia might be the perfect place! It has an average rent price of $1,435, while the city’s average stands at $1,710. In the last year, prices have increased by 2.3%. Northeast Philadelphia is near Holy Family University, Philadelphia International, and Northeast Shopping Center.
Germantown
Average Rent
$1,461/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
64/100
Units Available
328 Rentals
Characterized by its historic architecture and green spaces, Germantown presents a lifestyle filled with picturesque views and cultural landmarks. The neighborhood’s tree-lined streets and well-maintained parks invite exploration and leisure. With a range of rental options, Germantown is a sensible choice for those seeking value and charm.
Northwest Philadelphia/Manayunk
Average Rent
$1,621/Month
Year-Over-Year Rent Change
3.7%
TransitScore® Rating
59/100
Units Available
1,015 Rentals
Northwest Philadelphia/Manayunk is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northwest Philadelphia/Manayunk is $1,621 while the city average is $1,710. This is a 3.7% difference from last year. Residents enjoy convenient access to Wyoming, Philadelphia International, and Awbury Arboretum. The neighborhood is considered walkable with a WalkScore® of 84.
Kensington
Average Rent
$1,627/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
68/100
Units Available
300 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Kensington. The average rent is $1,627, compared to the city average of $1,710. Rent prices have decreased by 0.7%. Kensington is convenient to Camden Co. Coll., Camden City, Adventure Aquarium, and Tacony Creek Park. The community is walkable with a WalkScore® of 87.
West Philadelphia
Average Rent
$1,634/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
70/100
Units Available
761 Rentals
In West Philadelphia, renters will find a variety of housing near educational institutions and lush parks. This neighborhood is celebrated for its eclectic architecture and thriving local markets. Affordable living here comes with the added benefit of rich cultural experiences and a close-knit community atmosphere.
North Philadelphia
Average Rent
$1,861/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
69/100
Units Available
1,473 Rentals
North Philadelphia is a bustling district offering a mix of historic charm and contemporary convenience. Known for its iconic landmarks and rich history, it encompasses areas like Brewerytown and Fairmount. With an array of shopping options and friendly communities, North Philadelphia is an inviting place for budget-conscious renters.
Fishtown
Average Rent
$1,893/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
67/100
Units Available
690 Rentals
In Fishtown, you’ll find an eclectic mix of dining spots and entertainment options. This hip enclave is perfect for those who enjoy artsy vibes and a vibrant atmosphere. Proximity to the Delaware River adds a scenic touch to this neighborhood's appeal.
North Philadelphia East
Average Rent
$1,964/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
78/100
Units Available
1,237 Rentals
North Philadelphia East, situated in the eastern central part of the city, offers a quieter suburban-like feel. It's an ideal spot for those seeking affordability without sacrificing convenience. The area boasts an array of strip malls and easy access to major roads, as well as cultural attractions like the Edgar Allan Poe National Historic Site.
Olde Kensington
Average Rent
$2,016/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
72/100
Units Available
637 Rentals
Olde Kensington, once an industrial hub, has transformed into a lively neighborhood with new housing developments and trendy eateries. Its rich history is mirrored in the renovated warehouse lofts that now serve as modern apartments. This neighborhood’s revitalization makes it a great option for affordable living.
University City
Average Rent
$2,201/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
84/100
Units Available
847 Rentals
University City is an affordable neighborhood in Philadelphia with an average rent price of $2,201. Compare this to the city average of $1,710. In the past year, rent prices have increased by 1.2%. University City provides easy access to The Shops At Penn, Lancaster Avenue And Spring Garden Street, and University of Pennsylvania Observatory. It’s a walkable neighborhood with a WalkScore® of 88.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.