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 April 23, 2025, the average rent in Philadelphia is $1,736, which is 0.4% 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
$1,415/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
71/100
Units Available
645 Rentals
Northeast Philadelphia is an affordable neighborhood in Philadelphia with an average rent price of $1,415. Compare this to the city average of $1,736. In the past year, rent prices have decreased by 0.8%. Northeast Philadelphia provides easy access to Tremont Shopping Center, Margaret-Orthodox, and Holy Family University. It’s a walkable neighborhood with a WalkScore® of 91.
Germantown
Average Rent
$1,522/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
64/100
Units Available
346 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
$1,649/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
61/100
Units Available
1,149 Rentals
If you’re looking for a great, affordable neighborhood in Philadelphia, Northwest Philadelphia/Manayunk might be the perfect place! It has an average rent price of $1,649, while the city’s average stands at $1,736. In the last year, prices have increased by 0.6%. Northwest Philadelphia/Manayunk is near Philadelphia International, Awbury Arboretum, and La Salle University.
West Philadelphia
Average Rent
$1,732/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
40/100
Units Available
957 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.
Cedar Park
Average Rent
$1,825/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
80/100
Units Available
341 Rentals
Cedar Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cedar Park is $1,825 while the city average is $1,736. This is a 0.3% difference from last year. Residents enjoy convenient access to The Shops At Penn, Bartram's Garden, and University of Pennsylvania Observatory. The neighborhood is considered walkable with a WalkScore® of 93.
North Philadelphia
Average Rent
$1,833/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
69/100
Units Available
1,577 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
$1,886/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
67/100
Units Available
708 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.
Olde Kensington
Average Rent
$1,972/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
72/100
Units Available
638 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.
North Philadelphia East
Average Rent
$1,997/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
78/100
Units Available
1,308 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.
Avenue Of The Arts Central
Average Rent
$2,239/Month
Year-Over-Year Rent Change
8%
TransitScore® Rating
90/100
Units Available
417 Rentals
Avenue Of The Arts Central is the heart of Philadelphia’s cultural scene. This lively corridor is home to art galleries, fine dining, and theaters like The Met, offering plenty of entertainment. Renters here can enjoy proximity to these cultural gems while finding budget-friendly housing options.
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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.