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2212 N Camac St
(551) 291-2894
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1706 Cecil B Moore Ave Unit 1
(267) 797-2175
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1712 Cecil B Moore Ave Unit 1
(267) 797-2175
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2251 N. Sydnham St.
(215) 494-7280
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1833 N 19th
(267) 415-8995
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931 Spruce St
(215) 733-0480
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2358 North Park Ave.
(267) 460-5737
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1913 W Montgomery Ave
(215) 914-0700
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402 S 9Th St
(215) 733-0480
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5420 Ridge Avenue
(267) 702-6468
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1828 Pine St
(215) 733-0480
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1337 E Wadsworth Ave
(215) 248-0522
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3901 Roosevelt Blvd
(215) 397-0656
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420 W Ruscomb St.
(215) 717-7308
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3502 Scotts Lane - 2121 Ln
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3502 Scotts Lane - 1911 B Ln
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Apartments Under $500 in Philadelphia, PA

1 of 16 Results
50
$495
2212 N Camac St
Philadelphia, PA
1 BR | Available Now
Contact
Heat Included
Virtual Tour
Air Conditioning
In Unit Laundry
Dishwasher
21
$500
1706 Cecil B Moore Ave Unit 1
Philadelphia, PA
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Dishwasher
21
$500
1712 Cecil B Moore Ave Unit 1
Philadelphia, PA
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Balcony, Deck, Patio
5
$425
PER
ROOM
2251 N. Sydnham St.
Philadelphia, PA
5 BR | Ask for Availability
Contact
Furnished
House
5
$425
PER
ROOM
1833 N 19th
Philadelphia, PA
1 BR | Aug. 1, 2023
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
7
$395
931 Spruce St
Philadelphia, PA
Studio | Jul. 1, 2023
Contact
Dishwasher
Washington Square West
14
$450
PER
ROOM
2358 North Park Ave.
4.0
Philadelphia, PA
4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
In Unit Laundry
Dishwasher
2
$500
1913 W Montgomery Ave
Philadephia, PA
Studio | Available Now
Contact
Balcony, Deck, Patio
Disability Access
Dishwasher
Sharswood
2
$425
402 S 9Th St
Philadelphia, PA
Studio | May. 1, 2023
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
1
$ Ask - 1,550
5420 Ridge Avenue
Philadelphia, PA
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
2
$450
1828 Pine St
Philadelphia, PA
Studio | Jun. 1, 2023
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
$115
1337 E Wadsworth Ave
Philadelphia, PA
Studio | Available Now
Contact
Disability Access
Dishwasher
Cedarbrook
$100
3901 Roosevelt Blvd
Philadelphia, PA
Studio | Available Now
Contact
Balcony, Deck, Patio
Dishwasher
1
$175
420 W Ruscomb St.
420 W Ruscomb St Philadelphia, PA
Studio | Ask for Availability
Contact
In Unit Laundry
$335
3502 Scotts Lane - 2121 Ln
Philadelphia, PA
Studio | Ask for Availability
East Falls
$467
3502 Scotts Lane - 1911 B Ln
Philadelphia, PA
Studio | Ask for Availability
1 - 16 of 16 Results
  1. Home
  2. Philadelphia
  3. Apartments Under $500

How much does it cost to rent an apartment in Philadelphia?

Philadelphia Apartments
Bed Type Average Rent Range
Studio $1,200 $740 - $2,310
1BR $1,210 $750 - $2,440
2BR $1,700 $1,070 - $3,880
3BR $1,800 $1,100 - $5,270
4+BR $2,270 $1,500 - $7,790
Frequently Asked Questions

How many apartments are available in Philadelphia, PA on Rentable.co?

Rentable.co has over 52,555 apartments available in Philadelphia.

What is the average rent for a studio apartment in Philadelphia, PA?

The average rent for a studio apartment in Philadelphia is around $1,200 per month.

What is the average rent for a one-bedroom apartment in Philadelphia, PA?

The average rent for a one-bedroom apartment in Philadelphia is around $1,210 per month.

What is the average rent for a two-bedroom apartment in Philadelphia, PA?

The average rent for a two-bedroom apartment in Philadelphia is around $1,700 per month.

How expensive is living in Philadelphia, PA?

Based on average rent prices in Philadelphia, to afford a studio apartment you would need an annual salary of $48,000 to live comfortably.

How many apartments under $500 are available in Philadelphia, PA on Rentable.co?

Rentable.co has 16 apartments under $500 available for rent in Philadelphia.

Which neighborhoods have the most apartments under $500 for rent in Philadelphia, PA?

  1. Spruce Hill
  2. Washington Square West
  3. Olde Kensington
  4. Newbold
  5. Cedarbrook

Asset 2
Apartments by Bedrooms
1 Bedroom Apartments
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4 Bedroom Apartments
Studio Apartments
Apartments by Affordability
Cheap Apartments
Apartments Under $500
Apartments Under $600
Apartments Under $700
Apartments Under $800
Apartments Under $900
Apartments Under $1,000
Apartments Under $1,200
Apartments with Amenities
Apartments With Utilities Included
Furnished Apartments
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Philadelphia:
March Rent Report

Welcome to the March 2023 Philadelphia Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Philadelphia rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Philadelphia and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Philadelphia average rent prices in the chart below.

Monthly Rent Report

Philadelphia Rent Prices Decrease From February to March

Philadelphia rent prices decreased over the last month. From February to March, the city experienced a -0.25% decrease for the price of a one-bedroom apartment. The rent price for a Philadelphia one-bedroom apartments currently stands at $1,199.0.

When we take a look at the two-bedroom comparison from February to March, Philadelphia experienced a 0.29% increase for the price of a two-bedroom apartment. The rent price for a Philadelphia two-bedroom apartments currently stands at $1,707.0.

March Prices: Philadelphia vs. Surrounding Areas

Rent Prices in Philadelphia and Surrounding Areas

Rent prices have decreased in Philadelphia over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Philadelphia suburb increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Norristown, PA .

  • Rent decreased in Exton, PA, King Of Prussia, PA, Mount Laurel, NJ, Cherry Hill, NJ, Malvern, PA.

  • 6 suburbs are currently priced higher than the city of Philadelphia.

March 2023 Pricing Trends: Philadelphia vs. National Comparisons

Philadelphia Rent Prices More Affordable Than Major Cities

Rent growth in Philadelphia over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Philadelphia average rent prices appear to be relatively affordable for local residents.

The price for a Philadelphia one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Philadelphia and surrounding area rent prices, take a look at the complete data set below.

Data set for Philadelphia and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Philadelphia, PA $1,202.0 -0.33% $1,702.0 -0.82%
Exton, PA $1,843.0 -0.54% $2,387.0 -0.58%
Norristown, PA $2,366.0 0.68% $3,364.0 0.09%
King Of Prussia, PA $1,864.0 -0.05% $2,058.0 -3.02%
Mount Laurel, NJ $1,860.0 -2.05% $2,492.0 0.08%
Cherry Hill, NJ $2,018.0 -0.64% $2,515.0 -1.45%
Malvern, PA $1,908.0 -1.29% $2,562.0 0.12%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.