Best Affordable Neighborhoods in Philadelphia, PA
Some of the cheapest neighborhoods in Philadelphia are Olney, Frankford, and Haddington. These neighborhoods offer some of the lowest rent prices in Philadelphia, making them ideal for renters on a budget. As of April 8, 2026, the average rent in Philadelphia is $1,760, which is 0.3% higher 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.
Olney
Average Rent
$1,085/Month
Year-Over-Year Rent Change
1.9%
Units Available
13 Rentals
Olney is a top choice for budget-conscious renters for a variety of reasons. The average rent in Olney is $1,085 while the city average is $1,760. This is a 1.9% difference from last year. Residents enjoy convenient access to Temple Univ., Health Center, Tacony Creek Plaza, and One & Olney Square.
Frankford
Average Rent
$1,110/Month
Year-Over-Year Rent Change
1.1%
Units Available
37 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Frankford. The average rent is $1,110, compared to the city average of $1,760. Rent prices have increased by 1.1%. Frankford is convenient to Church, C.C. of Philadelphia, NW Ctr, and Juniata Plaza.
Haddington
Average Rent
$1,177/Month
Year-Over-Year Rent Change
1.9%
Units Available
10 Rentals
Haddington is an affordable neighborhood in Philadelphia with an average rent price of $1,177. Compare this to the city average of $1,760. In the past year, rent prices have decreased by 1.9%. Haddington provides easy access to University of the Sciences, Girard Av & 62Nd St, and Trenton Mercer.
Logan-Ogontz-Fern Rock
Average Rent
$1,204/Month
Year-Over-Year Rent Change
0.6%
Units Available
51 Rentals
If you’re looking for a great, affordable neighborhood in Philadelphia, Logan-Ogontz-Fern Rock might be the perfect place! It has an average rent price of $1,204, while the city’s average stands at $1,760. In the last year, prices have increased by 0.6%. Logan-Ogontz-Fern Rock is near Olney Transit Center, Shofuso - Japanese House and Garden, and La Salle University.
West Oak Lane
Average Rent
$1,206/Month
Year-Over-Year Rent Change
1.5%
Units Available
11 Rentals
West Oak Lane is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Oak Lane is $1,206 while the city average is $1,760. This is a 1.5% difference from last year. Residents enjoy convenient access to C.C. of Philadelphia, NW Ctr, Olney Transit Center, and Hunting Park.
Tioga-Nicetown
Average Rent
$1,214/Month
Year-Over-Year Rent Change
8.8%
Units Available
55 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Tioga-Nicetown. The average rent is $1,214, compared to the city average of $1,760. Rent prices have increased by 8.8%. Tioga-Nicetown is convenient to Drexel Univ., Queen Lane, Bakers Centre, and Philadelphia International.
Southwest Cedar Park
Average Rent
$1,220/Month
Units Available
20 Rentals
Southwest Cedar Park is an affordable neighborhood in Philadelphia with an average rent price of $1,220. Compare this to the city average of $1,760. Southwest Cedar Park provides easy access to Penn Museum, Cobbs Creek Environmental Education Center, and Cobbs Creek Shopping Center.
Oxford Circle-Castor
Average Rent
$1,225/Month
Year-Over-Year Rent Change
2.6%
Units Available
28 Rentals
If you’re looking for a great, affordable neighborhood in Philadelphia, Oxford Circle-Castor might be the perfect place! It has an average rent price of $1,225, while the city’s average stands at $1,760. In the last year, prices have decreased by 2.6%. Oxford Circle-Castor is near Erie-Torresdale, Trenton Mercer, and Philadelphia International.
Lawncrest
Average Rent
$1,235/Month
Year-Over-Year Rent Change
0.5%
Units Available
32 Rentals
Lawncrest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lawncrest is $1,235 while the city average is $1,760. This is a 0.5% difference from last year. Residents enjoy convenient access to Fern Rock Transit Center, La Salle University, and Insectarium.
Cobbs Creek
Average Rent
$1,238/Month
Year-Over-Year Rent Change
0.9%
Units Available
36 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Cobbs Creek. The average rent is $1,238, compared to the city average of $1,760. Rent prices have increased by 0.9%. Cobbs Creek is convenient to Baltimore Avenue And 56Th Street, Baltimore Avenue And 55Th Street, and Trenton Mercer.
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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.