Most Affordable Neighborhoods in Philadelphia, PA
Some of the cheapest neighborhoods in Philadelphia are Olney, Tioga-Nicetown, and East Parkside. These neighborhoods offer some of the lowest rent prices in Philadelphia, making them ideal for renters on a budget. As of October 8, 2025, the average rent in Philadelphia is $1,732, which is 1.1% 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
$1,083/Month
Year-Over-Year Rent Change
3.8%
TransitScore® Rating
71/100
Units Available
14 Rentals
Olney is a top choice for budget-conscious renters for a variety of reasons. The average rent in Olney is $1,083 while the city average is $1,732. This is a 3.8% difference from last year. Residents enjoy convenient access to Olney, Palmyra Cove Nature Park and Environmental Discovery Center, and Wyoming. The neighborhood is considered walkable with a WalkScore® of 84.
Tioga-Nicetown
Average Rent
$1,119/Month
Year-Over-Year Rent Change
5.1%
TransitScore® Rating
79/100
Units Available
45 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Tioga-Nicetown. The average rent is $1,119, compared to the city average of $1,732. Rent prices have decreased by 5.1%. Tioga-Nicetown is convenient to Erie, Philadelphia Zoo, and La Salle University. The community is walkable with a WalkScore® of 77.
East Parkside
Average Rent
$1,136/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
63/100
Units Available
10 Rentals
East Parkside is an affordable neighborhood in Philadelphia with an average rent price of $1,136. Compare this to the city average of $1,732. In the past year, rent prices have increased by 1.2%. East Parkside provides easy access to Fairmount Park, Girard And 40Th, and Girard Av & 42Nd St. It’s a somewhat walkable neighborhood with a WalkScore® of 58.
Frankford
Average Rent
$1,149/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
73/100
Units Available
53 Rentals
If you’re looking for a great, affordable neighborhood in Philadelphia, Frankford might be the perfect place! It has an average rent price of $1,149, while the city’s average stands at $1,732. In the last year, prices have increased by 0.4%. Frankford is near Insectarium, La Salle University, and Arrott Transit Center.
Logan-Ogontz-Fern Rock
Average Rent
$1,189/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
75/100
Units Available
60 Rentals
Logan-Ogontz-Fern Rock is a top choice for budget-conscious renters for a variety of reasons. The average rent in Logan-Ogontz-Fern Rock is $1,189 while the city average is $1,732. This is a -1.7% difference from last year. Residents enjoy convenient access to Shoppes At LaSalle, Tacony Creek Park, and C.C. of Philadelphia, NW Ctr. The neighborhood is considered walkable with a WalkScore® of 83.
Southwest Cedar Park
Average Rent
$1,194/Month
TransitScore® Rating
79/100
Units Available
19 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Southwest Cedar Park. The average rent is $1,194, compared to the city average of $1,732. Southwest Cedar Park is convenient to Baltimore Avenue And 48Th Street, Trenton Mercer, and Cobbs Creek Shopping Center. The community is walkable with a WalkScore® of 93.
Belmont
Average Rent
$1,209/Month
TransitScore® Rating
68/100
Units Available
20 Rentals
Belmont is an affordable neighborhood in Philadelphia with an average rent price of $1,209. Compare this to the city average of $1,732. Belmont provides easy access to Progress Haddington Plaza, Drexel Univ., Univ. City Main, and Shofuso - Japanese House and Garden. It’s a walkable neighborhood with a WalkScore® of 79.
Made Amos
Average Rent
$1,230/Month
TransitScore® Rating
61/100
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Philadelphia, Made Amos might be the perfect place! It has an average rent price of $1,230, while the city’s average stands at $1,732. Made Amos is near Palmyra Cove Nature Park and Environmental Discovery Center, Church, and Frankford Transportation Center.
Carroll Park
Average Rent
$1,235/Month
TransitScore® Rating
70/100
Units Available
10 Rentals
Carroll Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Carroll Park is $1,235 while the city average is $1,732. Residents enjoy convenient access to Cobbs Creek Park, Philadelphia International, and Philadelphia Osteopathic. The neighborhood is considered walkable with a WalkScore® of 80.
Oak Lane-East Oak Lane
Average Rent
$1,243/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
61/100
Units Available
36 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Oak Lane-East Oak Lane. The average rent is $1,243, compared to the city average of $1,732. Rent prices have increased by 2.3%. Oak Lane-East Oak Lane is convenient to Tacony Creek Park, Logan, and Awbury Arboretum. The community is walkable with a WalkScore® of 71.
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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.