Best Affordable Neighborhoods in Philadelphia, PA
Some of the cheapest neighborhoods in Philadelphia are Frankford, Olney, and Tioga-Nicetown. These neighborhoods offer some of the lowest rent prices in Philadelphia, making them ideal for renters on a budget. As of November 22, 2025, the average rent in Philadelphia is $1,719, which is 0.5% 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.
Frankford
Average Rent
$1,081/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
73/100
Units Available
56 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 $1,081, while the city’s average stands at $1,719. In the last year, prices have increased by 0.3%. Frankford is near Palmyra Cove Nature Park and Environmental Discovery Center, C.C. of Philadelphia, NW Ctr, and Pennypack Park.
Olney
Average Rent
$1,094/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
71/100
Units Available
17 Rentals
Olney is a top choice for budget-conscious renters for a variety of reasons. The average rent in Olney is $1,094 while the city average is $1,719. This is a 3.9% difference from last year. Residents enjoy convenient access to Trenton Mercer, Palmyra Cove Nature Park and Environmental Discovery Center, and Tacony Creek Plaza. The neighborhood is considered walkable with a WalkScore® of 84.
Tioga-Nicetown
Average Rent
$1,159/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
79/100
Units Available
39 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Tioga-Nicetown. The average rent is $1,159, compared to the city average of $1,719. Rent prices have decreased by 1.6%. Tioga-Nicetown is convenient to Awbury Arboretum, Hope Plaza, and Logan. The community is walkable with a WalkScore® of 77.
Southwest Cedar Park
Average Rent
$1,200/Month
TransitScore® Rating
79/100
Units Available
13 Rentals
Southwest Cedar Park is an affordable neighborhood in Philadelphia with an average rent price of $1,200. Compare this to the city average of $1,719. Southwest Cedar Park provides easy access to University of the Sciences, Cobbs Creek Environmental Education Center, and C.C. of Philadelphia, W Ctr. It’s a walkable neighborhood with a WalkScore® of 93.
Oxford Circle-Castor
Average Rent
$1,218/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
60/100
Units Available
41 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 $1,218, while the city’s average stands at $1,719. In the last year, prices have decreased by 1.5%. Oxford Circle-Castor is near Lorimer Park, Salus University, and Trenton Mercer.
Carroll Park
Average Rent
$1,225/Month
TransitScore® Rating
70/100
Units Available
14 Rentals
Carroll Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Carroll Park is $1,225 while the city average is $1,719. Residents enjoy convenient access to Lansdowne Avenue And 58Th Street, University of the Sciences, and Please Touch Museum. The neighborhood is considered walkable with a WalkScore® of 80.
Logan-Ogontz-Fern Rock
Average Rent
$1,230/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
75/100
Units Available
64 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Logan-Ogontz-Fern Rock. The average rent is $1,230, compared to the city average of $1,719. Rent prices have decreased by 1%. Logan-Ogontz-Fern Rock is convenient to Champlost Shops, Philadelphia International, and Freedom Square. The community is walkable with a WalkScore® of 83.
Lawncrest
Average Rent
$1,237/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
56/100
Units Available
47 Rentals
Lawncrest is an affordable neighborhood in Philadelphia with an average rent price of $1,237. Compare this to the city average of $1,719. In the past year, rent prices have decreased by 0.4%. Lawncrest provides easy access to Trenton Mercer, La Salle University, and Rising Sun Center. It’s a walkable neighborhood with a WalkScore® of 80.
Oak Lane-East Oak Lane
Average Rent
$1,249/Month
Year-Over-Year Rent Change
3.7%
TransitScore® Rating
61/100
Units Available
53 Rentals
If you’re looking for a great, affordable neighborhood in Philadelphia, Oak Lane-East Oak Lane might be the perfect place! It has an average rent price of $1,249, while the city’s average stands at $1,719. In the last year, prices have increased by 3.7%. Oak Lane-East Oak Lane is near Fern Rock Transportation Center, Logan, and Trenton Mercer.
Cobbs Creek
Average Rent
$1,255/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
72/100
Units Available
32 Rentals
Cobbs Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cobbs Creek is $1,255 while the city average is $1,719. This is a 1% difference from last year. Residents enjoy convenient access to Baltimore Avenue And 55Th Street, Please Touch Museum, and Cobbs Creek Shopping Center. The neighborhood is considered walkable with a WalkScore® of 79.
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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.