Cheapest Neighborhoods in Philadelphia, PA
Some of the cheapest neighborhoods in Philadelphia are Frankford, Olney, and West Oak Lane. These neighborhoods offer some of the lowest rent prices in Philadelphia, making them ideal for renters on a budget. As of August 22, 2026, the average rent in Philadelphia is $1,785, which is 2.6% 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
$1,040/Month
Year-Over-Year Rent Change
0.4%
Units Available
51 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Frankford. The average rent is $1,040, compared to the city average of $1,785. Rent prices have increased by 0.4%. Frankford is convenient to Temple University, Main Campus, Temple Univ., Health Center, and 1607-1613 Pratt St.
Olney
Average Rent
$1,106/Month
Year-Over-Year Rent Change
1%
Units Available
13 Rentals
Olney is an affordable neighborhood in Philadelphia with an average rent price of $1,106. Compare this to the city average of $1,785. In the past year, rent prices have increased by 1%. Olney provides easy access to La Salle University, Awbury Arboretum, and Temple Univ., Health Center.
West Oak Lane
Average Rent
$1,129/Month
Year-Over-Year Rent Change
1.4%
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Philadelphia, West Oak Lane might be the perfect place! It has an average rent price of $1,129, while the city’s average stands at $1,785. In the last year, prices have decreased by 1.4%. West Oak Lane is near Briar Bush Nature Center, Wissahickon Environmental Center, and Wyoming.
Southwest Cedar Park
Average Rent
$1,142/Month
Units Available
16 Rentals
Southwest Cedar Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southwest Cedar Park is $1,142 while the city average is $1,785. Residents enjoy convenient access to Wilmington Airport, Cobbs Creek Environmental Education Center, and Cobbs Creek Shopping Center.
Haddington
Average Rent
$1,160/Month
Year-Over-Year Rent Change
4.3%
Units Available
17 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Haddington. The average rent is $1,160, compared to the city average of $1,785. Rent prices have decreased by 4.3%. Haddington is convenient to University of Pennsylvania, Overbrook Plaza, and University of the Sciences.
Logan-Ogontz-Fern Rock
Average Rent
$1,191/Month
Year-Over-Year Rent Change
0.2%
Units Available
54 Rentals
Logan-Ogontz-Fern Rock is an affordable neighborhood in Philadelphia with an average rent price of $1,191. Compare this to the city average of $1,785. In the past year, rent prices have increased by 0.2%. Logan-Ogontz-Fern Rock provides easy access to Wyoming, Shoppes At LaSalle, and Tacony Creek Park.
East Parkside
Average Rent
$1,219/Month
Year-Over-Year Rent Change
0.8%
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Philadelphia, East Parkside might be the perfect place! It has an average rent price of $1,219, while the city’s average stands at $1,785. In the last year, prices have increased by 0.8%. East Parkside is near Fairmount Park, Drexel Univ., Univ. City Main, and Philadelphia International.
Made Amos
Average Rent
$1,243/Month
Units Available
23 Rentals
Made Amos is a top choice for budget-conscious renters for a variety of reasons. The average rent in Made Amos is $1,243 while the city average is $1,785. Residents enjoy convenient access to Palmyra Cove Nature Park and Environmental Discovery Center, La Salle University, and Trenton Mercer.
Oxford Circle-Castor
Average Rent
$1,247/Month
Year-Over-Year Rent Change
2%
Units Available
34 Rentals
When you’re looking for a great Philadelphia neighborhood on a budget, check out Oxford Circle-Castor. The average rent is $1,247, compared to the city average of $1,785. Rent prices have increased by 2%. Oxford Circle-Castor is convenient to Church, Pennypack Park, and Holy Family University.
Oak Lane-East Oak Lane
Average Rent
$1,263/Month
Year-Over-Year Rent Change
0.2%
Units Available
24 Rentals
Oak Lane-East Oak Lane is an affordable neighborhood in Philadelphia with an average rent price of $1,263. Compare this to the city average of $1,785. In the past year, rent prices have decreased by 0.2%. Oak Lane-East Oak Lane provides easy access to Philadelphia International, Wyoming, and Briar Bush Nature Center.
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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.