Welcome to Philadelphia, Pennsylvania, the City of Brotherly Love! With its rich historical heritage, vibrant arts scene, and diverse neighborhoods, this city is the perfect place for history buffs looking to settle down. However, as with many big cities, the cost of living can be a significant factor. The culture, social life, and numerous attractions often come with a hefty price tag, especially when it comes to housing.
Nevertheless, it is possible to enjoy all that Philadelphia has to offer without overspending on rent. We've compiled a list of affordable neighborhoods where you can work, play, and live at a reasonable price.
The five cheapest neighborhoods in Philadelphia in 2024 are:
- Northeast Philadelphia
- Germantown
- Northwest Philadelphia/Manayunk
- West Philadelphia
- North Philadelphia
Northeast Philadelphia
- Average 1-bedroom rent in Philadelphia: $1,699/month
- Average 1-bedroom rent in Northeast Philadelphia: $1,186/month
- Median Home Value in Northeast Philadelphia: $310,000
Northeast Philadelphia offers a suburban feel within the city limits, making it an attractive option. This area is known for its affordable housing, tree-lined streets, and excellent public services. Northeast Philadelphia’s roots as a sparse suburb and haven for immigrants still influence its modern character as a peaceful and diverse neighborhood.
Things to do in Northeast Philadelphia
Residents will find plenty of activities to keep them engaged. Explore Pennypack Park, which offers hiking, biking, and fishing opportunities. Enjoy international dining options on Frankford Avenue, from cozy cafes to family-owned restaurants. For a fun day out, visit Glen Foerd, a historic mansion revitalized as a family-friendly events center
Transportation
Residents of Northeast Philadelphia enjoy a variety of transportation options, including SEPTA buses and the Market-Frankford Line, which provides easy access to downtown Philadelphia.
Germantown
- Average 1-bedroom rent in Philadelphia: $1,699
- Average 1-bedroom rent in Germantown: $1,231/month
- Median Home Value in Germantown: $226,200
Germantown is known for its charming architecture and leafy streets. One of the oldest settlements in Philadelphia, Germantown’s rich history dates back to the colonial era, and annual historic festivals like the Revolutionary Germantown Festival bring the community together.
Things to do in Germantown
Residents can immerse themselves in history by visiting sites like the Johnson House Historic Site and the Wyck Historic House and Garden. The nearby Awbury Arboretum offers a natural retreat with gardens and walking paths. For art lovers, Germantown has various galleries and cultural centers, such as the iMPeRFeCT Gallery.
Transportation
Public transit is robust, with access to SEPTA regional rail lines and bus routes, making commuting without a car straightforward.
Northwest Philadelphia/Manayunk
- Average 1-bedroom rent in Philadelphia: $1,699/month
- Average 1-bedroom rent in Northwest Philadelphia/Manayunk: $1,356/month
- Median Home Value in Northwest Philadelphia/Manayunk: $350,000
Northwest Philadelphia/Manayunk offers a mix of urban and residential living with scenic views of the Schuylkill River. The area is particularly popular due to its lively atmosphere and reasonable rent prices.
Things to do in Northwest Philadelphia/Manayunk
Manayunk’s Main Street is a hub of activity featuring a variety of shops, restaurants, and bars. Outdoor enthusiasts will appreciate the nearby Schuylkill River Trail, ideal for biking and jogging. The neighborhood also hosts several annual events, such as the Manayunk Arts Festival, offering residents a chance to engage with local art and culture.
Transportation
Transportation options include SEPTA’s Manayunk/Norristown regional rail line and multiple bus routes connecting to the city center.
West Philadelphia
- Average 1-bedroom rent in Philadelphia: $1,699/month
- Average 1-bedroom rent in West Philadelphia: $1,412/month
- Median Home Value in West Philadelphia: $220,000
West Philadelphia, made memorable by the '90s sitcom “The Fresh Prince of Bel-Air,” is a diverse, welcoming area. Its proximity to universities like the University of Pennsylvania and Drexel University makes it a buzzing educational center.
Things to do in West Philadelphia
There’s no shortage of activities in West Philadelphia. Visit Clark Park for a farmers market or a game of chess. The neighborhood also boasts the Philadelphia Zoo, one of the oldest zoos in the United States. For a taste of the local music scene, check out the nearby World Cafe Live, a venue known for hosting a variety of live performances.
Transportation
The area is serviced by several SEPTA trolley lines and bus routes, ensuring convenient travel throughout the city. The Cynwyd regional rail line runs through the center of West Philadelphia, allowing residents easy travel to other parts of the neighborhood.
North Philadelphia
- Average 1-bedroom rent in Philadelphia: $1,699/month
- Average 1-bedroom rent in North Philadelphia: $1,554/month
- Median Home Value in North Philadelphia: $206,000
North Philadelphia is an area full of character and culture, with a mix of historic sites and modern amenities. The neighborhood is undergoing revitalization, with new developments and businesses moving in.
Things to do in North Philadelphia
Residents can explore landmarks like the Met Philadelphia, a historic opera house now serving as a concert venue. The neighborhood is also home to Temple University, which brings a unique energy to the area. For outdoor activities, Fairmount Park offers ample green space for picnics, sports, and relaxation.
Transportation
SEPTA Metro’s Broad Street Line and several bus routes make getting around the city easy for residents.
Make the Most of Your Move with Apartments.com
Whether you’re dropping in for a short-term lease or hoping to set down roots, Apartments.com has the tools to help you find an affordable apartment easily. Navigate housing across neighborhoods with our customized search engine. Once you find the perfect location, narrow the search within a price range that works for you.
No matter the budget, the options are endless with Apartments.com. Ready to get started? Pay less, live more, and rent on.
*Apartment rent data provided by CoStar Group’s June 2024 reports
