Best Affordable Neighborhoods in Philadelphia

Philadelphia, the City of Brotherly Love, continues to be a magnet for renters in the Northeast, offering a lively urban experience without the sky-high prices of apartments for rent in New York City, its neighbor located just two hours away.

But, like many U.S. cities, the cost of living in Philadelphia has inched upward in recent years: As of April 2025, its 2% higher than the Pennsylvania state average and 3% higher than the national average.

Renters especially feel that pinch. The average rent across the city now sits at $2,001 per month, which is well above the national average of $1,736. That said, for many apartment-hunters, finding a rental without stretching their finances can get challenging. That’s why, for those seeking affordable neighborhoods in Philadelphia, it’s essential to look beyond the city-wide average to find reasonable options.

If you’re apartment-hunting in Philadelphia, the good news is that the city offers a diverse range of neighborhoods where your dollar stretches further. This guide highlights some of the best affordable neighborhoods where rents are typically well below the city’s average, ensuring you can enjoy all that Philly has to offer without straining your budget.

Let’s dive into these hidden gems and uncover why they make great places to call home:

• Millbrook
• East Oak Lane
• Cedarbrook
• Cedar Park
• Lexington

1. Millbrook

Average rent as of April 2025: $1,415

If you’re looking for an affordable neighborhood that offers a peaceful, suburban feel with convenient access to city amenities, apartments in Millbrook are a great option. As of April 2025, the average rent in Millbrook stands at a very reasonable $1,415. Renting an apartment here means enjoying a family-friendly atmosphere, tree-lined streets and plenty of green space. It’s an ideal spot for those who appreciate a quieter pace of life while still being connected.

Millbrook boasts several parks, perfect for outdoor activities. Pennypack Park, a large urban oasis, is a major highlight, offering miles of trails for walking, biking, and even horseback riding. For everyday conveniences, residents have easy access to shopping centers like the Franklin Mills Mall (now Philadelphia Mills) and numerous local eateries.

2. East Oak Lane

Average rent as of April 2025: $1,357

East Oak Lane is another one of Philadelphia’s affordable neighborhoods, with an average rent of $1,357 as of April 2025. This historic district is known for its beautiful architecture, including many stately Victorian and Colonial-revival homes, often divided into spacious apartments. Renters here appreciate the neighborhood’s mature trees, well-maintained streets, and a strong, active community association that fosters local events.

Living in East Oak Lane offers a blend of quiet residential streets and convenient access to commercial corridors. The area has local shops and diverse dining options. For recreation, residents can enjoy the lush greenery of the nearby Awbury Arboretum, a historic landscape and public garden. The neighborhood also has good public transportation links, making commutes into Center City manageable, making it a truly affordable neighborhood with character.

3. Cedarbrook

Average rent as of April 2025: $1,299

For renters seeking affordable neighborhoods with a relaxed vibe and plenty of green space, Cedarbrook is worth exploring. With an average rent of $1,299 in April 2025, it’s one of the best budget-friendly options in Philadelphia. This neighborhood is characterized by its quiet residential streets, well-maintained homes, and a welcoming community.

Cedarbrook offers a comfortable lifestyle with convenient access to everyday necessities. Local amenities include various shops, grocery stores, and casual dining spots. The neighborhood is close to parks like Fisher Park, providing residents with opportunities for outdoor enjoyment and relaxation. Its accessibility to major roadways makes it an appealing choice for those who commute, making it a truly practical and affordable neighborhood.

4. Cedar Park

Average rent as of April 2025: $1,223

Cedar Park, located in West Philadelphia, stands out as one of the city’s most appealing affordable neighborhoods, with rents averaging $1,223 in April 2025. This bustling, diverse area is known for its beautiful Victorian homes, leafy streets, and a strong sense of community. Renters here enjoy a lively atmosphere with a mix of students, young professionals, and long-time residents.

Cedar Park residents are part of a thriving cultural scene. Moreover, the neighborhood boasts an array of independent shops, cafes, and restaurants, many with outdoor seating. The iconic Cedar Park itself is a hub for community gatherings, farmers’ markets, and live music during warmer months. The area also offers excellent access to public transportation, including trolleys and buses, connecting residents to the University City area and beyond. It’s a truly dynamic and budget-friendly neighborhood.

5. Lexington

Average rent as of April 2025: $1,182

When it comes to finding the most affordable neighborhoods in Philadelphia, Lexington consistently ranks among the top. Notably, apartments for rent in Lexington average a low $1,182, making it an excellent choice for budget-conscious renters. Located in the Northeast section of the city, Lexington offers a residential setting with a focus on practicality and accessibility.

Renters here enjoy a quiet, family-friendly environment with easy access to major roads and public transportation. Plus, the neighborhood provides essential amenities like grocery stores, local shops, and casual dining options, ensuring a convenient daily life. For outdoor activities, residents can explore nearby smaller parks or venture out to larger recreational areas in Northeast Philadelphia.

As you plan your move to Philadelphia, keep in mind that finding your happy place doesn’t have to break the bank. These affordable neighborhoods offer a variety of living experiences, from quiet suburban havens to culturally rich urban enclaves, all while keeping your budget in mind. Start exploring these areas today to discover your perfect Philadelphia rental!