10 Hours Ago
Highlights
Zero Deposit
Location
5506 Walnut St #2R, Philadelphia, PA 19139, USA|Cobbs Creek
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Property Overview
Set in West Philadelphia, the home offers practical comfort with essential amenities and convenient access to neighborhood services and transit. Appealing for renters seeking a straightforward, budget-conscious option, it works well for individuals prioritizing location and everyday functionality over luxury finishes. Notable features and pros include its urban setting, manageable size, and potential for an easy, low-maintenance living setup.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Middle school nearby
- More space
Great for
Pet owners
Amenities for 5506 Walnut St #2R, Cobbs Creek
Apartment Amenities
| Balcony | Hardwood Floor |
| No Dogs |
Building
| Cats OK |
Grounds
| Assigned Parking |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Not allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 5506 Walnut St #2R
Welcome to 5506 Walnut St – Unit 2R, a charming studio apartment with 1 bathroom located in the heart of West Philadelphia. This property requires a 24-month minimum lease, making it ideal for those seeking long-term stability. This cozy unit features beautiful hardwood floors throughout, creating a warm and inviting living space. The tiled kitchen area adds a touch of modern style while keeping the space functional and easy to maintain. Perfect for those seeking a simple, comfortable home, this studio offers a practical layout, plenty of natural light, and a welcoming atmosphere. Convenient street parking is available, and the property is located near public transportation, shopping, dining, and local amenities, making city living easy and accessible. This property is pre-inspected for Housing Choice Voucher (Section 8) applicants, with a streamlined application and approval process, resulting in a smooth, hassle-free move-in experience. ✨ Key Features: • Studio / 1 Bathroom • Hardwood floors throughout • Tiled kitchen area • Bright and functional layout • Street parking available • Convenient West Philadelphia location • Pre-inspected for Section 8 / Housing Choice Voucher Lease Terms: 24-month minimum lease required Move-In Costs: Regular applicants: First month’s rent + last month’s rent + security deposit Section 8 applicants: Free application! No security deposit required — just pay your first month’s rent to move in! Tenants are responsible for all utilities. Schedule your showing today and make 5506 Walnut St – Unit 2R your new home! Electric Tenants Pay Provider Directly For Usage Gas Tenants Pay Provider Directly For Usage Lvp Flooring Porch/Deck Water Billed Flat $30/Mo Per Occupant
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 5506 Walnut St, Philadelphia, PA 19139, USA compares to other nearby properties.
Positives
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- Middle school nearby
- There is a middle school 0.4 mile away
- More space
- Studio is 200 sqft larger than other listings nearby
- Images available
- There are at least 10 photos of this address
- Outdoor space
- One or more rentals here have easy access to the outdoors
Address details
| Neighborhood | Cobbs Creek |
|---|---|
| Zip code | 19139 |
| Type | Apartment for rent |
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Rent trends in Cobbs Creek
studio apartments at 5506 Walnut St #2R cost about 7% less than the average rent price for studio apartments in Philadelphia.
Median rents as of May 23 2026.
Cobbs Creek
Philadelphia
| Month | Median Rent |
|---|---|
| June 2024 | $1,213 |
| July 2024 | $1,204 |
| August 2024 | $1,195 |
| September 2024 | $1,191 |
| October 2024 | $1,180 |
| November 2024 | $1,196 |
| December 2024 | $1,199 |
| January 2025 | $1,206 |
| February 2025 | $1,208 |
| March 2025 | $1,209 |
| April 2025 | $1,194 |
| May 2025 | $1,222 |
| June 2025 | $1,225 |
| July 2025 | $1,227 |
| August 2025 | $1,198 |
| September 2025 | $1,195 |
| October 2025 | $1,193 |
| November 2025 | $1,153 |
| December 2025 | $1,149 |
| January 2026 | $1,189 |
| February 2026 | $1,197 |
| March 2026 | $1,197 |
| April 2026 | $1,176 |
| May 2026 | $1,195 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,018 |
| July 2024 | $962 |
| August 2024 | $962 |
| September 2024 | $890 |
| October 2024 | $867 |
| November 2024 | $838 |
| December 2024 | $874 |
| January 2025 | $873 |
| February 2025 | $831 |
| March 2025 | $862 |
| April 2025 | $875 |
| May 2025 | $925 |
| June 2025 | $897 |
| July 2025 | $882 |
| August 2025 | $907 |
| September 2025 | $900 |
| October 2025 | $942 |
| November 2025 | $892 |
| December 2025 | $868 |
| January 2026 | $850 |
| February 2026 | $871 |
| March 2026 | $933 |
| April 2026 | $920 |
| May 2026 | $870 |
Affordability calculator
Can I afford to live at 5506 Walnut St #2R?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$31,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,600 annually to afford this studio monthly rent price of $790.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| This month | $790 | Studio | 1 bath | ||
| This month | $790 | Studio | 1 bath | ||
| 1 year ago | $1,000 | 1 bed | 1 bath | ||
| 1 year ago | $1,100 | 1 bed | 1 bath | ||
| 1 year ago | $850 | Studio | 1 bath | ||
| 5 years ago | $700 | Studio | 1 bath | ||
| 7 years ago | $700 | Studio | 1 bath | ||
| 7 years ago | $700 | Studio | 1 bath | ||
| 7 years ago | $700 | Studio | 1 bath |
Schools near 5506 Walnut St #2R
Andrew Hamilton School
5640 spruce st
philadelphia, PA, 19139
K-8Public
C-
Acelero Learning - St. Elizabeth's Center 1
1801 north 23rd st
philadelphia, PA, 19121
PKPublic
Acelero Learning - St. Elizabeth's Center 3
1801 north 23rd st
philadelphia, PA, 19121
PKPublic
Acelero Learning - St. Elizabeth's Center 2
1801 north 23rd st
philadelphia, PA, 19121
PKPublic
Acelero Learning - Jefferson Center
900 w jefferson st
philadelphia, PA, 19122
PKPublic
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Internet available near 5506 Walnut St #2R
Getting around Philadelphia near 5506 Walnut St #2R
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 5506 Walnut St #2R, Philadelphia
Groceries
9/10
At least one supermarket within a 5-minute walk
Shopping
7/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
Explore the area around 5506 Walnut St #2R
Three Sisters Grocery
5356 Delancey St
The Fresh Grocer of 56th & Chestnut
5601 Chestnut St
Mezquita Grocery Inc
300 S 52nd St
Connie's Food Store
5153 Walnut St
Sunshine Markets
5228 Market St
Samyahmilan Boutique Inc
413 S 55th St
Tooba Islamic Fashions Tooba Islamic
5207 Walnut St
King's Men & Women
140 S 52nd St
Family Dollar
5701 Walnut St
Babe
110 S 52nd St
Dunkin'
5506 Chestnut St
Fresh N Fancy
5601 Market St
America's Kids
26 S 52nd St
Natural Coffee Landmark Plus
715 S 52nd St
Amsale Cafe
4817 Walnut St
Festivals International Inc
5224 Walnut St
Top Shelf Lounge Inc
5564 Market St
Maximum Level Lounge
5118 Sansom St
Sammy's Sports Bar
5000 Market St
Edmondson's Lounge
6004 Market St
Brown Sugar Bakery & Cafe Inc
219 S 52nd St
Birthday Cake & Things
60 N 56th St
Olisa's Kitchen
Golden Star
156 S 60th St
Lee's Fish Market
5933 Market St
Boy's Latin of Philadelphia Charter School Recreation Ground
Malcolm X Playground
Morris Recreation Center
Malcolm X Park
Nichols Park
Dunkin'
5506 Chestnut St
China Wok
5404 Spruce St
B & J Chinese Restaurant
5568 Spruce St
Hyon's Seafood & Restaurant
5600 Spruce St
Banana Mousse
5602 Spruce St
Walnut St / 55th St
Penns Landing to 69th St TC
Walnut St / 54th St
Penns Landing to 69th St TC
Spruce St / 55th St
Penns Landing to Wycombe Or61stpine
Spruce St / 55th St
Penns Landing to Wycombe Or61stpine
Walnut St / 56th St
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Angora
Media/Wawa Line, Media / Wawa Line, Media / Wawa Line
49th Street
Media / Wawa Line, Media/Wawa Line, Media / Wawa Line
Fernwood-Yeadon
Media/Wawa Line, Media / Wawa Line, Media / Wawa Line
Penn Medicine Station
Lansdale / Doylestown Line, Airport Line, Lansdale/Doylestown Line, Media/Wawa Line, Wilmington/Newark Line, Wilmington / Newark Line, Media / Wawa Line, Airport Line, Media / Wawa Line, Wilmington / Newark Line, Airport Line, Lansdale / Doylestown Line, Warminster Line
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Market-Frankford Line
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5506 Walnut St, Philadelphia, PA
5506 Walnut St Philadelphia, PA
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