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The shooting happened late Thursday night as the bus, followed by several cars with other friends and family, arrived at a hotel near Penn's Landing for a post-concert party after the rapper had headlined a sold-out show at the Theatre of Living Arts.
Homicide Capt. James Clark said the sedan pulled up and someone fired shots into the crowd from a passenger side window. Two people in the crowd fired back, Clark said, and police were mulling whether to file charges against them.
The rapper and members of his entourage were being interviewed at police headquarters and are cooperating in the investigation, but police don't know if they were targeted, Clark said.
Investigators are looking for witnesses and searching for any surveillance footage that may provide clues.
"We believe someone saw something," he said. "It could have been a lot more tragic."
The man killed was identified by police as 26-year-old Jowann King, of Flushing, N.Y. Police did not release the name of the man who was injured.
The Moroccan rapper, born Karim Kharbouch, posted a photo on Twitter showing a police officer interviewing a person after the shooting, and also posted photos of himself with Philadelphia rapper Meek Mill at the show.
The New York artist is scheduled to play Brighton Music Hall in Boston on Friday night and is touring to promote his upcoming debut album, "Excuse My French," which features Nicki Minaj.
Mill was on the tour bus Thursday night, Clark said.
Last month, three people were killed and five injured in a shootout and crash on the Las Vegas strip; police think that shootout may have started as an argument at the va let area of the upscale Aria resort-casino the same night French Montana was playing at Aria's signature nightclub, Haze.
A message left by The Associated Press for the artist's publicist was not immediately returned.
Watch French Montana's "Pop That" Video Feat. Lil Wayne, Rick Ross & Drake
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