Cheap Apartments for Rent in the Downtown Allentown Neighborhood of Allentown, PA from $500 (74 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Allentown area of Allentown.

property at 435 N 6th St

$1,000

1 Bedroom Rentals

Available Jul 1

435 N 6th St

AllentownPA18102
property at 830 Chestnut St

$1,025 - $1,100

1 Bedroom Rentals

Available Now

830 Chestnut St

AllentownPA18102
property at 427 N 5th St

$1,175 - $1,400

1 To 2 Bedroom Rentals

Available Now

427 N 5th St

AllentownPA18102

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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High Pointe Apartments
Rent Specials
$1,415 - $1,715
Total Monthly Price

Total Monthly Price

Base Rent
$1,415 - $1,715
Total Monthly Price
$1,415 - $1,715
1 to 3 Bedroom Apartments Available Now

High Pointe Apartments

402 S 15th StAllentown, PA 18102
Affordability
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property at 535 Tilghman St

$1,495 - $1,750

2 To 4 Bedroom Rentals

Available Now

535 Tilghman St

AllentownPA18102

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Overlook Park
1 to 4 Bedroom Apartments

Overlook Park

445 Hanover AveAllentown, PA 18109
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West Turner Residences 62+
1 to 2 Bedroom Apartments

West Turner Residences 62+

449-499 W Turner StAllentown, PA 18102
Senior Living
  • Utilities Included
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Jordan Lofts
Studio to 2 Bedroom Apartments

Jordan Lofts

645 N Jordan StAllentown, PA 18102
  • Utilities Included
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Riverbend Apartments
1 to 2 Bedroom Apartments

Riverbend Apartments

250 S Penn StAllentown, PA 18102
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440 N 9th St
Studio to 2 Bedroom Apartments

440 N 9th St

440 N 9th StAllentown, PA 18102
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Julian Court
1 to 3 Bedroom Apartments

Julian Court

1521 W Union StAllentown, PA 18102
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 2

Downtown Allentown, Allentown, PA Local Guide

Cheapest Available Downtown Allentown Apartments for Rent

 

The cheapest available apartment rental in the Downtown Allentown area of Allentown, PA is a Studio unit found at Franklin Park priced from $1,200. The Hive has the second lowest priced unit, which is a Studio apartment currently listed from $1,296. Here are the most affordable Downtown Allentown apartments for rent in Allentown, PA:

Apartment ListingModel NameBed/BathPriced From
Franklin ParkStudio, 1 bathStudio,1BA$1,200
The HiveDelta 1HStudio,1BA$1,296
Executive Apartments1 Bed1BR,1BA$1,300
BridgeviewStudioStudio,1BA$1,310
High Pointe ApartmentsHigh Pointe One Bedroom1BR,1BA$1,415
Mickley Run ApartmentsOne Bedroom1BR,1BA$1,430
Hampshire House1 BR1BR,1BA$1,485
Strata FlatsST1Studio,1BA$1,533
Regency Towers1 Bedroom 1 Bath-6001BR,1BA$1,591

Best Value Apartments for Rent in Downtown Allentown, PA

As of June 22, 2026 the best value apartment in the Downtown Allentown area is the $0.58 price per square foot 1508 w walnut ave Model at 1508 w walnut ave, Unit 2nd floor 3BD in the in the Lehigh Parkway neighborhood starting from $1,695. The second greatest value Downtown Allentown apartment is the Beta 1 Model at The Hamilton at Grand Plaza starting at $2,374 with a $2.26 price per square foot in the East Side neighborhood. Here is today’s list of the best values for Downtown Allentown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1508 w walnut ave, Unit 2nd floor 3BD1508 w walnut ave3BR,1.5BA$0.58
The Hamilton at Grand PlazaBeta 12BR,2BA$2.26
Apartments at The Mill2 Bedroom/2 Bathroom - 10152BR,2BA$2.00
Hampshire House1 BR1BR,1BA$1.56
Riverfront LoftsRiverfront Loft 111BR,1BA$2.11
Terrain on the Parkway1-Bedroom 1-Bathroom | 823 sqft1BR,1BA$2.31
Center Square Lofts WestA1.41BR,1BA$2.25
Executive Apartments1 Bed1BR,1BA$1.86
1017 Hamilton St, Fl 1, Unit 3021017 Hamilton St, Fl 11BR,1BA$1.93
Franklin ParkStudio, 1 bathStudio ,1BA$1.90

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Allentown, Allentown, PA

Ranked #13

Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Allentown, Allentown, PA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across Pennsylvania including Downtown Allentown, Allentown, and the greater Allentown area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Allentown Apartments

How much is rent for a Cheap One Bedroom Downtown Allentown Apartment?

The lowest price for a Cheap One Bedroom Downtown Allentown Apartment is $1,300 at Executive Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown Allentown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Allentown is starting from $1,400 at Executive Apartments.

What is the most affordable Downtown Allentown Three Bedroom Apartment?

The best deal on a cheap Downtown Allentown Three Bedroom Apartment rental is at Franklin Park and starts from $1,750.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Live Local, Spend Less: Your Guide to Affordable Allentown Neighborhoods article

Live Local, Spend Less: Your Guide to Affordable Allentown Neighborhoods

Written by: Jodi I

I’m Jodi, your ApartmentHomeLiving.com Local Expert for Allentown, Pennsylvania. I grew up in Bethlehem and moved to Allentown after graduating from the University of Delaware.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.