
Cheap Apartments for Rent in the Downtown Allentown Neighborhood of Allentown, PA from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Allentown area of Allentown.


Hampshire House

51 S Franklin St

Hamilton Linden Gardens

534 N Law St

641 S Woodward St
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.

423 Liberty St

Total Monthly Price
Franklin Park

Phoebe Apartments, a Senior Living Community

Allentown Center Square 62+ Senior Living

Overlook Park

West Turner Residences 62+
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.

Jordan Lofts

Riverbend Apartments

440 N 9th St

Julian Court

Walnut Street Commons

Hamilton East Apartments
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Downtown Allentown, Allentown, PA Local Guide

How much does it cost to rent an apartment in Downtown Allentown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Allentown Studio Apartments | $1,430 | $885 | $1,835 |
| Downtown Allentown 1 Bedroom Apartments | $1,641 | $1,130 | $2,680 |
| Downtown Allentown 2 Bedroom Apartments | $2,045 | $1,295 | $3,140 |
| Downtown Allentown 3 Bedroom Apartments | $2,116 | $1,490 | $3,370 |
| Downtown Allentown 4 Bedroom Apartments | $1,900 | $1,900 | $1,900 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Downtown Allentown Neighborhood of Allentown, PA.
See all Apartments in AllentownExplore Allentown
Downtown Allentown, Allentown, PA Local Guide
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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 $1,260. Here are the most affordable Downtown Allentown apartments for rent in Allentown, PA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Park | Studio, 1 bath | Studio,1BA | $1,200 |
| The Hive | Delta 1H | Studio,1BA | $1,260 |
| Allen Flats | Model Name | Studio,1BA | $1,300 |
| Executive Apartments | 1 Bed | 1BR,1BA | $1,300 |
| Elmtowne Gardens | Elmtowne One Bedroom | 1BR,1BA | $1,305 |
Best Value Apartments for Rent in Downtown Allentown, PA
As of March 23, 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 Riverfront Loft 33 Model at Riverfront Lofts starting at $2,800 with a $2.02 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1508 w walnut ave, Unit 2nd floor 3BD | 1508 w walnut ave | 3BR,1.5BA | $0.58 |
| Riverfront Lofts | Riverfront Loft 33 | 3BR,3BA | $2.02 |
| Apartments at The Mill | 2 Bedroom/2 Bathroom w/ Loft - 1275 | 2BR,2BA | $1.83 |
| 711 Chew St, Unit 1 | 711 Chew St | 3BR,2BA | $1.86 |
| 2110 W Walnut Street | 2BR/1.0BA | 2BR,1BA | $1.48 |
| Hampshire House | 1 BR | 1BR,1BA | $1.56 |
| 848 N 16th St, Unit 4 | 848 N 16th St | 2BR,1BA | $1.84 |
| High Pointe Apartments | High Pointe Two Bedroom | 2BR,1BA | $1.95 |
| Executive Apartments | 1 Bed | 1BR,1BA | $1.86 |
| Franklin Park | Studio, 1 bath | Studio ,1BA | $1.90 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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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Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleDowntown Allentown, Allentown, PA
Ranked #13
Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Allentown, Allentown, PA
Harrison-Morton Middle School
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
What is the Cheapest Studio apartment in Downtown Allentown?
Currently the most affordable Cheap Studio Apartment in Downtown Allentown is at Franklin Park listed at $1,200.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.