
Cheap Homes for Rent in the Downtown Allentown Neighborhood of Allentown, PA from $1,000 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Allentown area of Allentown.


801 N Jordan St

537 Pratt St

139 N 7th St, Unit 2R

44 N 15th St

1738 W Cedar St
Live Local, Spend Less: Your Guide to Affordable Allentown Neighborhoods
Find your perfect, affordable home in Allentown, PA. Explore 10 neighborhoods offering the best value, including rent data and proximity to downtown, parks, and entertainment.

212 N Peach St

618 S 5th St, Unit Apt 2

1804 Livingston St

127 N 12th St

1141 Emmett St

626 Oak St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Downtown Allentown, Allentown, PA Local Guide

How much does it cost to rent a home in Downtown Allentown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Allentown 2 Bedroom Homes for Rent | $1,485 | $1,350 | $1,750 |
| Downtown Allentown 3 Bedroom Homes for Rent | $1,878 | $1,499 | $2,300 |
| Downtown Allentown 4 Bedroom Homes for Rent | $2,300 | $2,250 | $2,350 |
| Downtown Allentown 5 Bedroom Homes for Rent | $2,225 | $1,900 | $2,650 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Downtown Allentown Neighborhood of Allentown, PA.
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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 Adelaide Mills Apartments priced from $990. Franklin Park has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable Downtown Allentown apartments for rent in Allentown, PA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Adelaide Mills Apartments | Studio | Studio,1BA | $990 |
| Franklin Park | Studio, 1 bath | Studio,1BA | $1,200 |
| Executive Apartments | 1 Bed | 1BR,1BA | $1,300 |
| Hamilton Linden Gardens | Hamilton - Deluxe 1 Bedroom | 1BR,1BA | $1,335 |
| Allen Gardens Apartments | One Bedroom Classic | 1BR,1BA | $1,350 |
Best Value Apartments for Rent in Downtown Allentown, PA
As of August 06, 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 2-Bedroom 2-Bathroom | 1,188 sqft Model at Terrain on the Parkway starting at $2,245 with a $1.89 price per square foot in the Lehigh Parkway 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 |
| Terrain on the Parkway | 2-Bedroom 2-Bathroom | 1,188 sqft | 2BR,2BA | $1.89 |
| Apartments at The Mill | 2 Bedroom/2 Bathroom - 1015 | 2BR,2BA | $1.92 |
| 533 Sumner Ct, Unit Apt 1 | 533 Sumner Ct | 2BR,1BA | $1.80 |
| Hamilton Linden Gardens | Hamilton - Deluxe 1 Bedroom | 1BR,1BA | $1.55 |
| High Pointe Apartments | High Pointe Two Bedroom | 2BR,1BA | $2.05 |
| 1017 Hamilton St, Fl 1, Unit 302 | 1017 Hamilton St, Fl 1 | 1BR,1BA | $1.93 |
| Executive Apartments | 1 Bed | 1BR,1BA | $1.86 |
| Adelaide Mills Apartments | 1x1 | 1BR,1BA | $1.57 |
| Franklin Park | Studio, 1 bath | Studio ,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.
Read ArticleReal 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.
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 #12
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
Central Elementary STREAM Academy
William Allen High School
Harrison-Morton Middle School
School data provided by Great Schools
Frequently Asked Questions about Downtown Allentown
What type of rentals are currently available in Downtown Allentown?
There are currently 354 Apartments for Rent in Downtown Allentown, PA with pricing that ranges from $885 to $3,300. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Allentown ranging from $1,080 to $2,650.
What is the current price range for Rental Homes in Downtown Allentown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Allentown ranges from $1,080 to $2,650 with an average monthly rent of $1,887.
How much are larger Three and Four Bedroom Rentals in Downtown Allentown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Allentown range from $1,495 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,499 to $2,300. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $1,450.
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

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.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.