Cheap Homes for Rent in the Downtown Allentown Neighborhood of Allentown, PA from $1,300 (22 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Done

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

property at 723 Ridge Ave
$1,300

Total Monthly Price

Base Rent$1,300

Total Monthly Price$1,300
1 Bedroom, 1 Bath Home for Rent
Available Sep 25
Affordability

723 Ridge Ave

AllentownPA18102
property at 139 N 7th St
$1,400

Total Monthly Price

Base Rent$1,400

Total Monthly Price$1,400
2 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

139 N 7th St, Unit 3R

139 N 7th St
AllentownPA18101

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.

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.

property at 547 N Silk St
$1,575

Total Monthly Price

Base Rent$1,575

Total Monthly Price$1,575
2 Bedroom, 1.5 Bath Home for Rent
Available Now

547 N Silk St

AllentownPA18102

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 202 N 17th St
$1,700
1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

202 N 17th St

AllentownPA18104

Downtown Allentown, Allentown, PA Local Guide

Best Value Homes for Rent in Downtown Allentown, PA

As of September 20, 2026 the best value rental home in the Downtown Allentown area is the $0.94 price per square foot 210 N 8th St Model at 210 N 8th St in the East Side neighborhood starting from $2,350. The second greatest value Downtown Allentown rental home is the 1501 W Turner St Model at 1501 W Turner St in the Lehigh Parkway neighborhood starting at $2,300 with a $1.01 price per square foot. Here is today’s list of the best values for Downtown Allentown homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
210 N 8th St210 N 8th St4BR, 2.5BA$0.94
1501 W Turner St1501 W Turner St4BR, 1.5BA$1.01
1037 N 6th St Ext1037 N 6th St Ext3BR, 2BA$1.06
1125 W Washington St1125 W Washington St3BR, 1.5BA$1.72
547 N Silk St547 N Silk St2BR, 1.5BA$1.30
1738 W Cedar St1738 W Cedar St2BR, 1BA$1.57
139 N 7th St, Unit 3R139 N 7th St2BR, 1BA$1.75

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 Article
Decorative image

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Allentown, Allentown, PA

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Downtown Allentown

What type of rentals are currently available in Downtown Allentown?

There are currently 355 Apartments for Rent in Downtown Allentown, PA with pricing that ranges from $885 to $3,330. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Allentown ranging from $1,300 to $2,595.

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 $1,300 to $2,595 with an average monthly rent of $1,740.

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 $1,450 to $3,193, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $2,595. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,800.

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.

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis   article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.