Cheap Homes for Rent in Downtown Allentown Neighborhood of Allentown, PA from $1,000 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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 801 N Jordan St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 1 Bath Townhome for Rent

Available Now

801 N Jordan St

AllentownPA18102
property at 438 N 7th St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

1 Bedroom, 1 Bath Townhome for Rent

Available Now

438 N 7th 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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-15, Page 1 of 1

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 $1,218. 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$1,218
Allen FlatsModel NameStudio,1BA$1,300
Executive Apartments1 Bed1BR,1BA$1,300
Parkview Apartments1BR/1BA - Ground Level.1BR,1BA$1,354

Best Value Apartments for Rent in Downtown Allentown, PA

As of May 07, 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 | 1,159 sqft Model at Terrain on the Parkway starting at $2,130 with a $1.84 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1508 w walnut ave, Unit 2nd floor 3BD1508 w walnut ave3BR,1.5BA$0.58
Terrain on the Parkway2-Bedroom 2-Bathroom | 1,159 sqft2BR,2BA$1.84
Center Square Lofts WestTH1BR,1.5BA$1.84
Hampshire House1 BR1BR,1BA$1.56
848 N 16th St, Unit 4848 N 16th St2BR,1BA$1.84
Allen Gardens ApartmentsTwo Bedroom Renovated2BR,1BA$2.04
Riverfront LoftsRiverfront Loft 111BR,1BA$2.11
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.

Read Article
Decorative image

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 #14

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

Best Local Schools in
Downtown Allentown, Allentown, PA

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 336 Apartments for Rent in Downtown Allentown, PA with pricing that ranges from $885 to $3,400. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Allentown ranging from $1,050 to $2,850.

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 $1,050 to $2,850 with an average monthly rent of $1,854.

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 $1,500 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,850.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.