Cheap Homes for Rent in Allentown, PA from $700 (21 Rentals)

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

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.

property at 307 W 8th St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

3 Bedroom, 2 Bath Home for Rent

Available Now

307 W 8th St

BethlehemPA18015
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

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.

property at 827 Laufer St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

2 Bedroom, 1 Bath Townhome for Rent

Available Jul 31

827 Laufer St

BethlehemPA18015

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.

Allentown, PA Local Guide

Cheapest Neighborhoods for Apartments in Allentown, PA

Pricing Updated: 06/29/2026

Current apartment rentals in the Allentown, PA area range in price from $700 to $5,391 with an overall median price of $2,062. The three Allentown neighborhoods with the lowest median rent pricing are Slatington Historic District at $1,400, College Heights at $700, and Northeast Reading at $700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Allentown Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Slatington Historic District$1,400$1,4001
College Heights$1,500$70047
Northeast Reading$1,500$70038
Northwest Reading$1,500$9955
Outlet District$1,500$70027
Queen Anne Historic District$1,500$70032
Southwest Reading$1,500$92529
Callowhill$1,522$70034
Jacobsburg Manor Estates$1,597$1,2003
Outer Muhlenberg Township$1,612$1,1756

Cheapest Available Allentown Apartments for Rent

 

The cheapest available apartment rental in Allentown, PA is a Studio unit found at The Adelaide in the East Side neighborhood priced from $990. Cambridge House Apartments in the West Bethlehem neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here is today’s list of the most affordable Allentown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The AdelaideStudioStudio,1BA$990
Cambridge House ApartmentsStudio, 1 bathStudio,1BA$1,000
Orchard Hills1 Bedroom1BR,1BA$1,125
Franklin ParkStudio, 1 bathStudio,1BA$1,200
Polk on ThirdFurnished StudioStudio,1BA$1,220

Best Value Apartments for Rent in Allentown, PA

As of June 29, 2026 the best value apartment in the 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 Allentown apartment is the The Graham Model at Horizons at the Village at Whitehall starting at $2,345 with a $1.42 price per square foot in the Whitehall 5th Voting District neighborhood. Here is today’s list of the best values for 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
Horizons at the Village at WhitehallThe Graham3BR,2BA$1.42
720 High St, Unit 2nd Fl720 High St4BR,1BA$1.30
Riverview West Apartments2BR, 1 Bath2BR,1BA$1.43
Cambridge House Apartments2 BR / 2 BA2BR,2BA$1.45
740 2nd St, Unit 3FRONT740 2nd St1BR,1BA$1.30
Hampshire House1 BR1BR,1BA$1.56
Congress Apartment HomesTwo Bedroom 1.5 Bath - 829 sqft2BR,1.5BA$1.70
Orchard Hills1 Bedroom1BR,1BA$1.44
The Adelaide1x11BR,1BA$1.58

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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Allentown

What type of rentals are currently available in Allentown?

There are currently 841 Apartments for Rent in Allentown, PA with pricing that ranges from $885 to $3,300. There are also 128 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allentown ranging from $700 to $4,000.

What is the current price range for Rental Homes in Allentown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Allentown ranges from $700 to $4,000 with an average monthly rent of $2,100.

How much are larger Three and Four Bedroom Rentals in Allentown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Allentown range from $1,500 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,350. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,550.

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

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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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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.

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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.

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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.