Cheap Homes for Rent in Allentown, PA from $1,049 (40 Rentals)

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

property at 929 W Gordon St
$1,075 - $1,295
1 To 2 Bedroom Rentals
Available Now
Affordability

929 W Gordon St

AllentownPA18102
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 Now
Affordability

723 Ridge Ave

AllentownPA18102

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.

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

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 1436 Poplar St
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
2 Bedroom, 2 Bath Home for Rent
Available Nov 1

1436 Poplar St

NorthamptonPA18067
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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
Cost Per Sq.Ft.

547 N Silk St

AllentownPA18102
property at 202 N 17th St
$1,590
1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

202 N 17th St

AllentownPA18104
property at 1502 E 7th St
$1,595

Total Monthly Price

Base Rent$1,595

Total Monthly Price$1,595
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

1502 E 7th St

BethlehemPA18015

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 822 Main St
$1,695

Total Monthly Price

Base Rent$1,695

Total Monthly Price$1,695
2 Bedroom, 2 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

822 Main St, Unit 2 upstairs

822 Main St
BethlehemPA18018

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.

Allentown, PA Local Guide

Cheapest Neighborhoods for Homes in Allentown, PA

Pricing Updated: 09/27/2026

Current rental homes in the Allentown, PA area range in price from $350 to $6,000 with an overall median price of $1,706. The three Allentown neighborhoods with the lowest median rent pricing are Northwest Reading at $1,237, College Heights at $1,335, and Outlet District at $1,342. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Allentown Homes for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Northwest Reading$1,237$3508
College Heights$1,335$35025
Outlet District$1,342$35020
Queen Anne Historic District$1,342$35025
Penn's Commons$1,350$85033
Southside$1,350$85013
Northeast Reading$1,375$35025
Callowhill$1,400$1,00023
Center City$1,400$85035
Centre Park$1,400$35043

Best Value Homes for Rent in Allentown, PA

As of September 28, 2026 the best value rental home in the 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 Allentown rental home is the 1501 W Turner St Model at 1501 W Turner St in the Lehigh Parkway neighborhood starting at $2,000 with a $0.88 price per square foot. Here is today’s list of the best values for 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$0.88
6411 Pioneer Dr6411 Pioneer Dr3BR, 3BA$1.21
73 W Greenwich St73 W Greenwich St3BR, 2BA$1.10
6668 Pioneer Dr6668 Pioneer Dr3BR, 2.5BA$1.40
835 16th Ave835 16th Ave3BR, 3BA$1.38
932 Kossuth St932 Kossuth St2BR, 1BA$1.34
822 Main St, Unit 2 upstairs822 Main St2BR, 2BA$1.06
1502 E 7th St1502 E 7th St2BR, 1BA$1.23
547 N Silk St547 N Silk St2BR, 1.5BA$1.30

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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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.

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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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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 872 Apartments for Rent in Allentown, PA with pricing that ranges from $885 to $3,724. There are also 132 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allentown ranging from $1,049 to $4,500.

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 $1,049 to $4,500 with an average monthly rent of $2,115.

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 $1,425 to $3,193, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,375 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,475 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

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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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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.

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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.

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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.