Cheap Homes for Rent in Altoona, PA from $500 (21 Rentals)

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

property at 1110 13th Ave

$553 - $585

Total Monthly Price

Total Monthly Price

Base Rent
$553 - $585

Total Monthly Price
$553 - $585

Studio To 1 Bedroom Homes for Rent

Available Now

1110 13th Ave

AltoonaPA16601

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.

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 1523 2nd Avenue

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

4 Bedroom, 2 Bath Home for Rent

Available Now

1523 2nd Avenue

AltoonaPA16602

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Altoona, PA Local Guide

Cheapest Neighborhoods for Apartments in Altoona, PA

Pricing Updated: 04/27/2026

Current apartment rentals in the Altoona, PA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Altoona Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Altoona$1,433$73417

Cheapest Available Altoona Apartments for Rent

 

The cheapest available apartment rental in Altoona, PA is a 2 Beds unit found at Mountain View in the Downtown Altoona neighborhood priced from $800. Russell Building in the Downtown Altoona neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable Altoona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mountain ViewUnfurnished2BR,2BA$800
Russell Building2 Bed 1 Bath2BR,1BA$800
Keith Hilltop Terrace 55+ Living2 Beds, 1 Baths2BR,1BA$994
Walton Heights2 Bedroom 1.5 Bathroom Townhome2BR,1BA$1,453
Park Place Station2022BR,1BA$1,495

Best Value Apartments for Rent in Altoona, PA

As of April 27, 2026 the best value apartment in the Altoona area is the $0.79 price per square foot 327 Bell Ave Model at 327 Bell Ave, Unit 2 in the in the Downtown Altoona neighborhood starting from $950. The second greatest value Altoona apartment is the 2 Beds, 1 Baths Model at Keith Hilltop Terrace 55+ Living starting at $994 with a $0.99 price per square foot in the Downtown Altoona neighborhood. Here is today’s list of the best values for Altoona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
327 Bell Ave, Unit 2327 Bell Ave2BR,1BA$0.79
Keith Hilltop Terrace 55+ Living2 Beds, 1 Baths2BR,1BA$0.99
208 Coleridge Ave, Unit 2208 Coleridge Ave2BR,1BA$1.14
Altoona Student Housing1 Bed1BR,1BA$0.46
Walton Heights2 Bedroom 1.5 Bathroom Townhome2BR,1.5BA$1.56
203 3rd Ave, Unit Unit2203 3rd Ave2BR,1BA$0.86
1200 16th St1200 16th St1BR,1BA$1.88
Park Place Station2022BR,1BA$1.87
Russell Building2 Bed 1 Bath2BR,1BA$1.00
Mountain ViewUnfurnished2BR,2BA$1.12

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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 Altoona

What type of rentals are currently available in Altoona?

There are currently 66 Apartments for Rent in Altoona, PA with pricing that ranges from $650 to $1,975. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Altoona ranging from $550 to $2,200.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Altoona ranges from $550 to $2,200 with an average monthly rent of $957.

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 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.

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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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.