Cheap Apartments for Rent in the Downtown Lancaster Neighborhood of Lancaster, PA from $900 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Lancaster area of Lancaster.

property at 41 S Water St

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225

2 Bedroom, 1 Bath Townhome for Rent

Available Jun 1

41 S Water St, Unit #2

41 S Water St
LancasterPA17603

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.

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10 Prince
Studio to 2 Bedroom Apartments

10 Prince

10 S Prince StLancaster, PA 17603
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Vinoy
1 Bedroom Apartments

Vinoy

325 North Duke StreetLancaster, PA 17602
  • Utilities Included

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.

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Walnut 38
1 Bedroom Apartments

Walnut 38

38 E Walnut StLancaster, PA 17602
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Prince Street Lofts
Studio to 1 Bedroom Apartments

Prince Street Lofts

227 N Prince StLancaster, PA 17603
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241A N Queen St
1 to 2 Bedroom Apartments

241A N Queen St

241A N Queen StLancaster, PA 17603
  • Utilities Included
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City View Apartments
1 to 2 Bedroom Apartments

City View Apartments

114 E Lemon StLancaster, PA 17602
  • Utilities Included

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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Showing Results 1-21, Page 1 of 1

Downtown Lancaster, Lancaster, PA Local Guide

Cheapest Available Downtown Lancaster Apartments for Rent

 

The cheapest available apartment rental in the Downtown Lancaster area of Lancaster, PA is a 1 Bed unit found at City View Apartments priced from $1,397. Gallery 118 has the second lowest priced unit, which is a Studio apartment currently listed from $1,400. Here are the most affordable Downtown Lancaster apartments for rent in Lancaster, PA:

Apartment ListingModel NameBed/BathPriced From
City View ApartmentsOne Bedroom1BR,1BA$1,397
Gallery 118DonatelloStudio,1BA$1,400
The Keppel BuildingStudioStudio,1BA$1,445
The AlistairOne Bedroom J1BR,1BA$1,675
10 Prince1 Bedroom/1 Bathroom-6551BR,1BA$1,678

Best Value Apartments for Rent in Downtown Lancaster, PA

As of May 30, 2026 the best value apartment in the Downtown Lancaster area is the $1.18 price per square foot 116 S Prince St Model at 116 S Prince St, Unit 116-2 in the in the Hawthorne Ridge neighborhood starting from $1,775. The second greatest value Downtown Lancaster apartment is the 2 Bed 2 Bath Model at The Intel starting at $2,500 with a $1.84 price per square foot in the Hawthorne Ridge neighborhood. Here is today’s list of the best values for Downtown Lancaster apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
116 S Prince St, Unit 116-2116 S Prince St4BR,1BA$1.18
The Intel2 Bed 2 Bath2BR,2BA$1.84
Landis Place on King- 55+ CommunityLime2BR,2BA$2.53
Steeple View Lofts 55+2 Bedroom2BR,1BA$2.18
The Apartments at 101 North Queen2 bed 1 Dual Access bath M Floor2BR,1.5BA$2.00
46 S Prince St, Unit 246 S Prince St1BR,1BA$1.08
The Keppel BuildingStudioStudio ,1BA$1.72
The AlistairOne Bedroom E1BR,1BA$2.71
22 S Duke St, Unit 2A Studio22 S Duke StStudio ,1BA$1.62
City View ApartmentsOne Bedroom1BR,1BA$2.23

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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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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Pet Friendly Lifestyle
Downtown Lancaster, Lancaster, PA

Ranked #17

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Lancaster Apartments

What is the Cheapest Studio apartment in Downtown Lancaster?

Currently the most affordable Cheap Studio Apartment in Downtown Lancaster is at Gallery 118 listed at $1,400.

How much is rent for a Cheap One Bedroom Downtown Lancaster Apartment?

The lowest price for a Cheap One Bedroom Downtown Lancaster Apartment is $1,397 at City View Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown Lancaster Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Lancaster is starting from $1,990 at The Apartments at 101 North Queen.

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 Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.

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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.