41 S Water St, Unit #2
41 S Water St
LancasterPA17603
Cheap Homes for Rent in Downtown Lancaster Neighborhood of Lancaster, PA from $1,200 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lancaster area of Lancaster.
11 E Walnut St
LancasterPA17602
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.
214 W Strawberry St
LancasterPA17603
312 N Arch St
LancasterPA17603
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.
Showing Results 1-4, Page 1 of 1
Downtown Lancaster, Lancaster, PA Local Guide
How much does it cost to rent a home in Downtown Lancaster?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lancaster 2 Bedroom Homes for Rent | $1,225 | $1,225 | $1,225 |
| Downtown Lancaster 3 Bedroom Homes for Rent | $1,385 | $1,345 | $1,425 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Lancaster Neighborhood of Lancaster, PA.
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Downtown Lancaster, Lancaster, PA Local Guide
- Nearby Lancaster neighborhoods
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 116 S Prince St, Unit 116-2 | 116 S Prince St | 4BR,1BA | $1.18 |
| The Intel | 2 Bed 2 Bath | 2BR,2BA | $1.84 |
| Landis Place on King- 55+ Community | Lime | 2BR,2BA | $2.53 |
| Steeple View Lofts 55+ | 2 Bedroom | 2BR,1BA | $2.18 |
| The Apartments at 101 North Queen | 2 bed 1 Dual Access bath M Floor | 2BR,1.5BA | $2.00 |
| 46 S Prince St, Unit 2 | 46 S Prince St | 1BR,1BA | $1.08 |
| The Keppel Building | Studio | Studio ,1BA | $1.72 |
| The Alistair | One Bedroom E | 1BR,1BA | $2.71 |
| 22 S Duke St, Unit 2A Studio | 22 S Duke St | Studio ,1BA | $1.62 |
| City View Apartments | One Bedroom | 1BR,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.
Read Article
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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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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Pet Friendly LifestyleDowntown Lancaster, Lancaster, PA
Ranked #17
Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Downtown Lancaster
What type of rentals are currently available in Downtown Lancaster?
There are currently 75 Apartments for Rent in Downtown Lancaster, PA with pricing that ranges from $995 to $4,703. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lancaster ranging from $1,225 to $1,425.
What is the current price range for Rental Homes in Downtown Lancaster?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lancaster ranges from $1,225 to $1,425 with an average monthly rent of $1,311.
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
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.
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.
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.
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.