Cheap Homes for Rent in the Downtown Lancaster Neighborhood of Lancaster, PA from $600 (5 Rentals)

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

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 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 Jul 15

41 S Water St, Unit #2

41 S Water St
LancasterPA17603
property at 411 S Arch St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

411 S 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.

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 $1,347. 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$1,347
Gallery 118DonatelloStudio,1BA$1,400
10 Prince1 Bedroom/1 Bathroom-6551BR,1BA$1,653

Best Value Apartments for Rent in Downtown Lancaster, PA

As of July 14, 2026 the best value apartment in the Downtown Lancaster area is the $1.84 price per square foot 2 Bed 2 Bath Model at The Intel in the in the Hawthorne Ridge neighborhood starting from $2,500. The second greatest value Downtown Lancaster apartment is the Lime Model at Landis Place on King- 55+ Community starting at $2,854 with a $2.53 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.
The Intel2 Bed 2 Bath2BR,2BA$1.84
Landis Place on King- 55+ CommunityLime2BR,2BA$2.53
118 W Chestnut St118 W Chestnut St2BR,1BA$1.72
Gallery 118Pollock2BR,2BA$3.10
Steeple View Lofts 55+2 Bedroom2BR,1BA$2.21
202 Queen2 Bedroom/2 Bathroom-9522BR,2BA$2.91
The AlistairOne Bedroom E1BR,1BA$2.71
City View ApartmentsOne Bedroom1BR,1BA$2.15
10 PrinceNew - 1 Bedroom/1 Bathroom-5811BR,1BA$2.71

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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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 Downtown Lancaster

What type of rentals are currently available in Downtown Lancaster?

There are currently 72 Apartments for Rent in Downtown Lancaster, PA with pricing that ranges from $985 to $4,703. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lancaster ranging from $625 to $3,200.

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 $625 to $3,200 with an average monthly rent of $1,399.

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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.