Cheap Apartments for Rent in Reading, MA from $1,000 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Reading.

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

close
View Me
39-41 Richardson Ave
Studio to 1 Bedroom Apartments

39-41 Richardson Ave

39-41 Richardson AveWakefield, MA 01880
  • Utilities Included
close
View Me
Stoneham House
1 to 2 Bedroom Apartments

Stoneham House

180-222 Central StStoneham, MA 02180
  • Utilities Included
close
View Me
411 Main St
1 to 2 Bedroom Apartments

411 Main St

411 Main StStoneham, MA 02180
  • Utilities Included
close
View Me
598 North
1 to 2 Bedroom Apartments

598 North

598 North AveWakefield, MA 01880

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Reading, MA Local Guide

Cheapest Available Reading Apartments for Rent and Nearby

 

The cheapest available apartment rental in Reading, MA is a Studio unit found at Leisure Lane Apartments in the West Side neighborhood priced from $1,750. Mill Street Gardens in the Nobility Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,950. Here is today’s list of the most affordable Reading apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Leisure Lane ApartmentsstudioStudio,1BA$1,750
Mill Street Gardens1 Bedroom, 1 Bath1BR,1BA$1,950
Wakefield one, two, and three bedrooms1BR/1.0BA1BR,1BA$2,000
27-37 Water St1 Bedroom1BR,1BA$2,100

Best Value Apartments for Rent in Reading, MA and Nearby

As of July 29, 2025 the best value apartment in the Reading area is the $2.23 price per square foot 24 Church St Model at 24 Church St, Unit 2 in the in the Greenwood neighborhood starting from $7,250. The second greatest value Reading apartment is the 34 Hall Rd Model at 34 Hall Rd, Unit 2 starting at $4,500 with a $1.96 price per square foot in the Greenwood neighborhood. Here is today’s list of the best values for Reading apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
24 Church St, Unit 224 Church St4BR,3.5BA$2.23
34 Hall Rd, Unit 234 Hall Rd4BR,2.5BA$1.96
961 Main St, Unit 2961 Main St2BR,2.5BA$2.11
5 Charles St, Unit 25 Charles St3BR,2BA$2.02
41 Blueberry Hill Rd, Unit 241 Blueberry Hill Rd4BR,1.5BA$2.44
16 Montvale Ave, Unit 216 Montvale Ave4BR,1BA$2.33
27 Salem St, Unit #127 Salem St3BR,1BA$2.38
7 Boline Pl, Unit 17 Boline Pl1BR,1BA$2.30
Mill Street Gardens1 Bedroom, 1 Bath1BR,1BA$2.44
19 Chestnut St, Unit 219 Chestnut St1BR,1BA$2.29

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Reading, MA Rentals by Map

View Map
Reading, MA Apartments Map
View Map
Reading, MA Rental Homes Map

Getting Around Reading, MA

Walk Score®

73 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Reading Apartments

What is the Cheapest Studio apartment in Reading?

Currently the most affordable Cheap Studio Apartment in Reading is at Leisure Lane Apartments listed at $1,750.

How much is rent for a Cheap One Bedroom Reading Apartment?

The lowest price for a Cheap One Bedroom Reading Apartment is $1,950 at Mill Street Gardens.

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

Today's best deal for a Cheap Two Bedroom Apartment in Reading is starting from $2,750 at The Elms.

What is the most affordable Reading Three Bedroom Apartment?

The best deal on a cheap Reading Three Bedroom Apartment rental is at The Elms and starts from $3,066.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The 10 Best Affordable Neighborhoods in Boston, MA article

The 10 Best Affordable Neighborhoods in Boston, MA

Written by: Amelia Ramstead

Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.