Cheap Apartments for Rent in Reading, MA from $1,000 (16 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.

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.

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

Reading, MA Local Guide

Cheapest Available Reading Apartments for Rent

 

The cheapest available apartment rental in Reading, MA is a 1 Bed unit found at Leisure Lane Apartments in the West Side neighborhood priced from $1,925. 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 Apartmentssmall 1 bedroom1BR,1BA$1,925
Mill Street Gardens1 Bedroom, 1 Bath1BR,1BA$1,950
30 Pomeworth Street1BR/1.0BA1BR,1BA$1,975
27-37 Water St1 Bedroom1BR,1BA$2,100
Wakefield one, two, and three bedrooms1BR/1.0BA1BR,1BA$2,100

Best Value Apartments for Rent in Reading, MA

As of June 14, 2025 the best value apartment in the Reading area is the $1.82 price per square foot 37 Sylvan Ave Model at 37 Sylvan Ave in the in the Greenwood neighborhood starting from $4,200. The second greatest value Reading apartment is the 232 Hancock St Model at 232 Hancock St, Unit 2 starting at $2,800 with a $2.45 price per square foot in the Wyoming 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.
37 Sylvan Ave37 Sylvan Ave4BR,2BA$1.82
232 Hancock St, Unit 2232 Hancock St2BR,1BA$2.45
315 Albion St, Unit 2315 Albion St2BR,1BA$2.55
316 Albion St, Unit #1316 Albion St2BR,1BA$2.55
79 Pleasant St, Unit 379 Pleasant St1BR,1BA$2.00
15 W Water St, Unit 215 W Water St2BR,1BA$2.75
7 Boline Pl, Unit 17 Boline Pl1BR,1BA$2.30
Washington Crossing ApartmentsCharles 1B1B1BR,1BA$2.73
Mill Street Gardens2 Bedroom2BR,1BA$2.65
30 Pomeworth Street1BR/1.0BA1BR,1BA$2.74

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 MapReading, MA Apartments MapView MapReading, 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 Hanover Stoneham listed at $2,476.

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

The lowest price for a Cheap One Bedroom Reading Apartment is $1,925 at Leisure Lane Apartments.

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 $2,250 at Mill Street Gardens.

What is the most affordable Reading Three Bedroom Apartment?

The best deal on a cheap Reading Three Bedroom Apartment rental is at 596 North Avenue 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.