
Cheap Homes for Rent in Downtown Reading Neighborhood of Reading, MA from $1,900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Reading area of Reading.


276 Albion St

4 Nixon Ln, Unit 2, Unit 2

68 Mill St, Unit 8
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.

82 Mill St, Unit 11

57 Augustus Ct, Unit 1004, Unit 1004

237 Main St

208 Gazebo Cir
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 Reading, Reading, MA Local Guide

How much does it cost to rent a home in Downtown Reading?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Reading 2 Bedroom Homes for Rent | $3,289 | $2,750 | $3,850 |
| Downtown Reading 3 Bedroom Homes for Rent | $4,516 | $3,600 | $5,450 |
| Downtown Reading 4 Bedroom Homes for Rent | $6,800 | $5,850 | $7,750 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Downtown Reading Neighborhood of Reading, MA.
Explore Reading
Downtown Reading, Reading, MA Local Guide
- Nearby Reading neighborhoods
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Cheapest Available Downtown Reading Apartments for Rent
 The cheapest available apartment rental in the Downtown Reading area of Boston, MA is a Studio unit found at Leisure Lane Apartments priced from $1,795. Mill Street Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,950. Here are the most affordable Downtown Reading apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Leisure Lane Apartments | studio | Studio,1BA | $1,795 |
| Mill Street Gardens | 1 Bedroom, 1 Bath | 1BR,1BA | $1,950 |
| Wakefield one, two, and three bedrooms with heating included | One bedroom | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Downtown Reading, MA
As of April 27, 2026 the best value apartment in the Downtown Reading area is the $3.28 price per square foot bc1- 2 Bed/2 Bath Model at Reading Commons in the in the Walnut Hill neighborhood starting from $3,679. The second greatest value Downtown Reading apartment is the Huntington 2B2B Model at Washington Crossing Apartments starting at $3,146 with a $2.84 price per square foot in the Nobility Hill neighborhood. Here is today’s list of the best values for Downtown Reading apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Reading Commons | bc1- 2 Bed/2 Bath | 2BR,2BA | $3.28 |
| Washington Crossing Apartments | Huntington 2B2B | 2BR,2BA | $2.84 |
| 18 Woburn St | 2 Beds | 2BR,2BA | $3.32 |
| 159 Main St | 159 Main St | 2BR,2BA | $2.67 |
| The Elms | One Bed | 1BR,1BA | $3.18 |
| Mill Street Gardens | 2 Bedroom | 2BR,1BA | $2.65 |
| Inwood West | One Bedroom A1A | 1BR,1BA | $2.84 |
| 224 Albion St, Unit 1 | 224 Albion St | 2BR,1BA | $2.69 |
| Nexxus Apartments | The Peabody | 1BR,1.5BA | $3.11 |
| Leisure Lane Apartments | studio | Studio ,1BA | $2.99 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Reading, Reading, MA
Ranked #1
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Reading, Reading, MA
School data provided by Great Schools
Frequently Asked Questions about Downtown Reading
What type of rentals are currently available in Downtown Reading?
There are currently 102 Apartments for Rent in Downtown Reading, MA with pricing that ranges from $1,795 to $6,619. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Reading ranging from $1,995 to $7,750.
What is the current price range for Rental Homes in Downtown Reading?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Reading ranges from $1,995 to $7,750 with an average monthly rent of $4,198.
How much are larger Three and Four Bedroom Rentals in Downtown Reading?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Reading range from $4,130 to $5,820, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,600 to $5,450. Four Bedroom Single-Family rentals are also available starting from $5,850 and Four Bedroom Apartments start at $4,250.
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.
Helpful Local Expert Guides

The 10 Best Affordable Neighborhoods in Boston, MA
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A Local Experts Guide to the Top Boston Neighborhoods for College Renters
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Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!

Explore Like a Local: The Insider's Guide to Boston
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Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.

Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
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Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
Articles, How-To's, and Tips

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.