276 Albion St
WakefieldMA01880
Cheap Homes for Rent in Downtown Reading Neighborhood of Reading, MA from $1,900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Reading area of Reading.
202 Central St
StonehamMA02180
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.
220 Central St
StonehamMA02180
64 Main St
StonehamMA02180
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.
248 Albion St
WakefieldMA01880
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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 | $3,249 | $2,600 | $5,650 |
| Downtown Reading 3 Bedroom Homes for Rent | $4,683 | $4,500 | $4,900 |
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 5 rentals with your search options within a 2 mile radius of the Downtown Reading Neighborhood of Reading, MA.
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Downtown Reading, Reading, MA Local Guide
- Nearby Reading neighborhoods
- Nearby Cities
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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 1 Bed unit found at Mill Street Gardens priced from $1,950. Rockledge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,000. Here are the most affordable Downtown Reading apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mill Street Gardens | 1 Bedroom, 1 Bath | 1BR,1BA | $1,950 |
| Rockledge Apartments | 1BR/1.0BA | 1BR,1BA | $2,000 |
| 27-37 Water St | 1 Bedroom | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Downtown Reading, MA
As of June 11, 2026 the best value apartment in the Downtown Reading area is the $3.16 price per square foot Kennedy Model at Emery Flats in the in the North Woburn neighborhood starting from $4,764. The second greatest value Downtown Reading apartment is the bc1- 2 Bed/2 Bath Model at Reading Commons starting at $3,633 with a $3.24 price per square foot in the Walnut 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. |
|---|---|---|---|
| Emery Flats | Kennedy | 3BR,2BA | $3.16 |
| Reading Commons | bc1- 2 Bed/2 Bath | 2BR,2BA | $3.24 |
| Aster at the Summit | B2B | 2BR,2BA | $3.08 |
| 159 Main St | 159 Main St | 2BR,2BA | $2.67 |
| Inwood West | One Bedroom Den A1AD | 1BR,1BA | $2.91 |
| The Elms | One Bed | 1BR,1BA | $3.18 |
| Mill Street Gardens | 2 Bedroom | 2BR,1BA | $2.65 |
| The Met at Reading Station | The Bowery | 1BR,1BA | $3.13 |
| Washington Crossing Apartments | Newbury 1B1B | 1BR,1BA | $3.18 |
| Nexxus Apartments | The Peabody | 1BR,1.5BA | $3.17 |
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 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 106 Apartments for Rent in Downtown Reading, MA with pricing that ranges from $1,795 to $9,070. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Reading ranging from $1,995 to $5,650.
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 $5,650 with an average monthly rent of $3,488.
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
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.
A Local Experts Guide to the Top Boston Neighborhoods for College Renters
Written by: Amelia Ramstead
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
Written by: Amelia Ramstead
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
Written by: Amelia Ramstead
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
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.
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
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.