Cheap Apartments for Rent in Reading, PA from $500 (29 Rentals)

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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.

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.

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Washington Towers
Studio to 2 Bedroom Apartments

Washington Towers

50 N 4th StReading, PA 19601
  • Utilities Included
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Centre Park Place
Studio to 2 Bedroom Apartments

Centre Park Place

601 N 5th StReading, PA 19601
  • Utilities Included

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.

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The Lofts on Marion
1 to 3 Bedroom Apartments

The Lofts on Marion

1200 N 11th StReading, PA 19604
  • Utilities Included
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Big Mill Apartments
Studio to 2 Bedroom Apartments

Big Mill Apartments

702 N 8th StReading, PA 19604
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502 Walnut St
Studio to 2 Bedroom Apartments

502 Walnut St

502 Walnut StReading, PA 19601
  • Utilities Included

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, PA Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Reading, PA

Pricing Updated: 01/25/2026

Current apartment rentals in the Reading, PA area range in price from $750 to $5,664 with an overall median price of $1,911. The three Reading neighborhoods with the lowest median rent pricing are Penns Common at $995, East Reading at $750, and Southeast Reading at $750. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Reading Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Penns Common$1,395$9956
East Reading$1,537$75067
Southeast Reading$1,537$75025
Mount Penn$1,930$99554
Center City Berks$2,138$99567
District 3$2,138$99563
Southeast Community$2,138$99576
Kenhorst$2,475$99561

Cheapest Available Reading Apartments for Rent

 

The cheapest available apartment rental in Reading, PA is a 1 Bed unit found at Berkshire Towers in the Callowhill neighborhood priced from $1,000. Reading Lofts in the Callowhill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here is today’s list of the most affordable Reading apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Berkshire Towers1BR/1.0BA1BR,1BA$1,000
Reading LoftsStudioStudio,1BA$1,000
Ridgeview Apartment HomesOne Bedroom - 665 sqft Mount Penn1BR,1BA$1,090
The BerkshireStudioStudio,1BA$1,100
Studios on SpringStudio 21BR,1BA$1,150
Berkshire Terrace Apartments1 Bedroom1BR,1BA$1,225
Governor Mifflin ApartmentsOne Bedroom 2nd and 3rd Floor1BR,1BA$1,247
Woodland Plaza ApartmentsOne Bedroom1BR,1BA$1,297

Best Value Apartments for Rent in Reading, PA

As of January 25, 2026 the best value apartment in the Reading area is the $1.51 price per square foot The Willow Model at Woodgate in the in the Flying Hills neighborhood starting from $2,130. The second greatest value Reading apartment is the 1224 Eckert Ave Model at 1224 Eckert Ave, Unit 2nd-3rd Floor starting at $1,375 with a $1.01 price per square foot in the Oakbrook 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.
WoodgateThe Willow2BR,2BA$1.51
1224 Eckert Ave, Unit 2nd-3rd Floor1224 Eckert Ave3BR,1BA$1.01
1517 Hill Rd, Unit 4h1517 Hill Rd2BR,2BA$1.51
1502 Centre Ave, Unit 21502 Centre Ave2BR,1BA$1.44
The Reserve at Wyomissing1 Bedroom 1 Bath Signature1BR,1BA$1.77
Country Club ApartmentsOne Bedroom1BR,1BA$1.83
Governor Mifflin ApartmentsOne Bedroom 1st Floor1BR,1BA$1.61
303 Penn St, Unit 3303 Penn St2BR,1BA$1.53
Ridgeview Apartment HomesOne Bedroom - 665 sqft Mount Penn1BR,1BA$1.64
Berkshire Towers1BR/1.0BA1BR,1BA$1.67

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash 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.

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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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Reading Overview

The fifth-largest city in the state of Pennsylvania, Reading is a blue collar destination that is home to over 85,000 welcoming residents. Known affectionately as 'The Pretzel City' thanks to its abundance of bakeries, Reading is situated midway between the hubs of Philadelphia and Harrisburgh. 

Why live in Reading, PA?

A winning mix of historic undustry and modern convenience, Reading apartments for rent make a great option for anyone considering a move to Pennsylvania. From art deco design flourishes on the business district buildings to its impressive collection of museums and art galleries, this proud city maintains a solid economic base thanks to the healthcare and manufacturing industries. 

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

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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 Reading Lofts listed at $1,000.

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

The lowest price for a Cheap One Bedroom Reading Apartment is $1,000 at Berkshire Towers.

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 $1,395 at Reading Lofts.

What is the most affordable Reading Three Bedroom Apartment?

The best deal on a cheap Reading Three Bedroom Apartment rental is at Exeter Village Apartments and starts from $1,920.

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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.