Cheap Homes for Rent in Reading, PA from $500 (15 Rentals)

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Live Local, Spend Less: Your Guide to Affordable Allentown Neighborhoods

Find your perfect, affordable home in Allentown, PA. Explore 10 neighborhoods offering the best value, including rent data and proximity to downtown, parks, and entertainment.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Reading, PA Local Guide

Cheapest Neighborhoods for Apartments in Reading, PA

Pricing Updated: 08/07/2026

Current apartment rentals in the Reading, PA area range in price from $850 to $5,391 with an overall median price of $1,477. The three Reading neighborhoods with the lowest median rent pricing are Southeast Reading at $1,172, Mount Penn at $1,400, and East Reading at $1,415. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Reading Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Southeast Reading$1,172$85017
Mount Penn$1,400$87554
East Reading$1,415$85065
1300 Birch Stree$1,500$92557
Penns Common$1,500$92559
Southeast Community$1,500$92559
District 3$1,525$92546
Center City Berks$1,527$92547
Kenhorst$1,586$92546

Cheapest Available Reading Apartments for Rent

 

The cheapest available apartment rental in Reading, PA is a Studio unit found at Washington Towers in the Callowhill neighborhood priced from $925. Reading Tower in the Callowhill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,080. Here is today’s list of the most affordable Reading apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Washington TowersStudioStudio,1BA$925
Reading Tower-09Studio,1BA$1,080
The BerkshireStudioStudio,1BA$1,100
Ridgeview Apartment HomesOne Bedroom - 665 sqft Mount Penn1BR,1BA$1,160
St. Lawrence1bdu, 1 bedroom upgrade - $900.001BR,1BA$1,200

Best Value Apartments for Rent in Reading, PA

As of August 08, 2026 the best value apartment in the Reading area is the $1.74 price per square foot The Rosewood Model at Woodgate in the in the Flying Hills neighborhood starting from $2,215. The second greatest value Reading apartment is the 226 Clymer St Model at 226 Clymer St, Unit Aprt 2 starting at $1,300 with a $1.08 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 Rosewood2BR,2BA$1.74
226 Clymer St, Unit Aprt 2226 Clymer St2BR,1BA$1.08
163 Douglass St163 Douglass St2BR,1BA$1.35
111 S 8th St, Unit 3111 S 8th St2BR,1BA$1.33
The Cloverleaf2 Bedroom2BR,1BA$1.67
Governor Mifflin ApartmentsOne Bedroom 2nd and 3rd Floor1BR,1BA$1.67
2331 Cumberland Ave, Unit 22331 Cumberland Ave2BR,1BA$1.75
St. Lawrence01b, One Bedroom1BR,1BA$1.70
Ridgeview Apartment HomesOne Bedroom - 665 sqft Mount Penn1BR,1BA$1.74
324 Franklin St, Unit 1 beds,West Reading324 Franklin St1BR,1BA$1.71

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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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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Frequently Asked Questions about Reading

What type of rentals are currently available in Reading?

There are currently 306 Apartments for Rent in Reading, PA with pricing that ranges from $850 to $5,391. There are also 79 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reading ranging from $500 to $3,200.

What is the current price range for Rental Homes in Reading?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Reading ranges from $500 to $3,200 with an average monthly rent of $1,654.

How much are larger Three and Four Bedroom Rentals in Reading?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Reading range from $1,000 to $5,391, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $2,995. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $1,150.

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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Live Local, Spend Less: Your Guide to Affordable Allentown Neighborhoods

Written by: Jodi I

I’m Jodi, your ApartmentHomeLiving.com Local Expert for Allentown, Pennsylvania. I grew up in Bethlehem and moved to Allentown after graduating from the University of Delaware.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.