Cheap Apartments for Rent in the Mount Penn Neighborhood of Reading, PA from $700 (9 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Mount Penn area of Reading.

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.

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502 Walnut St
Studio to 2 Bedroom Apartments

502 Walnut St

502 Walnut StReading, PA 19601
  • Utilities Included

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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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St Lawrence Garden
1 to 2 Bedroom Apartments

St Lawrence Garden

2900 Oley Turnpike RdReading, PA 19606
  • Utilities Included

Mount Penn, Reading, PA Local Guide

Cheapest Available Mount Penn Apartments for Rent

 

The cheapest available apartment rental in the Mount Penn area of Reading, PA is a Studio unit found at Reading Lofts priced from $1,000. Hollywood Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,299. Here are the most affordable Mount Penn apartments for rent in Reading, PA:

Apartment ListingModel NameBed/BathPriced From
Reading LoftsStudioStudio,1BA$1,000
Hollywood Court Apartments1 bedroom1BR,1BA$1,299
Ridgeview Apartment HomesTwo Bedroom - 893 sqft Mount Penn2BR,1BA$1,335

Best Value Apartments for Rent in Mount Penn, PA

As of November 25, 2025 the best value apartment in the Mount Penn area is the $1.18 price per square foot 1224 Eckert Ave Model at 1224 Eckert Ave, Unit 2nd-3rd Floor in the in the Oakbrook neighborhood starting from $1,600. The second greatest value Mount Penn apartment is the 132 W Douglass St Model at 132 W Douglass St, Unit 132 W. Douglass St Apt 2 starting at $1,500 with a $1.17 price per square foot in the Oakbrook neighborhood. Here is today’s list of the best values for Mount Penn apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1224 Eckert Ave, Unit 2nd-3rd Floor1224 Eckert Ave3BR,1BA$1.18
132 W Douglass St, Unit 132 W. Douglass St Apt 2132 W Douglass St4BR,1BA$1.17
1517 Hill Rd, Unit 4h1517 Hill Rd2BR,2BA$1.51
Hollywood Court Apartments2 Bedroom2BR,1BA$1.56
The BerkshireB22BR,1.5BA$1.88
Ridgeview Apartment HomesTwo Bedroom - 950 sqft Antietam Arms2BR,1BA$1.48
Exeter Village Apartments1 Bed | 1 Bath | Den1BR,1BA$1.87
1502 Centre Ave, Unit 21502 Centre Ave2BR,1BA$1.66
Carsonia Manor2 BR 1.5 BATHS2BR,1.5BA$2.16
305 Penn St, Unit 4305 Penn St2BR,1BA$1.54

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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across Pennsylvania and customized analysis for Central Reading, PA. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the Mount Penn Neighborhood in Reading, PA

Walk Score®

62 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Mount Penn Apartments

What is the Cheapest Studio apartment in Mount Penn?

Currently the most affordable Cheap Studio Apartment in Mount Penn is at Reading Lofts listed at $1,000.

How much is rent for a Cheap One Bedroom Mount Penn Apartment?

The lowest price for a Cheap One Bedroom Mount Penn Apartment is $1,250 at Reading Lofts.

What is the lowest price for a Cheap Two Bedroom Mount Penn Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mount Penn is starting from $1,335 at Ridgeview Apartment Homes.

What is the most affordable Mount Penn Three Bedroom Apartment?

The best deal on a cheap Mount Penn Three Bedroom Apartment rental is at Exeter Village Apartments and starts from $2,140.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.