
Cheap Apartments for Rent in the Mount Penn Neighborhood of Reading, PA from $800 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mount Penn area of Reading.


1047 Penn St

Berkshire Towers

413 N 11th St, Unit 1st floor

Reading Lofts

Hollywood Court Apartments
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.

Ridgeview Apartment Homes

303 Penn St, Unit 3

229 S 6th St

1029 N 5th St, Unit 1029 N 5th Street

The Berkshire

840 Centre Ave, Unit 840 Centre ave
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.

1047 Penn St

Pennside Manor Apartments

523 Oley St

Mount Penn Manor Apartments

1646 Cotton St

St Lawrence Garden
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.

236 Oak Terrace
Mount Penn, Reading, PA Local Guide

How much does it cost to rent an apartment in Mount Penn?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Penn Studio Apartments | $1,050 | $1,000 | $1,100 |
| Mount Penn 1 Bedroom Apartments | $1,239 | $875 | $1,955 |
| Mount Penn 2 Bedroom Apartments | $1,557 | $1,095 | $2,075 |
| Mount Penn 3 Bedroom Apartments | $1,957 | $1,475 | $2,500 |
| Mount Penn 4 Bedroom Apartments | $1,675 | $1,675 | $1,675 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Mount Penn Neighborhood of Reading, PA.
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Mount Penn, Reading, PA Local Guide
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Cheapest Available Mount Penn Apartments for Rent
 The cheapest available apartment rental in the Mount Penn area of Reading, PA is a 1 Bed unit found at Berkshire Towers priced from $1,000. Reading Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Mount Penn apartments for rent in Reading, PA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Berkshire Towers | 1BR/1.0BA | 1BR,1BA | $1,000 |
| Reading Lofts | Studio | Studio,1BA | $1,000 |
| Ridgeview Apartment Homes | One Bedroom - 665 sqft Mount Penn | 1BR,1BA | $1,095 |
| The Berkshire | Studio | Studio,1BA | $1,100 |
Best Value Apartments for Rent in Mount Penn, PA
As of January 10, 2026 the best value apartment in the Mount Penn area is the $1.01 price per square foot 1224 Eckert Ave Model at 1224 Eckert Ave, Unit 2nd-3rd Floor in the in the Oakbrook neighborhood starting from $1,375. The second greatest value Mount Penn apartment is the 1517 Hill Rd Model at 1517 Hill Rd, Unit 4h starting at $1,650 with a $1.51 price per square foot in the Southside neighborhood. Here is today’s list of the best values for Mount Penn apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1224 Eckert Ave, Unit 2nd-3rd Floor | 1224 Eckert Ave | 3BR,1BA | $1.01 |
| 1517 Hill Rd, Unit 4h | 1517 Hill Rd | 2BR,2BA | $1.51 |
| Ridgeview Apartment Homes | Two Bedroom - 950 sqft Antietam Arms | 2BR,1BA | $1.67 |
| Exeter Village Apartments | 1 Bed | 1 Bath | Den | 1BR,1BA | $2.03 |
| 840 Centre Ave, Unit 840 Centre ave | 840 Centre Ave | 1BR,1BA | $1.38 |
| 303 Penn St, Unit 3 | 303 Penn St | 2BR,1BA | $1.53 |
| The Berkshire | A1 | 1BR,1BA | $2.16 |
| Berkshire Towers | 1BR/1.0BA | 1BR,1BA | $1.67 |
| 1568 Mineral Spring Rd, Unit 2F | 1568 Mineral Spring Rd | 1BR,1BA | $1.46 |
| Reading Lofts | Two Bedroom | 2BR,1BA | $2.90 |
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 ArticleThe 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.
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.
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.
Frequently Asked Questions about Cheap Mount Penn Apartments
How much is rent for a Cheap One Bedroom Mount Penn Apartment?
The lowest price for a Cheap One Bedroom Mount Penn Apartment is $1,000 at Berkshire Towers.
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 $1,450 at Reading Lofts.
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 $1,960.
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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!