Cheap Apartments for Rent in the Mount Penn Neighborhood of Reading, PA from $700 (12 Rentals)

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

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.

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.

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 $1,050. 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$1,050
Hollywood Court Apartments1 bedroom1BR,1BA$1,299
Ridgeview Apartment HomesTwo Bedroom - 950 sqft Antietam Arms2BR,1BA$1,310

Best Value Apartments for Rent in Mount Penn, PA

As of October 10, 2025 the best value apartment in the Mount Penn area is the $1.61 price per square foot 2 Bed | 1.5 Bath Model at Exeter Village Apartments in the in the Lorane neighborhood starting from $1,815. The second greatest value Mount Penn apartment is the 200 Windsor St Model at 200 Windsor St, Unit 1 starting at $1,800 with a $1.64 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.
Exeter Village Apartments2 Bed | 1.5 Bath2BR,1.5BA$1.61
200 Windsor St, Unit 1200 Windsor St2BR,1BA$1.64
Hollywood Court Apartments2 Bedroom2BR,1BA$1.56
424 S 5th St, Unit 2424 S 5th St2BR,1BA$1.45
222 Clymer St, Unit 3rd floor222 Clymer StStudio ,1BA$1.14
405 S 6th St, Unit 1405 S 6th St1BR,1BA$1.38
2581 Perkiomen Ave, Unit 12581 Perkiomen AveStudio ,1BA$1.27
2575 Perkiomen Ave, Unit 22575 Perkiomen Ave1BR,1BA$1.47
305 Penn St, Unit 4305 Penn St2BR,1BA$1.99
132 Clymer St, Unit 132 Clymer #3132 Clymer St1BR,1BA$1.36

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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 $1,050.

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 $1,310 at Ridgeview Apartment Homes.

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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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.