Cheap Apartments for Rent in the Mount Penn Neighborhood of Reading, PA from $795 (30 Rentals)

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

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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502 Walnut St
Studio to 2 Bedroom Apartments

502 Walnut St

502 Walnut StReading, PA 19601
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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1222 N 10th St
Studio Apartments

1222 N 10th St

1222 N 10th StReading, PA 19604
Furnished
  • Utilities Included
Showing Results 1-30, Page 1 of 1

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 Washington Towers priced from $925. Reading Tower has the second lowest priced unit, which is a Studio apartment currently listed from $1,080. Here are the most affordable Mount Penn apartments for rent in Reading, PA:

Apartment ListingModel NameBed/BathPriced From
Washington TowersStudioStudio,1BA$925
Reading Tower-09Studio,1BA$1,080
The BerkshireStudioStudio,1BA$1,100
St. Lawrence01b, One Bedroom1BR,1BA$1,200
Ridgeview Apartment HomesTwo Bedroom - 893 sqft Mount Penn2BR,1BA$1,250
Hollywood Court Apartments1 Bedroom1BR,1BA$1,399

Best Value Apartments for Rent in Mount Penn, PA

As of August 27, 2026 the best value apartment in the Mount Penn area is the $1.48 price per square foot 3505 St Lawrence Ave Model at 3505 St Lawrence Ave, Unit 3 in the in the Lorane neighborhood starting from $1,925. The second greatest value Mount Penn apartment is the 134 W Douglass St Model at 134 W Douglass St, Unit 1 starting at $1,400 with a $1.08 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.
3505 St Lawrence Ave, Unit 33505 St Lawrence Ave4BR,1BA$1.48
134 W Douglass St, Unit 1134 W Douglass St2BR,1BA$1.08
226 Clymer St, Unit Aprt 2226 Clymer St2BR,1BA$1.00
1517 Hill Rd, Unit 4h1517 Hill Rd2BR,2BA$1.51
435 N 5th St, Unit Unit 2435 N 5th St3BR,1BA$1.70
Exeter Village Apartments1 Bed | 1 Bath1BR,1BA$1.90
St. Lawrence01b, One Bedroom1BR,1BA$1.70
1011 Walnut St, Unit 1F1011 Walnut St1BR,1BA$1.40
111 S 8th St111 S 8th St2BR,1BA$1.99
Washington TowersStudioStudio ,1BA$1.94

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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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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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

What is the Cheapest Studio apartment in Mount Penn?

Currently the most affordable Cheap Studio Apartment in Mount Penn is at Washington Towers listed at $925.

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

The lowest price for a Cheap One Bedroom Mount Penn Apartment is $1,180 at Washington 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 $1,250 at Ridgeview Apartment Homes.

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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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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.