
Cheap Apartments for Rent in the Mount Penn Neighborhood of Reading, PA from $700 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mount Penn area of Reading.


1570 Cotton St

Ridgeview Apartment Homes
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.

Reading Lofts

1606 Perkiomen Ave

2575 Perkiomen Ave, Unit 2
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

How much does it cost to rent an apartment in Mount Penn?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Mount Penn Studio Apartments | $1,100 | $900 | $1,500 |
Mount Penn 1 Bedroom Apartments | $1,383 | $750 | $1,980 |
Mount Penn 2 Bedroom Apartments | $1,910 | $1,100 | $2,500 |
Mount Penn 3 Bedroom Apartments | $1,918 | $1,595 | $2,080 |
Browse Apartments in this Neighborhood
There are currently 12 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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Reading Lofts | Studio | Studio,1BA | $1,050 |
Hollywood Court Apartments | 1 bedroom | 1BR,1BA | $1,299 |
Ridgeview Apartment Homes | Two Bedroom - 950 sqft Antietam Arms | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Exeter Village Apartments | 2 Bed | 1.5 Bath | 2BR,1.5BA | $1.61 |
200 Windsor St, Unit 1 | 200 Windsor St | 2BR,1BA | $1.64 |
Hollywood Court Apartments | 2 Bedroom | 2BR,1BA | $1.56 |
424 S 5th St, Unit 2 | 424 S 5th St | 2BR,1BA | $1.45 |
222 Clymer St, Unit 3rd floor | 222 Clymer St | Studio ,1BA | $1.14 |
405 S 6th St, Unit 1 | 405 S 6th St | 1BR,1BA | $1.38 |
2581 Perkiomen Ave, Unit 1 | 2581 Perkiomen Ave | Studio ,1BA | $1.27 |
2575 Perkiomen Ave, Unit 2 | 2575 Perkiomen Ave | 1BR,1BA | $1.47 |
305 Penn St, Unit 4 | 305 Penn St | 2BR,1BA | $1.99 |
132 Clymer St, Unit 132 Clymer #3 | 132 Clymer St | 1BR,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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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

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.

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.

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.