Cheap Apartments for Rent in the Mount Penn Neighborhood of Reading, PA from $900 (20 Rentals)

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

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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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

Cash 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.

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St Lawrence Garden
1 to 2 Bedroom Apartments

St Lawrence Garden

2900 Oley Turnpike RdReading, PA 19606
  • Utilities Included
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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. The Berkshire has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Mount Penn apartments for rent in Reading, PA:

Apartment ListingModel NameBed/BathPriced From
Washington TowersStudioStudio,1BA$925
The BerkshireStudioStudio,1BA$1,100
Ridgeview Apartment HomesOne Bedroom - 665 sqft Mount Penn1BR,1BA$1,200
Hollywood Court Apartments2 Bedroom2BR,1BA$1,699
Exeter Village Apartments2 Bed | 1.5 Bath2BR,1BA$1,815

Best Value Apartments for Rent in Mount Penn, PA

As of May 28, 2026 the best value apartment in the Mount Penn area is the $0.92 price per square foot 942 Franklin St Model at 942 Franklin St, Unit 2 in the in the Callowhill neighborhood starting from $1,650. The second greatest value Mount Penn apartment is the 1224 Eckert Ave Model at 1224 Eckert Ave, Unit 1224 Eckert Avenue - 2nd and 3rd Floor starting at $1,250 with a $0.92 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.
942 Franklin St, Unit 2942 Franklin St4BR,2BA$0.92
1224 Eckert Ave, Unit 1224 Eckert Avenue - 2nd and 3rd Floor1224 Eckert Ave3BR,1BA$0.92
Exeter Village Apartments2 Bed | 1.5 Bath2BR,1.5BA$1.61
Hollywood Court Apartments2 Bedroom2BR,1BA$1.90
The BerkshireB22BR,1.5BA$2.05
Ridgeview Apartment HomesOne Bedroom - 665 sqft Mount Penn1BR,1BA$1.80
1536 Mineral Spring Rd, Unit 21536 Mineral Spring RdStudio ,1BA$1.67
Washington TowersStudioStudio ,1BA$1.94
330 N 4th St, Unit 1st Floor330 N 4th St2BR,1BA$2.89

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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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 $1,290 at Washington Towers.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.