
Cheap Homes for Rent in Mount Penn Neighborhood of Reading, PA from $1,300 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Mount Penn area of Reading.

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.

556 S 18 1/2 St
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.

920 N 5th St
Mount Penn, Reading, PA Local Guide

How much does it cost to rent a home in Mount Penn?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Penn 2 Bedroom Homes for Rent | $1,650 | $1,650 | $1,650 |
| Mount Penn 3 Bedroom Homes for Rent | $1,595 | $1,300 | $2,000 |
| Mount Penn 4 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Mount Penn Neighborhood of Reading, PA.
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Best Value Apartments for Rent in Mount Penn, PA
As of March 22, 2026 the best value apartment in the Mount Penn area is the $2.12 price per square foot 1 Bed | 1 Bath | Den Model at Exeter Village Apartments in the in the Lorane neighborhood starting from $2,045. The second greatest value Mount Penn apartment is the 738 N 3rd St Model at 738 N 3rd St, Unit 3 starting at $1,195 with a $1.41 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 | 1 Bed | 1 Bath | Den | 1BR,1BA | $2.12 |
| 738 N 3rd St, Unit 3 | 738 N 3rd St | 1BR,1BA | $1.41 |
| 165 Douglass St, Unit 3 | 165 Douglass St | 1BR,1BA | $1.57 |
| The Berkshire | B2 | 2BR,1.5BA | $2.05 |
| Ridgeview Apartment Homes | One Bedroom - 665 sqft Mount Penn | 1BR,1BA | $1.73 |
| Reading Lofts | Two Bedroom | 2BR,1BA | $2.79 |
Frequently Asked Questions about Mount Penn
What type of rentals are currently available in Mount Penn?
There are currently 46 Apartments for Rent in Mount Penn, PA with pricing that ranges from $1,000 to $2,225. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Penn ranging from $1,300 to $2,000.
What is the current price range for Rental Homes in Mount Penn?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mount Penn ranges from $1,300 to $2,000 with an average monthly rent of $1,710.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.