Cheap Homes for Rent in Mount Penn Neighborhood of Reading, PA from $1,000 (5 Rentals)

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

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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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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$1,160

Best Value Apartments for Rent in Mount Penn, PA

As of June 22, 2026 the best value apartment in the Mount Penn area is the $1.45 price per square foot 3 Bed | 2 Bath Model at Exeter Village Apartments in the in the Lorane neighborhood starting from $2,130. The second greatest value Mount Penn apartment is the 226 Clymer St Model at 226 Clymer St, Unit Aprt 3 starting at $1,300 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.
Exeter Village Apartments3 Bed | 2 Bath3BR,2BA$1.45
226 Clymer St, Unit Aprt 3226 Clymer St2BR,1BA$1.08
163 Douglass St163 Douglass St2BR,1BA$1.35
3518 Saint Lawrence Ave, Unit Rear3518 Saint Lawrence Ave2BR,1BA$1.59
Hollywood Court Apartments2 Bedroom2BR,1BA$1.90
The BerkshireB22BR,1.5BA$2.05
Ridgeview Apartment HomesOne Bedroom - 672 sqft Antietam Arms1BR,1BA$1.98
Washington TowersStudioStudio ,1BA$1.94

Frequently Asked Questions about Mount Penn

What type of rentals are currently available in Mount Penn?

There are currently 50 Apartments for Rent in Mount Penn, PA with pricing that ranges from $825 to $2,700. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Penn ranging from $1,080 to $1,850.

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 $1,080 to $1,850 with an average monthly rent of $1,467.

How much are larger Three and Four Bedroom Rentals in Mount Penn?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Mount Penn range from $1,200 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,080 to $1,850. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,600.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.