
Cheap Homes for Rent in the Penns Common Neighborhood of Reading, PA from $1,000 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Penns Common area of Reading.


1244 Perkiomen Ave

1339 Mineral Spring Rd
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.

19 S 11th St

1135 Oley St

942 Washington St
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.

137 Wunder St
Penns Common, Reading, PA Local Guide

How much does it cost to rent a home in Penns Common?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penns Common 2 Bedroom Homes for Rent | $1,200 | $1,200 | $1,200 |
| Penns Common 3 Bedroom Homes for Rent | $1,522 | $1,395 | $1,650 |
| Penns Common 4 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Penns Common Neighborhood of Reading, PA.
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Penns Common, Reading, PA Local Guide
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Cheapest Available Penns Common Apartments for Rent
 The cheapest available apartment rental in the Penns Common 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 Penns Common apartments for rent in Reading, PA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Washington Towers | Studio | Studio,1BA | $925 |
| The Berkshire | Studio | Studio,1BA | $1,100 |
| Ridgeview Apartment Homes | One Bedroom - 665 sqft Mount Penn | 1BR,1BA | $1,135 |
Best Value Apartments for Rent in Penns Common, PA
As of July 12, 2026 the best value apartment in the Penns Common area is the $0.90 price per square foot 1224 Eckert Ave Model at 1224 Eckert Ave, Unit 1224 Eckert Avenue - 2nd and 3rd Floor in the in the Oakbrook neighborhood starting from $1,225. The second greatest value Penns Common apartment is the 2 Bedroom 2 Bath Premier Model at The Reserve at Wyomissing starting at $1,900 with a $1.65 price per square foot in the Oakbrook neighborhood. Here is today’s list of the best values for Penns Common apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1224 Eckert Ave, Unit 1224 Eckert Avenue - 2nd and 3rd Floor | 1224 Eckert Ave | 3BR,1BA | $0.90 |
| The Reserve at Wyomissing | 2 Bedroom 2 Bath Premier | 2BR,2BA | $1.65 |
| 1517 Hill Rd, Unit 4h | 1517 Hill Rd | 2BR,2BA | $1.51 |
| Wynnewood Park Apartments | Two bedroom, two bath apartment | 2BR,2BA | $1.63 |
| The Berkshire | B2 | 2BR,1.5BA | $2.05 |
| Hollywood Court Apartments | 1 Bedroom | 1BR,1BA | $2.04 |
| Ridgeview Apartment Homes | One Bedroom - 665 sqft Mount Penn | 1BR,1BA | $1.71 |
| 324 Franklin St, Unit 1 beds,West Reading | 324 Franklin St | 1BR,1BA | $1.71 |
| 1011 Walnut St, Unit 1F | 1011 Walnut St | 1BR,1BA | $1.65 |
| Washington Towers | Studio | Studio ,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestylePenns Common, Reading, PA
Ranked #16
Among cities in Pennsylvania for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Penns Common
What type of rentals are currently available in Penns Common?
There are currently 46 Apartments for Rent in Penns Common, PA with pricing that ranges from $825 to $5,391. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penns Common ranging from $1,000 to $1,650.
What is the current price range for Rental Homes in Penns Common?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penns Common ranges from $1,000 to $1,650 with an average monthly rent of $1,255.
How much are larger Three and Four Bedroom Rentals in Penns Common?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penns Common range from $1,225 to $5,391, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $1,650. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,700.
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

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.

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.

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.

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.