Cheap Homes for Rent in Reading, PA from $700 (8 Rentals)

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Reading, PA Local Guide

Cheapest Neighborhoods for Apartments in Reading, PA

Pricing Updated: 03/25/2025

Current apartment rentals in the Reading, PA area range in price from $675 to $5,982 with an overall median price of $1,637. The three Reading neighborhoods with the lowest median rent pricing are Southeast Community at $850, Penns Common at $895, and Southeast Reading at $675. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Reading Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Southeast Community$850$85034
Penns Common$1,350$89568
Southeast Reading$1,375$675322
Mount Penn$1,570$1,000523
East Reading$1,785$6751068
Kenhorst$2,892$1,1501826

Cheapest Available Reading Apartments for Rent

 

The cheapest available apartment rental in Reading, PA is a 1 Bed unit found at Barley Square Apartments in the Callowhill neighborhood priced from $973. Ridgeview Apartment Homes in the College Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,070. Here is today’s list of the most affordable Reading apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Barley Square Apartments1 Bedroom1BR,1BA$973
Ridgeview Apartment HomesOne Bedroom - 665 sqft Mount Penn1BR,1BA$1,070
Studios on SpringStudio 21BR,1BA$1,150

Best Value Apartments for Rent in Reading, PA

As of March 25, 2025 the best value apartment in the Reading area is the $1.64 price per square foot Two bedroom, two bath apartment Model at Wynnewood Park Apartments in the in the Callowhill neighborhood starting from $1,738. The second greatest value Reading apartment is the 1225 Carbon St Model at 1225 Carbon St, Unit 1225 Carbon St apt. 2 starting at $1,375 with a $1.31 price per square foot in the North Riverside neighborhood. Here is today’s list of the best values for Reading apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wynnewood Park ApartmentsTwo bedroom, two bath apartment2BR,2BA$1.64
1225 Carbon St, Unit 1225 Carbon St apt. 21225 Carbon St2BR,1BA$1.31
Franklin Manor Apartments2 Bed/2 Bath2BR,2BA$1.80
Court Commons2 Bedroom Apartment2BR,1BA$1.40
The Reserve at Wyomissing1 Bedroom 1 Bath Signature1BR,1BA$1.77
Hollywood Court Apartments1 bedroom1BR,1BA$1.66
Exeter Village Apartments1 Bed | 1 Bath1BR,1BA$1.68
Governor Mifflin ApartmentsOne Bedroom 2nd and 3rd Floor1BR,1BA$1.61
Barley Square Apartments1 Bedroom1BR,1BA$1.41
953 N 12th St, Unit 2953 N 12th St1BR,1BA$1.54

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Frequently Asked Questions about Reading

What type of rentals are currently available in Reading?

There are currently 279 Apartments for Rent in Reading, PA with pricing that ranges from $675 to $5,982. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reading ranging from $700 to $3,000.

What is the current price range for Rental Homes in Reading?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Reading ranges from $700 to $3,000 with an average monthly rent of $1,604.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.