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Rental market trends in Reading, PA

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Average Rent in Reading, PA

Average Rent in Reading, PA

Avg. RentAnnual Change
Studio - $1,305-3%
1 Bed - $1,420-7%
2 Beds - $1,702+4%
Last updated 5/26/2024

Average Apartment Cost in Reading, PA

The average rent for apartments in Reading, PA, is between $1,305 and $1,702 in 2024. For a studio apartment in Reading, PA, the average rent is $1,305. When it comes to 1-bedroom apartments, the average rent in Reading, PA, is $1,420. For a 2-bedroom apartment, the average rent is $1,702.

Apartment Rent Ranges in Reading, PA

Apartment PricesProportion
0%
17%
63%
6%
13%

Neighborhood Apartment Rent Trends in Reading, PA

Neighborhood1 Bed Avg RentAnnual Change
Downtown Reading$1,350--
Southwest Reading$1,230+25%
Northwest Reading$1,137-26%
Glenside$1,137-26%
Southeast Reading$1,092--
College Heights$995+5%
Neighborhood2 Beds Avg RentAnnual Change
Downtown Reading$1,550--
Southwest Reading$1,300+5%
Northwest Reading$1,255-3%
Glenside$1,255-23%
Southeast Reading$1,218--
College Heights$1,195+2%
St. Mary's$925--

How Other Cities Compare to Reading, PA

CityStudio Avg RentAnnual Change
Glenside$2,700--
Exton$2,099-7%
Allentown$1,838+33%
Bala Cynwyd$1,735-4%
Lansdale$1,713-7%
Malvern$1,649-7%
King of Prussia$1,567-18%
West Chester$1,562+4%
Wilmington$1,5570%
Doylestown$1,550+4%
Philadelphia$1,314-6%
Lancaster$1,200-1%
Conshohocken$1,090--
Newark$1,0250%
York$939-2%
Bethlehem$872-29%
Easton$872-22%
City1 Bed Avg RentAnnual Change
Exton$2,120+7%
Lansdale$2,117+7%
King of Prussia$2,008+5%
Allentown$1,971+1%
Bala Cynwyd$1,947-18%
Malvern$1,925-3%
West Chester$1,887-3%
Bethlehem$1,845+9%
Philadelphia$1,787-2%
Conshohocken$1,783-23%
Easton$1,775+8%
Doylestown$1,750+4%
Wilmington$1,605+3%
Lancaster$1,575+5%
Newark$1,495-1%
City2 Beds Avg RentAnnual Change
Ardmore$3,555-10%
Bala Cynwyd$2,914-1%
Exton$2,695+8%
Malvern$2,607-3%
Easton$2,530+40%
Lansdale$2,504-7%
King of Prussia$2,360-17%
Doylestown$2,245+2%
West Chester$2,239-5%
Allentown$2,199+24%
Bethlehem$2,1450%
Philadelphia$1,925-8%
Wilmington$1,893+3%
Lancaster$1,834+5%
Conshohocken$1,812-36%
Newark$1,662+5%
York$1,530+6%
Glenside$1,509+26%

Reading, PA Rent Trends

Studio1 Bed2 Beds
May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024
$1370$1385$1410$1410$1410$1410$1410$1270$1305$1305$1305$1305$1305
$1521$1542$1540$1571$1540$1540$1532$1420$1430$1430$1460$1424$1420
$1630$1650$1607$1607$1565$1640$1640$1562$1562$1585$1584$1582$1702
$1810$1810$1810$1810$1795$1830$1830$1860$1860$1860$1875$1880$1880

Neighborhood Information for Reading, PA

What are the most affordable neighborhoods in Reading, PA?

The most affordable neighborhoods in Reading are College Heights, where the average 1-bedroom apartment rent goes for $995, Southeast Reading, where renters pay $1,092 on average for a 1-bedroom apartment, and Northwest Reading, where the average 1-bedroom apartment rent goes for $1,137. If you're looking for other great deals, check out the listings in Glenside ($1,137 for a 1-bedroom apartment) or Southwest Reading ($1,230 for a 1-bedroom apartment), compared to the $1,420 average for a Reading 1-bedroom apartment.

What are the most expensive neighborhoods in Reading, PA?

The most affordable neighborhoods in Reading are Lincoln Park, where the average 1-bedroom apartment rent goes for $2,102, Downtown Reading, where renters pay $1,350 on average for a 1-bedroom apartment, and Southwest Reading, where the average 1-bedroom apartment rent goes for $1,230. If you're looking for other great deals, check out the listings in Northwest Reading ($1,137 for a 1-bedroom apartment) or Glenside ($1,137 for a 1-bedroom apartment), compared to the $1,420 average for a Reading 1-bedroom apartment.

What are the most popular neighborhoods in Reading, PA?

The most popular neighborhoods in Reading are Downtown Reading, where the average 1-bedroom apartment rent goes for $1,350, Northwest Reading, where renters pay $1,137 on average for a 1-bedroom apartment, and Glenside, where the average 1-bedroom apartment rent goes for $1,137. If you're looking for other popular neighborhoods, check out the listings in Southwest Reading ($1,230 for a 1-bedroom apartment) or Southeast Reading ($1,092 for a 1-bedroom apartment), compared to the $1,420 average for a Reading 1-bedroom apartment.

Nearby Listings

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    Reserve at Reed Farm

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  • 100 Park at Wyomissing Square property

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    1–3 Beds • 1–2.5 Baths

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    1 Unit Available

  • Antietam Arms property

    $992+

    Antietam Arms

    1–2 Beds • 1 Bath

    672–950 Sqft

    2 Units Available

  • Concord Court property

    $1,240+

    Concord Court

    1–2 Beds • 1 Bath

    685–835 Sqft

    Available 8/1