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Rental Market Trends in Reading, PA

What is the average rent in Reading, PA?

$1,245/month

Average Rent

670 Sq Ft

Average Apartment Size

-0.5%

Decrease in the Last Year

As of June 2025, the average rent in Reading, PA is $1,245 per month. This is 23% lower than the national average rent of $1,627/month, making renting in Reading more affordable than most cities in the US. When you rent an apartment in Reading, you can expect to pay about $746 per month for a studio, $1,245 for a one-bedroom apartment, and around $1,508 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,929 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$746/month
466 Sq Ft
One Bedroom
$1,245/month
670 Sq Ft
Two Bedroom
$1,508/month
1,055 Sq Ft
Three Bedroom
$1,929/month
1,260 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,562/month
1,200 Sq Ft
Three Bedroom
$2,024/month
680 Sq Ft
Four Bedroom
$1,924/month
1,384 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,686/month
603 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$926/month
1,293 Sq Ft
Three Bedroom
$1,809/month
725 Sq Ft

How much has average rent changed in Reading, PA?

In the past year, rent has decreased by 0.5%, which averages out to $6 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Reading, PA
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Reading, PA
Percentage*
Rent Range
5% Below $700/month
28% $700 - $1,000/month
49% $1,001 - $1,500/month
16% $1,501 - $2,000/month
2% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Reading?

Based on current rent prices, East Reading is the most affordable neighborhood in Reading.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
East Reading
$1,606/month
661 Sq Ft

What are the most expensive neighborhoods in Reading?

Based on current rent prices, East Reading is the most expensive neighborhood in Reading.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
East Reading
$1,606/month
661 Sq Ft

Which Reading neighborhoods have the most rentals available?

The neighborhood in Reading with the most apartments available is East Reading .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
East Reading
$1,606/month
661 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Reading, PA?

Because the average rent in Reading is $1,245, you’ll want to make about $4,150 per month or $49,800 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Reading, PA is 4.9% lower than the national average. Generally, housing in Reading is 12.0% less expensive than the national average, with rent falling between $746 - $1,929. You can expect to pay 3.1% less for groceries, 20.6% less for utilities, and 8.9% more for transportation.

City

Reading, PA

198 Available Apartments for Rent

Search for Nearby Apartments

How does Reading, PA compare to other nearby cities and neighborhoods?

Use the tool below to compare Reading, PA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Reading, PA

Apartment Averages

East Reading

Reading, PA

East Reading

Reading, PA

Studio
-
-
One Bedroom
$1,244/month
$1,244/month
Two Bedroom
$1,482/month
$1,482/month
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • West Reading Average Rent

Apartment communities in Reading we think you'll love

Country Club Apartments

Country Club Apartments

355 Lackawanna St,
Reading, PA 19601

Studio - 2 Beds | $1,375 - $1,740

Bookbindery

Bookbindery

150 N 4th St,
Reading, PA 19601

1-2 Beds | $1,325 - $1,800

The Madison Apartments

The Madison Apartments

400 Washington St,
Reading, PA 19601

1-2 Beds | $1,650 - $3,000

Exeter Village Apartments

Exeter Village Apartments

200 Eastwick Dr,
Reading, PA 19606

1-3 Beds | $1,540 - $2,345

Property Management Companies in Reading, PA

Kriegman & Smith
Kriegman & Smith
  • 48

    Communities

  • 5,514

    Units

  • 34

    Cities

2 Communities in Reading
RP Management
RP Management
  • 22

    Communities

  • 3,680

    Units

  • 16

    Cities

2 Communities in Reading
Morgan Properties
Morgan Properties
  • 325

    Communities

  • 97,635

    Units

  • 199

    Cities

1 Community in Reading
The Kamson Corporation
The Kamson Corporation
  • 20

    Communities

  • 5,613

    Units

  • 17

    Cities

1 Community in Reading

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United States Pennsylvania Reading Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity