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Rental Market Trends in Reading, PA

What is the average rent in Reading, PA?

$1,220/month

Average Rent

654 Sq Ft

Average Apartment Size

+2.5%

Increase in the Last Year

As of January 2026, the average rent in Reading, PA is $1,220 per month. This is 25% lower than the national average rent of $1,625/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 $756 per month for a studio, $1,220 for a one-bedroom apartment, and around $1,486 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,872 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$756/month
467 Sq Ft
One Bedroom
$1,220/month
654 Sq Ft
Two Bedroom
$1,486/month
1,041 Sq Ft
Three Bedroom
$1,872/month
1,246 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,757/month
831 Sq Ft
Three Bedroom
$1,797/month
617 Sq Ft
Four Bedroom
$1,683/month
969 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,391/month
1,670 Sq Ft
Three Bedroom
$2,023/month
726 Sq Ft
Four Bedroom
$1,567/month
294 Sq Ft

How much has average rent changed in Reading, PA?

In the past year, rent has increased by 2.5%, which averages out to $31 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Reading, PA
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Reading, PA
Percentage*
Rent Range
5% Below $700/month
25% $700 - $1,000/month
50% $1,001 - $1,500/month
18% $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 and Madison at Wynnewood Park" are the most affordable neighborhoods in Reading.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
East Reading
$1,301/month
670 Sq Ft
Madison at Wynnewood Park
$1,358/month
511 Sq Ft

What are the most expensive neighborhoods in Reading?

Based on current rent prices, Madison at Wynnewood Park and East Reading" are the most expensive neighborhoods in Reading.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Madison at Wynnewood Park
$1,358/month
511 Sq Ft
East Reading
$1,301/month
670 Sq Ft

Which Reading neighborhoods have the most rentals available?

The neighborhoods in Reading with the most apartments available are East Reading and Madison at Wynnewood Park" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
East Reading
$1,301/month
670 Sq Ft
Madison at Wynnewood Park
$1,358/month
511 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 $1,220, you’ll want to make about $4,066 per month or $48,792 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 1.0% higher than the national average. Generally, housing in Reading is 6.2% less expensive than the national average, with rent falling between $756 - $1,872. You can expect to pay 3.3% less for groceries, 4.3% more for utilities, and 1.8% more for transportation.

City

Reading, PA

303 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

Madison at Wynnewood Park

Reading, PA

Studio
-
-
One Bedroom
$1,294/month
-
Two Bedroom
$1,510/month
-
Three Bedroom
-
-
Search
Search

Apartment communities in Reading we think you'll love

Country Club Apartments

Country Club Apartments

355 Lackawanna St,
Reading, PA 19601

$1,375 - $1,720

Studio - 2 Beds

The Berkshire

The Berkshire

501 Washington St,
Reading, PA 19601

$1,100 - $1,700

Studio - 2 Beds

Exeter Village Apartments

Exeter Village Apartments

200 Eastwick Dr,
Reading, PA 19606

$1,600 - $2,490

1-3 Beds

Pennside Manor Apartments

Pennside Manor Apartments

717 N 25th St,
Reading, PA 19606

$1,199 - $1,375

1-2 Beds

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
  • 25

    Communities

  • 4,471

    Units

  • 19

    Cities

2 Communities in Reading
Morgan Properties
Morgan Properties
  • 390

    Communities

  • 107,997

    Units

  • 239

    Cities

1 Community in Reading
The Galman Group
The Galman Group
  • 31

    Communities

  • 6,111

    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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity