The Madison Apartments
400 Washington St,
Reading, PA 19601
1-2 Beds | $1,650 - $3,000
Rental Market Trends in Reading, PA
What is the average rent in Reading, PA?
$1,223/month
Average Rent
670 Sq Ft
Average Apartment Size
+0.5%
Increase in the Last Year
As of March 2025, the average rent in Reading, PA is $1,223 per month. This is 22% lower than the national average rent of $1,559/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 $743 per month for a studio, $1,223 for a one-bedroom apartment, and around $1,481 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,917 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Reading, PA?
In the past year, rent has increased by 0.5%, which averages out to $7 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 March 2025
Legend
2024
2025
Rent Ranges in Reading, PA
Last Updated March 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
28%
$700 - $1,000/month
51%
$1,001 - $1,500/month
14%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Reading?
Based on current rent prices, Penn's Common, Southeast Community and Centre Park are the most affordable neighborhoods in Reading.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Reading?
Based on current rent prices, West Wyomissing, Glenside and Lorane are the most expensive neighborhoods in Reading.
Neighborhood
Average Rent
Average Sq Ft
Which Reading neighborhoods have the most rentals available?
The neighborhoods in Reading with the most apartments available are East Reading, Lorane and Reiffton .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Reading, PA?
Because the average rent in Reading is $1,223, you’ll want to make about $4,076 per month or $48,912 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 2.4% lower than the national average. Generally, housing in Reading is 10.0% less expensive than the national average, with rent falling between $743 - $1,917. You can expect to pay 2.4% less for groceries, 13.9% less for utilities, and 8.4% more for transportation.
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.
Studio
-
-
One Bedroom
$455/month
$1,074/month
Two Bedroom
-
$1,181/month
Three Bedroom
-
-
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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 February 2025.
* Percentages may not total 100 due to rounding.