Reading, Pennsylvania Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Reading, Pennsylvania rental market.
Reading, Pennsylvania
Average Apartment Rent
$1,672
Y-o-Y Change in Average
Apartment Rent
2.4%
As of March 2026
Compared to a year ago, Reading, Pennsylvania apartments have recorded a 2.4% rent increase.
Reading, Pennsylvania Average apartment rent trend
Reading, Pennsylvania Average Apartment Rent
Reading, Pennsylvania Apartment rent ranges
At 50.58%, apartments priced $1,500 - $2,000 represent the bulk of Reading, Pennsylvania rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.22%.
Reading, Pennsylvania Housing tenure**
Renters take up 61% of Reading, Pennsylvania real estate, occupying a total of 19,854 units, while homeowners live in 12,838 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$32,053
Average household size of renter-occupied housing units**
2.72
Rental vacancy rate**
5.7%
Reading, Pennsylvania Renter-occupied housing units by no. of bedrooms**
There are 5,386 rentals in Reading, Pennsylvania with 1 bed making up the highest share of the market, at 27%. Units with 5 or more beds, on the other hand, hold the lowest percentage (6%), amounting to 1,144 units. Overall, the median number of rooms in Reading, Pennsylvania homes for rent is 4.4.
Reading, Pennsylvania Renter-occupied units by age of householder**
Most condos for rent in Reading, Pennsylvania are occupied by residents in the 25 - 34 years age group (22%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Reading, Pennsylvania Renter-occupied housing units by family type**
Reading, Pennsylvania Renter-occupied housing units by the presence of own children**
A total of 11,602 apartments for rent in Reading, Pennsylvania, or 58% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 7,798 units. All in all, the median size of a renter-occupied household in Reading, Pennsylvania is 2.72.
Reading, Pennsylvania Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 10% of the rental market. In contrast, residents with less than a high school degree reside in 28% of the homes for rent in Reading, Pennsylvania.
Reading, Pennsylvania Renter-occupied units by year structure built**
The highest share of Reading, Pennsylvania apartment rentals, namely 48% or 9,487 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (13%, 2,659 units), and the ones Built 1950 - 1959 (11%, 2,090 units).
Reading, Pennsylvania Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Reading, Pennsylvania renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Reading, Pennsylvania condos for rent is 2017.
Reading, Pennsylvania Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Reading, Pennsylvania renters have 1 vehicle available per household, 34% of them have No vehicle available, and 18% have 2 vehicles available.
Reading, Pennsylvania Means of transportation to work of householders living in renter-occupied housing units**
Reading, Pennsylvania Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Reading, Pennsylvania apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
