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Studio Apartment for Rent in Mount Penn, PA

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    $2,500 Per Month

    • Studio
    • 1 Bath
    • House for Rent

    29 N 23rd St, Reading, PA 19606

    Property Id: 2705646Shop and garage with office and full bathroom for rent over 2000 square feet perfect place for a service business , trade , contractor or a car collector.

    29 N 23rd St, Reading, PA 19606

Why Live in Mount Penn

Mount Penn, PA, is a small borough nestled between Mount Penn to the north and Neversink Mountain to the south. This area is known for its historic homes, including American Foursquares and colonial-style houses built between the late 1800s and early 1900s. These homes, often surrounded by mature trees, offer a picturesque setting with properties ranging from 2,000 to 3,000 square feet. The southern part of Mount Penn features mid-1900s single-family homes, including ranch-style and split-level designs, as well as unique two-story Mediterranean homes with tile roofs and stucco siding. Residents can enjoy outdoor activities at Pendora Park, which includes a basketball court, softball field, and a jungle-themed playground. For stunning views, a short drive up Mount Penn leads to The Pagoda, offering panoramic vistas reminiscent of San Francisco. Dining options in the borough include the Mount Penn Family Restaurant and Jake’s of Mt. Penn, a local favorite since 1946. Shopping is convenient with Antietam Plaza nearby, featuring stores like Dollar General and Rite Aid, and additional retail options in Exeter Township and Downtown Reading, both just a few miles away.

Frequently Asked Questions

How much does it cost to rent a home in Mount Penn, PA?
The median rent for a home in Mount Penn, PA is $1,300 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Mount Penn, PA?
To comfortably afford the median rent in Mount Penn, PA, a household needs to earn roughly $52,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,300 per month in Mount Penn, PA, renters typically need to show $3,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Mount Penn, PA?
In Mount Penn, PA, the price-to-rent ratio is 17.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,300
Median Single Family Home Rent
$1,300
How to Rent a Home