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RentData.org Logo Reading Fair Market Rent FY 2023 Reading, PA MSA Rental Data

Fair Market Rent Prices in Reading, PA :
$760 $894 $1,136 $1,422 $1,526
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Reading are high compared to the national average. This FMR area is more expensive than 84% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Reading is $1,136 per month.

The previous year, rent for a two-bedroom home was $1,038 per month. This is a 9.44% increase year-over-year.

This FMR rate applies to Geigertown, PA, Limekiln, PA, Earlville, PA, Maxatawny, PA, Centerport, PA, Mount Aetna, PA, Virginville, PA, Bowers, PA, Pine Forge, PA, Rehrersburg, PA and other cities within the region. The Metro Code or CBSA code for this region is METRO39740M39740.

Additionally, This Fair Market Rent (FMR) area Reading, PA MSA spans one county or city in Pennsylvania which is listed in the table below. Estimated population of Reading, PA MSA FMR area is 419,062 people based on latest Census data.

Compared to the rest of Pennsylvania, the Reading FMR area is more expensive than 80% of the state.

Pennsylvania Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Reading. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Reading

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 829
1-BR 1-Bedroom $ 975
2-BR 2-Bedroom $ 1240
3-BR 3-Bedroom $ 1552
4-BR 4-Bedroom $ 1666
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Reading, PA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Harrisburg - Lncstr - Leb - York and Philadelphia.

County / Region Est. Population
Reading, PA Metro 419,062
Zip Codes in Reading, PA MSA

There are 68 unique zip codes in this Fair Market Rent (FMR) area:

17026, 17067, 17073, 17087, 17555, 17569, 18011, 18031, 18041, 18056, 18062, 18070, 18092, 19464, 19503, 19504, 19505, 19506, 19507, 19508, 19510, 19511, 19512, 19516, 19518, 19519, 19520, 19522, 19523, 19525, 19526, 19529, 19530, 19533, 19534, 19535, 19536, 19538, 19539, 19540, 19541, 19543, 19544, 19545, 19547, 19548, 19550, 19551, 19554, 19555, 19559, 19560, 19562, 19564, 19565, 19567, 19601, 19602, 19603, 19604, 19605, 19606, 19607, 19608, 19609, 19610, 19611 and 19612

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