Updated 5+ Days Ago
Highlights
- Hardwood floors
- Central location
- Off-street parking
- Spacious living space
- Flexible layout
- Spacious studio rental
Location
1039 Penn St #2f, Reading, PA 19601, USA|Penn's Common
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Amenities for 1039 Penn St ##2f, Penn's Common
Apartment Amenities
| Fresh Paint | Furnished |
| Hardwood Floor | High Ceilings |
| Utilities Included |
Grounds
| Storage |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Lease terms | 1+ month |
|---|
About 1039 Penn St ##2f
Spacious Furnished Studio in the Heart of ReadingWelcome to this unique and inviting studio apartment at 1039 Penn St, 2F, Reading, PA 19601, offering a generous square footage of living space in a convenient city location. This thoughtfully arranged home combines classic character with practical comfort, making it an excellent option for renters seeking a furnished studio with room to live, work, and relax. The apartment features hardwood floors, fresh paint, and high ceilings that help create an open, bright atmosphere throughout the space. Flexible Layout with Everyday ComfortThe expansive main living area provides plenty of room for a variety of furniture arrangements, while the eat-in kitchen adds function and versatility. The kitchen includes ample upper and lower cabinets, offering practical storage for cookware, dishes, and pantry items. A shower and bath combination supports everyday convenience, and the overall layout makes this studio feel more substantial than a typical compact apartment. Because the unit is already furnished, moving in is simple and straightforward. Classic Features and Practical BenefitsSet within a single-family property originally built in 1900s, this residence offers a blend of older-home character and updated comfort. The hardwood flooring and freshly painted interior contribute to a clean, polished look, while the open feel and generous square footage allow the space to function well for a range of lifestyles. Private lot parking adds a valuable convenience, and the location near city amenities makes daily errands and commuting easier. Location Near Downtown and Local DestinationsSituated blocks from center city Reading, this apartment places you close to shopping, public transportation, City Park, and the Santander Arena. Whether you are heading to work, running errands, or enjoying local entertainment, this address offers strong accessibility and a central setting. It is a practical choice for anyone looking for a well-located Reading PA studio apartment with both space and convenience. Lease Details and Rental InformationThe monthly rent is $1,500, with a $1,000 security deposit. All utilities are included plus off-street parking for 1 vehicle. The landlord is also the listing agent, and the application fee is $49. If you are searching for a spacious, furnished studio rental in Reading with hardwood floors, off-street parking, and a central location, this property is well worth a closer look.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1039 Penn St ##2f compares to other nearby properties.
Positives
- More space
- Studio is 900 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.1 miles away
- Middle school nearby
- There is a middle school 0.2 miles away
- Extra storage
- In-unit features
- Images Available
- There are at least 10 photos of this property
Considerations
- Distance from grocery stores
- The nearest grocery store is 4.8 miles away
- Distance from transit
- More than 2.6 miles from public transportation
Address details
| Neighborhood | Penn's Common |
|---|---|
| Zip code | 19601 |
| Type | Apartment for rent |
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Rent trends in Penn's Common
studio apartments at 1039 Penn St ##2f cost about 36% more than the average rent price for studio apartments in Reading.
Median rents as of Nov 7 2026.
Penn's Common
Reading
| Month | Median Rent |
|---|---|
| November 2024 | $825 |
| December 2024 | $843 |
| January 2025 | $842 |
| February 2025 | $715 |
| March 2025 | $802 |
| April 2025 | $831 |
| May 2025 | $795 |
| June 2025 | $778 |
| July 2025 | $765 |
| August 2025 | $895 |
| September 2025 | $856 |
| October 2025 | $857 |
| November 2025 | $829 |
| December 2025 | $813 |
| January 2026 | $942 |
| February 2026 | $945 |
| March 2026 | $981 |
| April 2026 | $928 |
| May 2026 | $885 |
| June 2026 | $887 |
| July 2026 | $900 |
| August 2026 | $905 |
| September 2026 | $912 |
| October 2026 | $893 |
| November 2026 | $955 |
| Month | Median Rent |
|---|---|
| September 2026 | $1,100 |
Affordability calculator
Can I afford to live at 1039 Penn St #2f?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$60,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this studio monthly rent price of $1,500.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 4 months ago | $1,200 |
Schools near 1039 Penn St ##2f
10th & Penn Elementary School
955 penn st
reading, PA, 19601
PK, K-4Public
D+
Amanda E. Stout Elementary School
321 s 10th st
reading, PA, 19602
PK, K-4Public
D+
10th & Green Elementary School
400 n 10th st
reading, PA, 19604
PK, K-4Public
D+
13th & Green Elementary School
501 n 13th st
reading, PA, 19604
PK, K-4Public
D+
Tyson-Schoener Elementary School
315 s 5th st
reading, PA, 19602
PK, K-4Public
D+
Getting around Reading near 1039 Penn St #2f
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 1039 Penn St #2f, Reading
Groceries
10/10
Exceptional variety of groceries within a few minutes' walk
Shopping
8/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
6/10
Variety of cafés within a short drive
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Nightlife
8/10
Wide variety of bars within a few minutes' walk
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