Zumper

1047 Penn St
1047 Penn St, Reading, PA 19601, USA

Condo for rent
Monthly rent
$995–$1,195
Beds1–2
Baths1
Sqft–
modified
5+ Days Ago

Property Overview

Featuring a large one-bedroom layout and additional storage, the property offers spacious living with practical amenities. Its proximity to highly-rated elementary and middle schools enhances its appeal, while an extensive collection of 27 photos provides a comprehensive view for potential renters. With a value ranking in the 100th percentile, it stands out as a strong option in the local market.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • Less expensive
  • Elementary school nearby
  • Middle school nearby

Great for

  • Eco living

Highlights

  • closet space
  • hardwood flooring
  • additional storage
  • large closet
  • no smoking
  • large dining room

Units

1047 Penn St Reading, PA

Available

3B

1 Bed

1 Bath

$995

Listed on 11/01/2025
Listed by Barbara F.
Days on market: 80
Property Id: 1220290 Nestled In A Beautiful Historic Commercial Building Located In Penns Common Area Of Downtown Reading, Is Our 3Rd Floor Large 1 Bedroom, 1 Bath Apt With Park And Pagoda Views. Enjoy The Blonde Natural Bamboo Flooring In Your Bedroom, Living And Dining Rooms, Quaint & Cozy Sunny Kitchen, And Large Closet In Your Bedroom, Bath Room Is A Large Size Allowing For Additional Storage If Needed With Door Access To Fire Escape Inside Bathroom. Building Has Security Entrance. Inclusions: Water/ Trash/ Sewer No Smoking No Pets Credit Check Proof Of Income Requirements: 1- Application Completion 2- Approval Of Application/Credit 3- Invitation To Tour The Apt. To Confirm Move In 4-Security Deposit Ready To Secure Apt. 5- At Move In First Mth. Rent & Last Mth. Rent 6- Tenant Req. To Carry Renters Ins./$20-$30/Year

New Listing

2A

2 Beds

1 Bath

$1,195

Listed on 01/07/2026
Listed by Barbara F.
Days on market: 13
Property Id: 1220246 Large second floor two bedroom apt. Featuring 2 unique bay windows with exquisite stain glass in living room and master bedroom. Large dining room leading up a few steps to a large living room. Plenty of closet space, neutral paint and hardwood flooring throughout.

Amenities for 1047 Penn St

Some units at this address have these amenities. View unit details for more information.

Building
  • Storage
  • Outdoor Space
  • On-Site Management
Unit Amenities
  • Hardwood Floor
  • Walk-In Closets
  • Air Conditioning
  • Balcony

Policies at 1047 Penn St

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

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About 1047 Penn St

HomeApartments in ReadingPenn's Common 1047 Penn St #2A, Reading, PA 19601, USA

Check out this charming property located at 1047 Penn St, Reading, PA 19601, in the heart of Penn's Common. This intimate community consists of 6 units, offering 1 and 2-bedroom options to suit your needs. Inside, you'll find beautiful hardwood flooring, generous closet space, and additional storage for your belongings. The unique bay windows let in plenty of natural light, and the large dining room and living room provide ample space to relax and entertain. As a resident, you'll enjoy a smoke-free environment and access to amenities like hardwood floors, oven, and storage. With its long-term rentals, this property is perfect for those looking for a stable and comfortable place to call home.

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Address details

Units6
Units available2
Neighborhood
City
Zip code19601

1047 Penn St #2A is great for:

Eco living

  • You can get around by foot in this area
  • Public transit available nearby
  • On-site recycling or composting options
  • 15 parks within a mile

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 1047 Penn St, Reading, PA 19601, USA compares to other nearby properties.

Positives

Less expensive
Some rentals at this address are cheaper than similar listings nearby
Elementary school nearby
There is an elementary school 0.1 mile away
Middle school nearby
There is a middle school 0.2 mile away
Extra Storage
Upgraded in-unit features
Images available
There are at least 10 photos of this address

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Rent trends in Reading

1-bedroom apartments here are priced 9% higher than 1-bedrooms in Penn's Common.

Median rents as of Jan 17 2026.
Penn's Common
Reading
A table of 1-bedroom apartment rental data trends in Reading
MonthMedian Rent
February 2024$895
March 2024$915
April 2024$900
May 2024$986
June 2024$962
July 2024$947
August 2024$994
September 2024$950
October 2024$950
November 2024$961
December 2024$961
January 2025$995
February 2025$995
March 2025$956
April 2025$922
May 2025$932
June 2025$940
July 2025$951
August 2025$962
September 2025$952
October 2025$950
November 2025$954
December 2025$956
January 2026$995
A table of 1-bedroom apartment rental data trends in Penn's Common
MonthMedian Rent
February 2024$893
March 2024$902
April 2024$884
May 2024$850
September 2024$950
October 2024$959
November 2024$1,011
December 2024$1,025
March 2025$875
April 2025$895
May 2025$900
August 2025$945
September 2025$980
October 2025$885
November 2025$913
December 2025$940
January 2026$925

Affordability calculator

Can I afford to live at 1047 Penn St?

Bedrooms

Rent-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

$39,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,800 annually to afford this 1-bedroom monthly rent price of $995.
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.
Check out the past listing prices for monthly rent at 1047 Penn St, Reading, PA.
3 months ago$1,0251 bed1 bath
8 months ago$1,1952 bed1 bath
1 year ago$1,1252 bed1 bath
1 year ago$1,0251 bed1 bath
2 years ago$8551 bed1 bath
2 years ago$9501 bed1 bath
2 years ago$9952 bed1 bath
2 years ago$9952 bed1 bath

Schools near 1047 Penn St #2A

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+

16th & Haak Elementary School

1601 haak st

reading, PA, 19602

PK, K-4Public
D+
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Getting around Reading near 1047 Penn St

Walking

9/10
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

7/10
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 1047 Penn St, Reading

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

6/10
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

5/10
Some bars within a few minutes’ walk

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