5+ Days Ago
Highlights
- Vintage building
- Cozy studio apartment
Location
531 Franklin Street, Reading, Pennsylvania 19602, United States|Callowhill
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Property Overview
531 Franklin Street is a vintage studio apartment with an impressive Zumper expert rating of 8.8 out of 10, reflecting its appeal to renters. It features a strong balance of price and value, earning a price rating of 10, complemented by amenities and location ratings of 9 each, highlighting its excellent offerings and convenient proximity to points of interest. Additionally, the property has a solid quality rating of 7 and a trustworthiness rating of 7, indicating a reliable choice for renters seeking a well-documented living experience.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Less expensive
Floor plans
| 0BR/1.0BA | Studio | 1 bath | $795 /mo | 1 unit available | This cozy studio apartment is well maintained in a vintage building. Landlord pays: Water, sewer and trash. Tenant pays: Electric. Poorly qualified applicants may be required to pay an additional deposit if approved. Free payment options. To fill out an application or schedule a showing visit www panarentals com and click on the “Residential Rentals” tab. | ||
| 1BR/1.0BA | 1 bed | 1 bath | $875 /mo | 1 unit available | Cozy 1st floor one bedroom apartment is well maintained in a vintage building. Landlord pays: Water, sewer, trash and oil heat. Tenant pays: Electric. Poorly qualified applicants may be required to pay an additional deposit if approved. Free online rent payments when using your bank account if using a credit card fees will be applied. To fill out an application visit www panarentals com and click on the “Residential Rentals” tab. |
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Amenities for 531 Franklin Street
Apartment Amenities
| Central Heat | Heating |
| Trash | Water |
Appliances
| Range | Refrigerator |
| Stove |
Building
| Sewer |
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
| Units | 5 |
|---|
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About 531 Franklin Street
This cozy studio apartment is well maintained in a vintage building. Landlord pays: Water, sewer and trash. Tenant pays: Electric. Poorly qualified applicants may be required to pay an additional deposit if approved. Free payment options. To fill out an application or schedule a showing visit www panarentals com and click on the “Residential Rentals” tab.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, 531 Franklin Street is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 531 Franklin Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
531 Franklin Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
531 Franklin Street goes above and beyond to provide sought-after conveniences and desirable perks, including sewer. Renters looking for popular or luxurious features will find them here—and for that reason, 531 Franklin Street receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
531 Franklin Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·7A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust 531 Franklin Street to provide reasonable accomodations and accurate details about its community.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
531 Franklin Street provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 531 Franklin Street compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.2 mile away
- Less expensive
- Studio units are cheaper than other similar listings nearby
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Rent trends in Callowhill
1-bedroom apartments here are priced about the same as 1-bedrooms in Callowhill.
Median rents as of Dec 6 2025.
Callowhill
Reading
| Month | Median Rent |
|---|---|
| December 2023 | $884 |
| January 2024 | $866 |
| 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 | $950 |
| Month | Median Rent |
|---|---|
| February 2024 | $775 |
| March 2024 | $750 |
| March 2025 | $950 |
| August 2025 | $925 |
| September 2025 | $925 |
| October 2025 | $875 |
Affordability calculator
Can I afford to live at 531 Franklin Street?
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
$31,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,800 annually to afford this studio monthly rent price of $795.
For more information on rent affordability, visit our rent calculator.
Schools near 531 Franklin Street
Tyson-Schoener Elementary School
315 s 5th st
reading, PA, 19602
PK, K-4Public
D+
10th & Penn Elementary School
955 penn st
reading, PA, 19601
PK, K-4Public
D+
Lauer's Park Elementary School
251 n 2nd st
reading, PA, 19601
PK, K-4Public
C-
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+
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Internet available near 531 Franklin Street
Getting around Reading near 531 Franklin Street
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Points of interest for 531 Franklin Street, Reading
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Nightlife
4/10
Some bars within walking distance
Explore the area around 531 Franklin Street
5th & Spruce Street
246 S 5th St
Pabavany Food Market Inc
200 S 4th St
Santa Barbara Supermarket
100 S 9th St
Kenny Grocery & Sandwich Shop
409 S 5th St
R J Supermarket
859 Penn St
Lee Boutique
522 Penn St
DTLR
510 Penn St
Rainbow
504 Penn St
Re-Style Boutique
645 Penn St
Family Dollar
400 S 6th St
American Coffee House
601 Penn St
Dunkin'
645 Penn St
Donut Lovers Boom LLC
35 N 6th St
Starbucks
401 Penn St
Callowhill Cafe
134 N 5th St
Knight's Pub
700 Penn St
Marias Restaurant
404 Penn St
Cheers American Bistro
701 Penn St
Speckled Hen Cottage Pub
30 S 4th St
Stork Bar
301 S 8th St
Tropical Bakery
854 Bingaman St
Italian Bakery Shop
36 S 3rd St
Josefina's Miscellaneous & Bakery
911 Penn St
Foreverwell
1537 Mineral Spring Rd
La Seybana Bakery
1025 Oley St
Doubleggs LLC
538 Franklin St
Phatty's
538 Franklin St
El Papi Restaurant
100 S 6th St
Saucony Creek Brewing Co
100 S 7th St
Ugly Oyster
21 S 5th St
6th St. & Franklin St. Nearside Nb
Brookline
6th St. & Chestnut St. Nearside Nb
Brookline
Cherry St. & 6th St. Nearside Wb
Lincoln Park Via Reading Hospital, Glenside-Airport-Berks Heim, Schuylkill Avenue, Route 61-Hamburg
5th St. & Franklin St. Farside Eb
Grill Via Kenhorst, Mohnton Via Shillington
6th St. & Cherry St. Mid Block Wb
Temple Via 5th Street, Brookline, Mohnton Via Shillington, Wernersville Via Sinking Spring, Berkshire Mall, Broadcasting Square, Riverside, Grill Via Kenhorst
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