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 presents a vintage, cozy studio apartment with a strong overall Zumper expert rating of 8.8, indicating its desirability for renters. With a competitive price rating of 10 and a commendable array of amenities that earned a 9 rating, it offers substantial value in a prime location that scores 9 for accessibility to local attractions and transportation. While the quality and trustworthiness ratings are solid at 7, this property stands out in the 77.78 percentile for value, making it an excellent choice for those seeking a unique 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
- Less expensive
- The 1-bedrooms 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 Jan 17 2026.
Callowhill
Reading
| Month | Median 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 |
| 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
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