
Luxury Apartments for Rent in the Penelope Neighborhood of Atlanta, GA (90 Rentals)
The most luxurious Apartments in the Penelope area of Atlanta with high-end amenities, features, and finishes.


Total Monthly Price
The Lowery

309 Dargan Pl SW, Unit Dargan Place, Unit Dargan Place

2643 Creekside Dr NW

1085 Harwell St NW

1033 Martin Luther King Jr Dr NW, Unit 1033, Unit 1033

167 Rockmart Dr SW

1013 Washington Heights Terrace NW

945-947 Palmetto Ave SW, Unit Palmetto Up

945-947 Palmetto Ave SW, Unit Palmetto Down
Exploring The World Outside Metro Atlanta: Local Suburbs You Will Want to Know About
Discover the best Atlanta suburbs for renting — more affordable options, larger yards, and family-friendly areas, all while commuting into the city.

945-947 Palmetto Ave SW, Unit Palmetto Whole House

1000 SW Palmetto

2581 Laurel Cir NW

1749 S Alvarado Terrace SW

1473 Beecher St SW

841 Ridge Ave NW

56 Holly Rd NW

1603 Ezra Church Dr NW

3035 McLendon Cir NW

1389 Lanvale Dr SW
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

198 Wellington St SW

167 Rockmart Dr SW

1017 Sparks St SW

2259 Sisk St NW

255 Mathewson Pl SW

1585 Archer St SW

240 Laurel Ave SW

175 Holly Rd NW

125 Chappell Rd NW

700 Lynn Cir SW
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1480 Ezra Church Dr NW

965 Fair St SW

1951 Handley Ave SW

460 Peyton Rd SW

2507 Ryne St NW

423 Tazor St NW

1917 Baker Rd NW

717 Church St NW

2060 Baker Rd NW

308 Anderson Ave NW
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

2259 Sisk St NW

1338 Montreat Ave SW

738 Prince Pl NW

1173 Fenwood St SW

1462 Lucile Ave SW

2541 Santa Barbara Dr NW

273 Wadley St NW

888 T P Burruss Senior Dr SW

2581 Laurel Cir NW

1298 Gideons Dr SW
Atlanta's Best Affordable Neighborhoods
Learn about Atlanta and the best places to live with original content written by our Atlanta, GA Local Expert Jan Boling
Penelope, Atlanta, GA Local Guide

How much does it cost to rent an apartment in Penelope?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penelope Studio Apartments | $1,470 | $1,451 | $1,489 |
| Penelope 1 Bedroom Apartments | $1,364 | $850 | $2,000 |
| Penelope 2 Bedroom Apartments | $1,587 | $835 | $2,518 |
| Penelope 3 Bedroom Apartments | $1,935 | $1,050 | $3,500 |
| Penelope 4 Bedroom Apartments | $1,725 | $1,725 | $1,725 |
Browse Apartments in this Neighborhood
There are currently 90 rentals with your search options within a 2 mile radius of the Penelope Neighborhood of Atlanta, GA.
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Penelope, Atlanta, GA Local Guide
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleCommute Less, Live More: Top Neighborhoods Near Atlanta's Biggest Companies
Find your ideal Atlanta apartment! This guide explores top neighborhoods like Midtown, Vinings, and Brookhaven, and matches them to the city's biggest employers to help you with your next move.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleA Local Expert's Guide to the Top Student Friendly Neighborhoods to Rent Near Colleges in Atlanta
A Local Expert's Guide to The 10 Best Affordable Neighborhoods in the Atlanta, GA metro area for affordable living. Find your perfect Atlanta apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Penelope, Atlanta, GA
School data provided by Great Schools
Frequently Asked Questions about Penelope
What is the current price range for One Bedroom Penelope Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Penelope ranges from $850 to $2,000 with an average monthly rent of $1,364.
What does renting a Two Bedroom Apartment in Penelope cost?
The monthly rent prices of Two Bedroom Apartments currently available in Penelope range from $835 to $2,518. Today's average rental price for Two Bedrooms here is $1,587.
How expensive are Penelope Three Bedroom Apartments?
There are currently 47 Three Bedroom Apartments listings available in Penelope on ApartmentHomeLiving.com. The pricing ranges from $1,050 to $3,500 - averaging $1,935 for the location.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

An Atlanta Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in the Atlanta Area
Written by: Jan Boling
Atlanta, Georgia is a large, modern city with many neighborhoods that welcome both newcomers and natives.

Top Student Friendly Neighborhoods to Rent Near Colleges in Atlanta
Written by: Brandie Parton
As a member of the Apartment Home Living team, I am honored to share all I know about the fabulous city that I affectionately call ATL.

Commute Less, Live More: Top Neighborhoods Near Atlanta's Biggest Companies
Written by: Brandie Parton
Hi there, I am Brandie Parton, your ApartmentHomeLiving.com Local Expert for Atlanta, GA. I love this bustling city that never seems to quit, rest, or become boring.

Exploring The World Outside Metro Atlanta: Local Suburbs You Will Want to Know About
Written by: Brandie Parton
Hi there, I am Brandie, your ApartmentHomeLiving.com local expert for Atlanta, Georgia.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.