
Apartments for Rent in the Penelope Neighborhood of Atlanta, GA Under $1,000 (41 Rentals)


Villas of Hope Apartments

1295 West Apartments

Residences at Westview

Park West

Total Monthly Price
Ashby Park Apartments

Martin Manor

361 Joseph E. Lowery Blvd NW
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.

761 Kennolia Dr SW, Unit #1, Unit #1

893 Parsons St SW, Unit 6

559 Woodlawn Ave NW, Unit Unit B

559 Woodlawn Ave NW, Unit Unit B

559 Woodlawn Ave NW, Unit Unit B

Room in House on Mayson Turner Rd NW

149 Harlan Rd SW

1066 Margaret Pl NW
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.

Room in House on Cedar Ave NW

Room in House on Baker Terrace NW

Room in House on Peeples St SW

Room in House on Morris Brown Dr SW

173 Chappell Rd NW

1346 Eason St NW

Room in House on Donnelly Ave SW

Room in Duplex on M.L.K. Jr Dr 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.

2167 M.L.K. Jr Dr SW

232 Anderson Ave NW

971 Colquitt Pl NW

1441 Andrews St NW

Westpoint View

Parsons Pointe

Collier Heights Apartments

Park Commons Apartments -Senior Living
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.

Hamilton Hills

Columbia Canopy at Grove Park

Fairway Court Apartments

1194 SW Lucile Ave

Veranda at Collegetown - 62+ SENIOR COMMUNITY

Ashley Collegetown

Bolden Cove

Kings Court Apartments
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

Intrada Westside Apartments
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 41 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 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.