Apartments for Rent in the Penelope Neighborhood of Atlanta, GA Under $2,000 (188 Rentals)

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Atlanta Is Calling — Here's Everything You Need to Know Before You Move

Moving to Atlanta? A Georgia native breaks down everything you need to know — from navigating ITP vs OTP neighborhoods to setting up utilities, finding a mover, and getting settled in the ATL.

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The Lowery
Rent Specials
$1,416 - $3,534
Total Monthly Price

Total Monthly Price

Base Rent
$1,416 - $3,534
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Lowery

900 Joseph E Lowery BlvdAtlanta, GA 30318
Student Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 1033 Palmetto Ave SW

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

6 Bedroom, 2 Bath Home for Rent

Available Now

1033 Palmetto Ave SW

AtlantaGA30314

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.

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559 Woodlawn Ave NW
$800
Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800
1 Bedroom Apartment Available Now

559 Woodlawn Ave NW

559 Woodlawn Ave NWAtlanta, GA 30318
Affordability
property at 2356 Carver Dr NW

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

3 Bedroom, 2 Bath Home for Rent

Available Now

2356 Carver Dr NW

AtlantaGA30314
property at 551 Culberson St SW

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

2 Bedroom, 1 Bath Home for Rent

Available Now

551 Culberson St SW

AtlantaGA30310
property at 2566 Hightower Ct NW

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 1 Bath Home for Rent

Available Sep 8

2566 Hightower Ct NW, Unit Basement

2566 Hightower Ct NW
AtlantaGA30318
property at 1071 N Shore Dr SW

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

1 Bedroom, 1 Bath Home for Rent

Available Now

1071 N Shore Dr SW

AtlantaGA30311
property at 1380 Plaza Ave SW

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

3 Bedroom, 2 Bath Home for Rent

Available Now

1380 Plaza Ave SW

AtlantaGA30310
property at 339 Henry Aaron Ave SW

$790

Total Monthly Price

Total Monthly Price

Base Rent
$790
Total Monthly Price
$790

1 Bedroom, 1 Bath Home for Rent

Available Now

339 Henry Aaron Ave SW, Unit C

339 Henry Aaron Ave SW
AtlantaGA30310
property at 437 Collier Ridge Dr NW

$750 - $1,100

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $1,100
Total Monthly Price
$750 - $1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

437 Collier Ridge Dr NW

AtlantaGA30318

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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Penelope, Atlanta, GA Local Guide

A 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

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Best Local Schools in
Penelope, Atlanta, GA

School data provided by Great Schools

Frequently Asked Questions about Penelope

How much are Studio apartments in Penelope?

There are currently 51 Studio Apartments in Penelope with rent ranges from $850 to $1,491 with an average price of $1,212.

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 $800 to $2,000 with an average monthly rent of $1,356.

What does renting a Two Bedroom Apartment in Penelope cost?

The monthly rent prices of Two Bedroom Apartments currently available in Penelope range from $503 to $2,512. Today's average rental price for Two Bedrooms here is $1,410.

How expensive are Penelope Three Bedroom Apartments?

There are currently 45 Three Bedroom Apartments listings available in Penelope on ApartmentHomeLiving.com. The pricing ranges from $1,050 to $2,046 - averaging $1,486 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

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Atlanta Is Calling — Heres Everything You Need to Know Before You Move

Written by: Brandie Parton

Hi there! I am Brandie, from Georgia, and I am your local Atlanta expert for the ApartmentHomeLiving.com team.

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Understanding Atlanta's Short-Term Rental Landscape: Everything You Need to Know

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Hi ya’ll! I am Brandie, your local Atlanta, Georgia, expert with the ApartmentHomeLiving.com team.

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Everything You Should Know About Atlanta: A Local Expert's Guide to Renting in the ATL

Written by: Brandie Parton

Hi there from the ATL! I’m Brandie, proud to serve as your ApartmentHomeLiving.com local expert for the Atlanta, Georgia area.

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Exploring The World Outside Metro Atlanta: Local Suburbs You Will Want to Know About

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Articles, How-To's, and Tips

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.