Cheap Apartments for Rent in the Pennydale Neighborhood of Greensboro, NC from $499 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Pennydale area of Greensboro.

Where to Rent in Greensboro: Top Affordable Neighborhoods for Families and Singles

Discover our local expert's top affordable neighborhoods for renting in Greensboro, NC. Find your perfect Greensboro apartments for rent, whether you're looking for downtown action, historic charm, or a great commute.

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property at 1015 Cranbrook St
$975

Total Monthly Price

Base Rent$975
Total Monthly Price$975
2 Bedroom, 1 Bath Home for Rent
Available Oct 19
Affordability

1015 Cranbrook St

GreensboroNC27407
property at 3923 Overland Hts
$995

Total Monthly Price

Base Rent$995
Total Monthly Price$995
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

3923 Overland Hts

GreensboroNC27407

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Colts Run Apartments
2 Bedroom Apartments

Colts Run Apartments

2611 Merritt DrGreensboro, NC 27407
  • Utilities Included
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Oakwood Apartments
2 Bedroom Apartments

Oakwood Apartments

3739-3755 Oakwood DrGreensboro, NC 27407
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3936 McIntosh St
3 Bedroom Apartments

3936 McIntosh St

3936 McIntosh StGreensboro, NC 27407
property at 2710 Hayden St
$850
1 Bedroom Rentals
Available Now
Furnished

2710 Hayden St

GreensboroNC27407

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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The Arbors
1 to 3 Bedroom Apartments

The Arbors

4019 Hewitt StGreensboro, NC 27407
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Bella Vista Apartments
2 Bedroom Apartments

Bella Vista Apartments

1827-1843 Merritt DrGreensboro, NC 27407
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3838 West Ave
2 Bedroom Apartments

3838 West Ave

3838 West AveGreensboro, NC 27407
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Rucker St - BNE
2 Bedroom Apartments

Rucker St - BNE

1000 Rucker StGreensboro, NC 27407
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Juniper Ridge I
1 to 2 Bedroom Apartments

Juniper Ridge I

2904-2914 W FloridaGreensboro, NC 27407
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Millbrook Apartments
1 to 2 Bedroom Apartments

Millbrook Apartments

1016-1101 E Barton StGreensboro, NC 27407
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Hanover Terrace
1 to 2 Bedroom Apartments

Hanover Terrace

3911 Marchester WayGreensboro, NC 27407
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The Heights Townhomes
2 Bedroom Apartments

The Heights Townhomes

3902 Overland HtsGreensboro, NC 27407
  • Utilities Included

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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Wendover Ridge
1 to 2 Bedroom Apartments

Wendover Ridge

514 Coapman StGreensboro, NC 27407
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Morris Manor
2 Bedroom Apartments

Morris Manor

4228 United StGreensboro, NC 27407
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Juniper Ridge II
2 Bedroom Apartments

Juniper Ridge II

3712 West AveGreensboro, NC 27407
property at 3109 Darden Rd
$1,175
2 Bedroom Rentals
Available Now
Affordability

3109 Darden Rd

GreensboroNC27407

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-50, Page 1 of 2

Pennydale, Greensboro, NC Local Guide

Cheapest Available Pennydale Apartments for Rent

 

The cheapest available apartment rental in the Pennydale area of Greensboro, NC is a 1 Bed unit found at The Retreat priced from $705. Pepper Tree Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Pennydale apartments for rent in Greensboro, NC:

Apartment ListingModel NameBed/BathPriced From
The RetreatThe Ayers1BR,1BA$705
Pepper Tree Apartments1BR/1BA1BR,1BA$799
Village Walk Apartments1 Bed, 1 Bath1BR,1BA$850
The ArborsThe Beech2BR,1BA$887
StonesthrowAddison 11BR,1BA$913
Retreat at Copper Creek - SMP1X1 Winston1BR,1BA$925
Hunters ChaseThe Rose1BR,1BA$943
Nottingham1 Bed / 1 Bath1BR,1BA$950
3838 West Ave2 Beds, 1 Baths2BR,1BA$950
Rucker St - BNE2BR/1.0BA2BR,1BA$950

Best Value Apartments for Rent in Pennydale, NC

As of September 06, 2026 the best value apartment in the Pennydale area is the $0.59 price per square foot The Bradford (Stand Alone) Model at WestVue in the in the Madison Woods neighborhood starting from $810. The second greatest value Pennydale apartment is the 3BR/2 BA Model at Thomas Estates starting at $1,400 with a $1.10 price per square foot in the Hewitt Area neighborhood. Here is today’s list of the best values for Pennydale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
WestVueThe Bradford (Stand Alone)2BR,2.5BA$0.59
Thomas Estates3BR/2 BA3BR,2BA$1.10
Campus Crossing Spring GardenDesigner Style 3 Bed X 2 Bath - Sunroom3BR,2BA$0.49
Legacy Sedgefield Townhomes2BR - 1.5BTH TH Upgraded2BR,1.5BA$1.22
Millbrook Apartments2 Bedroom 2 Bath Renovated2BR,2BA$1.33
Residences at 18052 BR 1 BTH2BR,1BA$1.14
Hanover Terrace1 Bedroom1BR,1BA$1.32
Rucker St - BNE2BR/1.0BA2BR,1BA$1.25
Village Walk Apartments1 Bed, 1 Bath1BR,1BA$1.27
The RetreatThe Ashland1BR,1BA$1.13

Don'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.

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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.

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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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Quick 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.

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Pet Friendly Lifestyle
Pennydale, Greensboro, NC

Ranked #34

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across North Carolina including Pennydale, Greensboro, and the greater Greensboro area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Pennydale Apartments

What is the price of a cheap apartment in Pennydale?

The cheapest apartment in Pennydale is The Retreat which is listed at $695, while the average apartment in Pennydale costs $1,225.

What types of apartments are the cheapest in Pennydale?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 63 regular apartments in Pennydale that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Pennydale?

Cheap apartments in Pennydale have an average cost of $330 which is $895 cheaper than the average rent for all rentals in Pennydale.

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.

Articles, How-To's, and Tips

decorative image for Greensboros Collegiate Charms: The Best Neighborhoods for Renters in Greensboro article

Greensboros Collegiate Charms: The Best Neighborhoods for Renters in Greensboro

Written by: Catrina Cowart

Greensboro is a beautiful city; it's one that has areas with parks and churches, downtown events, and interesting things to do.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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

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.