Cheap Apartments for Rent in the Pennydale Neighborhood of Greensboro, NC from $500 (52 Rentals)

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

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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property at 2720 Gwaltney Rd

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

2720 Gwaltney Rd

GreensboroNC27407

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 4310 Cornell Ave

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

3 Bedroom, 1 Bath Home for Rent

Available May 10

4310 Cornell Ave

GreensboroNC27407
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Colts Run Apartments
2 Bedroom Apartments

Colts Run Apartments

2611 Merritt DrGreensboro, NC 27407
  • Utilities Included
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The Heights Townhomes
2 Bedroom Apartments

The Heights Townhomes

3802 Overland HtsGreensboro, NC 27407
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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
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The Arbors
1 to 3 Bedroom Apartments

The Arbors

4019 Hewitt StGreensboro, NC 27407

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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Bella Vista Apartments
2 Bedroom Apartments

Bella Vista Apartments

1827-1843 Merritt DrGreensboro, NC 27407
  • Utilities Included
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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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Hanover Terrace
1 to 2 Bedroom Apartments

Hanover Terrace

3911 Marchester WayGreensboro, NC 27407
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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
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MoJud Lofts
Studio to 3 Bedroom Apartments

MoJud Lofts

1001 S Lindell RdGreensboro, NC 27403

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.

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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 $755. The Arbors has the second lowest priced unit, which is a 1 Bed apartment currently listed from $823. Here are the most affordable Pennydale apartments for rent in Greensboro, NC:

Apartment ListingModel NameBed/BathPriced From
The RetreatThe Ayers1BR,1BA$755
The ArborsThe Rosewood1BR,1BA$823
Village Walk Apartments1BR - 1BTH1BR,1BA$850
Pepper Tree Apartments1BR/1BA1BR,1BA$865
Hunters ChaseThe Rose1BR,1BA$922
NottinghamNottingham Apartments1BR,1BA$925
Wendover River OaksLatham1BR,1BA$930
Hanover Terrace1 Bedroom1BR,1BA$959
Residences at 18052 BR 1 BTH Classic2BR,1BA$965
Cedar TracePrimrose1BR,1BA$965

Best Value Apartments for Rent in Pennydale, NC

As of April 18, 2026 the best value apartment in the Pennydale area is the $0.60 price per square foot The Bradford (Stand Alone) Model at WestVue in the in the Madison Woods neighborhood starting from $830. 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$0.60
Thomas Estates3BR/2 BA3BR,2BA$1.10
600 Station Square Apartments2BR2BR,2BA$1.16
2909 Spring Garden St, Unit 2909-B2909 Spring Garden St2BR,2BA$1.05
Legacy Sedgefield Townhomes2BR - 1.5BTH TH PR2BR,1.5BA$1.09
Abbington Place ApartmentsHilltop1BR,1BA$1.25
Residences at 18052 BR 1 BTH Classic2BR,1BA$1.10
Hanover Terrace1 Bedroom1BR,1BA$1.26
The RetreatThe Ashland1BR,1BA$1.23
The ArborsThe Rosewood1BR,1BA$1.27

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.

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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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The 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.

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Cash 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.

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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 #32

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

Pet Friendliness Lifestyle Score

3.5
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

How much is rent for a Cheap One Bedroom Pennydale Apartment?

The lowest price for a Cheap One Bedroom Pennydale Apartment is $755 at The Retreat.

What is the lowest price for a Cheap Two Bedroom Pennydale Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Pennydale is starting from $877 at The Arbors.

What is the most affordable Pennydale Three Bedroom Apartment?

The best deal on a cheap Pennydale Three Bedroom Apartment rental is at The Arbors and starts from $1,175.

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

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

Written by: Catrina Cowart

Hello again, everyone. I'm Catrina, and I'm your ApartmentHomeLiving.com Local Expert for Greensboro, North Carolina.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.