
Cheap Apartments for Rent in the Pennydale Neighborhood of Greensboro, NC from $500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Pennydale area of Greensboro.


4406 Trinity Ave

Pepper Tree Apartments

Village Walk Apartments

Millbrook Apartments

Colts Run Apartments
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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.

The Heights Townhomes

Oakwood Apartments

3936 McIntosh St

Cedar Fork Apartments

2513 Spring Garden St

The Arbors
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Pennydale, Greensboro, NC Local Guide

How much does it cost to rent an apartment in Pennydale?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pennydale Studio Apartments | $1,379 | $1,379 | $1,379 |
| Pennydale 1 Bedroom Apartments | $1,146 | $755 | $2,050 |
| Pennydale 2 Bedroom Apartments | $1,291 | $950 | $1,934 |
| Pennydale 3 Bedroom Apartments | $1,389 | $605 | $1,971 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Pennydale Neighborhood of Greensboro, NC.
See all Apartments in GreensboroExplore Greensboro
Pennydale, Greensboro, NC Local Guide
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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. Pepper Tree Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $835. Here are the most affordable Pennydale apartments for rent in Greensboro, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Retreat | The Ayers | 1BR,1BA | $755 |
| Pepper Tree Apartments | 1BR/1BA | 1BR,1BA | $835 |
| Village Walk Apartments | 1BR - 1BTH | 1BR,1BA | $850 |
| Millbrook Apartments | 1 Bedroom 1 Bath Classic | 1BR,1BA | $875 |
| Retreat at Copper Creek - SMP | 1X1 Winston | 1BR,1BA | $925 |
Best Value Apartments for Rent in Pennydale, NC
As of January 14, 2026 the best value apartment in the Pennydale area is the $1.18 price per square foot Maverick Townhome Model at Stonesthrow in the in the Hewitt Area neighborhood starting from $1,476. The second greatest value Pennydale apartment is the 2BR/2 BA (Non-Balcony) Model at Thomas Estates starting at $1,250 with a $1.09 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stonesthrow | Maverick Townhome | 3BR,2BA | $1.18 |
| Thomas Estates | 2BR/2 BA (Non-Balcony) | 2BR,2BA | $1.09 |
| 2909 Spring Garden St, Unit 2909-C | 2909 Spring Garden St | 3BR,2BA | $1.14 |
| Campus Crossing Spring Garden | Designer Style 3 Bed X 2 Bath - Patio | 3BR,2BA | $0.60 |
| The Arbors | The Beech | 2BR,1BA | $1.07 |
| Sedgefield Square | The Fisher | 2BR,2BA | $1.29 |
| Abbington Place Apartments | Bridford | 1BR,1BA | $1.32 |
| Millbrook Apartments | 1 Bedroom 1 Bath Classic | 1BR,1BA | $1.25 |
| Village Walk Apartments | 1BR - 1BTH | 1BR,1BA | $1.27 |
| The Retreat | The Ashland | 1BR,1BA | $1.23 |
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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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.
Pet Friendly LifestylePennydale, Greensboro, NC
Ranked #26
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $755, while the average apartment in Pennydale costs $1,540.
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 16 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 $211 which is $1,329 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

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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.