Cheap Apartments for Rent in the Pennydale Neighborhood of Greensboro, NC from $500 (54 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 3923 Overland Hts

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3923 Overland Hts

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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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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Colts Run Apartments
2 Bedroom Apartments

Colts Run Apartments

2611 Merritt DrGreensboro, NC 27407
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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
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Bella Vista Apartments
2 Bedroom Apartments

Bella Vista Apartments

1827-1843 Merritt DrGreensboro, NC 27407
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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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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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Millbrook Apartments
1 to 2 Bedroom Apartments

Millbrook Apartments

1016-1101 E Barton StGreensboro, NC 27407
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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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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 $765. Village Walk Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Pennydale apartments for rent in Greensboro, NC:

Apartment ListingModel NameBed/BathPriced From
The RetreatThe Ayers1BR,1BA$765
Village Walk Apartments1BR - 1BTH1BR,1BA$850
The ArborsThe Beech2BR,1BA$851
Pepper Tree Apartments1BR/1BA1BR,1BA$865
NottinghamNottingham Apartments1BR,1BA$925
Retreat at Copper Creek - SMP1X1 Winston1BR,1BA$925
Sedgefield SquareThe Tate1BR,1BA$940
Wendover River OaksLatham1BR,1BA$941
Cedar TracePrimrose1BR,1BA$965
Sedgefield GardensModel 1A1BR,1BA$980

Best Value Apartments for Rent in Pennydale, NC

As of June 02, 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 2BR Model at 600 Station Square Apartments starting at $1,399 with a $1.16 price per square foot in the Madison Woods 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
600 Station Square Apartments2BR2BR,2BA$1.16
The ArborsThe Cyprus3BR,1BA$1.12
Thomas Estates2BR/2 BA (Non-Balcony)2BR,2BA$1.09
2909 Spring Garden St, Unit 2909-B2909 Spring Garden St2BR,2BA$1.02
Legacy Sedgefield Townhomes2BR - 1.5BTH TH PR2BR,1.5BA$1.09
Hunters ChaseThe Ivy2BR,2BA$1.26
Residences at 18052 BR 1 BTH Classic2BR,1BA$1.14
Village Walk Apartments1BR - 1BTH1BR,1BA$1.27
The RetreatThe Ashland1BR,1BA$1.25

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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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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Pet Friendly Lifestyle
Pennydale, Greensboro, NC

Ranked #29

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

What is the price of a cheap apartment in Pennydale?

The cheapest apartment in Pennydale is The Retreat which is listed at $765, while the average apartment in Pennydale costs $1,649.

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 49 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 $451 which is $1,198 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

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.