
Cheap Apartments for Rent in the Pennydale Neighborhood of Greensboro, NC from $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Pennydale area of Greensboro.


2407 Spring Garden St

Pepper Tree Apartments

Village Walk Apartments
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.

2515 Spring Garden St
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.
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 | $1,108 | $750 | $1,701 |
Pennydale 2 Bedroom Apartments | $1,218 | $900 | $1,891 |
Pennydale 3 Bedroom Apartments | $1,361 | $605 | $2,035 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Pennydale Neighborhood of Greensboro, NC.
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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 $750. 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 | $750 |
Pepper Tree Apartments | 1BR/1BA | 1BR,1BA | $835 |
Village Walk Apartments | 1BR - 1BTH | 1BR,1BA | $850 |
The Arbors | The Rosewood | 1BR,1BA | $860 |
Retreat at Copper Creek - SMP | 1X1 Winston | 1BR,1BA | $925 |
Best Value Apartments for Rent in Pennydale, NC
As of October 15, 2025 the best value apartment in the Pennydale area is the $1.10 price per square foot 3BR/2 BA Model at Thomas Estates in the in the Hewitt Area neighborhood starting from $1,400. The second greatest value Pennydale apartment is the 3 Bed 2 Bath Pine Model at The Residences at 1805 starting at $1,240 with a $1.13 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. |
---|---|---|---|
Thomas Estates | 3BR/2 BA | 3BR,2BA | $1.10 |
The Residences at 1805 | 3 Bed 2 Bath Pine | 3BR,2BA | $1.13 |
Campus Crossing Spring Garden | Designer Style 3 Bed X 2 Bath - Patio | 3BR,2BA | $0.60 |
Legacy at Sedgefield | Two Bedroom Townhome - B | 2BR,1.5BA | $1.09 |
Hanover Terrace | 2 Bedroom | 2BR,2BA | $1.06 |
Sedgefield Square | The Fisher | 2BR,2BA | $1.29 |
Abbington Place Apartments | Hilltop | 1BR,1BA | $1.28 |
Stonesthrow Apartment Homes | Addison | 1BR,1BA | $1.29 |
Village Walk Apartments | 1BR - 1BTH | 1BR,1BA | $1.27 |
The Retreat | The Ashland | 1BR,1BA | $1.27 |
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Pet Friendly LifestylePennydale, Greensboro, NC
Ranked #23
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.
Getting Around the Pennydale Neighborhood in Greensboro, NC
Walk Score®
68 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
42 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $750, while the average apartment in Pennydale costs $1,379.
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 11 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 $245 which is $1,134 cheaper than the average rent for all rentals in Pennydale.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.