Cheap Apartments for Rent in the Pennydale Neighborhood of Greensboro, NC from $500 (12 Rentals)

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

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Colts Run Apartments
2 Bedroom Apartments

Colts Run Apartments

2611 Merritt DrGreensboro, NC 27407
  • Utilities Included

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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The Heights Townhomes
2 Bedroom Apartments

The Heights Townhomes

3802 Overland HtsGreensboro, 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
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The Arbors
1 to 3 Bedroom Apartments

The Arbors

4019 Hewitt StGreensboro, NC 27407

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.

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. 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 ListingModel NameBed/BathPriced From
The RetreatThe Ayers1BR,1BA$755
Pepper Tree Apartments1BR/1BA1BR,1BA$835
Village Walk Apartments1BR - 1BTH1BR,1BA$850
Millbrook Apartments1 Bedroom 1 Bath Classic1BR,1BA$875
Retreat at Copper Creek - SMP1X1 Winston1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
StonesthrowMaverick Townhome3BR,2BA$1.18
Thomas Estates2BR/2 BA (Non-Balcony)2BR,2BA$1.09
2909 Spring Garden St, Unit 2909-C2909 Spring Garden St3BR,2BA$1.14
Campus Crossing Spring GardenDesigner Style 3 Bed X 2 Bath - Patio3BR,2BA$0.60
The ArborsThe Beech2BR,1BA$1.07
Sedgefield SquareThe Fisher2BR,2BA$1.29
Abbington Place ApartmentsBridford1BR,1BA$1.32
Millbrook Apartments1 Bedroom 1 Bath Classic1BR,1BA$1.25
Village Walk Apartments1BR - 1BTH1BR,1BA$1.27
The RetreatThe Ashland1BR,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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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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Pet Friendly Lifestyle
Pennydale, Greensboro, NC

Ranked #26

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 $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

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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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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.

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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.

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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.