
Cheap Homes for Rent in Pennydale Neighborhood of Greensboro, NC from $900 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Pennydale area of Greensboro.


4118 Causey St

4302 Hilltop Rd

914 Fir Pl

3923 Overland Hts
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.

4326 Trinity Ave

3909 Overland Hts

2615 Vanstory St

2702 Wildwood Dr

4702 Pennoak Ln
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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.

3510 Groometown Rd

4336 Edith Ln

4700 Chaucer Dr

Furnished Studio-Greensboro - Wendover Ave. - Big Tree Way

1100 Willowbrook Dr, Unit EP
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.

3008 Peebles Dr
Pennydale, Greensboro, NC Local Guide

How much does it cost to rent a home in Pennydale?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pennydale 2 Bedroom Homes for Rent | $1,454 | $995 | $2,150 |
| Pennydale 3 Bedroom Homes for Rent | $1,736 | $1,200 | $2,250 |
| Pennydale 4 Bedroom Homes for Rent | $1,907 | $1,545 | $2,165 |
| Pennydale 5 Bedroom Homes for Rent | $2,480 | $2,480 | $2,480 |
Browse Homes for Rent in this Neighborhood
There are currently 16 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 $735. 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 | $735 |
| Pepper Tree Apartments | 1BR/1BA | 1BR,1BA | $835 |
| Village Walk Apartments | 1BR - 1BTH | 1BR,1BA | $850 |
| Wendover River Oaks | Latham | 1BR,1BA | $911 |
| Retreat at Copper Creek - SMP | 1X1 Winston | 1BR,1BA | $925 |
Best Value Apartments for Rent in Pennydale, NC
As of January 08, 2026 the best value apartment in the Pennydale area is the $1.00 price per square foot The Cyprus Model at The Arbors in the in the Madison Woods neighborhood starting from $1,145. 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. |
|---|---|---|---|
| The Arbors | The Cyprus | 3BR,1BA | $1.00 |
| 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 |
| Legacy at Sedgefield | Two Bedroom Townhome - B | 2BR,1.5BA | $1.09 |
| Sedgefield Square | The Fisher | 2BR,2BA | $1.29 |
| The Residences at 1805 | 2 Bed 1 Bath Birch | 2BR,1BA | $1.10 |
| Stonesthrow | Addison 1 | 1BR,1BA | $1.29 |
| Village Walk Apartments | 1BR - 1BTH | 1BR,1BA | $1.27 |
| The Retreat | The Ashland | 1BR,1BA | $1.24 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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
Frequently Asked Questions about Pennydale
What type of rentals are currently available in Pennydale?
There are currently 93 Apartments for Rent in Pennydale, NC with pricing that ranges from $605 to $2,050. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennydale ranging from $995 to $2,480.
What is the current price range for Rental Homes in Pennydale?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Pennydale ranges from $995 to $2,480 with an average monthly rent of $1,894.
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.