
Cheap Homes for Rent in Pennydale Neighborhood of Greensboro, NC from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Pennydale area of Greensboro.


2720 Gwaltney Rd

1100 Willowbrook Dr, Unit EP, Unit EP
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.

4310 Cornell Ave

2606 Pennoak Way

4336 Edith Ln, Unit H, Unit H
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.

16 Raelans Cir
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 | $1,523 | $1,295 | $1,795 |
| Pennydale 3 Bedroom Homes for Rent | $1,769 | $1,300 | $2,110 |
| Pennydale 4 Bedroom Homes for Rent | $2,035 | $1,995 | $2,075 |
| Pennydale 5 Bedroom Homes for Rent | $2,770 | $2,770 | $2,770 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 $755. The Arbors has the second lowest priced unit, which is a 1 Bed apartment currently listed from $823. 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 |
| The Arbors | The Rosewood | 1BR,1BA | $823 |
| Village Walk Apartments | 1BR - 1BTH | 1BR,1BA | $850 |
Best Value Apartments for Rent in Pennydale, NC
As of April 18, 2026 the best value apartment in the Pennydale area is the $0.60 price per square foot The Bradford (Stand Alone) Model at WestVue in the in the Madison Woods neighborhood starting from $830. The second greatest value Pennydale apartment is the 3BR/2 BA Model at Thomas Estates starting at $1,400 with a $1.10 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. |
|---|---|---|---|
| WestVue | The Bradford (Stand Alone) | 2BR,2.5BA | $0.60 |
| Thomas Estates | 3BR/2 BA | 3BR,2BA | $1.10 |
| 600 Station Square Apartments | 2BR | 2BR,2BA | $1.16 |
| 2909 Spring Garden St, Unit 2909-B | 2909 Spring Garden St | 2BR,2BA | $1.05 |
| Legacy Sedgefield Townhomes | 2BR - 1.5BTH TH PR | 2BR,1.5BA | $1.09 |
| Abbington Place Apartments | Hilltop | 1BR,1BA | $1.25 |
| Residences at 1805 | 2 BR 1 BTH Classic | 2BR,1BA | $1.10 |
| Hanover Terrace | 1 Bedroom | 1BR,1BA | $1.26 |
| The Retreat | The Ashland | 1BR,1BA | $1.23 |
| The Arbors | The Rosewood | 1BR,1BA | $1.27 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 #32
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 91 Apartments for Rent in Pennydale, NC with pricing that ranges from $629 to $1,954. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennydale ranging from $800 to $2,770.
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 $800 to $2,770 with an average monthly rent of $1,804.
How much are larger Three and Four Bedroom Rentals in Pennydale?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Pennydale range from $629 to $1,954, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,110. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $669.
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.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.