
Cheap Homes for Rent in the Pennydale Neighborhood of Greensboro, NC from $800 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Pennydale area of Greensboro.


2506 Spring Garden St

2600 Spring Garden St

1408 Town St

2605 Hilltop Forest Ct
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.

729 Shelby Dr, Unit B

3117 Darden Rd

4704 Pennoak Ln

2606 Pennoak Way

1901 Merritt Dr
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 a home in Pennydale?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pennydale 2 Bedroom Homes for Rent | $1,457 | $1,095 | $2,500 |
| Pennydale 3 Bedroom Homes for Rent | $1,774 | $1,095 | $2,250 |
| Pennydale 4 Bedroom Homes for Rent | $2,082 | $1,450 | $2,655 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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 $764. 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 | $764 |
| Village Walk Apartments | 1 Bed, 1 Bath | 1BR,1BA | $850 |
Best Value Apartments for Rent in Pennydale, NC
As of July 17, 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 $1,499 with a $1.24 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| WestVue | The Bradford (Stand Alone) | 2BR,2.5BA | $0.59 |
| 600 Station Square Apartments | 2BR | 2BR,2BA | $1.24 |
| Thomas Estates | 2BR/2 BA (Non-Balcony) | 2BR,2BA | $1.09 |
| The Retreat | The Belmont | 2BR,2BA | $1.24 |
| Sedgefield Square | The Fisher | 2BR,2BA | $1.23 |
| Village Walk Apartments | 2 Bed, 2 Bath | 2BR,2BA | $1.07 |
| Wendover At Meadowood | Autumn | 1BR,1BA | $1.18 |
| Carolina Oaks | 1 Bedroom / 1 Bath | 1BR,2BA | $1.33 |
| Hanover Terrace | 1 Bedroom | 1BR,1BA | $1.32 |
| The Arbors | The Rosewood | 1BR,1BA | $1.18 |
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 ArticleReal 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.
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 #31
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 94 Apartments for Rent in Pennydale, NC with pricing that ranges from $600 to $1,999. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennydale ranging from $1,095 to $2,655.
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 $1,095 to $2,655 with an average monthly rent of $1,771.
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 $639 to $1,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,450 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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.