Cheap Apartments for Rent in the Penningtom Bend Neighborhood of Nashville, TN from $800 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Penningtom Bend area of Nashville.

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Penningtom Bend, Nashville, TN Local Guide

Cheapest Available Penningtom Bend Apartments for Rent

 

The cheapest available apartment rental in the Penningtom Bend area of Nashville, TN is a 1 Bed unit found at Gibson Creek Apartments priced from $895. Madison Flats has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Penningtom Bend apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
Gibson Creek Apartments1X11BR,1BA$895
Madison FlatsThe CarterStudio,1BA$899
200 WebsterA11BR,1BA$910
Bellewood Park Apartments1 Bed, 1 bath1BR,1BA$915
Crossings at East NashvilleA1 - 1Bed, 1Bath1BR,1BA$930

Best Value Apartments for Rent in Penningtom Bend, TN

As of December 29, 2025 the best value apartment in the Penningtom Bend area is the $1.30 price per square foot B2 Model at The Yarra in the in the Music Valley neighborhood starting from $2,304. The second greatest value Penningtom Bend apartment is the 3 Garden flat Model at Berkley Hills starting at $1,695 with a $1.45 price per square foot in the Music Valley neighborhood. Here is today’s list of the best values for Penningtom Bend apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The YarraB23BR,3.5BA$1.30
Berkley Hills3 Garden flat3BR,2BA$1.45
Rothwood Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.22
Highland Ridge Apartments1bdrm Deluxe w/ bonus room!1BR,1BA$1.33
Falcon View Apartments1 Bedroom 1 Bathroom1BR,1BA$1.33
Ascent East1A-Mid-P1BR,1BA$1.60
200 WebsterB12BR,1BA$1.83
Crossings at East NashvilleA2 - 1Bed, 1Bath1BR,1.5BA$1.43
Bellewood Park Apartments1 Bed, 1 bath1BR,1BA$1.37
Gibson Creek Apartments1X11BR,1BA$1.36

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
Penningtom Bend, Nashville, TN

Ranked #105

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Penningtom Bend Apartments

What is a cheap apartment in Penningtom Bend?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penningtom Bend is under $1,250.

What is the price of a cheap apartment in Penningtom Bend?

The cheapest apartment in Penningtom Bend is Gibson Creek Apartments which is listed at $895, while the average apartment in Penningtom Bend costs $3,787.

What types of apartments are the cheapest in Penningtom Bend?

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 46 regular apartments in Penningtom Bend 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 Penningtom Bend?

Cheap apartments in Penningtom Bend have an average cost of $328 which is $3,459 cheaper than the average rent for all rentals in Penningtom Bend.

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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A Nashville Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

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I’m Brandie, your ApartmentHomeLiving.com local expert for Nashville, Tennessee.

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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

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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.