
Cheap Apartments for Rent in Penacook, NH from $1,187 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Penacook.


Province Street Apartments

Hillsborough Heights Apartments

Meadowbrook Apartments

Devonshire Village

77 Rush Road

Woodland Village

The Railyard

Manchester Gardens

The Residences at River Hill
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Pinewood Village

Pembroke Road Apartments

Total Monthly Price
Oak Creek Apartments

25 Canal

The Isabella Apartments

White Rock Living

Colonial Village Apartments

Heritage at the River

Highwood Village

Regency Place Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Woodlawn Apartments

Greenview Village Apartments

Total Monthly Price
Halstead Countryside

Lakeshore Estates

University Heights

Residences at Hadley Falls

15-17 Washington, 17, Unit 17

Vineyard Terrace apartments

Webster Heights

Woodland Commons
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

792 Bunker Rd

Opechee Garden Apartments

14 Gerald Dr

Keewaydin Pines

Kearsarge

319 Chalk Pond Rd

8 Celtic Street

Pines of West Concord

12 Eastman St

71 Front St
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.

65 Rumford Street

Borough Road

120 Fisherville Rd

1545 NH-114

16 Pine St

The Concord Lofts

9 Merrimack Street

Mill Place West

Connect55+ Concord Senior Living 62+

7 Holiday Shr 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.
Penacook, NH Local Guide

How much does it cost to rent an apartment in Penacook?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penacook Studio Apartments | $1,702 | $1,275 | $2,070 |
| Penacook 1 Bedroom Apartments | $1,947 | $1,187 | $2,538 |
| Penacook 2 Bedroom Apartments | $2,220 | $1,422 | $3,500 |
| Penacook 3 Bedroom Apartments | $2,576 | $1,625 | $3,290 |
| Penacook 4 Bedroom Apartments | $3,425 | $3,250 | $3,600 |
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Penacook, NH Local Guide
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Cheapest Available Penacook Apartments for Rent and Nearby
 The cheapest available apartment rental in Penacook, NH is a Studio unit found at 77 Rush Road priced from $1,375. Province Street Apartments in the Briarcrest neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,422. Here is today’s list of the most affordable Penacook apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 77 Rush Road | Studio, 1 bath | Studio,1BA | $1,375 |
| Province Street Apartments | 2BD/1BA/60 | 2BR,1BA | $1,422 |
| Meadowbrook Apartments | 2 Bedroom | 2BR,1BA | $1,500 |
| The Railyard | 2BD/1BA/60 | 2BR,1BA | $1,586 |
| Manchester Gardens | S - B | Studio,1BA | $1,590 |
| The Residences at River Hill | 1 Bedroom | 1BR,1BA | $1,630 |
| Pinewood Village | 1 Bedroom, 2-3rd Floor | 1BR,1BA | $1,650 |
| Pembroke Road Apartments | 2BR1BA | 2BR,1BA | $1,652 |
| Oak Creek Apartments | Oak Creek 2 Bedroom | 2BR,1BA | $1,695 |
| White Rock Living | 1 Bedroom | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Penacook, NH and Nearby
As of August 26, 2026 the best value apartment in the Penacook area is the $1.58 price per square foot 3 Bed 1 Bath Model at Lilac Valley Estates in the in the Briarcrest neighborhood starting from $2,350. The second greatest value Penacook apartment is the 3 Bed 1 Bath Model at Paugus Woods starting at $2,730 with a $1.84 price per square foot in the Meredith Bay neighborhood. Here is today’s list of the best values for Penacook apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lilac Valley Estates | 3 Bed 1 Bath | 3BR,1BA | $1.58 |
| Paugus Woods | 3 Bed 1 Bath | 3BR,1BA | $1.84 |
| Hidden Oak Way | Model Unit (35 Hidden Oak Way-not for rent) | 3BR,1.5BA | $2.16 |
| The Lofts at 93 North | 3 Bed 1 Bath | 3BR,1BA | $2.44 |
| Province Street Apartments | 3BD/1BA/60 | 3BR,1BA | $1.49 |
| Meadowbrook Apartments | 3 Bedroom | 3BR,1BA | $1.83 |
| Pembroke Road Apartments | 2BR1BA | 2BR,1BA | $1.70 |
| The Railyard | 2BD/1BA/60 | 2BR,1BA | $1.85 |
| Oak Creek Apartments | Oak Creek 2 Bedroom | 2BR,1BA | $1.99 |
| Woodlawn Apartments | 2 Bedroom | 2BR,1.5BA | $2.31 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Penacook, NH Rentals by Map
See the most popular apartments and homes in Penacook, NH
Frequently Asked Questions about Cheap Penacook Apartments
What is the Cheapest Studio apartment in Penacook?
Currently the most affordable Cheap Studio Apartment in Penacook is at 77 Rush Road listed at $1,375.
How much is rent for a Cheap One Bedroom Penacook Apartment?
The lowest price for a Cheap One Bedroom Penacook Apartment is $1,630 at The Residences at River Hill.
What is the lowest price for a Cheap Two Bedroom Penacook Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Penacook is starting from $1,422 at Province Street Apartments.
What is the most affordable Penacook Three Bedroom Apartment?
The best deal on a cheap Penacook Three Bedroom Apartment rental is at Province Street Apartments and starts from $1,625.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.