
Cheap Homes for Rent in Penfield, NY from $1,000 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Penfield.


420 Rosewood Terrace

35 Terrel Dr, Unit 2
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.

35 Terrel Dr, Unit 4

16 Chatfield St, Unit Apartment

508 1/2 Garfield St
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.
Penfield, NY Local Guide

How much does it cost to rent a home in Penfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penfield 2 Bedroom Homes for Rent | $2,403 | $1,000 | $2,995 |
| Penfield 3 Bedroom Homes for Rent | $2,435 | $1,300 | $3,300 |
| Penfield 4 Bedroom Homes for Rent | $3,272 | $2,300 | $5,500 |
| Penfield 6 Bedroom Homes for Rent | $2,650 | $2,400 | $2,900 |
Browse Top Homes for Rent in Penfield
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Penfield, NY Local Guide
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Cheapest Available Penfield Apartments for Rent and Nearby
 The cheapest available apartment rental in Penfield, NY is a 1 Bed unit found at Pittsford Garden Apartment Homes in the Outer Brighton Fairport neighborhood priced from $1,185. Waverlywood Apartments and Townhomes in the Webster neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,285. Here is today’s list of the most affordable Penfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pittsford Garden Apartment Homes | One Bedroom w/ Den- 673 sqft | 1BR,1BA | $1,185 |
| Waverlywood Apartments and Townhomes | One Bedroom- 900 sqft | 1BR,1BA | $1,285 |
| Country Manor Apartment Homes | Two Bedroom | 2BR,1BA | $1,305 |
Best Value Apartments for Rent in Penfield, NY and Nearby
As of June 23, 2026 the best value apartment in the Penfield area is the $1.62 price per square foot Brittany Woods 3 BR 2.5 BA Townhome Model at Brittany Woods Townhomes in the in the Webster neighborhood starting from $2,700. The second greatest value Penfield apartment is the New 3-Bed, 2.5-Bath Townhomes with 2 car Garag... Model at Fourmile Creek starting at $2,550 with a $1.59 price per square foot . Here is today’s list of the best values for Penfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brittany Woods Townhomes | Brittany Woods 3 BR 2.5 BA Townhome | 3BR,2.5BA | $1.62 |
| Fourmile Creek | New 3-Bed, 2.5-Bath Townhomes with 2 car Garag... | 3BR,2.5BA | $1.59 |
| Waverlywood Apartments and Townhomes | Two Bedroom 1.5 Bath Townhome- 1,300 sqft | 2BR,1.5BA | $1.54 |
| The Bellagio - Waterfront Marina Living | Mountains View - Balcony 2B/2BA | 2BR,2BA | $1.90 |
| Empire Blvd. Estates | 3 | 1BR,1.5BA | $1.92 |
| Whitney Ridge Apartments | 2 Bedroom | 2BR,1BA | $1.48 |
| Pittsford Garden Apartment Homes | Two Bedroom | 2BR,1BA | $1.85 |
| Country Manor Apartment Homes | Two Bedroom | 2BR,1BA | $1.74 |
| Penfield Village Apartment Homes | Two Bedroom- 780 sqft | 2BR,1BA | $1.74 |
| Webster Manor Apartment Homes | One Bedroom- 707 sqft | 1BR,1BA | $1.97 |
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.
Best Local Schools in Penfield, NY
Scribner Road Elementary School
Penfield Senior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Penfield
What type of rentals are currently available in Penfield?
There are currently 164 Apartments for Rent in Penfield, NY with pricing that ranges from $758 to $4,400. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penfield ranging from $1,000 to $5,500.
What is the current price range for Rental Homes in Penfield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penfield ranges from $1,000 to $5,500 with an average monthly rent of $2,549.
How much are larger Three and Four Bedroom Rentals in Penfield?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penfield range from $1,127 to $4,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,300. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $1,333.
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

Beyond the Finger Lakes: Unveiling Rochester's 7 Best-Value Neighborhoods to Rent
Written by: Patrick Ryan
There has never been a better time to live in Rochester. Also known as the Young Lion of the West and Flower City, Rochester is an underrated living space within the gorgeous Finger Lakes region.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.