
Cheap Homes for Rent in Penfield, NY from $800 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Penfield.


18 Deland Park a

625 Shelford Rd, Unit 1

333 Rosewood Terrace

508 1/2 Garfield St

16 Chatfield St, Unit Apartment
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

2680 Highland Ave

60 Vinal Ave

37 Penhurst Rd

1079 Garson Ave

1012 Bay Rd
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.

109 Bedford St

145 MacBeth St

1400 East Ave

206 Farmington Rd

2415 East Ave, Unit 4, Unit 4

176 Merwin Ave
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 | $2,537 | $1,850 | $4,000 |
| Penfield 3 Bedroom Homes for Rent | $2,533 | $1,600 | $3,900 |
| Penfield 4 Bedroom Homes for Rent | $3,183 | $2,200 | $4,500 |
| Penfield 5 Bedroom Homes for Rent | $850 | $850 | $850 |
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 Country Manor Apartment Homes in the Webster neighborhood priced from $1,200. Pittsford Garden Apartment Homes in the Outer Brighton Fairport neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,220. Here is today’s list of the most affordable Penfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Country Manor Apartment Homes | One Bedroom | 1BR,1BA | $1,200 |
| Pittsford Garden Apartment Homes | One Bedroom- 390 sqft | 1BR,1BA | $1,220 |
| Creek Hill Apartment Homes | Two Bedroom - 865 sqft | 2BR,1BA | $1,265 |
| Oakwood Manor Apartments | 2 Bedroom | 2BR,1BA | $1,354 |
| Webster Manor Apartment Homes | Two Bedroom- 1,010 sqft | 2BR,1BA | $1,375 |
Best Value Apartments for Rent in Penfield, NY and Nearby
As of May 09, 2026 the best value apartment in the Penfield area is the $1.59 price per square foot New 3-Bed, 2.5-Bath Townhomes with 2 car Garag... Model at Fourmile Creek Apartments and Townhomes in the starting from $2,550. The second greatest value Penfield apartment is the Vernon III Townhome Model at Summit Knolls Apartments and Townhomes starting at $2,095 with a $1.54 price per square foot in the Webster neighborhood. 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. |
|---|---|---|---|
| Fourmile Creek Apartments and Townhomes | New 3-Bed, 2.5-Bath Townhomes with 2 car Garag... | 3BR,2.5BA | $1.59 |
| Summit Knolls Apartments and Townhomes | Vernon III Townhome | 3BR,1.5BA | $1.54 |
| Webster Green Apartment Homes | Two Bedroom 2 Bath- 1276 sqft | 2BR,2BA | $1.70 |
| The Bellagio - Waterfront Marina Living | Mountains View - Balcony 2B/2BA | 2BR,2BA | $1.90 |
| Oakmonte Apartment Homes | Camden w/ Garage - Upper Level | 2BR,2BA | $1.62 |
| Terrace Villas Townhomes | Terrace Villas Townhouse | 2BR,1.5BA | $1.81 |
| 142-144 Ohio St, Unit #2 | 142-144 Ohio St | 2BR,1BA | $1.25 |
| Pennwood Apartments | 2x1 | 2BR,1BA | $1.65 |
| Waverlywood Apartments and Townhomes | One Bedroom- 900 sqft | 1BR,1BA | $1.54 |
| Country Manor Apartment Homes | Two Bedroom | 2BR,1BA | $1.74 |
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!
Explore Penfield, NY Rentals by Map
See the most popular apartments and homes in Penfield, NY
Frequently Asked Questions about Penfield
What type of rentals are currently available in Penfield?
There are currently 163 Apartments for Rent in Penfield, NY with pricing that ranges from $758 to $4,569. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penfield ranging from $800 to $4,500.
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 $800 to $4,500 with an average monthly rent of $1,980.
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 $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $3,900. Four Bedroom Single-Family rentals are also available starting from $2,200 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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.