
Cheap Apartments for Rent in Penfield, PA from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Penfield.


Forest Hills Apartments

Turtle Creek Apartments at Toftrees

University Terrace Apartments

The Canyon

Addison Court 55+ Living

Brickwork Properties Communities
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.

774 Beaver Branch Rd

Regency Commons

302 S 11th St

116 S 2nd St

950 Wayne Ave

233 N Ridge St

1489 Washington Ave
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.

1102 17th Ave

718 Hannah St

615 Bigler Ave

1330 Charles St

Ridgewood Greene

511 Calder

413 Rhett Lane
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Penfield, PA Local Guide

How much does it cost to rent an apartment in Penfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penfield Studio Apartments | $1,398 | $1,010 | $1,919 |
| Penfield 1 Bedroom Apartments | $1,156 | $510 | $2,399 |
| Penfield 2 Bedroom Apartments | $1,680 | $250 | $3,500 |
| Penfield 3 Bedroom Apartments | $1,433 | $750 | $4,500 |
| Penfield 4 Bedroom Apartments | $1,222 | $629 | $1,700 |
Browse Top Apartments in Penfield
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Penfield, PA Local Guide
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Cheapest Available Penfield Apartments for Rent and Nearby
 The cheapest available apartment rental in Penfield, PA is a 1 Bed unit found at Eagle Park Apartments – Clarion's Premier Student & Professional Housing priced from $510. Forest Hills Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $790. Here is today’s list of the most affordable Penfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eagle Park Apartments – Clarion's Premier Student & Professional Housing | Limestone | 1BR,1BA | $510 |
| Forest Hills Apartments | Two Bedroom | 2BR,1BA | $790 |
| University Terrace Apartments | Efficiency unfurnished | Studio,1BA | $1,050 |
| Haus | 3x2 Shared | 3BR,2BA | $1,054 |
| Park Hill | 2x1 Shared | 2BR,1BA | $1,084 |
Best Value Apartments for Rent in Penfield, PA and Nearby
As of May 01, 2026 the best value apartment in the Penfield area is the $0.81 price per square foot Two Bedroom + Den Model at Wolf Run in the starting from $1,600. The second greatest value Penfield apartment is the 3BR/3.5BA - Standard - Upgraded Unfurnished Model at State College Collective on Farmstead starting at $765 with a $0.44 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. |
|---|---|---|---|
| Wolf Run | Two Bedroom + Den | 2BR,2.5BA | $0.81 |
| State College Collective on Farmstead | 3BR/3.5BA - Standard - Upgraded Unfurnished | 3BR,3.5BA | $0.44 |
| State College Collective on Aaron | 3BR/3.5BR - Furnished - C | 3BR,3.5BA | $0.46 |
| oLiv Highland | 4x2 Lite | 4BR,2BA | $1.06 |
| State College Collective on Northbrook | 2BR/2.5BA - Furnished | 2BR,2.5BA | $0.79 |
| Ridgewood Greene | 3 Bedroom Unit | 3BR,1.5BA | $0.90 |
| The Villas at Happy Valley | 3x3.5 Townhome | 3BR,3.5BA | $0.61 |
| Haus | 3x2 Shared | 3BR,2BA | $1.02 |
| The Bryn | 3BR/2BA | 3BR,2BA | $0.78 |
| Altoona Student Housing | 1 Bed | 1BR,1BA | $0.46 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 Penfield, PA Rentals by Map
See the most popular apartments and homes in Penfield, PA
Frequently Asked Questions about Cheap Penfield Apartments
What is the Cheapest Studio apartment in Penfield?
Currently the most affordable Cheap Studio Apartment in Penfield is at University Terrace Apartments listed at $1,050.
How much is rent for a Cheap One Bedroom Penfield Apartment?
The lowest price for a Cheap One Bedroom Penfield Apartment is $510 at Eagle Park Apartments – Clarion's Premier Student & Professional Housing.
What is the lowest price for a Cheap Two Bedroom Penfield Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Penfield is starting from $790 at Forest Hills Apartments.
What is the most affordable Penfield Three Bedroom Apartment?
The best deal on a cheap Penfield Three Bedroom Apartment rental is at State College Collective on Farmstead and starts from $735.
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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.