Cheap Apartments for Rent in Penfield, PA from $500 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in Penfield.

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.

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property at 301 Grand Ave

301 Grand Ave

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Penfield, PA Local Guide

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 priced from $550. Wehnwood Court Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Penfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle Park ApartmentsSmall Studio w/AC1BR,1BA$550
Wehnwood Court ApartmentsModel SS2BR,2BA$700
State College Collective on Farmstead3BR/3.5BA - Standard - Unfurnished3BR,3BA$715
Hyman Hills ApartmentsTwo Bedroom2BR,1BA$790
Park Hill2x1 Shared2BR,1BA$999

Best Value Apartments for Rent in Penfield, PA and Nearby

As of September 09, 2025 the best value apartment in the Penfield area is the $0.44 price per square foot 3BR/3.5BA - Standard - Upgraded Furnished Model at State College Collective on Farmstead in the starting from $765. The second greatest value Penfield apartment is the 3x3.5 Townhome Model at The Villas at Happy Valley starting at $765 with a $0.61 price per square foot . Here is today’s list of the best values for Penfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
State College Collective on Farmstead3BR/3.5BA - Standard - Upgraded Furnished3BR,3.5BA$0.44
The Villas at Happy Valley3x3.5 Townhome3BR,3.5BA$0.61
Wolf Run Manor TownhomesPlatinum2BR,1.5BA$1.28
Wehnwood Court ApartmentsModel - D4BR,1.5BA$0.83
The View2x2 Standard2BR,2BA$1.00
Altoona Student Housing1 Bed1BR,1BA$0.46
Park Hill2x1 Shared2BR,1BA$1.07
The Bryn2BR/2BA2BR,2BA$1.17
Tremont2BR/2BA2BR,2BA$1.26
Hyman Hills ApartmentsTwo Bedroom2BR,1BA$1.13

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Penfield Apartments

How much is rent for a Cheap One Bedroom Penfield Apartment?

The lowest price for a Cheap One Bedroom Penfield Apartment is $550 at Eagle Park Apartments.

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 $700 at Wehnwood Court 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 $715.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.