Cheap Apartments for Rent in Penfield, PA from $500 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
close
View Me
511 Calder
7 Bedroom Apartments

511 Calder

511 E Calder WayState College, PA 16801

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-18, Page 1 of 1

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 Student Living in the Downtown Altoona neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $649. 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 Student LivingSuites Single Occupancy1BR,1BA$649
State College Collective on Farmstead3BR/3.5BA - Standard - Furnished3BR,3BA$750
Hyman Hills ApartmentsTwo Bedroom2BR,1BA$790
Addison Court 55+ LivingStudio, 1 bathStudio,1BA$1,011

Best Value Apartments for Rent in Penfield, PA and Nearby

As of July 21, 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 Gold Model at Wolf Run Manor Townhomes starting at $1,500 with a $1.20 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
Wolf Run Manor TownhomesGold2BR,1.5BA$1.20
Vairo Village3 Bedroom - with W/D3BR,2BA$1.71
The View2x2 Standard2BR,2BA$1.00
Altoona Student Housing1 Bed1BR,1BA$0.46
oLiv Hetzel2x2 C2BR,2BA$1.49
The Bryn2BR/2BA2BR,2BA$1.17
Walton Heights2 Bedroom 1 Bathoom Apartment2BR,1BA$1.71
Tremont2BR/2BA2BR,2BA$1.26
Hyman Hills ApartmentsTwo Bedroom2BR,1BA$1.13

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Penfield, PA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Penfield, PA

View MapPenfield, PA Apartments MapView MapPenfield, PA Rental Homes Map

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 $750 at Eagle Park 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 $750.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.