
Cheap Homes for Rent near Penfield, PA from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Penfield.


807 6th Ave

110 S Lloyd St

317 Turnpike Ave

161 Pentagon Cir

652 Sixth St.
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1330 Charles St

18 Monument Orviston Rd

906 Johnson Ave

339 S Fairview St

5535 PA-155

250 Virgin Alley
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Penfield, PA 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 | $1,531 | $895 | $2,400 |
| Penfield 3 Bedroom Homes for Rent | $1,842 | $795 | $3,300 |
| Penfield 4 Bedroom Homes for Rent | $2,209 | $999 | $3,200 |
| Penfield 5 Bedroom Homes for Rent | $1,876 | $1,876 | $1,876 |
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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 2 Beds unit found at Echelon State College priced from $250. Eagle Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $510. Here is today’s list of the most affordable Penfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Echelon State College | Buckeye B1 (INC)- 2x1 | 2BR,1BA | $250 |
| Eagle Park Apartments | Limestone | 1BR,1BA | $510 |
| Forest Hills Apartments | Two Bedroom | 2BR,1BA | $790 |
| Brickwork Properties Communities | 1 Bedroom, 1 Bath | 1BR,1BA | $1,198 |
| Vairo Village | Studio | Studio,1BA | $1,338 |
Best Value Apartments for Rent in Penfield, PA and Nearby
As of July 31, 2026 the best value apartment in the Penfield area is the $0.69 price per square foot Two Bedroom Model at Wolf Run in the starting from $1,300. The second greatest value Penfield apartment is the 3x3.5 Townhome Model at The Villas at Happy Valley starting at $775 with a $0.62 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 | 2BR,1.5BA | $0.69 |
| The Villas at Happy Valley | 3x3.5 Townhome | 3BR,3.5BA | $0.62 |
| Tremont | 4BR/2BA | 4BR,2BA | $0.55 |
| The Bryn | 3BR/2BA | 3BR,2BA | $0.78 |
| The Pointe at State College | 3 Bedroom/3 Bath | 3BR,3BA | $0.86 |
| Altoona Student Housing | 1 Bed | 1BR,1BA | $0.46 |
| Park Crest Terrace | 2 Beds, 2 baths | 2BR,2BA | $1.78 |
| Forest Hills Apartments | Two Bedroom | 2BR,1BA | $1.13 |
| Brickwork Properties Communities | 1 Bedroom, 1 Bath | 1BR,1BA | $1.79 |
| Echelon State College | Buckeye B1 (INC)- 2x1 | 2BR,1BA | $0.37 |
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.
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Frequently Asked Questions about Penfield
What type of rentals are currently available in Penfield?
There are currently 58 Apartments for Rent in Penfield, PA with pricing that ranges from $250 to $4,221. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penfield ranging from $550 to $3,300.
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 $550 to $3,300 with an average monthly rent of $1,647.
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 $775 to $4,221, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $3,300. Four Bedroom Single-Family rentals are also available starting from $999 and Four Bedroom Apartments start at $595.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.