Cheap Apartments for Rent in Penhook, VA from $700 (38 Rentals)

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

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Frontier Apartments
$799 - $1,499
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$799 - $1,499

Total Monthly Price
$799 - $1,499
1 to 2 Bedroom Apartments Contact Us For Availability

Frontier Apartments

4302-4410 Plantation Rd NERoanoke, VA 24012
Affordability
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Stone Ridge Apartments
$915 - $995
Total Monthly Price12 Month Lease Term

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Base Rent
$915 - $995

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1 to 2 Bedroom Apartments Available Now

Stone Ridge Apartments

3715 Parliament Rd SWRoanoke, VA 24014
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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.

property at 113 Meadow Green Rd

$575

Total Monthly Price

Total Monthly Price

Base Rent
$575

Total Monthly Price
$575

1 Bedroom, 1 Bath Condo for Rent

Available Now

113 Meadow Green Rd

BassettVA24055
property at 1628 Rivermont Hts Rd

$575

Total Monthly Price

Total Monthly Price

Base Rent
$575

Total Monthly Price
$575

1 Bedroom, 1 Bath Home for Rent

Available Now

1628 Rivermont Hts Rd

MartinsvilleVA24112
property at 2712 Rakes Rd

$650

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

Studio, 1 Bath Home for Rent

Available Now

2712 Rakes Rd

Rocky MountVA24151

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property at 215 Nolens Hill Rd

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 1 Bath Home for Rent

Available Now

215 Nolens Hill Rd

FerrumVA24088
property at 305 Granville St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

305 Granville St

MartinsvilleVA24112
property at 823 Main St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

2 Bedroom, 1 Bath Home for Rent

Available Now

823 Main St

AltavistaVA24517
property at 400-402 Amherst Ave

$795

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

2 Bedroom, 1 Bath Townhome for Rent

Available Now

400-402 Amherst Ave

AltavistaVA24517
property at 1789 Stultz Rd

$800

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

2 Bedroom, 1 Bath Home for Rent

Available Now

1789 Stultz Rd

MartinsvilleVA24112
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2001 Lynn Ave
1 to 2 Bedroom Apartments

2001 Lynn Ave

2001 Lynn Ave SWRoanoke, VA 24014
  • Utilities Included
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Fayette Street Lofts
1 Bedroom Apartments

Fayette Street Lofts

62 Fayette StreetMartinsville, VA 24112
Corporate Housing
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The Everett
1 to 3 Bedroom Apartments

The Everett

4301 Garst Mill RdRoanoke, VA 24018
  • Utilities Included

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

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property at 155 Valentine Dr

$895

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 2 Bath Home for Rent

Available Jun 15

155 Valentine Dr

Lynch StationVA24571
property at 814 York St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

814 York St

MartinsvilleVA24112
property at 92 Cooks Park Dr

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

3 Bedroom, 2 Bath Home for Rent

Available Now

92 Cooks Park Dr

FerrumVA24088
property at 16 Church Ave SW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

Studio, 0.5 Bath Home for Rent

Available Aug 1

16 Church Ave SW

RoanokeVA24011
property at 5109 Dry Fork Rd

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

5109 Dry Fork Rd

Dry ForkVA24549
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115 Elm Ave SW
1 to 2 Bedroom Apartments

115 Elm Ave SW

115 Elm Ave SWRoanoke, VA 24016
  • Utilities Included
property at 425 Campbell Ave SW

$995 - $1,125

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom Rentals

Available Now

425 Campbell Ave SW

RoanokeVA24016
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58 West Apartments
2 Bedroom Apartments

58 West Apartments

12265 Martinsville HwyDanville, VA 24541
  • Utilities Included

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.

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3rd,SW,1401
1 Bedroom Apartments

3rd,SW,1401

1401 3rd St SWRoanoke, VA 24016
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301 Gilmer Ave
Studio to 2 Bedroom Apartments

301 Gilmer Ave

301 Gilmer AveRoanoke, VA 24016

Penhook, VA Local Guide

Cheapest Available Penhook Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penhook, VA is a 1 Bed unit found at 100 Marshall Way priced from $795. 74-78 Halifax Dr has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Penhook apartments for rent:

Apartment ListingModel NameBed/BathPriced From
100 Marshall Way1 Bedroom1BR,1BA$795
74-78 Halifax Dr1Br/1Ba1BR,1BA$800
Hill Court Apartments2 Bed 1 Bath2BR,1BA$875
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$895
Stone Ridge Apartments1BR/1.0BA1BR,1BA$915
Chief TasselOne Bed - Unfurnished1BR,1BA$945
631 Campbell Ave LLC - Residential1BR/1.0BA1BR,1BA$995
Mount Pleasant Villas1x11BR,1BA$999
ONE Ellsworth1BR/1.0BA1BR,1BA$1,005
3rd,SW,14011BR/1.0BA1BR,1BA$1,025

Best Value Apartments for Rent in Penhook, VA and Nearby

As of June 14, 2026 the best value apartment in the Penhook area is the $1.30 price per square foot 3 Bedroom, 2 Bath Model at Windy Hill Key in the in the Southern Hills neighborhood starting from $1,611. The second greatest value Penhook apartment is the Renovated Two Bedroom Two Bathroom Model at Glade Creek (I) starting at $1,555 with a $1.32 price per square foot in the Monterey neighborhood. Here is today’s list of the best values for Penhook apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Windy Hill Key3 Bedroom, 2 Bath3BR,2BA$1.30
Glade Creek (I)Renovated Two Bedroom Two Bathroom2BR,2BA$1.32
Westmont Apartments2BR2BR,2BA$1.31
Bent Tree2 BEDROOM2BR,1BA$1.22
Gardens At Grandin - II2BR/1.0BA2BR,1BA$1.07
The Everett2 Bed, 1 Bath A Standard2BR,1BA$1.39
Liberty Manor Apartments2 Bed 1 Bath2BR,1BA$1.32
100 Marshall Way1 Bedroom1BR,1BA$0.88
74-78 Halifax Dr1Br/1Ba1BR,1BA$1.23
Stone Ridge Apartments1BR/1.0BA1BR,1BA$1.46

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.

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Real 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 Cheap Penhook Apartments

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

The lowest price for a Cheap One Bedroom Penhook Apartment is $795 at 100 Marshall Way.

What is the lowest price for a Cheap Two Bedroom Penhook Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Penhook is starting from $875 at Hill Court Apartments.

What is the most affordable Penhook Three Bedroom Apartment?

The best deal on a cheap Penhook Three Bedroom Apartment rental is at Hill Court Apartments and starts from $999.

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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.