
Cheap Homes for Rent in Penhook, VA from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Penhook.


1040 Chantilly Ln

86 Cooks Park Dr
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.

215 Nolens Hill Rd

7045 Virgil H Goode Hwy

804 14th St
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.

205 Nolens Hill Rd
Penhook, VA Local Guide

How much does it cost to rent a home in Penhook?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penhook 2 Bedroom Homes for Rent | $1,275 | $650 | $2,400 |
| Penhook 3 Bedroom Homes for Rent | $1,718 | $1,250 | $2,500 |
| Penhook 4 Bedroom Homes for Rent | $2,474 | $1,650 | $3,600 |
Browse Top Homes for Rent in Penhook
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Penhook, VA Local Guide
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Cheapest Available Penhook Apartments for Rent and Nearby
 The cheapest available apartment rental in Penhook, VA is a 1 Bed unit found at Fayette Street Lofts in the Upper Martinsville neighborhood priced from $795. The Everett in the Deyerle neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here is today’s list of the most affordable Penhook apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fayette Street Lofts | Loft | 1BR,1BA | $795 |
| The Everett | 1 Bed, 1 Bath A Income-Restricted | 1BR,1BA | $849 |
| Hill Court Apartments | 1 Bed 1 Bath | 1BR,1BA | $875 |
Best Value Apartments for Rent in Penhook, VA and Nearby
As of October 30, 2025 the best value apartment in the Penhook area is the $1.00 price per square foot 3/2 60% AMI Model at Ridge View in the in the Upper Martinsville neighborhood starting from $1,284. The second greatest value Penhook apartment is the 3 Bedroom, 2 Bath Model at Windy Hill Key starting at $1,611 with a $1.30 price per square foot in the Southern Hills neighborhood. Here is today’s list of the best values for Penhook apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ridge View | 3/2 60% AMI | 3BR,2BA | $1.00 |
| Windy Hill Key | 3 Bedroom, 2 Bath | 3BR,2BA | $1.30 |
| Blue Ridge Village Apartments | 2/1.5 50% AMI | 2BR,1.5BA | $0.94 |
| Oak Grove Village | 2BR/1.5BA | 2BR,1.5BA | $1.07 |
| Flats at Glade Creek | 3X1 | 3BR,1BA | $1.31 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $1.11 |
| Northpointe | 2 | 2BR,1.5BA | $1.13 |
| Fayette Street Lofts | Flat | 1BR,1BA | $1.03 |
| School Drive Apartments | One Bedroom | 1BR,1BA | $1.31 |
| The Everett | 1 Bed, 1 Bath A Income-Restricted | 1BR,1BA | $1.32 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Penhook
What type of rentals are currently available in Penhook?
There are currently 48 Apartments for Rent in Penhook, VA with pricing that ranges from $795 to $3,675. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penhook ranging from $625 to $3,600.
What is the current price range for Rental Homes in Penhook?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penhook ranges from $625 to $3,600 with an average monthly rent of $1,535.
How much are larger Three and Four Bedroom Rentals in Penhook?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penhook range from $1,132 to $3,675, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,775.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.