2712 Rakes Rd
Rocky MountVA24151
Cheap Homes for Rent in Penhook, VA from $600 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Penhook.
20733 Virgil H Goode Hwy
Rocky MountVA24151
6 Circle Dr
MartinsvilleVA24112
10 Circle Dr
MartinsvilleVA24112
8 Circle Dr
MartinsvilleVA24112
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.
705 4th St
MartinsvilleVA24112
1789 Stultz Rd
MartinsvilleVA24112
227 Wingfield St
MartinsvilleVA24112
808 D St
MartinsvilleVA24112
922 12th St SE
RoanokeVA24013
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.
614 Clift St
MartinsvilleVA24112
483 Virgil H Goode Hwy
BassettVA24055
1138 Highland Ave SE
RoanokeVA24013
5109 Dry Fork Rd
Dry ForkVA24549
2280 Oak Level Rd
BassettVA24055
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Showing Results 1-15, Page 1 of 1
Penhook, VA Local Guide
Yorktown, Virginia by mobili is licensed under CC BY 2.0
How much does it cost to rent a home in Penhook?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penhook 2 Bedroom Homes for Rent | $1,017 | $700 | $1,995 |
| Penhook 3 Bedroom Homes for Rent | $1,888 | $950 | $4,800 |
| Penhook 4 Bedroom Homes for Rent | $2,399 | $1,300 | $3,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Penhook
Explore Penhook
Penhook, VA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 100 Marshall Way | 1 Bedroom | 1BR,1BA | $795 |
| 74-78 Halifax Dr | 1Br/1Ba | 1BR,1BA | $800 |
| The Everett | 1 Bed, 1 Bath C Income-Restricted | 1BR,1BA | $839 |
| Hill Court Apartments | 2 Bed 1 Bath | 2BR,1BA | $875 |
| 631 Campbell Ave LLC - Residential | Studio Loft | Studio,1BA | $895 |
Best Value Apartments for Rent in Penhook, VA and Nearby
As of May 09, 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 2 Bed 1.5 Bath Model at Meadow Run starting at $900 with a $0.75 price per square foot in the Upper Martinsville 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. |
|---|---|---|---|
| Windy Hill Key | 3 Bedroom, 2 Bath | 3BR,2BA | $1.30 |
| Meadow Run | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.75 |
| Bent Tree | 2 BEDROOM | 2BR,1BA | $1.11 |
| Oak Grove Village Apartments | Bulk market rent | 2BR,1.5BA | $1.16 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1.07 |
| Liberty Manor Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.32 |
| 100 Marshall Way | 1 Bedroom | 1BR,1BA | $0.88 |
| Flats at Glade Creek | 2X1 | 2BR,1BA | $1.29 |
| The Heights at Gateway Park | 1 Bedroom First Floor | 1BR,1BA | $1.44 |
| 74-78 Halifax Dr | 1Br/1Ba | 1BR,1BA | $1.23 |
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 Article
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.
Read ArticleQuick 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.
Let everyone know!
Do you know the Penhook area?
If you’re an expert on all things Penhook, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Penhook, VA Rentals by Map
See the most popular apartments and homes in Penhook, VA
Frequently Asked Questions about Penhook
What type of rentals are currently available in Penhook?
There are currently 57 Apartments for Rent in Penhook, VA with pricing that ranges from $795 to $3,790. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penhook ranging from $650 to $4,800.
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 $650 to $4,800 with an average monthly rent of $1,473.
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 $999 to $3,651, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $4,800. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,790.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.