Cheap Apartments for Rent in Penland, NC from $600 (14 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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200-206 S Boone St
1 Bedroom Apartments

200-206 S Boone St

200-206 S Boone StJohnson City, TN 37604
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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.

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Penland, NC Local Guide

Cheapest Available Penland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penland, NC is a 1 Bed unit found at Beaver Hollow Apartments in the Downtown Johnson City neighborhood priced from $775. Watauga Square in the Downtown Johnson City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $817. Here is today’s list of the most affordable Penland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Beaver Hollow Apartments1 Bedroom S501BR,1BA$775
Watauga Square1 Bedroom 1 Bathroom1BR,1BA$817
Presswood Court1 Bedroom1BR,1BA$895
Sterling HillsGarden1BR,1BA$950
101 Park Place AveOne Bed1BR,1BA$1,000

Best Value Apartments for Rent in Penland, NC and Nearby

As of July 28, 2025 the best value apartment in the Penland area is the $0.77 price per square foot C3 Cottage Model at Highpointe in the starting from $1,040. The second greatest value Penland apartment is the 4x4 Super Deluxe Model at Student Quarters Johnson City starting at $680 with a $0.52 price per square foot in the Downtown Johnson City neighborhood. Here is today’s list of the best values for Penland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
HighpointeC3 Cottage3BR,3BA$0.77
Student Quarters Johnson City4x4 Super Deluxe4BR,4BA$0.52
101 Park Place Ave3 BR3BR,2BA$1.25
Hawthorne at WeavervilleRock Creek2BR,2BA$1.38
Plaza View Luxury Condominiums2 Bed, 1.5 Bath Model2BR,1.5BA$1.18
Beaver Hollow Apartments3 Bedroom S603BR,1BA$1.21
River View Townhomes2 Bedroom Townhome2BR,1.5BA$1.06
Park Place Apartments2 Bed x 2 Bath2BR,2BA$1.29
The Harbor2BR2BR,2BA$0.94
Presswood Court1 Bedroom1BR,1BA$1.05

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Frequently Asked Questions about Cheap Penland Apartments

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

The lowest price for a Cheap One Bedroom Penland Apartment is $775 at Beaver Hollow Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Penland is starting from $1,089 at River View Townhomes.

What is the most affordable Penland Three Bedroom Apartment?

The best deal on a cheap Penland Three Bedroom Apartment rental is at Beaver Hollow Apartments and starts from $1,250.

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.

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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.

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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.

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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.