Cheap Apartments for Rent in Penland, NC from $500 (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

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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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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Eli's Place
1 Bedroom Apartments

Eli's Place

3529 W Walnut StJohnson City, TN 37604

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 Watauga Square in the Downtown Johnson City neighborhood priced from $817. Greenwood Farms Apartments in the Downtown Johnson City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Penland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Watauga Square1 Bedroom 1 Bathroom1BR,1BA$817
Greenwood Farms ApartmentsLarge 1x11BR,1BA$825
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 June 10, 2025 the best value apartment in the Penland area is the $0.86 price per square foot 2 Bedroom Model at 28 Park Ave in the starting from $1,200. The second greatest value Penland apartment is the C3 Cottage Model at Highpointe starting at $1,040 with a $0.77 price per square foot . 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.
28 Park Ave2 Bedroom2BR,1.5BA$0.86
HighpointeC3 Cottage3BR,3BA$0.77
Student Quarters Johnson City4x4 Super Deluxe4BR,4BA$0.52
Woodbridge Apartments3 Bedroom Premier3BR,2BA$1.13
197 Old US Highway 321Cedar Chalet3BR,1.5BA$0.67
Cedarbrook Apartments2 Bedroom - Garden2BR,2BA$1.16
Plaza View Luxury Condominiums2 Bed, 1.5 Bath Model2BR,1.5BA$1.18
Park Place Apartments2 Bed x 2 Bath2BR,2BA$1.24
The Harbor2BR2BR,2BA$0.86
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 $817 at Watauga Square.

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 $1,145 at Charleston Square Townhomes.

What is the most affordable Penland Three Bedroom Apartment?

The best deal on a cheap Penland Three Bedroom Apartment rental is at Charleston Square Townhomes and starts from $1,295.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.