Cheap Apartments for Rent in Penland, NC from $700 (51 Rentals)

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

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.

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The Emerson Apartments
Rent Specials
$1,150 - $1,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,120 - $1,620
Required Monthly Fees
$30
Total Monthly Price
$1,150 - $1,650
2 to 4 Bedroom Apartments Available Now

The Emerson Apartments

512 Swadley RdJohnson City, TN 37601
Corporate Housing
  • Verified
  • Customer Reviewed
  • Low Income

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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Murphy`s Farm Apartments
$1,286 - $1,885
Total Monthly Price

Total Monthly Price

Base Rent
$1,137 - $1,736
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Murphy`s Farm Apartments

142 Patrick Murphy DrMorganton, NC 28655
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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The Holston
Rent Specials
$1,330 - $2,058
Total Monthly Price

Total Monthly Price

Base Rent
$1,214 - $1,942
Required Monthly Fees
$116
Total Monthly Price
$1,330 - $2,058
1 to 3 Bedroom Apartments Available Now

The Holston

105 Holston View DrWeaverville, NC 28787
  • Verified
  • Customer Reviewed
  • 3D Tour
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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
  • Utilities Included
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Eli's Place
1 to 3 Bedroom Apartments

Eli's Place

3529 W Walnut StJohnson City, TN 37604

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Paxton Place
1 to 2 Bedroom Apartments

Paxton Place

407 S Roan StJohnson City, TN 37601
  • Utilities Included
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28 Park Ave
2 to 3 Bedroom Apartments

28 Park Ave

28 Park AveMarion, NC 28752

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 4 Beds unit found at Forrest Edge priced from $750. 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
Forrest EdgeForrest Edge Townhomes! - Roommate Matching Bed...4BR,4BA$750
Watauga Square1 Bedroom 1 Bathroom1BR,1BA$817
197 Old US Highway 321Standard Studio EfficiencyStudio,1BA$825
Presswood Court1 Bedroom1BR,1BA$895
Axis on Roan1 Bed x 1 Bath1BR,1BA$899
Sterling Hills ApartmentsGarden_First Floor1BR,1BA$930
Burlington Mill1BR/1.0BA1BR,1BA$950
Greenwood Farms ApartmentsTwo Bedroom - Small2BR,1BA$975
Charleston Square Townhomes1x11BR,1BA$995
Beaver Hollow Apartments2 Bedroom S602BR,1BA$1,000

Best Value Apartments for Rent in Penland, NC and Nearby

As of April 07, 2026 the best value apartment in the Penland area is the $0.81 price per square foot C1 Lodge Model at Highpointe in the starting from $1,095. The second greatest value Penland apartment is the 4x4 Super Deluxe Model at Student Quarters Johnson City | Student Housing starting at $750 with a $0.57 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.
HighpointeC1 Lodge3BR,3BA$0.81
Student Quarters Johnson City | Student Housing4x4 Super Deluxe4BR,4BA$0.57
Cedarbrook Apartments2 Bedroom - Garden2BR,2BA$1.16
Plaza View Luxury Condominiums2 Bed, 1.5 Bath Model2BR,1.5BA$1.18
The Condominiums at Cedarwood2 Bed, 1.5 Bath Model2BR,1.5BA$1.18
Antioch LandingAntioch 905 2B 1.5B2BR,1.5BA$1.02
28 Park Ave2 Bedroom2BR,1.5BA$1.14
The Harbor2BR2BR,2BA$0.97
Beaver Hollow Apartments2 Bedroom S602BR,1BA$1.09
Presswood Court1 Bedroom1BR,1BA$1.05

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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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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.

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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Penland, NC Rentals by Map

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See the most popular apartments and homes in Penland, NC

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Frequently Asked Questions about Cheap Penland Apartments

What is the Cheapest Studio apartment in Penland?

Currently the most affordable Cheap Studio Apartment in Penland is at 197 Old US Highway 321 listed at $825.

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 $975 at Greenwood Farms Apartments.

What is the most affordable Penland Three Bedroom Apartment?

The best deal on a cheap Penland Three Bedroom Apartment rental is at Park Place Apartments and starts from $1,237.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.