
Cheap Apartments for Rent in Penn Valley, CA from $600 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in Penn Valley.


Vineyard Family Apartments

Casa Milano Apartments
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.

Meadow Wood Condo Apartments

Northgate Terrace

Eastgate Terrace Apartments

319 N School St
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.
Penn Valley, CA Local Guide

How much does it cost to rent an apartment in Penn Valley?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Penn Valley Studio Apartments | $2,150 | $725 | $4,630 |
Penn Valley 1 Bedroom Apartments | $2,135 | $1,095 | $6,260 |
Penn Valley 2 Bedroom Apartments | $2,287 | $841 | $6,880 |
Penn Valley 3 Bedroom Apartments | $2,550 | $1,900 | $3,200 |
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Penn Valley, CA Local Guide
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Cheapest Available Penn Valley Apartments for Rent and Nearby
 The cheapest available apartment rental in Penn Valley, CA is a Studio unit found at Tourist Hotel in the Hetherington Place neighborhood priced from $675. Sandpiper Apartments in the Edgewater neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Penn Valley apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Tourist Hotel | Studio | Studio, | $675 |
Sandpiper Apartments | 1 x 1 | 1BR,1BA | $1,150 |
Shasta Glen Apartments | 650 SF | 1BR,1BA | $1,150 |
Northgate Terrace | 1 Bed 1 Bath | 1BR,1BA | $1,200 |
Meadow Wood Condo Apartments | Plan C | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Penn Valley, CA and Nearby
As of June 04, 2025 the best value apartment in the Penn Valley area is the $1.60 price per square foot 2BR/1.5BA Model at Colonial Garden Apartments in the in the Hetherington Place neighborhood starting from $1,600. The second greatest value Penn Valley apartment is the 2 Beds, 1 bath Model at Northpointe Commons starting at $1,450 with a $1.53 price per square foot in the Hetherington Place neighborhood. Here is today’s list of the best values for Penn Valley apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Colonial Garden Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.60 |
Northpointe Commons | 2 Beds, 1 bath | 2BR,1BA | $1.53 |
Hillcrest Court Apartments | 2x1T | 2BR,1BA | $1.78 |
Lakeside Village | Lakeside Village Plan B | 2BR,1BA | $1.63 |
Hunters Landing | Two Bedroom | 2BR,1BA | $1.73 |
The Estate | 2 Bedroom | 2BR,1BA | $1.82 |
Sandpiper Cove | One Bedroom One Bath | 1BR,1BA | $1.82 |
Meadow Wood Condo Apartments | Plan C | 1BR,1BA | $1.76 |
Northgate Terrace | 1 Bed 1 Bath | 1BR,1BA | $1.76 |
Shasta Glen Apartments | 650 SF | 1BR,1BA | $1.77 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Penn Valley, CA Rentals by Map
See the most popular apartments and homes in Penn Valley, CA
Getting Around Penn Valley, CA
Walk Score®
12 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
14 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Penn Valley Apartments
What is the Cheapest Studio apartment in Penn Valley?
Currently the most affordable Cheap Studio Apartment in Penn Valley is at Tourist Hotel listed at $675.
How much is rent for a Cheap One Bedroom Penn Valley Apartment?
The lowest price for a Cheap One Bedroom Penn Valley Apartment is $1,150 at Shasta Glen Apartments.
What is the lowest price for a Cheap Two Bedroom Penn Valley Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Penn Valley is starting from $1,195 at Tourist Hotel.
What is the most affordable Penn Valley Three Bedroom Apartment?
The best deal on a cheap Penn Valley Three Bedroom Apartment rental is at Cyrene at Meadowlands - Single Family Homes and starts from $2,825.
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.

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.

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.

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.

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.